BOSTON (Reuters) – California companies added Latino directors at the slowest pace among U.S. minority groups, a new study found, ahead of a year-end state deadline mandating more boardroom diversity. By contrast, 10% of new directors were Black or African-American, and 18% were Asian, according to the study. It found 83% of the state’s public company boards had no Latino or Hispanic directors. Boardroom diversity is closely watched in California, the most populous state and the headquarters of many top technology and entertainment companies. A similar law now requires California companies by the end of 2021 to have at least one director from an “underrepresented community” including people who self-identify as Black, Hispanic or Latino, Asian or LGBT.

Source: MetroXpress September 13, 2021 11:03 UTC