UAE Mandates Women’s Representation on Private Joint-Stock Company Boards

The UAE Ministry of Economy has issued a significant directive requiring private joint-stock companies to allocate at least one seat for women on their boards of directors.

This move, to be implemented from January 2025, is part of the nation's broader strategy to enhance diversity and strengthen women's leadership roles across sectors.

Ministerial Resolution No. 137 of 2024 follows a similar initiative applied to public joint-stock companies, which has already improved institutional performance and economic outcomes. The decision aligns with the UAE's vision to raise global competitiveness while promoting gender equality in business.

Abdullah bin Touq Al Marri, Minister of Economy, emphasized the government's commitment to empowering women in economic development.

"Women have consistently proven their capabilities and are indispensable partners in the UAE’s economic growth,"

he stated, highlighting the value that female leadership brings to private companies.

The decision complements ongoing efforts led by H.H. Sheikha Manal bint Mohammed bin Rashid Al Maktoum, President of the UAE Gender Balance Council, to increase female participation in leadership roles to 30% by 2025. Initiatives such as the "Women on International Boards" program have been instrumental in advancing gender balance.

Mona Ghanem Al Marri, Vice President of the UAE Gender Balance Council, praised the ministry’s collaboration, calling the directive a transformative step toward comprehensive economic growth and gender equality.

By extending the mandate to private joint-stock companies, the UAE continues to strengthen its position as a global leader in gender balance and corporate governance.

News Source: Emirates News Agency