Diversity in boardrooms through a greater presence of women is essential for improving the quality of corporate governance in the region, and women need to be empowered and their contributions recognised in family-owned, public as well as corporate enterprises in order for the next generation to take their rightful places on boards across the region, panelists agreed over three panel discussions at the third Arab Women Leadership Forum, organised by the Dubai Women Establishment.
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Despite all the talk about a reducing gender gap in corporate board rooms, women still continue to be in minority across the world. According to a new study Women On Board 2012 by recruitment platform MyHiringClub.com & NriJobPortal.com, the GCC scores low when it comes to women filling the top slots. The online study shows that countries within the GCC are at the bottom of the list. Of the 44 participating counties, Kuwait is on 35th position, Oman on 38th, followed by Bahrain on 40th, UAE on 42nd and Saudi Arabia at 44th position.