“Egyptian FRA Further Increases Women Representation on Boards” – SSE Initiative – July 12, 2021

On July 12, 2021, the UN Sustainable Stock Exchanges (SSE) Initiative reported that “(t)he Board of Directors of the Egyptian Financial Regulatory Authority (FRA) issued new resolutions which include rules for listing securities by raising the percentage of female representation in the boards of directors of companies whose securities are listed on the Egyptian Stock Exchange.

The new decrees are an additional milestone taken to accelerate and cement the role of women as dynamic leaders and decision-makers in the Non-Banking Financial Sector (NBFS) in Egypt. The amendments impose that EGX-listed and regulated companies should raise the percentage of women representation on their boards to 25% or have at least two women as members of the board.”

You may read the article on the SSE internet site.