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Director Member Criteria

Applicants must currently reside in the United States and have lived in the US for at least the past five (5) consecutive years.

Director member candidates must hold fiduciary responsibility on a qualifying board – the highest level, governance structure of a company or entity. Directors cannot be internal executives without voting rights—other than the CEO—who are employed by the company or its subsidiaries. Directors on Advisory Boards are excluded.

Directors of boards with the following attributes are eligible for LCDA membership:

Public Company

A publicly traded company on a major US exchange (NYSE or Nasdaq). This criterion applies to any boards they currently serve on or have served on within the past 10 years.

Private Company

  • A large private company with more than $250 million in annual revenues; or
  • A subsidiary of a publicly traded parent company with annual revenues more than $250M; or
  • A for-profit owned by shareholders or policy holders, private company, including LLCs, LLPs, mutual companies, mutual funds, or any other legal structure, whose annual revenues are more than $250M or that manage $1B in Assets Under Management (AUM) or more. A business that sells a product or service to other businesses or consumers. Examples include: FHLBs, central FRB, and Governing boards of professional services companies such as major law firms. For example, Akin Gump, Mutual of America, Kaiser Permanente, Delta Dental, PFM Financial Advisors, LLC, and AARP Services, Inc.

    Do not qualify: American Red Cross, Girl Scouts of America, and United Way of America.

Public Entity

  • Public pension funds that manage $1B in AUM or more. (For example, the Teacher Retirement Fund of Texas and CalPERS); or
  • Public utilities that are not investor-owned and whose annual revenues are more than $250M. (For example, ERCOT and the Los Angeles Department of Water & Power).


INTEREST FORM


Executive Member Criteria

Applicants must currently reside in the United States and have lived in the US for at least the past five (5) consecutive years.

Senior executives and national leaders with the following attributes are eligible for LCDA membership:

  • Executive Member applicants with C-Suite or P&L experience must currently or have recently been employed at a Russell 3000 company or at a private company with at least $1 billion in annual revenue.
  • Executives should have large company operations experience, including extensive management experience and/or direct P&L ownership, as well as sought-after skill sets within the categories listed below:
  • C-suite corporate experience (particularly CEO, CIO, CFO, CTO, CMO, COO, GC, and CPO positions)
  • EVP/SVPs 1-2 levels removed from CEO in public companies, or at private companies that have scale, or
  • Entrepreneurs and Managing Partners/Directors of LLPs, LLCs, or mutual companies with annual revenues of $20M or higher, or
  • Former high-ranking military leaders and former national and or statewide elected or appointed officials

In addition, executives should have current or previous nonprofit board service experience.

* These executives may or may not be able to serve on corporate boards while in their current role (i.e. executives from the top 4 audit firms, lawyers, or other qualified executives).


INTEREST FORM





Review Process & Timeline

All submitted interest forms will receive follow-up communication, and qualified candidates will be invited to submit an application.

The LCDA Nominations & Membership Committee will give final approval on applications. Upon the receipt of a completed application, a status update will be sent within 30 days. Until then, all applications are considered under review.

For questions regarding LCDA Membership qualifications, screening, and review process, please contact our Membership Team at membership@latinocorporatedirectors.org.




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