STA Law Firm has a team of settlement experts to represent secured creditors, debtors, trustees, equity holders and suppliers....
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Read more informationIn today’s competitive business environment the mining industry is becoming a very attractive option for foreign investors. New projects are being launched, but we can appreciate that foreign investors will find the mining industry......
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Read more informationSTA's lawyers in UAE specialize in all areas of contentious as well as non-contentious discipline in oil and gas industry and advice on both upstream and downstream work. Consult one of our Senior Energy Lawyers in Dubai or other offices today!...
Read more informationCombining variety of practice disciplines to provide extensive advice and counsel to clients, STA’s FMCG practice represents companies in a broad range of industries including large scale franchisors, Fortune 250, and multinationals ...
Read more informationShipping and Maritime Law Firm - UAE, Middle East, Asia and Europe. Expert advice on ship building, ship fiance, sale and purchase, compliance, due diligence and more. Our lawyers advice on all types of vessel including bulk carriers, tankers, cruise ships, offshore rigs and support vessels....
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Read more informationMandating Gender Equality in UAE’s Boardrooms
The UAE has prioritized gender equality in order to achieve its intended goal of a growth plan that is inclusive, sustainable, and balanced. To this note, it has been steadfast in introducing policies that implement greater female representation at the workplace.
Further, under Articles 9(3) and (4) of Securities and Commodities Authority’s (SCA) Decision No. (03 R.M.) of 2020, it was mandated that there must be a 20 % female representation on the board of directors of a Public Joint Stock Company (PJSC). This area has since been further supplemented by the SCA Board Resolution No. (08/R.M) of 2020 which now makes mandatory to appoint at least one female member to all UAE based boardrooms.
Notably, these reforms have had a positive impact on addressing gender diversity issues within boardrooms, while emphasizing on the need to have different perspectives in the decision-making process, to aim for a more balanced growth regime.
Finally, the UAE has also reaffirmed and recognized its urgency towards achieving its gender diversity goals across all workplaces. To this note, the SCA on April 1st 2020, released implementational guidelines and penalties under Article (82) of the Governance Code to implement increased female representation in the immediate short term