As of September 2023, Hispanic/Latin American directors account for 3.6% of the total and 16% of non-White/Caucasian directors at Russell 3000 companies. That indicates a significant underrepresentation of Hispanics in boardrooms compared with the group’s percentage of the population.
While the growth of Hispanic/Latin American representation has been undeniable on U.S. boards over the last five years, the facts remain that this group started from further back and is gaining ground more slowly than other ethnicities. Board seats don’t come close to parity with the 19% of Americans who are Hispanic and very few of those seats translate into the more powerful board positions, including CEO. Hispanic directors don’t hold more than 10% of the board seats in any industry. Our findings indicate that Hispanics continue to face significant barriers to inclusion and representation in corporate boards.
‘Enforcement 40’ for 2020
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