REDWOOD CITY, CA (May 16, 2017) —Equilar is proud to announce that Latino Corporate Directors Association (LCDA) has joined the Equilar Diversity Network (EDN) as its newest partner.
Launched in September 2016 to advance diverse representation in boardrooms across the globe, EDN now consists of 14 partner organizations and nearly 3,000 diverse board candidates, supplementing more than 150,000 candidate profiles already in the Equilar BoardEdge database. EDN is a consortium of leading diversity-focused organizations consolidating robust registries of board-ready executives into one searchable database. With the addition of the LCDA members, EDN continues to expand the pool of diverse candidates for corporations to consider through their board succession processes.
“We could not be more thrilled to partner with Latino Corporate Directors Association. We have a shared focus to increase the visibility and awareness of highly qualified, diverse, minority board candidates,” said Belen Gomez, Senior Director of Board Services at Equilar. “Finding ways to advance opportunities for minorities in U.S. boardrooms is core to our mission at Equilar. We look forward to working closely with LCDA and all of our partners to drive progress on such a critical governance issue.”
Latino Corporate Directors Association (LCDA) is the first association of U.S. Latino corporate board members serving on public and large private company boards. With persistent disparities in Hispanic representation in the corporate world, LCDA united with the common goal of increasing Hispanic participation in boardrooms across the United States. Despite a robust talent pool and representative of nearly 18% of the U.S. population, Latinos hold for about 2% of Fortune 1000 board seats.
“LCDA applauds Equilar’s effort to build a diverse and inclusive registry of top corporate board talent and to advance the contributions that Latino leaders can make at the highest levels of corporate leadership,” said Esther Aguilera, LCDA president and CEO. “Corporate America is more competitive with a boardroom that reflects the nation’s consumer base. Studies demonstrate that companies gain a competitive advantage when decision-making comes from diverse perspectives and aligns with the diverse marketplace. Latino consumers are driving consumption growth in America, with Latino purchasing power at $1.7 trillion and on pace to grow $80 to $90 billion a year.”
As part of the partnership announcement, Equilar and EDN content sponsors KPMG and Semler Brossy partnered with LCDA member Amb. Antonio Garza on an upcoming webinar broadcast for aspiring directors. In an effort to promote education for the next generation of corporate directors, the Equilar Diversity Network is planning a three-part series focused on hot-topic governance issues as well as the inner workings of the three most prevalent board committees. The first broadcast, Preparing for Board Service: Governance 101 Series, is slated for May 18, 2017 at 1:00pm ET/10:00am PT.
Equilar Diversity Network Partners Include:
Equilar is the leading provider of board intelligence solutions. Companies of all sizes rely on Equilar for their most important boardroom decisions, including 70% of the Fortune 500 and institutional investors representing over $13 trillion in assets. Equilar offers data-driven solutions for board recruiting, executive compensation and shareholder engagement that bring together business leaders, institutional investors and advisors to drive exceptional results while ensuring sound corporate governance. The Equilar suite of solutions includes industry-leading board education symposiums, comprehensive custom research services and award-winning thought leadership. Founded in 2000, Equilar is cited regularly by Associated Press, Bloomberg, CNBC, The New York Times, The Wall Street Journal and other leading media outlets. Learn more at www.equilar.com