world economic forum Annual Report 2001/2002


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world economic forum Annual Report 2001/2002

  1. 1. Annual Report 2001/2002 Solidarity in a challenging year
  2. 2. Following their discussions at the Annual Meeting 2002 in New York, US Treasury Secretary Paul O'Neill and rock star Bono visited Ethiopia as part of a joint tour of Africa. The tour marked a step forward for the continent. Since their return, the US government has put forward initiatives to address the AIDS epidemic and improve education in Africa.
  3. 3. The World Economic Forum is an independent international organization committed to improving the state of the world. The Forum provides a collaborative framework to address global issues, engaging world leaders – particularly its corporate members – in global citizenship. Contents The president’s statement 2 The global agenda: Annual Meeting 4 The regional agenda 6 Task forces and initiatives 10 Our members and partners 16 Our communities and constituencies 18 Our people 22 Our organization 24 Our mission and strategic vision 31 Our values and principles 31 Our financial results 32 1
  4. 4. The president’s statement Solidarity in a challenging year 2) Our Global Health Initiative Executive Statement The World Economic Forum has achieved much in a was well received by corporations, governments difficult year. The attacks of 11 September, the and medical leaders alike. The health initiative is financial downturn, international tension and a driven by a partnership between the World breakdown of trust in corporate governance all Economic Forum’s member companies, the World created a sense of global uncertainty. Against this Health Organization and the Joint United Nations disturbed backdrop our membership and internal Programme on HIV/AIDS. Among the Executive team delivered in line with their key objectives. Statement’s objectives is a 50% reduction in the disease burden of TB and malaria, and a 25% A clear example was the Annual Meeting held in reduction in HIV by 2010. In addition the World New York in early 2002. Our team relocated the Economic Forum assisted the Global Fund to Fight event from its traditional home in Davos, Switzerland AIDS, TB and Malaria by advising them on how to in just 12 weeks. We are proud of this achievement engage the private sector. and of being able to provide a platform for world leaders to show their solidarity with New Yorkers so 3) Canada’s Prime Minister, Jean Chrétien, announced soon after the attacks. This speed of relocation is at the Annual Meeting the creation of a US$ 500 emblematic of the drive and purpose of our people. million fund by the G-8 for African countries Significantly, it increased understanding in the US of committed to reform. This action followed the the World Economic Forum’s mission. strong involvement of the World Economic Forum in the launch of the New Partnership for Africa’s In 2001/02 various outcomes showed that the World Development (NEPAD). Economic Forum is succeeding in its aims of becoming an integrator of the best minds and a The World Economic Forum is well-placed to help its catalyst to creating innovative, challenging ideas. Here members meet the societal challenges ahead and to I highlight three specific examples of how the World ensure that economic activities serve the global public Economic Forum served as a platform and – I believe interest. At this time, when trust in organizations of all – as a prompt for our members to deliver solutions to types around the world is low, we are more committed significant global issues: than ever to transparency in our activities. In 2001/02 we reaffirmed the values and principles which guide us 1) Our Global Digital Divide Initiative, which is focused in several corporate documents. on bringing digital technology to the developing world, took significant steps. Following discussions at the Annual Meeting 2002, President Thabo Mbeki of South Africa was able to announce that Microsoft would supply free software to all 32,000 government schools in his country. 2
  5. 5. Klaus Schwab Our team is stronger than ever before. It increased in The strength of the balance sheet and management size from 147 people to 171, broadening the range of team and our organizational capability will be experience, cultural diversity and talent we offer. Our important in the months and years to come. As management team has also been strengthened. This global leaders we all bear the responsibility for will help us to both deliver on a day-to-day basis and rebuilding trust in corporate and government to ensure that we have the necessary skills and institutions. It is in our own interests, and those of expertise to focus and develop our strategic offering. society, that we act together to find solutions. After former President of Costa Rica José María The role of the World Economic Forum is Figueres joined us as a managing director in 2000, permanently changing to be responsive to the bringing vital governmental experience, we appointed challenges of our time. In 2001/02 the Forum a new director of communications. Michel Ogrizek, continued its progression from being the convener of who previously fulfilled global communications remits events, which uniquely engage all stakeholders in civil at Unilever and UBS Warburg, started working with society, to becoming a leading strategic insight body. us in August 2002. He will help with the key This progression will continue throughout the years to challenge of communicating our mission in a come. It is mine and my colleagues’ intention that the globalized world. In addition, we strengthened our World Economic Forum will become the leading organizational capability, developing the new strategic insight organization in the world. As such the governance system and extending our IT resources. World Economic Forum will continue to support global leaders, from all sectors of society, by enabling them to Our finances remain robust and we have continued identify the key issues and scenarios that face us all, to manage them prudently and effectively with a and – most importantly – the actions that they must focus on future needs. In the year under report, take together to improve the state of the world. our income increased by 13% to Sfr. 72,195,453. This allowed us to boost the amount spent on our high priority activities and on essential infrastructure by nearly 9% to Sfr. 69,077,008. The surplus has been added to Foundation Capital which now stands at Sfr. 12,114,753. Klaus Schwab Founder and President of the World Economic Forum 3
  6. 6. The global agenda Participants in the Annual Meeting 2002 Annual Meeting 2002 in New York Rabbi Israel Meir Lau, Ashkenazi Chief Rabbi of Israel, and Cardinal Francis Arinze, President of the Pontifical Council for Inter-Religious Dialogue The Annual Meeting 2002 brought together more than 2,700 leaders from business, government, academia, the media and civil society. It convened for the first time in New York City as a symbolic act of solidarity with the city, after the attacks of 11 September. These tragic events brought home to all of us how fragile our world is. In line with this insight, we built the meeting around the theme of Leadership in Fragile Times: a Vision for a Shared Future. Sessions thus concentrated on six areas: advancing security and addressing vulnerability; re-evaluating leadership and governance; redefining business challenges; reducing poverty and improving equity; restoring Rudolph W. Giuliani, former Mayor of New York, addresses sustained growth; and sharing values and the Annual Meeting 2002 of the World Economic Forum respecting differences. Ratio of Annual Meeting Participants 2002 The Annual Meeting achieved progress in many of these areas. In particular, it was significant in developing relationships between the constituencies Other constituents from all walks of life that took part, 45% of whom Religious leaders came from outside the world of business. NGOs Media Fellows In particular, the 42 religious leaders who participated helped build a greater understanding of different Technology Pioneers Business values and cultures. In addition, there was a Global Leaders significant Arab presence. Forty young Arab leaders for Tomorrow were integrated into the full Annual Meeting and we Academic saw the highest ever participation of Saudi Arabians experts at a World Economic Forum event. This strong Arab presence helped participants to better grasp the complex relationship between Islam and the West. Public figures 4
