Why is There No Room for Hispanics On Corporate Boards?
For the seventh consecutive year, the percent of directors of Hispanic origin elected to Fortune 500 boards was sharply lower than the overall representation of Hispanics in the U.S. population, according to the Heidrick & Struggles 2016 board monitor.
Of 399 new directors appointed by Fortune 500 companies in 2015, only 16 were Hispanic — a measly four percent. Over the past seven years, an average of 4.7 percent of new directors have been Hispanic. That dire statistic reveals there has been no discernible upward trend. Nothing. As the Hispanic share of the U.S. population has grown during those years, the gap of under-representation in the boardroom has therefore widened…
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