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Federal Law No. (2) concerning Commercial Companies (CCL)

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Summary

Public joint stock companies can, after two years of their incorporation and of making a profit, allocate funds (not exceeding 2% of the average net profits of the company during the two successive years preceding the year it makes the contribution) to corporate social responsibility. The beneficiary of such contributions should be stated in the company's auditor's report and balance sheet.

Thumbnail image for Public joint stock companies can, after two years of their incorporation and of making a profit, allocate funds (not exceeding 2% of the average net profits of the company during the two successive years preceding the year it makes the contribution) to corporate social responsibility. The beneficiary of such contributions should be stated in the company's auditor's report and balance sheet.
Issuer

United Arab Emirates

Year

2015

Region

Middle East

Issuer (type)

Presidential Palace of Abu Dhabi (Government)

Policy Type

Other sustainability policy

Geographical scope

National

Mandatory or voluntary

Mandatory


Main industries targeted
  • Finance & Insurance
  • Professional, Scientific, & Technical Services
  • Real Estate, Rental & Leasing
  • Retail trade
Restrictiveness

Moderate

Sustainable Development Goals (SDGs)
  • SDG 5: Gender Equality

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