  7. 7. Tore Godal, executive secretary of GAVI Secretariat, Switzerland, Shimon Peres, Minister of Foreign Affairs and Deputy Prime Minister and Pascal Mocumbi, Prime Minister of Mozambique of Israel, and Hillary Rodham Clinton, Senator from New York There was a major focus on interactivity, with • The creation of a Disaster Response Network, workshops and interview-style panel discussions on leveraging the resources of businesses in crucial global, regional and industry issues. As such, engineering and transportation to assist with the Annual Meeting was not a meeting in the traditional disaster relief efforts sense, but more the flagship for the World Economic Forum’s larger set of activities, including regional “By holding their 2002 Annual Meeting in New York, the World knowledge meetings and initiatives. Economic Forum served as a resounding endorsement of New The Annual Meeting, in common with all World Economic Forum activities, aimed to identify tangible York City's sustained vitality. We can't think of a more appropriate, solutions to the most urgent challenges facing the courageous and optimistic milieu for the Davos Meeting to be held world today. The outcomes delivered included: than in the most diverse city in the world, which also happens to • The signing of a Global Corporate Citizenship statement by 36 CEOs, representing companies be the financial capital of, and a global economic partner, to the from various industry sectors and geographical regions. The statement recommends a world. This is a tremendous vote of confidence in our city. It sends framework for action to manage the impact of a message that New York is back in business, and that New York is business on society and to strengthen relationships with stakeholders around the globe the place to be for world leaders and decision-makers.” • The announcement of a contribution of Rudolph W. Giuliani, former Mayor of New York, Annual Meeting 2002 US$ 50 million by the Gates Family Foundation for AIDS prevention in Africa. This sum included a US$ 20 million donation to the trial of a • A declaration by Canada’s Prime Minister Jean promising microbicide that could potentially help Chrétien that the G-8 group of nations is creating protect women from HIV/AIDS a US$ 500 million fund to help African countries committed to reform. The fund will assist African governments to build a durable peace, address their health crises, strengthen democracy and open potential for trade and investment For more information about the Annual Meeting 2002 visit 5
  8. 8. Gloria Macapagal Arroyo, President of the Philippines, at the World Economic Forum's East Asia Economic Summit 2001, held in the Hong Kong Special Administrative Region. 6
  9. 9. The regional agenda Addressing crucial local issues Our regional agenda focuses on high priority issues Taking a long-term view of Japanese recovery, in relevant to local members operating in different the closing weeks of the financial year, the World regions. In 2001/02, the World Economic Forum Economic Forum began to develop its ‘blueprint brought together thousands of decision-makers to for Japan’. Young Japanese leaders from the address the most crucial regional issues of today. business, government and academic arenas were asked to identify and define how to surmount the Asia Pacific and China country’s ten biggest challenges in the years up to China continued to develop its economic base 2020. Their plan will be delivered to the Annual during the course of 2001/02. However, difficulties Meeting 2003 in Davos. remained in the Japanese economy and throughout the region there was an over-reliance At the India Economic Summit a council of chief on the US and other western markets. executives from both India and abroad was created. The India Advisory Council will advise The World Economic Forum recognized the need the World Economic Forum on strategies for to ensure the entire region benefited from China’s building confidence, increasing investment and growing strength. It was uniquely positioned to delivering prosperity in the subcontinent. (See bring together 600 leaders to address issues surrounding market development at the China Business Summit 2002 in Beijing. (For more “It is not the case that most people wish to reverse information visit globalization. It is that they aspire to a different and better The World Economic Forum also acted to maintain the momentum in the Chinese economy with the kind than we have today.” launch of the New Chinese Economic Leaders programme. It will support a new generation of Kofi Annan, Secretary-General, United Nations, Annual Meeting 2002 Chinese leaders from all walks of life as they confront the social and economic challenges ahead. The World Economic Forum again brought leaders together to discuss regional issues at the East Asia Economic Summit in Hong Kong in October 2001. Although advances were made, discussion at the event was inevitably dominated by the impact of the terrorist attacks of 11 September in New York and Washington. (For more details see 7
  10. 10. The regional agenda Africa and the Middle East North America In Africa, the World Economic Forum was instrumental In North America, the war on terror and corporate in winning business trust in the New Partnership for accounting scandals exacerbated an already Africa’s Development (NEPAD). The partnership aims sluggish economy. Despite this, the World to eradicate poverty and achieve sustainable growth Economic Forum helped to inspire new moves by but, as business felt it had not been consulted about the US government to relieve the plight of some of its creation by African governments, it was largely the world’s poorest people. The World Economic sceptical about its prospects for success. Forum’s unique role in bringing people together from different walks of life was highlighted when Irish rock The World Economic Forum provided a platform for the star Bono met US Treasury Secretary Paul O’Neill at region’s leaders to overcome this scepticism and win the Annual Meeting in New York. There, they private sector support, both at the Annual Meeting in discussed the possibility of writing off debts incurred New York and at the Africa Economic Summit in by some of the world’s poorest countries. Durban, South Africa. More than 200 African and multinational companies signed a declaration Following this meeting Bono and O’Neill went on a committing their businesses to supporting the NEPAD. tour of Africa, including Ghana, Uganda, South Africa (For more information see and Ethiopia, where they met doctors, farmers, teachers, students and entrepreneurs. The tour marked a step forward for the continent. Since their “There is no way that Africa can benefit from return, the US administration has put forward initiatives globalization without industrialization. Can globalization designed to address the AIDS epidemic and the continent’s weak education infrastructure, which has deliver?