UAE makes women on board compulsory for private joint-stock companies from 2025
Abdulla bin Touq Al Marri, Minister of Economy, asserted that the decision gives a boost to the UAE's vision to enhance gender balance, empowering women in the business sector, and increasing their presence in leadership and decision-making roles.
The United Arab Emirates made it compulsory for inner most joint-stock companies worldwide the u.s. of the U. S. to present no longer not as much as one seat for ladies on their boards of directors after the completion of the present board’s term.
The United Arab Emirates’ Ministry of Economy declared that the implementation of this decision will start off in January 2025 and urged the non-public joint-stock companies to factor this requirement into their future board restructuring plans.
This decision is being seen as a significant step of the nation’s broader way to raise diversity worldwide the corporate sector and enlarge women folk’s representation in leadership roles, the Ministry announced on Wednesday.
The Ministerial Resolution 137 of 2024, which addresses the regulation of non-public joint-stock companies’ governance and operations, follows an identical initiative in the past applied to public joint-stock companies, it said, adding, the earlier decision has already yielded positive results, enhancing institutional performance and economic outcomes.
Abdulla bin Touq Al Marri, Minister of Economy, asserted that the decision gives a boost to the UAE’s vision to raise gender balance, empowering women folk worldwide the business sector, and extending their presence in leadership and decision-making roles.
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