UAE Corporate / Commercial LawCabinet Resolution No. (79) of 2022 Concerning the Controls for Motivating Commercial Companies to Exercise Their Corporate Social Responsibility

Article (1) Definitions For the purpose of the present Resolution, the following words and expressions shall have the meaning assigned thereto as stated herein below unless the context requires otherwise: State : The United Arab Emirates. Ministry : The Ministry of Economy. Minister : The Minister of Economy. Fund : CSR UAE Fund established under Cabinet Resolution No. (2) of 2018. Decree-Law : Federal Decree-Law No. (32) of 2021 Concerning Commercial Companies.

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Cabinet Resolution of 2022 Concerning the Controls for Motivating Commercial Companies to Exercise their Corporate Social Responsibility 2 The Company : The commercial company subject to the provisions of the Decree- L…

Article (2) Applicability The present Resolution shall apply to companies with regard to contribution to social responsibility.

Article (3) Objectives of the Resolution The present Resolution aims at setting the controls required to motivate companies to assume their social responsibility and the stages of application thereof.

Article (4) Controls for Contribution to Corporate Social Responsibility With regard to social contributions, whether cash or in kind, the following controls shall be followed: 1. The corporate social contribution shall be voluntary and shall aim at fulfilling corporate giving and contribution to social development. 2. Providing the aforementioned contributions through programs and projects approved by the Fund or other licensed entities in the State or through any other forms of social responsibility contributions, in any form, whether by contributing to the development of

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Cabinet Resolution of 2022 Concerning the Controls for Motivating Commercial Companies to Exercise their…

Article (5) Role of Federal and Local Government Agencies Regarding Incentives to be Granted to Companies Contributing to Social Responsibility Subject to the provisions hereof, federal, and local government agencies, including the competent authority and other authorities, may exercise their powers by granting incentives to companies contributing to social responsibility.

Article (6) Social Responsibility Resolutions Shall Remain in Force The company shall continue to fulfill its obligations in accordance with the Cabinet resolutions regarding its corporate social responsibility, including Cabinet Resolution No. (2) of 2018 regarding Corporate Social Responsibility.

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Cabinet Resolution of 2022 Concerning the Controls for Motivating Commercial Companies to Exercise their Corporate Social Responsibility 4

Article (7) Publication and Enforcement The present Resolution shall be published in the Official Gazette and enter into force from the day following the date of its publication. Mohammed bin Rashid Al Maktoum Prime Minister Issued by Us On: 18 Muharram 1444 AH Corresponding to: 16 August 2022 AD

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