Originally published by Politic365 here.
Politic365‘s Justin Velez-Hagan recently spoke with Carlos Orta, President/CEO of the Hispanic Association on Corporate Responsibility (HACR), about the recent documentary The Insider Game, the major obstacles Hispanics and other minorities face in corporate America, and several other issues affecting Hispanics in business today.
Orta was selected as the President and CEO of HACR in 2006 after previously holding a variety of positions in several Fortune 500 companies. Most recently, Orta was selected byLatino Leaders Magazine as one of the “101 Most Influential Leaders in the Latino Community.”
The lagging representation of Hispanics on Fortune 500 boards is “an issue that’s very important to the Hispanic community,” says Orta.
Fortune 500 companies now realize the positive impact diversity has on their bottom line. However, the biggest problem, according to Orta, is the lack of experienced Hispanics available to choose from for Fortune boardrooms and executive positions.
“When companies are looking to add another member to their board, they generally want to add another CEO,” said Orta, describing how Fortune 500 boards want the most experienced person available to fill those slots. “But when you look at the Fortune 500, there are only 5 or 6 CEOs that are of Hispanic heritage. There is only one in the Fortune 100.”
When asked what companies can do to help promote diversity in their organizations, Orta says it “has to be about the business case, otherwise it doesn’t work.” Organizations want contributors with diverse backgrounds, not just diversity for diversity’s sake.
Listen to the full interview here on Politic365, as Orta further discusses his thoughts on the AT&T/T-Mobile merger, the value of STEM education and college recruitment, as well as policies that Congress can enact and promote in order to improve Hispanic representation in corporate America.