Adele Hart’s Post

#Highlight_the_Key_points, 1. The Ministry of Economy mandates private joint-stock companies in the UAE to allocate at least one board seat for #women after the current board's term ends. 2. This decision is part of a broader strategy to enhance diversity and increase women's representation in #leadership roles. 3. The initiative aligns with the UAE's efforts to improve its global competitiveness #rankings and commitment to empowering women. 4. Ministerial Resolution No.137 of 2024 follows a similar initiative previously applied to #PJSC public joint-stock companies, which positively impacted institutional performance and economic outcomes. 5. Abdullah bin Touq Al Marri, Minister of Economy, emphasized the UAE's dedication to #genderbalance, especially in economic development and leadership roles. 6. The decision is expected to enhance the performance of private companies by utilizing the insights of successful businesswomen. 7. H.H. Sheikha Manal bint Mohammed bin Rashid Al Maktoum has played a pivotal role in increasing women's #participation through initiatives like the "Women on International Boards" program and the "#SDG_5_Pledge." 8. Mona Ghanem Al Marri highlighted the collaboration between the Ministry of Economy and the UAE Gender Balance Council, #stressing the decision's impact on advancing gender balance. 9. The implementation of the decision will begin in January 2025, urging companies to plan for future #board_restructuring. 10. In 2021, public joint-stock companies in Abu Dhabi and Dubai were also mandated to have at least one woman board member, reinforcing the UAE's vision of #empowering_women in leadership positions.

Women in Middle Eastern Boardrooms: Just a Mandate or Real Change? The UAE’s decision to require women on corporate boards is making waves. Sure, having more women in leadership sounds great, but does one seat at the table drive real change in industries like energy, where men have dominated for decades? McKinsey research shows that gender-diverse boards make better decisions and see up to 25% higher profitability. The UAE has made huge strides in women’s empowerment, from education to leadership roles. The recent appointment of Fatema Al Nuaimi as CEO of ADNOC LNG and Tayba Al Hashemi as CEO of ADNOC Offshore shows that change is happening at the highest levels in energy. Have you witnessed genuine power shifts in your workplace, or you think its just window dressing? 🤔 #DiversityInLeadership #WomenOnBoards #UAEWomenEmpowerment #EnergySector #LeadershipTransformation #GCCWomenLeaders #CorporateDiversity #WomenInBusiness #BoardroomChange #InclusionMatters

Exciting news from the UAE! The Ministry of Economy has announced a groundbreaking decision: Starting January 2025, private joint-stock companies must allocate at least one board seat to women. This progressive move aligns with the UAE's vision to: • Enhance gender balance in the private sector • Empower women in business • Increase female representation in leadership roles Why it matters: - Promotes innovation and better decision-making - Improves financial performance - Creates a more inclusive work environment - Better serves diverse customer bases As HH Sheikh Mohammed bin Rashid Al Maktoum has emphasized, empowering women is crucial for sustainable development and global competitiveness. #WomenInLeadership #GenderEquality #UAEBusiness #BoardDiversity #Innovation

The UAE is Supporting Women in Leadership Roles! 🤩 It was announced this week that, in the UAE, privately owned companies are now required to appoint at least one woman to their board of directors, as mandated by the Ministry of Economy. Read more here! ⬇️ #disruptingthefuture #womeninleadership #uae

Importance of Women In Middle East: It is a Great Opportunity for All Middle East Countries- The King - The Royal Gamiky to pass on This message Respect for Women & Their Education is As Important as Men Education “ Nation Building Starts with Greater Respect For Women of All Ages and This should Start from Royal Families to Lower Category of Residents + Citisens:

Women in MENA have achieved remarkable progress in the last few decades. This progress results from the rapid economic and social transformation in the region, particularly in the GCC countries, where national development strategies and policies have been instrumental in integrating women into the workforce. Take a look at the latest report from #pwcmiddleeast on what employers can do to facilitate transition back into the labour market and benefit from their potential. https://lnkd.in/dKZRbw9a

