The Hispanic Association on Corporate Responsibility (HACR) announced the findings from its 2013 Corporate Governance Study (CGS) revealing little progress for Hispanic inclusion on corporate boards over the last 20 years.
The HACR CGS measures Hispanic inclusion in the C-Suite and boardrooms in Fortune 500 companies. The HACR CGS is a publication of the HACR Research Institute (HRI), the research arm of HACR, which is devoted to objective research and analysis of Hispanic-related issues in Corporate America.
Key findings include:
• Latinas only hold 37 out of 5,511 board seats in the Fortune 500.
• Hispanics held three percent of seats in the boardroom of the Fortune 500
• 70 percent or nearly 350 companies of the Fortune 500 did not have a Hispanic on their board
• Only two percent or 10 Fortune 500 CEOs are of Hispanic heritage
• 133 Hispanic individuals held 171 board seats in the Fortune 500
• Only four percent of Fortune 500 companies had two Hispanics on their board
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