The “Emirates Council for Gender Balance”, in cooperation with the “Hawkamah Institute”, organized a training workshop through visual communication technology, on the contents of the “Guidance for Women’s Candidacy and Entry into Boards of Directors”, as part of the country’s efforts to enhance the role of women in leadership positions and decision-making centers. This includes increasing their representation in the boards of directors of the public and private sectors.
The symposium was attended by 26 Emirati leaders, with the rank of Undersecretary, Under Secretary of the Ministry of Assistant, and Executive Director of the Federal Government, and presented by Dr. Ashraf Jamal Al-Din, CEO of the “Hawkamah” Institute for Corporate Governance, affiliated to the DIFC Authority, where he introduced governance and its relationship to the Board of Directors, and the types of Its councils, the extent of the effectiveness of each of them, the incentives for women to enter them, and the impact of this on their performance and on the institutions and the economy in general.
At the beginning of the seminar, Shamsa Saleh, Secretary General of the Council, welcomed the participants, indicating the goal of developing this guide. It commended the leadership’s support for the gender balance file.
She said, “Today, the UAE is ranked 18th globally and first in the Arab world in the 2020 edition of this important global report, after it was ranked 49th in the world in 2015, which is a new global achievement that is added to the country’s various achievements, and it is the fruit of our wise leadership of women’s support, encouragement and success of legislation, initiatives and sustainable policies And thanks to the patronage she receives from Her Highness Sheikha Fatima bint Mubarak, President of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, Supreme Chairperson of the Family Development Foundation, and the wife of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, Her Highness Sheikha Manal Bint Mohammed bin Rashid Al Maktoum, President of the Emirates Council for Gender Balance, Chairperson of the Dubai Women’s Foundation, and as a result of concerted efforts and cooperation between ministries and government agencies, and the policies and measures that support it have applied to gender, so that the gender balance in it has become a sustainable institutional work. ”
Women and leadership positions
Shamsa Saleh added, “Based on the council’s objectives, he worked, under the directives and direct follow-up of Her Highness Sheikha Manal Bint Mohammed, on a number of projects and initiatives, including the“ guidebook ”because of her representation in boards of directors of many benefits for institutions, companies, government and private agencies, and the economy in general.
Boards of Directors and Governance
The two-day workshop dealt with issues raised by Dr. Jamal Al-Din, related to the importance of having the values of governance, accountability and transparency in any institution and the relationship between governance and boards of directors. Pointing out that Hawkamah Institute, which is a non-profit institution, works, by spreading the basic values of transparency, justice, trust and responsibility, to influence policies and work systems that reform governance systems in the region, develop markets and stimulate growth and foreign direct and indirect investment.
He touched on the percentage of women present in boards of directors in a number of countries and the efforts made in the Emirates to raise this percentage. Pointing out that the continuous success of women and their distinction in various vital fields and positions is a strong motivation for their joining and participation in the boards of directors. He said that studies have confirmed that the presence of women on boards of directors enhances the financial performance of companies.