2023 Latino Board Monitor Reports Progress in Latino Representation on Fortune 500 and Fortune 1000 Company Boards [REPORT]

The Latino Corporate Directors Association (LCDA) announces the release of its latest report, the 2023 Latino Board Monitor, revealing an increase of Latino board representation by 1% on Fortune 500 boards and 0.8% on Fortune 1000 boards—a notable achievement, and one of the most significant increases since 2020. Still concerning, by 2060, Latinos are expected to be 27.5% of the US population and only 9.2% of Fortune 500 board seats.

Now in its third year, the 2023 Latino Board Monitor provides valuable insights into the promising trajectory for Latino representation on corporate boards, with substantial improvements over the past three years. As part of LCDA’s commitment to develop, support, and increase the number of US Hispanic/Latinos on corporate boards, the organization played a pivotal role in these advances, resulting in an approximately 1% overall increase in Latino representation for both Fortune 500 and Fortune 1000 boards.

In Fortune 1000 companies, Latino representation has risen to 4.9%, marking an impressive 0.8% increase.

Key findings from the 2023 Latino Board Monitor include:

• Fortune 500 Representation : Latinos now hold 5.4% of board seats among Fortune 500 companies, a 1% increase from the previous year.
• Fortune 1000 Representation : In Fortune 1000 companies, Latino representation has risen to 4.9%, marking an impressive 0.8% increase.
• Company Inclusion : 40% of Fortune 1000 companies are inclusive of Latinos on their corporate boards, reflecting a 5 percentage point increase from 2022 – the second most notable increase since 2019.

To download report, CLICK HERE.