In a positive step towards gender equality, the United Arab Emirates has introduced a new mandate requiring all listed joint-stock companies to have at least one female director on their boards, aligning with global efforts to enhance gender diversity.

The decision, which was confirmed during a Sunday meeting of the Securities and Commodities Authority, was reported by The National newspaper, citing the market regulator.

“We previously used to accept explanations if there wasn’t compliance, but now we are moving to make female representation compulsory,” the regulator’s Chief Executive Officer Obaid Saif Al Zaabi was quoted as saying by The National. “So now there must be at least one female member on the board of any listed company.”

In addition, the UAE’s central bank has partnered with Aurora50, a firm dedicated to achieving gender-balanced boardrooms, to increase female representation on the boards of both public and private companies in the country.

A Transformative Step in Business within the UAE

The UAE’s decision to mandate at least one female director on the boards of all listed companies marks a transformative step in the business world of the UAE toward greater gender equality in corporate leadership.

This policy not only aligns with global efforts to boost female representation but also reflects the country’s commitment to closing the gender gap in business.

Already recognized for its progress, the UAE ranked seventh globally and first regionally in the 2024 Gender Inequality Index.

This new requirement will further enhance its reputation as a leader in promoting gender balance. By ensuring women have a seat at the decision-making table, the UAE is setting a powerful example in the region and driving meaningful change for a more inclusive corporate landscape.