…Only if there is cooperation between North and suffered neglect in countries crippled by debt. South and rich and poor.” In May, leaders from around the world discussed prospects for the American economy at the USA Benjamin William Mkapa, President of Tanzania, Annual Meeting 2002 Meeting 2002 in Washington. Following 11 September, they also focused on likely scenarios around the In the Middle East, economic stability was threatened economic and social impacts of terrorism. by tensions with Israel. The World Economic Forum’s (See Annual Meeting 2002 provided an opportunity for Israeli and Palestinian business leaders to hold private Latin America meetings. They made a joint statement pledging to Economic turmoil in Latin America, particularly seek closer relations. The statement was co-delivered in Argentina, continued to hinder growth and social by Dan Gillerman, the Israeli ambassador to the United equality. In response, the World Economic Forum Nations, and Walid Najjab, a board member of the sought to harness the private sector behind Palestinian Electricity Company. economic and social reforms as a step to future growth. Following this statement, as a gesture of goodwill, Israeli business played an important role in The Annual Meeting 2002 provided an opportunity for persuading its country’s customs authority to political and business leaders to discuss ways of release a shipment belonging to Palestine Cellular solving the crisis in Argentina. They focused on political Communications Limited. institutions, competitiveness, foreign trade and financial systems. Working with the new Argentinian In the Arab world, promising young leaders have often government they made key recommendations for found it difficult to come to the forefront on the change. Latin American business leaders held a follow- international stage. At the Annual Meeting 2002, the up meeting in Washington to further address the main Young Arab Leaders community was launched. The issues affecting the region. aim of the initiative is to identify young people from the Arab world that are poised to assume key positions in areas such as business, academia and politics. 8
  11. 11. Europe a volatile and unpredictable region. It became In Europe, there were signs of increasing viewed by some authorities as a possible breeding scepticism about European integration and the ground for extremists. perceived gulf between the European Union’s institutions and its citizens. At the Eurasia Economic Summit 2002 in Almaty, Kazakhstan, 500 business people, politicians, To help address this discontent and look forward to academics and media representatives from across the the future, the World Economic Forum launched with region were brought together to discuss how to Monday Morning the Bridging Europe initiative. This ‘sustain growth in uncertain times.’ (For more was a catalyst for online dialogue between 1,000 information visit younger Europeans and some of the EU’s key politicians and business leaders. (For further As poor corporate governance practices continue information visit to dog the Russian economy, the World Economic Forum drafted a corporate code of conduct Russia and Central Asia designed specifically for the local environment. Central Asia, politically and economically significant The issue was progressed at both the Russia Meeting as the holder of important oil resources, remained in Moscow 2001 and at the Annual Meeting 2002. Bridging Europe The Bridging Europe initiative demonstrated the me, the most eye-opening aspect of the event was World Economic Forum’s commitment to building the participation of those countries who are communities of current and future leaders who currently applying to join share our mission. the EU. They made me realize how western The initiative was designed to tackle political my views are and indifference and the perceived gulf between the forced me to European Union’s institutions and its citizens. It re-evaluate them.” united 1,000 young people, from 33 countries, in an online dialogue with leaders from European Giampiero Alhadeff, politics, business, non-governmental organizations Secretary-General of and academia. Solidar, an international alliance of NGOs, said: Young people discuss the way to a better Europe, The initiative was run in partnership with the “There is much talk of a as part of the Bridging Europe initiative Danish think-tank Monday Morning. Following the democratic deficit nine-week dialogue, the young people travelled to separating the European Union from its citizens. Denmark for the Youth 2002 meeting. At this The unsurprising thing about the 1,000 young event, they presented a draft proposal for a new people involved in this project is how committed European constitution to Danish Prime Minister they are to a Europe that is dedicated to human Anders Fogh Rasmussen and Valéry Giscard rights, tolerance and social inclusiveness. For them, d’Estaing, President of the Convention on the there is no contradiction between an economically Future of Europe. strong Europe and one that stands up for social justice at home and abroad.” British youth delegate Zoë Waterman said: “The two weeks in Denmark were a huge learning (For more information about Bridging Europe see experience for all involved, as well as a lot of fun and the foundation of many firm friendships. For 9
  12. 12. The Global Health Initiative is fostering greater private sector engagement in the fight against HIV/AIDS, TB and malaria. It is driven by a partnership of the World Economic Forum, WHO and UNAIDS. Photo credit: UNAIDS/G. Pirozzi 10
  13. 13. Task forces and initiatives Furthering our mission The World Economic Forum’s global, multi-sector In 2001/2002, the programme produced the membership provides a unique platform for the following reports: discussion, coordination and development of • The Global Information Technology Report practical projects dedicated to improving the state 2001-2002: Readiness for the Networked World of the world. The World Economic Forum has • The European Competitiveness and Transition established a number of task forces whose Report 2001-2002 initiatives form an integral part of this mission. • Environmental Performance Measurement: (See The Global Report 2001-2002 • The Latin American Competitiveness Report Global Competitiveness Programme 2001-2002 The World Economic Forum’s Global Competitiveness Programme expanded during “The gap in health outcomes is growing dramatically… AIDS 2001/02, with the introduction of workshops to and TB are really phenomena of the poor world: when I say complement its expert reports. poor world, of course, I mean the majority of the world.” The Global Competitiveness Programme aims to act as a catalyst for economic policy change, by Bill Gates, Chairman and Chief Software Architect, assisting governments in identifying impediments Microsoft Corporation, Annual Meeting 2002 to growth and in designing strategies to achieve sustained economic progress. One recent collaboration has been with Colombia, whose In addition, the World Economic Forum held a economic reform programme is based on the World range of regional and global workshops where Economic Forum's competitiveness approach. leaders met to discuss issues critical to national competitiveness. These workshops were The programme also serves as an integrator supported by presentations around the world to between members and key policy-makers, national governments keen to strengthen their contributing to the creation of an economic economies. (For further information see framework that supports private investment, entrepreneurship and social progress. Its other objectives include stimulating public debate on economic development and global stewardship, and helping investors develop business strategy by monitoring and benchmarking national economies. 11
