ABU DHABI, 22nd September / WAM/ Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, co-founder of “Aurora 50”, confirmed that the UAE, over the past fifty years, has continued its leadership of the economic development process in the region, which has led to stimulating the transformation towards an economy based on business blocs. Significant progress has been made in establishing innovative and sustainable industries.
This came during the second annual summit of the boards of directors, which was launched on September 20, organized by “Aurora 50” and under the patronage of Sheikha Shamma bint Sultan bin Khalifa Al Nahyan. and expertise to add value to boardroom discussions.
Sheikha Shamma added: “As we chart our path for the next fifty years, supporting women and empowering them to occupy positions in administrative boards will have a key role in building and prospering the economy that contributes to the progress of the region. Ensuring diversity in our boards of directors in line with the national framework for sustainability is It is imperative to develop a well-designed circular economy, capable of inspiring other nations.
At the end of the event, Sheikh Zayed bin Sultan bin Khalifa Al Nahyan, Vice Chairman and CEO of Falcon Aviation and President of Emirates Ships Investment Company, attended an exclusive meeting in Dubai on behalf of Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, coinciding with the activities of the summit with a group of elite The heads of the administrative councils to discuss ways to speed up the gender balance in a way that benefits the national economy of the United Arab Emirates.
For his part, His Excellency Abdullah bin Touq Al Marri, Minister of Economy, one of the main speakers at the summit, stressed the importance of the role played by the Board of Directors Summit as a platform for change in light of the priority that the UAE attaches to achieving the principles of gender equality.
His Excellency said: “The great strides made by the UAE in the field of women’s empowerment globally and in the region can be attributed to our country’s firm belief that women and men are equal partners in the development process.”
He stressed that the UAE has launched many initiatives over the past decades to increase the participation of women in the boards of directors of companies, federal bodies and institutions, and they are now playing a key role in shaping the future of the nation.
He also stressed that this summit will achieve wide-ranging positive benefits, not only in terms of improving the performance of councils and companies, but also in stimulating national economic growth and increasing women’s social and economic participation.
The outcomes of the summit included the announcement by Abu Dhabi Ports and Aurora 50 of their collaboration to create a first-of-its-kind business accelerator to support Emirati women’s access to leadership opportunities.
ADNOC announced its sponsorship of a new research project that will be conducted by the Mohammed Bin Rashid School of Government in cooperation with Arora 50 to explore ways to maximize opportunities for women, and to identify the possible factors that helped women who were already able to join corporate boards. The results of the study will be released during the next year.
During the summit, Arora50 also brought together early-stage women on boards with managers with long experience to bridge the gap in the professional network. This comes in response to the decision of the Securities and Commodities Authority issued last March, which aims to increase the representation of women on the boards of companies listed in the UAE markets. Arora50 aims to facilitate their boards’ communication with the growing pool of female talent, as it awaits the graduation of the first batch of its flagship “Path 20” program in November, with many of its participants already appointed to non-executive positions on prestigious boards.
The second board of directors summit is held with the support of the Securities and Commodities Authority, the Central Bank of the UAE, Etisalat, ADNOC, Abu Dhabi Ports, Tabreed, Mashreq Bank.
Founded by Sheikha Shamma bint Sultan bin Khalifa Al Nahyan and Diana Wild, Aurora50 is a UAE-based social enterprise that provides pioneering solutions to the world’s most pressing challenges.
Aurora50 has a unique approach to solving these challenges based on the principle that the entire ecosystem must come together to create transformative solutions.
Path 20 is a pioneering initiative of Aurora50 with the aim of increasing female representation on boards of directors in government and private companies, by supporting qualified female managers and working with partners at all levels.
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