HACR 2013 Annual Report

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HACR 2013

ANNUAL REPORT INDEX ABOUT HACR AND FACTS ABOUT HISPANICS IN THE U.S. . . . . . . . . . . . . . . . . . . .3 A LETTER FROM HACR’S INTERIM PRESIDENT & CEO . . . . . . . . . . . . . . . . . . . . . .4 2013 HACR BOARD OF DIRECTORS & COALITION MEMBERS . . . . . . . . . . . . . . . . .6 2013 HACR CORPORATE MEMBERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7 THE 21st ANNUAL HACR SYMPOSIUM: THE POWER OF HISPANIC INCLUSIONTM . . . . . . 8 2013 HACR CEO ROUNDTABLE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 2013 HACR CORPORATE DIRECTORS SUMMIT TM. . . . . . . . . . . . . . . . . . . . . . .

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2013 HACR CORPORATE EXECUTIVES FORUM TM . . . . . . . . . . . . . . . . . . . . . . . 13 2013 HACR CORPORATE ACHIEVERS SUMMIT. . . . . . . . . . . . . . . . . . . . . . . . . 15 2013 HACR YOUNG HISPANIC CORPORATE ACHIEVERSTM . . . . . . . . . . . . . . . . . . 17 2013 HACR EVENT GALLERY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 ABOUT THE HACR RESEARCH INSTITUTE. . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 2012 HACR FINANCIALS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 2012 HACR STATEMENT OF FINANCIAL POSITION . . . . . . . . . . . . . . . . . . . .. .. . .23

HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY Founded in 1986, the Hispanic Association on

public policy support, resource development, and

Corporate Responsibility (HACR) is one of the most

the exertion of political influence. HACR Coalition

influential advocacy organizations in the nation

Members work with more than 1,500 affiliate

representing 16 national Hispanic organizations in

community-based organizations serving the

the United States and Puerto Rico. Our mission is

Hispanic community in all 50 states and Puerto

to advance the inclusion of Hispanics in Corporate

Rico, including more than 450 institutions of higher

America at a level commensurate with our

learning enrolling three out of every four U.S.

economic contributions. To that end, HACR focuses

Hispanic college students, and 400 publications with

on four areas of corporate social responsibility

a combined circulation of more than 10 million.

and market reciprocity: Employment, Procurement, Philanthropy, and Governance.

HACR’s work is possible thanks to the generous support of its Corporate Members, which includes

Collectively, HACR’s Coalition Members reflect the

to-date, 51 of the largest companies in the U.S.

voice of more than 50 million Hispanics living in

Together the Coalition Members and Corporate

the United States and Puerto Rico, serving those

Members help to provide HACR the resources

diverse communities through advocacy, education,

needed to achieve its mission.

representation, assistance, capacity building,

HISPANICS IN THE U.S. $1.5 trillion estimated purchasing power by 2015.

More than 16% of the U.S. population is Hispanic.

50 million Hispanic consumers in the U.S. are represented by Coalition Members.

Hispanics are the fastest-growing ethnic segment and expected to grow 167% from 2010 to 2050.

The per capita income of U.S. Hispanics is higher than any one of the highly coveted BRIC (Brazil, Russia, India, China) countries.

Source: U.S. Census Bureau; Goldman Sachs Global Economics

HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY | 2013 ANNUAL REPORT

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A LETTER FROM HACR’S

INTERIM PRESIDENT & CEO The rationale is as simple as is it compelling.

Hispanics constitute the largest ethnic sector of the population, are youngest among all major racial and ethnic populations, and have a higher labor force participation rate than any other group in the United States. Projections forecast by 2050, Hispanics will account for nearly 30 percent of the nation’s total population and over one third of the American workforce. Given these and related statistics, Hispanics are irrefutably positioned to be a major factor in the future of the country.

As we move further into the 21st century, Corporate America is becoming ever more aware of the importance of inclusion and diversity

Corporate America is increasingly aware of the correlation between Hispanics and profitability, as are they understanding of the dependence upon Hispanics as a consumer base and as a source of talent for the workforce today and more so, tomorrow.

to our collective well-being. And, while

Enlightened corporations such as those who are

progress is being made in a number

sponsors and supporters of HACR, understand and

of important ways, recent findings

are committed to assuring the Hispanic voice is

of the HACR Corporate Governance Study reveal that in the past 20

represented amongst those making decisions in boardrooms and C-suites across Corporate America.

years only minimal gains in Hispanic

As the premier organization for Hispanic inclusion in

representation on corporate boards

Corporate America, HACR is an association comprised

and in C-suites has been realized.

Since 1986, HACR has been dedicated

of 16 Hispanic-led, national nonprofit organizations.

