Aurora50’s guide to terms and acronyms used in the world of diversity and inclusion in the workplace and boardroom, from DEIA to NED.
The Emirates Securities and Commodities Authority (ESCA, or sometimes known as the UAE SCA) is the regulator of the two main UAE stock exchanges, the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX). In 2021 it mandated a quota for women to hold at least one board seat in each listed company by 2025 and is aiming for a 20 percent representation of women on boards.
Reporting on the Emirates Securities and Commodities Authority (ESCA)’s mandate to put one woman director on every UAE listed board, Asharq Business Bloomberg says that women have only taken four new seats at listed companies on the two main UAE stock exchanges in the two months since, with 96 percent of positions held by men.
Interviewed on Asharq Business Bloomberg after a quota of one woman per listed UAE board was mandated by the Emirates and Securities Commodities Authority (ESCA), Aurora50 co-founder Diana Wilde said: “We have a clear message from the government in the UAE that the economy will grow substantially if gender balance is achieved. The challenge lies in creating a pipeline of women, and the extent of women’s access to boards.”