Latino Corporate Directors Association Supports Transparency on Corporate Boards
WASHINGTON--(BUSINESS WIRE)--Mar 28, 2019--The Latino Corporate Directors Association (LCDA) has approved a resolution in support of the “Improving Corporate Governance Through Diversity Act” (S.360, H.R.1018), legislation that would require public companies to disclose, based on voluntary self-identification, the racial, ethnic, gender, and veteran composition of their Boards of Directors.
The bill, introduced by Senator Bob Menendez and Representative Gregory Meeks, is a sensible approach. According to Roel C. Campos, LCDA Chair of the Demand Committee, “The proposed legislation provides useful and desired board demographics that promotes transparent corporate governance on public company boards.”
“The bill has broad support, including endorsements from the U.S. Chamber of Commerce and the Council for Institutional Investors, to name a few,” said Patricia Salas Pineda, LCDA Co-founder and Board Chair. “In promoting the transparency of board demographics, investors will be better informed when making an investment decision regarding a company,” she added.
“What gets measured, gets support. This legislation makes it possible to track and advance board diversity as good corporate governance and a business advantage,” noted Esther Aguilera, LCDA President & CEO.
Interviews with LCDA President & CEO, Esther Aguilera, are available. If you would like to schedule an interview, please contact Monique Navarro: email@example.com
The LCDA Board Resolution can be found here: https://bit.ly/2JpvD5X
About the Latino Corporate Directors Association
The Latino Corporate Directors Association (LCDA) is the only national association of U.S. Latino corporate board members that serve on publicly traded and large private company boards, as well as C-Suite level and board-qualified executives. LCDA convenes the most accomplished U.S. Latino executives at the highest levels of business leadership with the goal of promoting board diversity.
LCDA works to increase the number and influence of U.S. Latinos on corporate boards by growing the pool of high-caliber candidates and providing quality corporate governance programming for experienced and aspiring directors. LCDA supports efforts to address the underrepresentation of qualified Latinos, women, and minorities in the boardroom and serves as a trusted partner to boards, search firms, and private equity interested in gaining access to exceptional Latino board talent.
More information at www.latinocorporatedirectors.org
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CONTACT: Monique Navarro
Latino Corporate Directors Association
KEYWORD: UNITED STATES NORTH AMERICA DISTRICT OF COLUMBIA
INDUSTRY KEYWORD: PUBLIC POLICY/GOVERNMENT CONGRESSIONAL NEWS/VIEWS LABOR PUBLIC POLICY
SOURCE: Latino Corporate Directors Association (LCDA)
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PUB: 03/28/2019 08:54 AM/DISC: 03/28/2019 08:53 AM