These 16 Coalition Members reflect the voice of more than 50 million Hispanic Americans, and form the foundation of HACR.

to a mission to advance the inclusion of Hispanics in Corporate America at a level commensurate with our economic contributions.

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2013 ANNUAL REPORT | HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY

Our work is funded and enabled through the

HRI has stimulated discussion among our corporate

financial and intellectual support we receive from

membership and through dialogue captured vital

select Fortune 500 companies representing various

insights to inform future research.

industries. Working collaboratively with these partners, we help each to fulfill its own commitment to

HACR continues to grow and evolve with the support

diversity and inclusion, every year we continue

and guidance of our Coalition Members and

to grow.

Corporate Members. Our programs provide valuable

Through offerings of four main programs we work to

quality of our research allows us to best strategize for

keep Hispanics in Corporate America competitive

future generations of Hispanic Americans.

resources to Hispanic corporate leaders, and the

and well informed. These programs provide rigorous leadership and business training, alongside valuable

As the Interim President and CEO of HACR, I am

opportunities to network with Hispanic executives

proud to be a part of an organization that has

and directors.

accomplished so much for our community over the nearly three decades since its founding.

The HACR Corporate Executives Forum™ (CEF) and the HACR Corporate Directors Summit™ (CDS) bring

I extend to all involved, our collective thanks and

together leading Hispanic executives and directors to

invite those who wish to learn more, to reach out;

discuss business issues, challenges, and solutions. The

there are many exciting opportunities ahead in the

HACR Corporate Achievers Summit (CAS) and the

coming year and much progress to be made, for

HACR Young Hispanic Corporate Achievers™ (YHCA)

which this organization is known.

are programs for ‘up and coming’ corporate leaders who have displayed a deep commitment to the

Sincerely,

Hispanic community.

And, importantly, in the past year, the HACR

Frank D. Alvarez

Research Institute (HRI) published three studies under

Interim President & CEO

the leadership of Dr. Lisette M. Garcia: the 2013 Hispanic Employee Resource Group Study; the 2013 Corporate Governance Study; and the 2013 HACR Corporate Inclusion Index. Through these studies the

HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY | 2013 ANNUAL REPORT

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2013 HACR

BOARD OF DIRECTORS MARGARET MORAN League of United Latin American Citizens HACR Board Chair GUARIONE DÍAZ Cuban American National Council HACR Board Vice Chair RONALD BLACKBURN-MORENO ASPIRA Association, Inc. HACR Board Treasurer DR. JUAN ANDRADE, JR. United States Hispanic Leadership Institute HACR Board Secretary JANET MURGUÍA National Council of La Raza HACR Immediate Past Chair ALBERT GONZALES American GI Forum of the United States THE HONORABLE RUBÉN HINOJOSA Congressional Hispanic Caucus Institute, Inc.

THE HONORABLE LINCOLN DÍAZ-BALART Congressional Hispanic Leadership Institute, Inc. DR. ANTONIO R. FLORES Hispanic Association of Colleges and Universities ALMA MORALES RIOJAS MANA, A National Latina Organization CLARA PADILLA ANDREWS National Association of Hispanic Publications CECELIA ESPENOZA National Hispana Leadership Institute RAFAEL FANTAUZZI National Puerto Rican Coalition MANUEL “MANNY” GONZALEZ National Society of Hispanic MBAs IGNACIO SALAZAR SER-Jobs for Progress National, Inc. JAVIER PALOMAREZ United States Hispanic Chamber of Commerce

2013 HACR COALITION MEMBERS

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AMERICAN GI FORUM OF THE UNITED STATES

NATIONAL ASSOCIATION OF HISPANIC PUBLICATIONS

ASPIRA ASSOCIATION, INC.

NATIONAL COUNCIL OF LA RAZA

CONGRESSIONAL HISPANIC CAUCUS INSTITUTE, INC.

NATIONAL HISPANA LEADERSHIP INSTITUTE

CONGRESSIONAL HISPANIC LEADERSHIP INSTITUTE, INC.

NATIONAL PUERTO RICAN COALITION

CUBAN AMERICAN NATIONAL COUNCIL

NATIONAL SOCIETY OF HISPANIC MBAS

HISPANIC ASSOCIATION OF COLLEGES AND UNIVERSITIES

SER-JOBS FOR PROGRESS NATIONAL, INC.

LEAGUE OF UNITED LATIN AMERICAN CITIZENS

UNITED STATES HISPANIC CHAMBER OF COMMERCE

MANA, A NATIONAL LATINA ORGANIZATION

UNITED STATES HISPANIC LEADERSHIP INSTITUTE

2013 ANNUAL REPORT | HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY

2013 HACR

CORPORATE MEMBERS BENEFACTOR ALTRIA GROUP, INC.

