Latino families will account for more than $1 out of every $10 spent in the U.S. by 2015. But despite their growing consumer purchasing power, less than 5 percent –1 out of 23 board members– of Fortune 500 companies are Hispanic, according to a new survey.
A total of 196 Fortune 500 and 66 Fortune 100 companies responded to a Corporate Diversity survey, which was sent out by Sen. Robert Menendez (D-NJ). The results show little improvement in the way of Hispanic representation on the boards of the U.S.’s most influential companies.
Only 12 companies of the 196 companies that responded have two or more Hispanics on their board, and 118 companies, or about 60 percent, have none, according to the report. READ MORE
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