  14. 14. Task forces and initiatives Environmental Sustainability Index The digital divide is about more than just direct access The Environmental Sustainability Index is to technology. It also concerns a nation’s computer a measure of overall progress towards literacy and how effectively different countries use IT for environmental sustainability. social and economic development. The index was first developed in 2000 by the At the Annual Meeting 2002 in New York, the initiative World Economic Forum’s Global Leaders for task force launched a CEO Charter for Digital Tomorrow Environment Task Force, the Yale Center Development. CEO signatories agreed to try to target for Environmental Law and Policy, and the Columbia at least 20% of their annual corporate citizenship University Center for International Earth Science and/or philanthropy budgets towards concrete and Information Network. sustainable actions to promote social, economic and educational progress in developing countries and disadvantaged communities, through information and It takes account of both a country’s existing communication technologies. environmental capabilities and performance and its future capacity to manage environmental challenges. The index offers a benchmark for Initial signatories included participants from Taiwan, national environmental comparison and provides the Egypt, the US, Jordan, the Philippines, South Africa, critical information required for environmental Malaysia, the United Arab Emirates, the Russian decision-making. Federation, Switzerland, Spain and France. “Today, if you try to ‘greenwash’ as a multinational In 2001/02, the task force carried out an international survey and evaluation of digital divide-related projects. corporation, you will wake up sorry one morning.” It also forged partnerships between digital divide teams and the wider World Economic Forum, to share Björn Stigson, President, World Business Council for Sustainable knowledge about successful projects. Development, Annual Meeting 2002 This activity helped match companies seeking to invest in education-related activities with projects This year, the index’s scope was broadened. An requiring support. During 2001, World Economic increase in the number of ranked countries from 122 Forum strategic partnerships helped the following to 142 made it more comprehensive; the crucial measure of greenhouse gas emissions was projects to improve their education-related emphasized, and measuring techniques were activities: the Committee for Democracy in improved with the introduction of new data sets and Information (Brazil), Educar Chile (Chile), ITrain advanced data importing methods. (Canada), and US-based Schools Online, World Computer Exchange and World Links. A pilot Environmental Performance Index was also launched. This ranks countries more precisely by There were several other key outcomes. For using specific environmental criteria and by indicating instance, a joint Southern African Development improvement rates. Community/World Economic Forum workshop helped to share perspectives on e-readiness. In In the 2002 index, Finland was ranked first for another example, in regional pilot studies in South environmental sustainability. This followed its success Africa and Brazil, local teaching bodies and in minimizing air and water pollution, its management government groups worked with global IT of environmental problems and its low levels of companies to develop IT education. greenhouse gas emissions. (For further information visit The initiative began in 2000 with a one-year mandate but was so successful that its remit was Global Digital Divide Initiative expanded. The task force will now be refocused The Global Digital Divide Initiative builds partnerships at the Annual Meeting 2003 to assess the social between the public and private sectors to help less investment required to ensure its continuing developed countries make use of information and success. (For further information visit communication technology (ICT). 12
  15. 15. Global Health Initiative As a result of these aims, many companies The Global Health Initiative is designed to foster have strengthened their internal policies and greater private sector engagement in the global programmes, offering anti-AIDS drugs to workers battle against HIV/AIDS, tuberculosis (TB) and and their families. This potentially doubles the malaria. These diseases are regarded as the root number of people in Africa with access to life-saving causes for the failure of developing countries to medicines. (See increase their economic and social well-being. Encouraging progress has been made during The initiative is driven by a partnership between the 2001/02, including: World Economic Forum's member companies, the • The production of the initiative’s executive World Health Organization and the Joint United statement. This corporate call to action was Nations Programme on HIV/AIDS (UNAIDS). signed by 30 companies and was accompanied by a resource paper comprising the findings and It has four major strategies: tools developed in 2001 • Promoting the business case to unite global • The World Economic Forum’s participation as a industry in the fight against HIV/AIDS, TB private sector representative on the Transitional and malaria Working Group, the design and development • Developing resources to promote good practice body of the Global Fund to Fight AIDS, TB and within workforces and communities Malaria. The initiative is now the focal point for • Identifying resource gaps and corresponding private sector interaction with the Global Fund partnership/philanthropic opportunities • Expanding corporate advocacy Global Digital Divide Initiative The Jordanian Government intends to introduce This project is an essential part of the Jordanian information technology as an important component Government’s long-term goal of becoming a global of both primary and secondary education. To hub of information technology. achieve this it wishes to equip 3,183 schools with computer laboratories. Bridging the gap between those who have information The World Economic Forum is supporting this and communications programme through its Global Digital Divide Initiative. technology and those who Although Jordan has been successful in securing have not is an important loans for the project, it still needs to equip more than goal of the World Economic 1,000 schools and provide basic computer literacy Forum. This technology can training for almost 57,000 teachers. enable a better life for millions by enabling The World Economic Forum is working with the countries to overcome independent, non-profit organization World Links barriers to development. Bridging the digital divide and private sector partners to provide computer equipment and software for 500 Jordanian The Global Digital Divide Initiative is bringing schools. World Economic Forum members are also technology to people across the developing supplying financial resources for teacher training. world, including Brazil, Ghana, Mexico, South Africa and Vietnam. 13
  16. 16. Task forces and initiatives Global Agenda Atelier Increased life expectancy, the impending retirement of The World Economic Forum launched the Global the baby boom generation and a falling retirement age Agenda Atelier at its Annual Meeting 2002. The are creating unsustainable pressures on public and programme aims to help members systematically private pension systems. Although this is a global anticipate and assess risks or opportunities emerging problem, many countries are approaching the issues of from political, social and economic trends. ageing and pension reform in an isolated manner. The programme focuses on global themes such The task force aims to create a cross-country as re-evaluating leadership, reducing poverty and comparison of policy performance together with a sharing values. It draws on the insight of global leaders broader discussion about the effect the changes could to develop an overall understanding of the issues and have on the world economy. possible solutions. (For more details see The initiative will bring together leaders from the financial services and employment industries and other “If an organization perceives that the CEO and top stakeholders, such as senior citizen groups, labour unions and international organizations. management are tweaking things in the company for Global Governance Initiative their own comfort...I guarantee you that it will roll The World Economic Forum’s Global Governance Initiative assesses the efforts of governments, inter- downhill like a big snowball and everyone will tweak governmental organizations, and non-state bodies to address global problems such as poverty, disease and things for their own comfort.” armed conflict. Its aim is to bring the international community to greater accountability