UAE Mandates for Private Joint-Stock Com. to have atleast 1 Woman on Board

By: GWL Team | Thursday, 19 September 2024

The United Arab Emirates (UAE) has made a decision of making it compulsory for the country’s private joint-stock companies to offer no less than one seat for females on their board of directors after completing their current term of the board.

Minister of Economy Abdulla bin Touq Al Marri stated that this particular decision has been made with an intent to boost the vision of UAE for enhancing gender balance as well as empowering women serving in the business sector. It will increase these women’s presence in roles like leadership and decision-making ones. The ministry declared about the implementation of this decision i.e., January 2025 and expected the private joint-stock companies of the country to issue this requirement in their next board structure.

This particular initiative shall serve as a vital step towards the broader strategy of the nation for the enhancement of diversity in the realm of corporate, increasing the representation of women in leadership roles, as per Abdulla bin Touq. It is a forwarding step towards the betterment of women in UAE which will balance out the economy and help females to get along with the corporate landscape without having the feeling of being outnumbered.

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