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Supreme Council for Women>Supreme Council for Women>Media Center>News>Council News>CBB, Industry Ministry boost women's presence in private sector Boards of Directors
CBB, Industry Ministry boost women's presence in private sector Boards of Directors

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In implementation of the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, the Governor of the Central Bank of Bahrain (CBB), Rasheed Mohammed Al-Maraj, issued provisions related to enhancing the representation of women on the boards of directors of joint stock companies listed on the Bahrain Stock Exchange by introducing amendments to the rules related to corporate governance within the chapter of supreme controls of the sixth directive volume issued by the bank.

These provisions stipulate the necessity of taking into account the representation of women when forming the board of directors of listed joint stock companies and the disclosure of membership statistics classified by gender in their board of directors in the company's annual report.

The Minister of Industry and Commerce, Zayed bin Rashid Al-Zayani, also issued a decision to amend the provisions of the Corporate Governance and Management Charter, stipulating taking into account the representation of women in the formation of the board of directors of the public joint stock company. The company shall also commit to disclose membership statistics on its board of directors within the company's annual corporate governance report and disaggregate this statistic by gender.

This directive comes within the framework of supporting the efforts of the Supreme Council for Women (SCW), under the presidency of Her Royal Highness Princess Sabeeka bint Ibrahim Al Khalifa, Consort of His Majesty the King, and the trends of the National Plan for the Advancement of Bahraini Women. The move also reflects Bahrain’s keenness to develop a suitable environment for Bahraini women to take up leadership positions in the private sector and highlight the kingdom’s standing in terms of international indicators that measure the sustainability and development of women’s participation and progress in various fields.

Council News