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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.

Issuer

United Arab Emirates

Year

2015

Region

Middle East

Issuer (type)

Presidential Palace of Abu Dhabi (Government)

Instrument type

Law

Disclosure instrument

No

Geographical scope

National

Mandatory or voluntary

Mandatory

Text analysis

    • Low 0.55%
    • Very High 0.59%
    • E focus: environment, water, energy
    • S focus: compensation, children
    • G focus: audit, financial report, accountability
    • Finance, Management, Manufacturing, Professional services, Real estate, Transportation