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Ruchi Dana

Profile picture of Ruchi Dana

Ruchi Dana

Active 4 years, 6 months ago
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Name

Ruchi Dana
Your Country

United Arab Emirates
Company

Dana Group of Companies
Position

Partner
Gender

Female
Core Industries

Hardware, Healthcare, Life Science, Manufacturing, Venture Capital Investing
Experience

Dr Ruchi Dana is a physician and a Stanford MBA, she has been recognized by Forbes Middle East as the “Next Generation Business Leader, Arab World” for 3 consecutive years 2017, 2018 and 2019. She has also been recognized by Campden Wealth as the “Women to Watch” in September’18 issue, and was conferred with the Yuva Ratna Award, 2018. Ruchi has also been recognized as “Top 75 Family Business Leaders” 2019 by Campden Research (UK). Ruchi has >12 yrs of experience in medical devices, life sciences, manufacturing, and investing. She is a frequent speaker at various investment and scientific conferences worldwide.
Board positions:

Board Member, Dana Group, UAE
Board Member, Duluth Medical Technologies, USA
Advisory Board, University of California Chico, USA, Cybersecurity Program
Board Member, Aaroogya Foundation , India (Non-profit)
Board Member, OneProsper , Canada (Non-profit)
Advisory Board, Bione Ventures, India
Venture Advisor, MBX Capital , USA

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NEDs and Economic Substance (“ESR”)

Pursuant to ESR, certain companies deploying a “relevant activity” have to demonstrate that they have effective substance in their jurisdiction by satisfying a so-called “economic substance test”. ESR is in force in the UAE since 30th April 2019.

A company meets the test if it is directed and managed in the UAE and has adequate people, premises and expenditure in the country.

In this context, the composition and competence of the board of directors – composed of both executive director(s) and NED/s –, and the proper recording of minutes of all board meetings are key factors when assessing whether a company is compliant or not.

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