Tuesday 22 May 2018

Dubai Women Establishment signs MOU with DFC

DUBAI, April 16, 2017

Dubai Women Establishment has signed a Memorandum of Understanding (MoU) with Dubai Financial Market (DFC) to enhance women’s participation on the boards of listed companies.

The MoU was signed by Mona Al Marri, chairperson of the board of Dubai Women Establishment and Essa Abdulfattah Kazim, chairman of Dubai Financial Market (DFM).

The agreement will enable both parties to exchange knowledge and expertise, as well as boost the professional development of women in the financial sector within an aim to encourage more women to take up decision-making positions.

Al Marri said: “This partnership reflects the commitment of Her Highness Sheikha Manal bint Mohammed bin Rashid Al Maktoum to support women’s economic empowerment by enhancing their participation at work. Working with DFM will further boost the Dubai Women Establishment’s pioneering initiative “Women in Boards” that aims to enhance the presence of Emirati women on the boards of listed companies; as well as contribute to achieving UAE’s target of 20% female presence in corporate boardrooms of listed companies by 2020.”

“Promoting Emirati women’s participation in the business world and enabling them to excel as effective decision makers are top priorities. We are confident that the agreement will facilitate an increase in the number of females in leadership roles and on boards, leading to a positive impact on companies’ performances and contributing to the continued development of UAE’s economy,” Al Marri added.

“DFM is delighted to collaborate with Dubai Women Establishment in strengthening the role of women in various sectors and particularly on Boards of Directors of DFM-listed companies. These efforts stems from the national strategy and directions of the wise leadership regarding gender balance and paving the way to strengthen the presence of UAE women,” Kazim said.

“UAE women have always been actively participating in various businesses and the legacy of their participation in traditional activities in the past has certainly created a strong foundation for today’s achievements,” Kazim said.

“The wise leadership constantly emphasizes empowering women and due to this support, UAE women have surpassed their counterparts in the region in terms of not only education, government work and management of private and family businesses, but also occupying ministerial and parliamentary top jobs.

“DFM is looking forward to collaborate with Dubai Women Establishment in order to achieve a stronger presence of women on Boards of Directors over the coming period. We aim to build upon DWE’s diversified database that includes women from various sectors to provide publicly listed companies the opportunity to engage larger number of women as Board members.

In fact, DFM has always been committed to empowering women. Most of DFM Boards of Directors included women members since the inception and females represent 60 per cent of its workforce. Similarly, we look forward to see a stronger presence of women on the Boards of Directors of various listed companies in the future,” Kazim concluded.

The MoU stipulates that the two parties will support the ‘Women in Boards’ initiative and cooperate in implementing programmes designed to increase the number of women in higher positions across the listed companies. It aims to help women become effective leaders and positively engage them in the business world, so they can contribute to the national development by means of joint activities, awareness drives, educational campaigns, agreements and research and database exchange. – TradeArabia News Service

Tags: MoU | DFC |

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