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Sun 8 Mar 2020 05:18 PM

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UAE launches '20 for 2020' to drive gender balance at board level

Abu Dhabi National Oil Company to select first two participants

UAE launches '20 for 2020' to drive gender balance at board level

The programme is in line with the objectives of the Dubai Women Establishment to increase female representation on corporate boards to 20 percent within 2020. Image: ITP Media Group

The UAE has launched the '20 for 2020' initiative aimed at driving gender balance at board level.

Twenty women will have the opportunity to take part in a year-long professional development course while they gain board-level experience.

The programme is in line with the objectives of the Dubai Women Establishment to increase female representation on corporate boards to 20 percent within 2020.

The first partners of the ‘20 for 2020’ initiative include the Abu Dhabi National Oil Company (ADNOC), who will select the first two participants. The remaining 18 places on the programme will be reserved for future partners, who will make their own selection.

Abu Dhabi Global Market, Dubai Future Foundation, Egon Zehnder, Fidelio Partners, INSEAD Corporate Governance Centre, Hawkamah Institute for Corporate Governance and Nasdaq Dubai were all named ‘Founding Knowledge Partners’.

Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, co-founder of ‘20 For 2020’, said: "This initiative is about creating a pathway which enables inclusiveness and creates opportunities.

"By placing more women into board positions we’re enriching the perspective of boardrooms across the UAE, and thus creating a work environment where business operations have an opportunity to perform optimally.

"By championing equality and ensuring balanced representation on boards, we can create a culture of diversity that is essential in combatting groupthink and driving competitiveness."

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