FRA launches app to facilitate recruiting women to senior roles

The Financial Regulatory Authority has launched an app, ‘Empowering Women,’ to help companies recruit qualified women to leadership and decision-making roles in EGX-listed companies and across the finance sector, a statementby the authority said on Tuesday. Applicants upload their CVs to the app and preference will be given to women who have served on corporate boards three or fewer times, the statement noted. Egyptian companies failed to make progress on gender parity last year, with female representation on boards of EGX-listed companies declining, and women filling only 10% of board positions among companies surveyed by the Women on Boards Observatory group.