While there is solid proof that board diversity is good for business, in 2014, it is still uncommon to find Hispanics sitting on corporate boards, according to a new study.
In fact, Latinos hold a mere 37 out of 5,511 board seats in the Fortune 500, according to findings from the 2013 Corporate Governance Study (CGS). The study, conducted by the Hispanic Association on Corporate Responsibility (HACR), reveals little progress for Hispanic inclusion on corporate boards over the last 20 years. Overall, Hispanics held just 3 percent of seats in the boardroom of the Fortune 500 last year. In addition, only 2 percent — or 10 Fortune 500 CEOs — are of Hispanic heritage.