Listed companies in the UAE now need to have at least one female director on their boards, according to the Securities and Commodities Authority.
The requirement for all companies on local markets came into force following a board meeting on Sunday by the market’s regulator.
The UAE’s markets must be elevated “to meet the highest global standards”, the head of the SCA’s board and Minister of Economy Abdulla Bin Touq said in a statement.
This “is a priority for the SCA and its board during the coming period and we will work with all partners to enhance the local investment environment and support its legal infrastructure to meet the UAE Vision 2021 and the targets of the next 50 years”, Mr Bin Touq added. (The National)