MCDONALD’S CORPORATION

DELL, INC.

TARGET CORPORATION

GENERAL ELECTRIC

TIME WARNER, INC.

INTEL CORPORATION

WELLS FARGO

GENERATIONS AETNA, INC.

GENERAL MOTORS

ANHEUSER-BUSCH COMPANIES, INC.

JOHNSON & JOHNSON

AT&T

KRAFT FOODS GROUP

BANK OF AMERICA

MILLERCOORS

CAESAR’S ENTERTAINMENT, INC.

NORTHROP GRUMMAN

CHEVRON

SODEXO

CHRYSLER

STATE FARM INSURANCE COS.

CITIGROUP, INC.

TOYOTA MOTOR CORPORATION

COMCAST CORPORATION

VERIZON COMMUNICATIONS

CONAGRA FOODS, INC.

THE WALT DISNEY COMPANY

FORD MOTOR COMPANY

ASSOCIATE AARP SERVICES

MANPOWERGROUP INC.

AMERICAN PETROLEUM INSTITUTE

MARSH & MCLENNAN COMPANIES

CISCO SYSTEMS

MGM RESORTS INTERNATIONAL

COMERICA BANK

MICROSOFT CORPORATION

CSX CORPORATION

PEPSICO

DENNY’S

PRUDENTIAL FINANCIAL

DIAGEO

TELEMUNDO

THE HOME DEPOT

UNITEDHEALTH GROUP

ING

UNITED PARCEL SERVICE (UPS)

LOWE’S

WALMART

MACY’S

WYNDHAM WORLDWIDE

HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY | 2013 ANNUAL REPORT

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THE 21ST ANNUAL

HACR SYMPOSIUM:

THE POWER OF HISPANIC INCLUSION ™ The 21st Annual HACR Symposium: The Power of Hispanic Inclusion™ brought together more than 200 of the nation’s most influential Hispanic leaders, government officials, and Fortune 500 corporate executives to discuss and identify effective strategies for achieving greater inclusion and participation of Hispanics in the areas of Employment, Procurement, Philanthropy, and Governance.

Annual HACR Symposium participants.

HACR’s President and CEO Carlos F. Orta and HACR Board Members with Congresswoman Sheila Jackson Lee (D-TX).

Ford’s Joedis Avila with HACR YHCA winners Claudya Arana Sanchez and Jesús Cardoso.

This year’s Annual HACR Symposium featured a

concept of leadership into specific straight-forward

variety of speakers and panelists, including Dr.

practices and behaviors that can be learned by

Barry Posner, eminent scholar and researcher, and

anyone aspiring for a leadership role.

bestselling author of The Leadership Challenge; Arturo Vargas, executive director of the National

“There were lots of opportunities for interaction and

Association of Latino Elected Officials (NALEO); Leslie

I was impressed with the level of enthusiasm, and

Sanchez, award-winning producer of Insider Game;

energy; with the intensity of learning, really wanting

Dr. Jorge Cherbosque, partner, Emotional Intelligence

to make the most of their time with the topics,

and Diversity Institute; and William Arruda, founder

subjects, and concepts, giving serious consideration

and president of Reach, among others.

to application and how they could leverage their skills and abilities to make a difference, and with the

The 2013 Annual HACR Symposium kicked off with

way they treated one another, listening carefully to

a business session featuring Dr. Posner’s engaging

other’s experiences, insights, and suggestions,”

discussion about his book, The Leadership Challenge,

Dr. Barry Posner said. “And, it was fun — people had

and his world-renowned, Five Practices of Exemplary

a positive, can do attitude.”

Leadership® model. The model turns the abstract

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2013 ANNUAL REPORT | HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY

Delivering a lively keynote discussion was Executive

During the Annual Symposium, HACR released

Director of the National Association of Latino

the initial findings of the latest HACR Research

Elected Officials (NALEO), Arturo Vargas. Mr. Vargas

Institute (HRI) study focusing on providing insight into

gave remarks during the Annual HACR Symposium

Hispanic Employee Resource Groups (ERGs) and their

Luncheon, focused on the results of the 2012 Election

development, growth, and continued success. The

Cycle and future political trends as they relate to the

panel was led by Dr. Lisette Garcia, director of the

Hispanic vote.

HRI and featured an array of panelists who shared keen insights of the extensive research study.

