Hispanics Take Fewest New Boardroom Seats Since 2011, Study Says
- Heidrick & Struggles finds Latinos are 4% of new directors
- Group represents 17% of population but only 2% of CEOs
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Hispanic executives made up just 4 percent of new directors at U.S. companies last year, the lowest since 2011 and a fraction of the 17 percent of the U.S. population that the group represents, according to a report by executive recruiter Heidrick & Struggles.
The annual study also found that 54 percent of 399 incoming directors at U.S. companies are either current of former chief executive officers. With Hispanics making up just 2 percent of CEOs at S&P 500 companies, that doesn’t bode well for increased diversity, the firm said. The number of boardroom appointments in 2015 was at a seven-year high.