to the Millennium Roger Enrico, Chairman and CEO, PepsiCo, Annual Meeting 2002 Summit Declaration’s goals, in particular, on how much effort and cooperation has been given. Agricultural Trade Task Force The task force was established in 2001 to drive The initiative, which was conceived in 2001, will forward equitable reform of global agricultural trade, produce regular reports that rate these making a substantial contribution to the alleviation of organizations on their effort and willingness to poverty in the developing world. engage in partnerships. These will be used to help stimulate the interest of the media and policy- During the World Economic Forum's Annual Meeting makers and to put pressure on governments to 2002, the task force of companies and anti-poverty take action and fulfil their promises. NGOs issued Recommendations for Action on Trade. This included key guidelines for equitable The Global Corporate Citizenship Initiative reform of the global agricultural trade system. It also The World Economic Forum believes that business advocated a move towards a more open and fair trade should be fully recognized as a key part of society and system through the removal of market-distorting export must act proactively in the global public interest. subsidies, export credits, direct payments and market access restrictions. (For further information visit Business is now increasingly realizing that it has a raison d’être in society that extends beyond behaving responsibly. More and more, companies Pension System Readiness Initiative are accepting that they must address the global The Pension System Readiness Initiative aims to issues of our time if they are to remain successful assess the retirement system readiness of member and sustainable. countries of the Organization for Economic Cooperation and Development. In July 2001, the World Economic Forum launched the Global Corporate Citizenship Initiative: in 2001/02, it continued to act as a catalyst for corporate citizenship. 14
  17. 17. The Global Corporate Citizenship Initiative aims to The statement includes a practical template for help business leaders develop systems to integrate leadership, which can be used by CEOs and board corporate citizenship principles into their business members to translate these principles into practice strategies. The 30-plus inaugural member within their organizations. In drawing up the statement, companies came from a diverse range of industries members were assisted by academics and pro- and regions and included UBS AG, The Coca-Cola corporate citizenship organizations, with the Prince of Company, McDonald’s Corporation and Phillips-Van Wales International Business Leaders Forum playing a Heusen Corporation. significant role. At the Annual Meeting 2002, the initiative’s members The urgent need for global corporate citizenship was launched a landmark statement: ‘Global Corporate also promoted at the World Economic Forum’s Citizenship: the Leadership Challenge for CEOs and regional economic summits in Europe and Africa. (See Boards’. This emphasizes that corporate citizenship is first and foremost about the way companies run their businesses. Moving beyond philanthropy, responsible business principles must be integrated into core business principles and practices. Disaster Response Network Earthquakes, famine and other major disasters bring The network was established at the World misery to many thousands of people every year. Economic Forum’s Annual Meeting 2002 in New York, after the Gujarat earthquake in India. A In many situations, humanitarian tragedies are financial strategy was developed, with member made worse by the fact that aid donated by companies committing to contribute over business, charities and the public cannot get US$ 100,000 to the launch. through to those who need it most. The World Economic Forum’s Disaster Response Network The initial aims are to develop a circle of regional was launched to make it easier for companies to business leaders who are willing to take action channel aid and expert help to stricken when disaster strikes, and to create a clearing communities in the early response phase of house to ensure engineering and transportation emergencies. It also ensures that corporate company experts reach particular areas of need. donations are delivered in a coordinated and Its main goals are to develop regional groups in effective manner to humanitarian organizations. Mexico and India, providing staff training and creating a knowledge centre for organizations involved in disaster relief. The project is also working to overcome legal, contractual and regulatory hurdles that slow the progress of relief operations and to ensure training is available for member company employees willing to volunteer to help after a disaster. (For further information visit The aftermath of the Gujarat earthquake, which prompted the launch of the Disaster Response Network 15
  18. 18. The World Economic Forum's Global Competitiveness Report 2001 ranked the comparative strengths and weaknesses of 75 national economies. It found that Finland had the most competitive economy. 16
  19. 19. Our members and partners A business- centred forum The World Economic Forum is a business-centred Centerpulse Ltd, Central Japan Railway Company, organization, which acts as an interface with all China Hainan Airlines Co. Ltd, Clifford Chance, Club stakeholders in civil society at large. Our members Méditerranée, Commerce One Inc., Dassault Falcon and partners represent all sectors and regions of Jet Corp., Depository, Trust & Clearing Corporation the global community. The World Economic Forum (DTCC), Diageo Plc, Dogus Holding AS, Dongwon does not make public or private statements in the Securities Co. Ltd, Economic Development Board, name of its members. EMI Group Plc, eSpeed Inc., Federal-Mogul Corporation, Fedex Corporation, Ferrovie Dello Stato Members SpA, Finmeccanica SpA, Flextronics International, The World Economic Forum’s membership is Google Inc., Government of Andhra Pradesh, Grey primarily drawn from the world’s 1,000 leading Global Group Inc., Groove Networks Inc., Grupo P.I. global companies. However, 35% of the Mabe SA de CV, Gulf International Bank BSC (GIB), membership is reserved for companies from Home Box Office, Human Genome Sciences Inc., developing countries and those which are IBS Group, ING Group, Interpublic Group of corporate or technological trendsetters. Companies Inc., Intertex Holding GmbH, Intier Automotive Inc, IPP Limited, J.D. Power and Membership criteria are strict and forward-looking Associates, Jet Airways (India) Pvt Limited, KTB to ensure that the businesses chosen are Network, Kuala Lumpur Stock Exchange (KLSE), representative of the evolving global economy and MIH Group, Moody's Corporation, Mori Building committed to the mission of the World Economic Company Limited, Murugappa Group, National Forum. Our members represent the top companies Bank of Dubai PJSC, National Investment Council, Novolipetsk Metallurgical Combine (NLMK), NTL within their industry and/or country; play a leading Inc., Omnicom Group Inc., Oxygen Media Inc., Palm role in shaping the future of their industry and/or Inc., Panama Canal Authority, Pequot Capital region; engage in activities with a global dimension; Management, Inc., Peregrine Systems Inc., PKN and enjoy a healthy growth and reputation. Orlen SA, Ports Customs & Free Zone Corporation, Random House, Reader's Digest Association Inc., During 2001/02 the following companies were Ripplewood Holdings LLC, RVC-The Greenhouse accepted as members of the World Economic Forum: Fund, RWE AG, Saudi Arabian General Investment Authority, Seiyo Food Systems, SK Telecom Co., Akamai Technologies, Alticor Inc., American Express Sonangol E.P., Superfos, Sybase Inc., Synopsys Company, AstraZeneca Plc, Avaya Inc., Aviva Plc, Inc., TDC A/S, Thomas Cook AG, Timken Azizler Holding AS, Banca Nazionale del Lavoro SpA Company, TSX Group, Vattenfall, VIA Technologies (BNL), BEA Systems Inc., Becton Dickinson and Inc., Viking Global Investors LP, Vulcan Inc. and Company, Böhringer Ingelheim GmbH, Bristol-Myers Zenith International Bank Ltd. Squibb Company, Cathay Pacific Airways Ltd, 17