New this year, were the two Business Sessions dedicated to C-Suite Roundtables featuring

Also part of the two-day program was guest

executives from companies such as McDonald’s,

favorite, William Arruda, founder of Reach Personal

Northrop Grumman, Quaker Foods North America,

Branding. He said, “HACR is a huge bright spot for

Target, and Wyndham Worldwide. The first panel

me each year and this year was no exception. It’s

featured top female executives who shattered the

a rare privilege to be in the company of so many

glass ceiling at their respective companies and

professional, engaged, motivated, fun, and interesting

throughout their careers, discussing key leadership

people.” “There was enough energy in the room to

best practices that have defined success for them.

power Houston for weeks!” added Arruda.

Following was a panel featuring three top executives who have achieved much success throughout their

The Annual HACR Symposium officially closed with

careers and whose experiences provided them with

an awards ceremony recognizing the Hispanic

unique perspectives to offer.

community’s new generation of corporate executives, the 2013 HACR Young Hispanic Corporate Achievers™ (YHCA) class.

Macy’s Dineen Garcia.

Annual HACR Symposium participants with Marriott’s Apoorva Gandhi.

Dr. Barry Posner.

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2013 HACR

CEO ROUNDTABLE The annual HACR CEO Roundtable was held during the 21st Annual HACR Symposium. The HACR CEO Roundtable served as the main highlight and this year, the event featured three dynamic CEOs: Denny’s Corporation’s John Miller, MGM Resorts International’s James J. Murren, and Telemundo’s Emilio Romano. The discussion centered on each of the participant’s respective companies’ Hispanic inclusion strategies and the role diversity plays at the different levels of their organizations.

Denny’s CEO John Miller, MGM Resorts International’s CEO James J. Murren, Telemundo Anchor and HACR CEO Roundtable Moderator Norma García, and Telemundo President Emilio Romano.

Each CEO shared personal anecdotes and discussed the

Each CEO also had the opportunity to elaborate on

benefits of making a business case for Hispanic inclusion

what diversity and inclusion meant for their company.

at their respective companies.

Denny’s Corporation CEO John Miller said, “the test of true diversity is a test of fairness and equal access to

“Our most important assets are our people…33 percent

opportunity; the test is how dynamic our culture can

are Hispanic. We spend a great deal of time on our

be and the power we can draw from respecting our

diversity initiatives and training, not just from the

differences. In finding the things we have in common

traditional definition of diversity but broad diversity of

we can unite as a very powerful nation. We have done

thought, ideas, and backgrounds” said, MGM Resorts

it better than other places around the globe, but we

International CEO James J. Murren.

haven’t done it well enough, there are still things that we have not learned to solve and it’s evident. And that’s

They also discussed the successes their companies

why symposiums like this are still necessary.”

have had in terms of the advancement of Hispanics.

“NBCUniversal and Comcast are really doing a very good

Noticiero Telemundo 39 anchor Norma Garcia served as

job on diversity. Comcast has the Joint Diversity Council

the event’s moderator for the fifth year. She successfully

which represents the many voices of our employees

engaged the panelists in sharing their personal success

and provides a space for them to offer input on how to

stories; Hispanic consumer market outreach strategies;

continually improve diversity at Comcast,” said President

and best practices for providing diversity.

of Telemundo Emilio Romano.

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2013 ANNUAL REPORT | HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY

2013 HACR

CORPORATE DIRECTORS SUMMIT ™ The sixth annual HACR Corporate Directors Summit™ (CDS) took place in Houston, TX on April 19-21. The Summit hosted over two dozen directors currently serving on corporate boards of Fortune 500 and HACR Corporate Member companies.

Top Row: Fernando Aguirre, Victor Arias, Jr., Donna M. Alvarado, Darren Rebelez, and Luis P. Nieto. Middle Row: Luis Ramirez, Gilbert F. Casellas, Cari M. Domiguez, Patricia Diaz Dennis, Tom Castro, Dr. J. Mario Molina, and Al Zapanta. Front Row: Lu M. Córdova, Patricia Salas Pineda, Aida Alvarez, Jose Luis Prado, Alejandro Silva, Nelson A. Diaz, and Michael Montelongo.

During the three-day summit, directors exchanged

“What a great opportunity to gather with other Latino

views on Hispanic inclusion and explored the challenges

directors who are interested in opening doors in the

and solutions to increasing the number of Hispanics

C-suites of Corporate America,” said Judge Nelson A.

on corporate boards. Participants also had the

Diaz, board member of Exelon Corporation.

opportunity to discuss the development of effective diversity strategies among Fortune 500 companies

Over the course of the weekend, featured speakers

and HACR Corporate Member companies for executive

included: Fernando Aguirre, former president and CEO

leadership and corporate governance.

of Chiquita Brands and board member of Aetna and Levi Strauss & Company, Dr. William Klepper, Columbia

The opening reception was held jointly with the

University, and Ava D. Youngblood and Susan Annunzio

HACR Corporate Executives Forum™. To kick off the

of CEOcraft.

