Of the 1,443 or so new directors added to the boards of Administering public companies in California in the 12 months ended June 30, only 49 of them, or 3.5%, were Latin American or Hispanic, according to the journal.
In contrast, 10% of new directors were black or African-American, and 18% were Asian, according to the study. He revealed that 83% of advice fromThe state SOE administration had no Latin or Hispanic directors.
"We have been overlooked " said Kathy Munoz, vice president of the Latino Corporate Directors Association, who wrote the study using data from researcher Equilar Inc. "We don't get the visibility other communities get.
Association vice president for research Ozzie Gromada Meza and
Board persistence is closely watched in California, the most populous state and home to many tech companies and
As of June 30, Latinos held only 2.5% of the seats inu state board of directors, according to the study. New census data shows Latinos and Hispanics made up 39.4% of California's population and are the largest ethnic group. read more
A recent state law required companies to have at least one woman on their boards, and women now hold 28% of the 5 831 administrator positions. in state-owned companies based there.
A similar law now requires California companies by the end of 2021 to have at least one director from from an "under-represented community " including people who identify as black, Hispanic or Latino, Asian or LGBT. Reporting by Ross Kerber in Boston Editing by Matthew Lewis
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