  20. 20. The business co-chairmen of the Annual Meeting 2002, clockwise, from top left: Raymond V. Gilmartin, Chairman, President and CEO, Merck and Co., Niall Fitzgerald, Chairman, Unilever; Yotaro Kobayashi, Chairman, Keizai Doyukai, Japan; Roberto Civita, Chairman and CEO, The Abril Group Partners Membership Development Strategic Partners are select member companies Our members are at the heart of the World who strongly support the World Economic Forum's Economic Forum and include 1,000 of the world's commitment to improving the state of the world. foremost companies. Members encompass not They are actively involved in the World Economic only the most global companies in the world, but Forum’s endeavours at global, regional and also regional market leaders and smaller industry levels. They contribute their expertise and companies shaping the future of their industries. resources at the highest level in order to advance worldwide economic and social progress. The selection criteria for inclusion are quite strict. Over the past year the World Economic Forum has not only welcomed almost 100 new companies “A knowledge-based economy without an open society into the organization but has also declined to renew membership for a number of companies is impossible…You need the creativity of free people – who no longer meet the requisite criteria. citizens – to run the heart of a productive knowledge- We are proud to report that, despite economic based economy.” pressures from a difficult global economy, the World Economic Forum has maintained its number Joschka Fischer, German Federal Vice-Chancellor and Minister of Foreign Affairs, of active members, which underlines its ability to Annual Meeting 2002 meet their needs and address issues of concern. As of 30 June 2002, our strategic partners were: ABB, Accel Partners, Accenture, A.T. Kearney, Audi, Barco, The Boeing Company, Booz Allen Hamilton, BP, Cisco Systems, The Coca-Cola Company, Compaq, Deloitte Touche Tohmatsu, DHL Worldwide Express, Ernst & Young, General Atlantic Partners, Goldman Sachs, J. & W. Seligman & Co., IBM Corporation, KPMG, Kudelski Group, McKinsey, Merck & Co. Inc., Merrill Lynch, Microsoft Corp., Nestlé, Pfizer, PricewaterhouseCoopers, Reuters, Siemens, Suez, Sun Microsystems, UBS, Vivendi Universal and Volkswagen. 18
  21. 21. Our communities and constituencies Engaging leaders Communities Industry Governors Another significant community is the World A key part of World Economic Forum activity is the Economic Forum's Industry Governors. These are a creation of distinctive communities of member and group of CEOs selected from influential companies partner companies, creating smaller, more informal within each of our designated industry groupings. opportunities for interaction. They engage with the World Economic Forum to identify, discuss and address issues of primary The International Business Council importance to their sectors and provide intellectual The International Business Council (IBC) was stewardship to the Forum's efforts, such as established by the Foundation Board in 2001/02 to industry-specific initiatives and task forces and replace the Council of the World Economic Forum. industry-targeted sessions in meetings and events. The IBC is an interactive community of concerned “We may come from different countries but, at this and committed business leaders made up of 100 moment in the world economy, we all speak the same highly respected and influential chief executives. It identifies and addresses globally relevant business language: the language of change.” issues and develops practical solutions. It also acts as an advisory body providing intellectual Vicente Fox, President of Mexico, Annual Meeting 2002 stewardship to the World Economic Forum. The IBC meets twice a year. It followed its inaugural Each year, during the last two days of the Annual meeting, at the February Annual Meeting 2002 in Meeting in Davos, each of these groups New York, with an August meeting in Geneva. assemble for a private, off-the-record discussion to address non-competitive issues of mutual IBC members are nominated by a membership importance and interest. Many of the World committee, based on clear criteria and guidelines, Economic Forum's most impactful initiatives, with selection based on the qualities of the including the Global Digital Divide Initiative and the individuals and their companies. Council Disaster Relief Network, stemmed directly from membership is limited to two three-year teams, these discussions. other than in very exceptional cases when it is extended to three three-year terms. 19
  22. 22. Our communities and constituencies A World Economic Forum director (far right), with two Global Leaders for Tomorrow Constituencies Forum Fellows To complement the knowledge of members and The World Economic Forum relies upon a continuously partners, the World Economic Forum engages a evolving group of about 300 experts and scientists wide range of individuals and organizations from all from all fields of knowledge. These people are at the sectors of society, whom it includes in its activities cutting edge of their disciplines and are considered as as constituents. leaders by their peers. We collaborate closely with this faculty group to design the programmes of our Advisory Groups summits and meetings, as well as to develop the In 2001/02, we created advisory groups to enable various initiatives and task forces we undertake with other key stakeholders of the global economy to our members and partners. engage in and help shape the World Economic Forum's activities. The labour union, non- Global Leaders for Tomorrow governmental organization, academic and religious The Global Leaders for Tomorrow (GLT) community leaders’ groups involved are made up of leading represents the new generation of leaders. The GLTs figures from these segments of global society. They are young but proven leaders from business, politics, provide advice and input into the development of the arts, the media and civil society with a the World Economic Forum's meetings, demonstrated commitment to addressing issues communities and initiatives. beyond their immediate professional interest. “Financial ratings have become kind of second nature in the The third annual GLT Summit, held in Geneva in the late summer of 2001, provided an opportunity business world. We must further explore the idea of social to design the Global Agenda for 2010. In the Annual Meeting 2002, in New York, GLTs and environment ratings.” participated in the Special GLT Private Programme, during which we held a breakfast with Bill and François Roussely, President and CEO, Electricité de France Hillary Clinton and a private session with US Secretary of State Colin Powell. These consultative arrangements are a vital part of the World Economic Forum's commitment to providing a non-partisan, multistakeholder platform GLT programmes also form part of the regional for dialogue and partnership. In addition, to maximize summits. In the last USA Meeting, the GLTs discussed the relevance of meetings and initiatives for policy- the US role in the Middle East. In the Africa Economic makers, we consult extensively with leaders from Summit 2002 in Durban there was a joint NGO-GLT international organizations and governments. discussion on the New Partnership for Africa's Development (NEPAD). 20