evening, Dr. J. Mario Molina, president and CEO, Molina Healthcare, Inc., one of a few Fortune 500 companies

The closing reception was held at the historic Rice

founded by Hispanics, spoke about the history of the

Hotel, site of President John F. Kennedy’s speech to the

company, founded by his father, and its rise to be a

League of United Latin American Citizens (LULAC) the

leading healthcare company.

night before he was assassinated and where First Lady, Jacqueline Kennedy also spoke before the assembly HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY | 2013 ANNUAL REPORT

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in Spanish. President and CEO of AT&T Mobility Ralph de la Vega gave the keynote address during the closing dinner, which included attendees from all four of HACR’s programs. Nearly 200 guests attended the reception and dinner.

“The 2013 Corporate Directors Summit™ was a very worthwhile event,” said Patricia Salas Pineda, board member of Levi Strauss & Company. “I had the opportunity to meet other experienced and capable Latino corporate directors and to hear from a variety of first-rate speakers.”

MassMutual’s James K. McAndrews and Patricia Diaz Dennis.

Another highlight was Dr. Barry Posner, eminent scholar and researcher, and the bestselling author of The Leadership Challenge. Everyone’s favorite, Dr. William Klepper, Columbia University, once again “held class” as he discussed with the CDS and CEF participants, the HP case study.

The HACR CDS was developed to further the organization’s mission to increase the number of Hispanics serving on corporate boards. The intrinsic knowledge offered by CDS participants allows HACR to better assist its corporate members in advancing Hispanic inclusion on their corporate boards.

Toyota’s Patricia Salas Pineda.

Molina Healthcare’s Dr. J. Mario Molina.

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2013 ANNUAL REPORT | HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY

2013 HACR

CORPORATE EXECUTIVES FORUM ™ This year, the HACR Corporate Executives Forum™ (CEF) celebrated its fifth anniversary in Houston, TX on April 19-21. This unique annual meeting created an open forum for participants to discuss different challenges, share best practices, and exchange business solutions, all while establishing a network of influential peers and also Fortune 500 corporate directors.

Top Row: Alejandro Hernández, Frank Ros, Consuelo Madere, Rudy Beserra, Rafael Díaz-Granados, Joe C. Ponce, David Olivencia, Richard Camejo, David Ruiz, and Rick Ramirez. Middle Row: Luis Vargas, Manuel Martin Alvarez, Jose Avalos, Monica Martinez, Anne Alonzo, Lourdes Díaz, Jennifer Armogan, and Orlando Padilla. Front Row: Carla Piñeyro Sublett, Rocky Egusquiza, Erica Flores, Monica Diaz, Ernesto Felix, Christine Ingrando, Isaura Gaeta, and Lorie Valle-Yañez.

This year, 30 corporate executives participated in

“The best part of the entire experience was meeting

a three-day annual meeting that included several

such engaging, influential, and well respected Hispanic

business sessions ranging in topics from corporate

leaders who are committed to shaping Corporate

governance and executive leadership to the business

America to have greater Latino representation. I look

case for Hispanic inclusion and an in-depth look at

forward to my continued participation in the HACR

the changing landscape of the Hispanic community

CEF program so I can help shape my organization as

in the United States. “This was my first year attending

well,” Ms. Ingrando added.

the HACR CEF program, it was such a rewarding experience. I gained so much from the leadership

The HACR CEF participants enjoyed sessions that

presentations, speakers, and networking opportunities

featured Dr. William Klepper from Columbia University

the forum offered,” said Christine Ingrando, stores

who presented the HP Case Study; as well as a special

regional director for Target Corporation.

presentation by Robert E. Sanchez, president, CEO,

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and board member of Ryder Systems Inc. and board member of Texas Instruments, Inc. “HACR, through its Corporate Executives Forum™, Corporate Directors Summit™, Corporate Achievers Summit, Young Hispanic Corporate Achievers™, the Annual Symposium, and CEO Roundtable, brought together in a span of five days powerful agendas and programs that attract the top Hispanic Leaders in the country,” said Frank Ros, vice president of Hispanic strategies for The Coca-Cola Company. “In these five days, you can engage in a conversation with a Fortune 500 board member; listen to CEOs address questions Target’s Juan Galarraga.

on the Latino market; have constructive dialogue with your peers in Corporate America; share thoughts on critical issues impacting the Latino community with a national Hispanic community leader, or mentor a young professional. There are not many places you can go to and engage with so many talented individuals in such a short time,” he added.

As part of the CEF’s fifth anniversary, the newest members of the CEF Legacy Endowment, Dell, McDonald’s, and UPS, were honored along with the Executive Leadership Council (ELC). ELC’s President and

HACR’s Carlos F. Orta, ELC’s Ron Parker, and LULAC’s Margaret Moran.

