Latino representation on Fortune 1000 boards: 2023 Edition marks the fourth study by the KPMG Board Leadership Center and the Latino Corporate Directors Association (LCDA) examining trends in board service, gender, age, committee service, and tenure of Latino directors, as well as their prevalence by industry and state of corporate headquarters. Latino directors were identified by LCDA and data on public Fortune 1000 company boards and directors were provided by Equilar.
Among the key findings:
- The Hispanic/Latino presence in Fortune 1000 boardrooms measured 5.0 percent in 2023, up from 2.7 percent in 2019, the first year of this study.
- The percentage of Fortune 1000 boards with one Latino director increased to 32 percent in 2023, up from 21 percent in 2019.
- Among directors who joined their public Fortune 1000 boards between January 2022 and June 2023, 7 percent are Latino.
- More than half of the Latino directors studied joined their boards within the last five years.
- Twenty-four public Fortune 1000 companies have a board chair who is Latino.