  23. 23. Technology Pioneers Social Entrepreneurs The Technology Pioneers programme was formed The World Economic Forum is working closely in 2000 to provide new perspectives on the with the Schwab Foundation for Social technology horizon. Entrepreneurship, which supports enterprises founded primarily for the public good. Each year, the World Economic Forum selects up to 100 Technology Pioneers, who are chief The Schwab Foundation celebrates individuals executives of companies that are developing and who identify and apply practical solutions to social applying the most innovative and transformational problems, by embracing business principles in technologies. Sixty-nine Technology Pioneers were an innovative and resourceful way. It plays a selected for the class of 2002, representing distinct but complementary role to the World companies engaged in cutting-edge work in Economic Forum. information technology, biotechnology and renewable energy. Each year, the Schwab Foundation selects a number of outstanding social entrepreneurs. These At the Annual Meeting 2002 in New York, individuals are invited to the World Economic Technology Pioneers participated in a private Forum’s Annual Meeting and its regional summits. programme designed to explore synergies among These opportunities provide the social and between different technology sectors. In a entrepreneurs with both credibility and access to specially designed workshop, Technology potential sources of financial and in-kind support. Pioneers, along with Governors of the information technology, health and telecommunications industries, discussed ways of applying innovative technology to further economic and social development in developing countries. At the USA Meeting 2002, Technology Pioneers met privately with executives in the technology industry to discuss how to maintain an environment open to innovation and entrepreneurial talent in a tough and cynical economic climate. Social Entrepreneurship Javier Hurtado Mercado* has fostered a shift in the company is able to pay its supplier farmers attitudes in his native Bolivia: transforming 25% more than market rates. Irupana encourages peasants into empowered micro-entrepreneurs. the farmers to keep part of their harvest, so improving their family diet. Hurtado’s company, Irupana, makes organic By integrating poor communities into the Bolivian products, such as coffee, agriculture value chain, Irupana is enabling people honey, marmalade, dried formerly dependent on aid handouts to become fruit and cereals. self-respecting businesspeople. The goods are sold throughout Bolivia and *Hurtado was one of a group of 60 outstanding are now being individuals appointed in 2001/02 to the Schwab exported abroad. Foundation for Social Entrepreneurship network. Javier Hurtado Mercado Irupana buys direct from 1,700 family farms across Bolivia. By cutting out the middleman and concentrating on premium-priced organic foods, 21
  24. 24. Teamwork behind the scenes at the World Economic Forum. 22
  25. 25. Our people A truly international team The reputation of the World Economic Forum depends entirely on its values, insight, knowledge Nationality Numbers Age Group Numbers and people. Its community of highly committed people provides quality expertise and support to American 17 20 to 24 13 members and constituents. Armenian 1 25 to 29 46 Austrian 2 30 to 34 46 The team at the World Economic Forum is truly Belgian 1 35 to 39 21 international. In the year under review, our people British 5 40 to 44 13 represented 26 nationalities. This range of cultural Canadian 5 45 to 49 10 experience is clearly important for us to be able to Chinese 1 50 to 54 7 support our global members and the participants Colombian 1 55 to 59 8 at our events around the world. Costa Rican 1 60 to 62 5 Danish 1 63 to 65 1 The World Economic Forum is a youthful Dutch 2 65 or older 1 organization with a current average age of 35 Finnish 1 years. That said, we have always believed it French 19 important to balance the fresh thinking that youth German 13 brings with the insights that come from long Irish 1 experience in world affairs. This blend of Italian 2 experience can clearly be seen by a breakdown of Jordanian 1 employee ages for the year under report. Of the Malagasy 1 171 people who work for the World Economic Malaysian 1 Forum, two-thirds are university graduates. Mexican 1 New Zealander 1 The remuneration policy in 2001/02 continued to Norwegian 3 combine the World Economic Forum’s status as a Spanish 3 not-for-profit foundation with the need to attract Swedish 2 the best people. Swiss 84 Thai 1 Forum staff are encouraged to engage in external social and cultural activities provided there is no Nationalities 26 conflict of interest. 23
  26. 26. Our organization The 2002/03 World Economic Forum Managing Board. From right, José María Figueres, Klaus Schwab, Frédéric Sicre, Rick Samans, André Schneider and Michel Ogrizek The Managing Board José María Figueres The Managing Board acts as the executive body Managing Director, Aged 48 of the Foundation Board. It ensures activities and Qualifications: Bachelor Degree in Engineering in 1979. services fulfil the mission of the World Economic Joined the United States Military Academy (USMA) at Forum and represents it in its dealings with West Point in 1991 followed by MPA, Kennedy School outside parties. The Managing Board members for the of Public Administration, Harvard University. Positions 2002/03‡ are as follows: held: General Manager, Fibers of Central America, 1980-84. President of the San Cristobal Agroindustrial Klaus Schwab Group from 1984-87. Minister of Foreign Trade for President and Founder, Aged 64 Costa Rica, 1987-88, becoming the Minister of Qualifications: Swiss Federal Institute of Technology Agriculture from 1988-90 and President of Costa Rica and the Universities of Fribourg and Harvard. Degrees from 1994-98. Joined the World Economic Forum in include Doctorates in Mechanical Engineering and in 2000 as Managing Director. Additional posts held: Economics (summa cum laude). Taught business President of the Board of Leadership in Environment policy since 1969 and has been a Professor at the and Development (LEAD), Member of the Board of University of Geneva since 1972. Author of several Directors: World Resources Institute (WRI), Stockholm books, the yearly Global Competitiveness Report Environment Institute (SEI). (since 1979) and many other publications. Founded the World Economic Forum in 1971 as a not-for-profit Frédéric Sicre foundation building it into the foremost global Managing Director, Aged 38 partnership of business, political, intellectual and other Qualifications: BA in Literature, Villanova University, leaders of society committed to improving the state of Philadelphia, Pennsylvania, USA. Positions held: the world. Recipient of numerous academic and managing a communication centre within the NATO national honours for initiatives undertaken in the spirit organization, Germany. Programmer, News of entrepreneurship in the global public interest and for Reporter for Radio Geneva Information and KTFM peace and reconciliation efforts in several regions. radio stations, 1982-84. Joined the World Economic Forum in 1989. In 2000, he became Managing Director with direct responsibility for the Centre for Regional Strategies. 24
  27. 27. Rick Samans Michel Ogrizek* Director, Global Issues, Aged 44 Director, Communications, Aged 55 Qualifications: BA in Economics and French from Tufts Qualifications: Medical Doctor, University of Paris, University and a Masters in International Affairs from 1974. Positions held: Chief Medical Officer at the Columbia University. Positions held: Corporate Lending French Ministry of Cooperation from 1975-82. Officer, Credit Lyonnais USA, New York from 1981-84. Research Associate in the Department of Cultural Legislative Assistant to a member of the House Anthropology and post-doctoral studies at Berkeley, Committee on Ways and Means from 1985-88. 