The Ministry of Economy has mandated that all privately-owned companies in the United Arab Emirates must have at least one woman as a member of their board of directors. This must be done after the completion of the current term of any company’s board.
In a statement, the Ministry said, “This decision is a vital component of the nation’s broader strategy to enhance diversity in the corporate sector and increase women’s representation in leadership roles.”
“Aligned with the UAE’s efforts to raise its global competitiveness rankings, the initiative demonstrates the leadership’s unwavering commitment to empowering women, ensuring they play a vital role in the country’s sustainable development,” the statement added.
The decision will be implemented from January 2025 when private joint-stock companies will have to ensure that at least one woman is given a seat at the board.