"UAE Introduces New Gender Diversity Mandate for Private Joint-Stock Companies." The UAE's Ministry of Economy has announced Ministerial Resolution No. 137 of 2024, requiring all private joint-stock companies to allocate at least one board seat for women, effective January 2025. This initiative aims to enhance gender diversity and strengthen global competitiveness across sectors. This follows the successful 2021 mandate by the Securities and Commodities Authority (SCA), which required public joint-stock companies on the Abu Dhabi and Dubai stock exchanges to have at least one woman on their boards. Extending this requirement to private companies marks a significant step toward increasing women's representation in leadership roles. H.H. Sheikha Manal bint Mohammed bin Rashid Al Maktoum, President of the UAE Gender Balance Council, has been a driving force behind these initiatives, aiming for women to hold 30% of leadership roles by 2025. As private joint-stock companies prepare for this change, they are encouraged to integrate this requirement into their board restructuring efforts, promoting a culture of inclusivity. This move aligns with the UAE's sustainable development goals and reflects a commitment to improving corporate governance standards while fostering economic progress. Let’s work together to create a more diverse and equitable corporate landscape in the UAE! #GenderDiversity #Leadership #UAE #CorporateGovernance #SustainableDevelopment

according to the report by Catalyst, companies with higher gender diversity are 21% more likely to experience above-average profitability. However there are only 41 out of the world's 500 biggest businesses being led by women CEOs. Recognizing the untapped potential within society, the Association of Chartered Certified Accountants (ACCA) and the Oman of Chartered Public Accountants (OACPA) recently organized the 'Women In Finance: Stories from the Top' event in Muscat, Oman. Empowering women in finance and leadership roles has a broader impact on society. Women reinvest up to 90% of their income back into their families and communities, compared to 30-40% for men. Read here to know more. #Oman #MENA #womeninmena #Catalyst #CharteredAccountants #finance #business #womenempowerment #leadership #leadershipprogrammes #organisationinitiatives #businessinitiatives #initiatives #strategy # oacpa om Fazeela Gopalani Ralph KHOURY Sabrina Al Bakri Maha Mohammed Alhabsi https://lnkd.in/e8RY6tZu

Saudi Arabia’s Vision 2030 is a paradigm shift from a public sector-driven economy to one the state intends will be driven by the private sector as the main engine for economic growth and job creation. #Vision2030 has created opportunities for U.S. companies across industry sectors – particularly vis-à-vis the giga-projects (NEOM, Qiddiya, Amaala, Red Sea, and Diriyah Gate) – as well as in defense, ICT, renewable energy, mining and minerals, health, education, infrastructure, entertainment, and tourism.  Join our upcoming webinars May 22nd & June 12th to learn more about opportunities in Saudi Arabia, as well as our trade mission, December 8-9. More information about the mission may be found here: https://lnkd.in/e4Q-HWQn #GDEI #WomenInBusiness #SaudiArabia #ExportsWin

Saudi Arabia's Vision 2030 includes a significant focus on increasing women's participation in the workforce, aiming to raise it to 30%. This initiative reflects a broader socio-economic transformation within the country, emphasizing women's empowerment and integration into various sectors of the economy. The implementation of Vision 2030 has led to a remarkable increase in female labor force participation, which surged from 20% in late 2018 to 33% by the end of 2020. This increase represents a 64% growth in just two years, indicating a substantial shift in the country's approach to women's employment. The rise in women's workforce participation in Saudi Arabia has been facilitated by a combination of legal reforms and educational empowerment. The World Bank's 2020 and 2021 "Women, Business and the Law" reports highlight Saudi Arabia as a top country for implementing reforms related to women. These reforms have made significant strides in creating a more inclusive and equitable environment for women, addressing gender stereotypes and biases that have traditionally hindered women's advancement in the workplace. Educational reforms have also played a critical role, removing barriers and aligning students' qualifications with available career opportunities, thereby encouraging women to aspire to leadership roles within their chosen fields. Overall, the Kingdom's focus on women's empowerment and workforce participation is a pivotal aspect of its Vision 2030 plan, contributing to the country's socio-economic transformation and setting an example for gender equity reforms in the region. Want to know more? Visit www.cultureapodcast.com and follow cultureA Podcast now. #Vision2030 #WomenInBusiness #WomanEmpowerment