1982-83. Medical and Public Affairs Director, Africa Professional Staff Member and Senior Legislative Region and Medical Director, Canada, at Warner Assistant to the Chairman, Senate Banking Lambert from 1983-87. Médecins Sans Frontières Committee; International Affairs Fellow, Council on trainer. From 1987-91, Director, Burson-Marsteller, Foreign Relations, London and Washington DC from France. President and CEO, Hill & Knowlton, France, 1988-91. Associate Director and Staff Director for the and Head, Eurosciences, from 1991-95. From 1995- Subcouncil on Capital Allocation, Competitiveness 97, President and CEO for Europe and Board Policy Council, 1993-96. Economic Policy Adviser to member, Edelman Public Relations Group. Global the Senate Minority Leader from 1996-99. Special Head of Corporate Relations, Unilever from 1997- Assistant to the President for International Economic 2000. Global Head, Marketing & Communications and Policy, USA, 1999-2001. Joined the World Economic Managing Director, UBS Warburg from 2000-02. Forum in 2001 as Director, Global Issues and as an Joined the World Economic Forum in mid-2002 as Associate Member of the Managing Board. Director of Communications and as an Associate Member of the Managing Board. André Schneider ‡ Director, Resources and Knowledge Management, During the year 2001/02, Donna Redel (Managing Aged 43 Director) and Charles McLean (Director of Qualifications: Classical Orchestra Musician; Diploma, Communications) left the Managing Board. Richard Strauss Konservatorium, Munich. PhD in Computer Science, University of Geneva. Positions *Joined the Managing Board in mid-2002. held: the Philharmonic Orchestra of Berlin; the Staatsheater Kassel; the Symphony Orchestra of the Radio Saarland; the Lucerne International Festival Orchestra. Researcher in parallel computers for the European Community; various positions held with IBM, including: Product Developer; Consultant and Principal, IBM Consulting Group; Consultant for various companies and organizations; Speaker on IT-related topics. Joined the World Economic Forum in 1998, appointed Director of Knowledge Management and an Associate Member of the Managing Board in 2000. 25
  28. 28. Our organization Structured to meet stakeholders’ needs Corporate Governance The Foundation Board members for the year 2002/03* are: • Klaus Schwab, President of the Foundation Board The organizational structure is permanently under • William I.M. Turner, Chairman and CEO, Exsultate review in our continuous effort to ensure that we Inc., Canada; Vice-Chairman of the Foundation Board are responsive to the evolution of the world and • Josef Ackermann+, Spokesman of the Board, and are meeting the needs of our stakeholders. Chairman of the Group Executive Committee of Deutsche Bank AG, Germany; Vice Chairman of the “If the big economies slow and the big economies get the Foundation Board • Kurt Alig, Chairman, Arcadia Treuhand AG, sniffles, the rest of us get pneumonia. There is a need to Switzerland; Secretary of the Foundation Board • Peter Brabeck-Letmathe+, Vice-Chairman and CEO, pursue growth with the big guys and the small guys.” Nestlé SA, Switzerland • Lord Carey of Clifton+, Former Archbishop of Mike Moore, Director-General, World Trade Organization, Annual Meeting 2002 Canterbury, United Kingdom • Flavio Cotti, Former President of Switzerland The Foundation Board • Michael S. Dell, Chairman and CEO, Dell Computer The Foundation Board acts as the guardian of the Corporation, USA World Economic Forum's mission, values and brand, • Niall FitzGerald+, Chairman, Unilever Plc, inspiring business and public confidence through an United Kingdom exemplary standard of governance. This includes: • Rajat Gupta, Managing Director, Worldwide, managing the statutes of the World Economic Forum McKinsey & Company Inc., USA and its institutions; defining the powers of the • Nobuyuki Idei, Chairman and CEO, Sony Committees and of the Managing Board; appointing Corporation, Japan new members; reviewing fund applications; and • Caio Koch-Weser, Secretary of State determining and monitoring the execution of the of Finance, Germany World Economic Forum’s strategies. • Graça Machel+, Chairperson, Foundation for Community Development, Mozambique The Board comprises 15-24 eminent individuals • Henry McKinnell+, Chairman and CEO, Pfizer Inc., USA from business, politics, academia and civil society, • Heinrich von Pierer, President and CEO, each serving a three-year term. The membership Siemens AG, Germany criteria include integrity, global vision, leadership • Peter Sutherland, Chairman of Goldman Sachs experience and participation in world affairs. International; Chairman of British Petroleum Company Plc, United Kingdom • Ernesto Zedillo+, Director, Yale Center for the Study of Globalization, USA; Former President of Mexico 26
  29. 29. During the year under report, and at the The CGA also manages the World Economic Foundation Board meeting of 4 November 2002, Forum’s engagement with its constituencies, the following Foundation Board members retired including the academic and scientific communities, due to their age or to other reasons: they were business trade bodies, international organizations, Percy Barnevik, Raymond Barre, Ronnie C. Chan, labour leaders, non-governmental organizations, Guy Fontanet, Helmut Maucher, Jean-Marie religious leaders, Technology Pioneers and Global Messier, Ferdinand Piech and Maurice F. Strong. Leaders for Tomorrow. (See The Foundation Board would like to express their gratitude to all outgoing members. In particular, The Centre for Global Industries they would like to give their heartfelt thanks to The Centre for Global Industries (CGI) handles relations Guy Fontanet, for his wisdom, dedication and with the World Economic Forum’s membership. The loyalty, and to Raymond Barre and Maurice Strong CGI is divided into five broad industry groupings, to for the great contribution they have made to the allow the development of expertise and special development of the World Economic Forum since it relationships with members covering: basic industries, communications and technology, consumer goods was first created. and health, financial services and mobility industries. + Appointed on 4 November 2002. The Centre for Regional Strategies The Centre for Regional Strategies (CRS) provides The Committees of the Foundation Board members and constituents with a series of The Foundation Board appoints four Committees from outcome-oriented summits in markets of major among its members: strategic interest. It builds communities of leaders • The Executive Committee defines the rules of drawn from business, politics, academia, religion, procedure of the Foundation Board and represents media and other areas of civil society who share the World Economic Forum to third parties. the World Economic Forum’s mission. • The Audit Committee ensures compliance with all financial, accounting and control processes. The regional summits allow members and • The Evaluation and Remuneration Committee participants to share, face-to-face, information and recommends candidates for positions on the insights on key developments and trends of regional Managing Board. significance. They also give the issues an audience • The Mission Compliance Committee reviews which extends to all stakeholders of global society. Forum policies, strategies and activities in light CRS works closely with both CGA and CGI, with of its mission. the regional summits serving as a platform for the Practice Structure World Economic Forum’s global initiatives. In 2001/02 the World Economic Forum organized its Partnerships work into three integrated practices. The World Economic Forum also seeks partnerships with like-minded institutions. It has, for example, NGO consultative status with the Economic and The Centre for the Global Agenda Social Council of the United Nations and works The Centre for the Global Agenda (CGA) monitors and closely with the Prince of Wales International analyses global issues to provide content for the World Business Leaders Forum and the World Business Economic Forum’s annual, regional, country and Council for Sustainable Development. industry meetings. It stimulates thinking and dialogue by organizing task forces and other initiatives involving different regions, intellectual disciplines and stakeholders in the world economy. 27
  30. 30. Participants in the Annual Meeting 2002 were each offered a ‘Davos Companion’. This hand- held Compaq iPAQ with wireless LAN allowed them to download e-mails, find information about the programme, book places in sessions and transfer digital images. 28