September 13, 2021
Ross Carver
Boston (Reuters) -California companies have added Latin directors at the slowest pace of any US minority group, a new study found.
Many companies have promised new efforts to diversify their workforce and leadership after last year’s Black Lives Matter protest, but new numbers show little change in some regions. I am.
Of the approximately 1,443 new directors added to the board of directors of public companies in California during the 12 months to June 30, 49, or 3.5%, were Latino or Hispanic.
In contrast, according to the survey, 10% of new directors were black or African-American and 18% were Asian. We found that 83% of state public company boards do not have Latin or Hispanic directors.
Researcher Equilar Inc. “We have been overlooked,” said Kathy Munoz, vice chairman of the Latin Corporate Directors Association, who wrote the study using the data from.
The association’s vice president of research, Ozzie Gromada Meza, and various Latin business leaders have blamed the outdated executive recruitment efforts and the isolated social and professional network of representative gaps.
The diversity of meeting rooms is carefully watched in California, the most populous state and the headquarters of many top technology and entertainment companies.
As of June 30, a study found that Latino Americans occupied only 2.5% of the board’s seats throughout the state. New census data show that Latin Americans and Hispanics make up 39.4% of California’s population and are the largest ethnic group.
Recent state law requires companies to have at least one woman on their board of directors, who now make up 28% of the total 5,831 directors of public companies based there.
By the end of 2021, by the end of 2021, California companies would have at least one board member from the “underrated community”, including those who self-identify as black, Hispanic or Latino, Asian or LGBT. Is obligatory to put.
(Report by Ross Kerber in Boston, edited by Matthew Lewis)
In California, Latin American conference rooms are lagging behind-study
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