---
title: "Chairman of the Authority's B… | Insights — Lyoen & Partners"
url: https://lyoenandpartners.com/insights/decision-no-06-chairman-of-2022-amending-some-provisions-of-public-joint-stock-companies-governance-guide
description: "Approved at the Authority board's first meeting of the eighth round on 26/01/2022, issued in Abu Dhabi on 25 February 2022 and effective the day following…"
lang: en-US
---

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Friday, February 25, 2022rulebook

# Chairman of the Authority's Board of Directors' Decision No. (06/Chairman) of 2022 Amending Some Provisions of Public Joint Stock Companies Governance Guide

Approved at the Authority board's first meeting of the eighth round on 26/01/2022, issued in Abu Dhabi on 25 February 2022 and effective the day following publication in the Official Gazette. Article (1) replaces Clause (5) of Article (9) of the 2020 Guide so that at least one third of the board of a UAE listed company must be non-executive independent directors with the technical skills and experience required. Article (2) amends Article (40)(4) on shareholder representatives, requiring the company to bear the representative's fees, requiring the power of attorney to reach the company at least five days before the general assembly, and barring the representative from voting on agenda items on which the shareholder gave no instruction.

Sources

Securities and Commodities Authority, United Arab Emirates (https://regulations.sca.gov.ae/en-us/service/getregulationbyidaspdf/210)

Region: Gulf (GCC): https://lyoenandpartners.com/insights/region/gcc

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