UAE listed companies must have at least one female board member

Dubai - The move, an amendment of a previous decision by the authority’s board, is in the context of keenness to empower Emirati women and encourage them to play a greater role in the boards of directors of listed companies



Women sit on the boards of 28 of the 110 listed companies in the UAE, but only make up 3.5 per cent of all board positions. — File photo
Women sit on the boards of 28 of the 110 listed companies in the UAE, but only make up 3.5 per cent of all board positions. — File photo

By Reuters

Published: Mon 15 Mar 2021, 5:39 PM

Listed companies in the UAE must have at least one woman on their board of directors, the Securities and Commodities Authority (SCA) said.

The move, an amendment of a previous decision by the authority’s board, is “in the context of keenness to empower Emirati women and encourage them to play a greater role in the boards of directors of listed companies,” the SCA said in a statement on Sunday.

Women sit on the boards of 28 of the 110 listed companies in the UAE, but only make up 3.5 per cent of all board positions, according to Aurora50, a UAE-based social enterprise working towards increasing female representation on boards. — Reuters


More news from Markets