CEO, Ron Parker, accepted the award on behalf of ELC and its members.

The HACR CEF was created in June 2008 and modeled after the highly successful and influential programs offered by ELC. ELC is the nation’s premier leadership organization comprised of the most senior AfricanAmerican corporate executives in Fortune 500 companies, representing more than 250 corporations and more than 500 individual members.

Congressman Al Green (D-TX) and NCLR’s Janet Murguía.

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2013 ANNUAL REPORT | HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY

2013 HACR

CORPORATE ACHIEVERS SUMMIT The third annual HACR Corporate Achievers Summit (CAS) was held April 21-22 in Houston, TX. The two-day summit brought together more than 20 past participants of HACR’s Young Hispanic Corporate Achievers™ (YHCA) program and provided them the opportunity to network with previous classes and take part in dynamic discussions centered on leadership development.

Top Row: Edgar Bermudez, Carlos Armando Lora, Noreen L. Gillen, Jason Fernandez, Jose F. Olguín, and Andy Valenzuela. Middle Row: Ben Alvarado, Jorge Balestra, Mauricio Pincheira, Luis Tavárez, and Nestor López. Front Row: Adam Salgado, Tania Calderon, Selene Benavides, Lisa Tenório, Carla Rodríguez, and Miguel Aguilar.

This year, HACR CAS participants had the opportunity

and pride with which I was filled when I left HACR’s

to partake in a leadership development session with

Young Hispanic Corporate Achievers™ program,” said

renowned professor Dr. William Klepper of Columbia

Tania Calderon, director of product, marketing and

University and Dr. Barry Posner, bestselling author of

strategy for Wyndham Vacation Ownership. “The

The Leadership Challenge, an award-winning teacher

program perfectly aligned with my current personal

and educator, and one of the Top 50 Leadership

development needs, and brought me together with

Coaches in America.

the type of inspiring individuals who have broken through barriers and have laid the foundation for

“Through the Corporate Achievers Summit I was able

the next generation to take over the responsibility of

to reconnect with not only fellow Achievers from years

advancing our culture.”

past, but also with that sense of greater purpose

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Another highlight was hearing from the newly

corporate ladder, and many participated in the

appointed President and CEO of Ryder System Inc.,

Annual HACR Symposium.

Robert E. Sanchez, who shared with participants his journey of success, lessons learned along the way, and

“HACR’s Corporate Achievers Summit continues to

the importance of leadership in business.

deliver a great agenda that always leaves you wanting more! Every year I return, I build new relationships that

“The HACR CAS program was an incredible experience

inspire me to continue investing in the community and

for me. I am always open to stretching myself and

mentoring others to do the same. Looking forward

becoming a better leader. The discussions helped open

to this event every year,” said Selene Benavides, chief

my mind to new ideas and avenues for excellence

financial officer & chief operations officer for the

and solving problems,” said Ben Alvarado, senior vice

National Society of Hispanic MBAs.

president of Wells Fargo’s Orange County Community Bank. Mr. Alvarado added, “networking with others

HACR’s newest program, CAS, was launched in 2011 at

whose life experiences mirror mine was motivational.

the request of the HACR YHCA finalists and created

The time I spent at the summit will help me as I

to motivate, empower, and reconnect past HACR

advance in my career and as I help others reach their

YHCA participants. The program provides a support

highest potential.”

network among these executives through leadership development and educational training sessions that

HACR CAS participants also had ample opportunities

use critical thinking, the case study method of learning,

to engage with the attendees of other HACR

and personal accounts from C-Suite executives who

programs for thoughtful conversation regarding

have made it to the top.

Hispanics on corporate boards, moving up the

HACR CAS participants Jorge Balestra and Ben Alvarado.

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Wyndham Worldwide’s Mary Falvey, HACR CAS participant Carlos Lora, and HACR CDS participant and Wyndham Worldwide board member George Herrera.

2013 ANNUAL REPORT | HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY

2013 HACR

YOUNG HISPANIC CORPORATE ACHIEVERS ™ The Hispanic Association on Corporate Responsibility (HACR) honored 33 young professionals at the 2013 HACR Young Hispanic Corporate Achievers™ (YHCA) program in Houston, TX on April 21-23. Now in its seventh year, the HACR YHCA program recognizes talented young professionals from Fortune 500 and/or HACR Corporate Member companies for their exceptional achievements and successful leadership abilities, as well as their ongoing commitment to the Hispanic community. Longtime event sponsor Altria hosted the program once again.

Top Row: Ramiro Lopez, Frank Lopez, Joe J. Pacheco, Janet Velez, Juan Gonzalez, Marcos Briceño, Alejandro Ríos, and Jomo Castro.

Second Row: Omayra L. Padilla, Maria Jose Gatti, J.D. Laboy, Barbara Quiroga, Mariana Fagnilli, Liza-Marie Merida, Carlos Villasana, Jesús Cardoso, and Beatriz Arsuaga. Third Row: Cristina A. Gallo-Aquino, Ramon Rodriguez, Amy Mancilla, Dolores Campuzano, Adriana Coulson, Maria Medrano, Artemio San Martin, and Carrie Ann Quintana. Front Row: Mariely Bandas Franzetti, Edith J. Rincón, Isabel Villegas, Alvaro Silva Vargas, Claudya Arana Sanchez, Velvet Hernandez-Johnson, Alencia DeAnda-Gregg, and Diana Rodriguez.

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Participants gathered for an intensive three-day

“Increasingly, Latinos are demonstrating the positive

leadership development and training program

impact that diversity has on business results. The HACR

where they partook in team-building exercises, group

YHCA program equips young Hispanics with leadership

presentations, challenging panel discussions and

skills that incorporate our unique heritage as a valued

sessions which included topics on: corporate diversity,

differentiator for success professionally and in the

personal branding, and organizational services to

communities we serve,” said Joe Pacheco, services

enhance internal and external collaboration, inclusion,

senior consultant at Dell, Inc.

and leadership.

To qualify for the HACR YHCA Program, candidates “The HACR YHCA has been one of the best leadership

must be between the ages of 25 and 40 at the time

development programs I have attended,” said Maria

the award is received, employed at a Fortune 500 and/

Jose Gatti, director of diversity relations for MGM

or HACR Corporate Member company, of Hispanic

Resorts International. “This program gives participants

heritage, and have a track record of giving back to

an opportunity like no other, from networking to

the communities where they live. Candidates must be

learning and developing new leadership skills. Today, I

nominated by their companies and be able to attend

have become an advocate for the program and I will

the entire program.

ensure that my company is represented every year.”

Launched in 2007, the HACR YHCA Program was Dr. Juana Bordas, president, Mestiza Leadership

developed as a way to recognize the outstanding

International, facilitated the program for HACR

achievements of young Latino professionals in

and was instrumental in its design. In addition, the

Corporate America and further the organization’s

participants heard from Dr. Barry Posner, co-author

vision to increase the number of Hispanics on

of the award-winning and best-selling leadership book

corporate boards. HACR understands that in the

The Leadership Challenge; Dr. Jorge Cherbosque, an

war for talent, Hispanics will lead the charge and

expert in Emotional Intelligence and Diversity from

the program plays a pivotal role in identifying and

UCLA; William Arruda, founder and president of Reach,

recognizing the best and brightest young executives.

and Chip Carlisle, president of the Texas Region of

To date, more than 500 candidates have been

Wells Fargo.

nominated and more than 200 have been selected as HACR YHCAers.

Miller Coors HACR YHCA winners Beatriz Arsuaga and Isabel Villegas with HACR President and CEO Carlos F. Orta.

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HACR YHCA speakers Dr. Juana Bordas and William Arruda.

2013 ANNUAL REPORT | HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY

2013 HACR

EVENT GALLERY

Target’s Michael Scrafford, Jodee Kozlak, and Kim Strong.

NALEO Executive Director Arturo Vargas.

Altria’s David Hernandez.

Dr. Jorge Cherbosque.

Ryder System Inc.’s President and CEO Robert E. Sanchez.

HACR YHCA participants Juan Gonzalez and Carlos Villasana.

HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY | 2013 ANNUAL REPORT

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2013 HACR

EVENT GALLERY

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HACR program participants.

AT&T Mobility President and CEO Ralph de la Vega.

2013 HACR YHCA participants.

HACR President and CEO Carlos F. Orta, McDonald’s Adam Salgado, and LULAC President and CEO Margaret Moran.

MGM Resorts International CEO James J. Murren with HACR YHCA participants Dolores Campuzano and Maria Jose Gatti.

Latina Style’s Robert Bard and Lupita Colmenero and MillerCoors’ Jose Ruano.

2013 ANNUAL REPORT | HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY

ABOUT THE HACR

RESEARCH INSTITUTE The HACR Research Institute (HRI) is the research arm of HACR and is devoted to objective research, analysis, and publication of Hispanic-related issues in Corporate America. The goal of the HRI is to assess current trends and stimulate discussion on Hispanic inclusion in Corporate America.

Through the HRI, HACR publishes annual studies on the state of the Hispanic community and corporate best practices in employment, procurement, philanthropy, and governance along with the HACR Corporate Inclusion Index. The research institute also publishes the Corporate Governance Study, and other independent studies conducted internally and through partnership with other leading advocacy organizations. By providing information on the status of Hispanics in Corporate America, HACR can focus on issues relevant to Hispanics and investigate solutions to the inequity that exists.

2013 HISPANIC EMPLOYEE RESOURCE

2013 HACR CORPORATE INCLUSION INDEX

GROUP STUDY

The HACR Corporate Inclusion Index (CII), a

The HACR Research Institute’s first Hispanic

component of HACR’s Corporate Accountability

Employee Resource Group (ERG) study, funded by

Strategy, takes a comprehensive measurement

AARP and launched in late 2012, was created to

of Hispanic inclusion at Fortune 100 companies

benchmark Hispanic ERGs and ascertain what’s

and HACR Corporate Member companies by

driving their growth, highlight best practices,

focusing on HACR’s four pillars of corporate social

and identify current and future challenges. Two

responsibility and market reciprocity. “On behalf of

dozen Fortune 500 companies participated in the

HACR’s Board of Directors, we congratulate all of

Institute’s groundbreaking study which captures

the participants of this year’s HACR CII. Increased

insights from Human Resources (HR) departments,

participation and greater transparency have

ERG members and leaders, as well as their executive

enabled HACR to better assess how Hispanics are

sponsors and champions. Only HACR Corporate

faring along our four pillars,” said Dr. Lisette M.

Members were eligible to participate.

Garcia, director, HACR Research Institute. “Though there is still much work to be done, the significance

2013 CORPORATE GOVERNANCE STUDY

of the trends we have seen show us Hispanics have

Since 1993, HACR has produced research on

become an increasingly important consumer

corporate governance and the 2013 HACR Corporate Governance Study (CGS) marks almost 20 years of little progress for Hispanic inclusion on corporate boards. The HACR CGS measures

segment and workforce talent pool that Corporate America must recognize as key to renewing an aging labor force and essential to preserving market position.”

Hispanic inclusion in the C-Suite and boardrooms in Fortune 500 companies.

HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY | 2013 ANNUAL REPORT

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2012 HACR

FINANCIALS For more than 26 years, the Hispanic Association on

The financial statement presentation follows the

Corporate Responsibility has worked to advocate

recommendations of the Financial Accounting

for Hispanic inclusion in Corporate America

Standards Board in its Statement of Financial

at a level commensurate with its economic

Accounting Standards (SFAS) No.117, Financial

contributions. Through established national

Statements for Not-for-Profit Organizations. Under

initiatives, to help us complete our mission, HACR

SFAS No.117, the association is required to report

provides necessary resources for Hispanic leaders,

information regarding its financial position and

corporate directors, and top corporate executives

activities according to three classes of net assets:

to gather informational knowledge and work

unrestricted net assets, temporarily restricted net

toward the advancement of Latinos from the

assets, and permanently restricted net assets.

boardrooms to the C-suites.

Funding that is restricted by the donor is reported Among the organization’s signature programs are

as an increase in temporarily or permanently

the Annual HACR Symposium: The Power of Hispanic

restricted net assets, depending on the nature of

Inclusion™, the HACR Corporate Directors Summit™,

the restriction. When a time restriction expires or

HACR Corporate Executives Forum™, the HACR

a purpose restriction is met, temporarily restricted

Corporate Achievers Summit, and the HACR Young

net assets are reclassified to unrestricted net assets

Hispanic Corporate Achievers™. Through the HACR

and reported in the statement of activities as net

Research Institute, we work throughout the year

assets released from restrictions.

to conduct and publish objective research findings related to Hispanic inclusion in Corporate America.

In 2012, HACR’s major source of revenue was corporate contributions. The association follows the accrual method of accounting, whereby revenues are recognized when earned and expenses are recognized when incurred.

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2013 ANNUAL REPORT | HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY

2012 HACR

STATEMENT OF FINANCIAL POSITION*

REVENUES & SUPPORT Membership $1,066,000 Symposium & Conferences $322,800 Leadership & Education $1,071,740 Research & Publications $20,000 In-Kind Contributions $20,000 Interest and Other Income $14,362 TOTAL REVENUE & SUPPORT $2,514,902

5.00%

6.00%

EXPENSES

12.00% 41.00% 7.00%

29.00%

Symposium & Conferences Leadership & Education Research & Publications Membership Services Board Services General & Administrative TOTAL EXPENSES

CHANGE IN NET ASSETS FROM OPERATIONS

$832,419 $590,727 $137,884 $242,456 $96,905 $116,957 $2,017,348 $497,554

*This information was taken from HACR’s 2012 audited financial statements for the year ending December 31, 2012

HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY | 2013 ANNUAL REPORT

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