HACR Best Practices Study To Address Hispanic Underrepresentation in Corporate America's Workforce; O'Neill To Speak at Symposium

6/14/2002

From: Ivonne Cunarro of the Hispanic Association on Corporate Responsibility, 202-835-9672 e-mail: icunarro@hacr.org

News Advisory:

To address the under-representation of Hispanics in the private sector's workforce, the Hispanic Association on Corporate Responsibility (HACR) will be releasing its first-ever study on best practices in the employment of Hispanics in corporate America. The study will be issued during HACR's 10th Annual Symposium, at the Ritz-Carlton New York, Battery Park, in New York City, June 17-18.

U.S. Treasury Secretary Paul O'Neill will deliver a keynote speech during the symposium's dinner in honor of Hispanic board members of Fortune 500 companies, on June 18. Codina Group Inc. Chairman and CEO Armando M. Codina, who also serves on the board of General Motors Company as well as four other Fortune companies, will also speak that evening. In addition, Equal Employment Opportunity Commission (EEOC) Chair Cari M. Dominguez will deliver a keynote speech during the symposium's luncheon.

The study, entitled "HACR Corporate Best Practices: 2002 Hispanic Workforce," identifies successful models to improve Hispanic representation at all levels of the workforce, which are being implemented by some of the largest companies in the nation. Although Hispanics represent 10.3 percent of the private sector workforce, they represent only 4.5 percent of all official and managerial positions, and 3.8 percent of all professional positions, according to 2000 statistics from the EEOC. The findings of this study will be discussed during the session, "Employment Best Practices: Adding to the Bottom Line."

In addition, HACR will release another major publication, "Hispanics Today 2002," which includes research studies on the Hispanic consumer market, among other issues. The symposium brings together 300 of the nation's most influential Hispanic leaders, government officials and corporate executives. Established in 1986, HACR's mission is to advance Hispanic inclusion in all of corporate America's economic activities. The HACR coalition represents the interests of the 42.6 million Hispanics in the United States, including Puerto Rico.

WHAT: HACR's 10th Annual Symposium

WHEN: -- Monday, June 17, 2002 Reception and 1st Art Exhibit by Hispanic Painters, 6-8 p.m. -- Tuesday, June 18, 2002 Harnessing the Power of Media, 9:15 -10:30 a.m. The Role of Capital Markets in Achieving Inclusion, 10:45 a.m.-12:15 p.m. Luncheon with EEOC Cari M. Dominguez, 12:30 - 2 p.m. Maximizing Opportunities in the Burgeoning Hispanic Market, 2:15 - 4 p.m. Employment Best Practices: Adding to the Bottom Line, 4:15 - 5:45 p.m. Honoring Hispanic Fortune Board Members Dinner, 7 - 9:30 p.m. -- Keynote Speaker: U.S. Treasury Secretary O'Neill -- Guest Speaker: Armando Codina, Chairman Codina Group and Board Member of GM

WHERE: Ritz-Carlton New York, Battery Park, Two West Street, New York