Despite their economic might, the number of U.S. Latinos on corporate boards is staggeringly low and there has been no progress in the last decade by any measure.
Latinos comprise 18.5 percent of the U.S. population and Latino consumers contribute 25 percent of the U.S. GDP.
In contrast to the size and economic strength of the U.S. Latino population, Latinos hold a mere 3 percent of the board seats among the companies listed on the 2020 Fortune 1000 list, according to the latest report by the KPMG Board Leadership Center and the Latino Corporate Directors Association.
The report measures 2020 Latino representation on Fortune 1000 boards by industry and state of company headquarters. It also examines the gender, age, and board and committee service of Latino directors.
Among the findings: