World
Economic
Forum
Annual Report
2007-2008


www.weforum.org
www.weforum.org                                                 Introduction
                                             ...
www.weforum.org
Executive Chairman’s Statement                                                                            ...
www.weforum.org
Executive Chairman’s Statement                                                                            ...
www.weforum.org
Managing Board Statement                                                                                  ...
www.weforum.org
Our communities – working with our partners and members                                                   ...
www.weforum.org
Our communities – working with our partners and members                                                   ...
www.weforum.org
Engaging our communities and our constituencies                                                           ...
www.weforum.org
Engaging our communities and our constituencies                                                           ...
world economic forum Annual Report 2008
world economic forum Annual Report 2008
world economic forum Annual Report 2008
world economic forum Annual Report 2008
world economic forum Annual Report 2008
world economic forum Annual Report 2008
world economic forum Annual Report 2008
world economic forum Annual Report 2008
world economic forum Annual Report 2008
world economic forum Annual Report 2008
world economic forum Annual Report 2008
world economic forum Annual Report 2008
world economic forum Annual Report 2008
world economic forum Annual Report 2008
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world economic forum Annual Report 2008

  1. 1. World Economic Forum Annual Report 2007-2008 www.weforum.org
  2. 2. www.weforum.org Introduction Annual Report 2007-2008 World Economic Forum 0 Contents Executive Chairman’s Statement 02 Managing Board Statement 06 Our communities – working with 08 our members and partners The World Economic Forum is an independent Engaging our communities 12 and our constituencies international organization committed to Shaping the global agenda 16 improving the state of the world by engaging Facilitating international private-public partnerships 22 Foundation Board Members Josef Ackermann, Kurt Alig, Kofi Annan, Tony Blair, leaders in partnerships to shape global, Shaping the regional agenda 24 Peter Brabeck-Letmathe, Victor L. L. Chu, Michael Shaping the industry agenda 26 S. Dell, Niall FitzGerald, Orit Gadiesh, Carlos regional and industry agendas. Ghosn, Rajat K. Gupta, Susan Hockfield, Christine Collective intelligence 28 Lagarde, Maurice Lévy, Nandan M. Nilekani, Ivan Our organization 32 Pictet, H.M. Queen Rania of the Hashemite Kingdom of Jordan, Joseph P. Schoendort, Klaus The Forum community 34 Schwab, Peter D. Sutherland, Heizo Takenaka, Our financial results 36 Ernesto Zedillo Ponce de Leon World Economic Forum USA 38 For more information about the Foundation Board Our mission and values 40 visit page 32 or www.weforum.org/foundationboard Entrance of the Congress Centre in Davos during the Annual Meeting 2008
  3. 3. www.weforum.org Executive Chairman’s Statement Executive Chairman’s Statement World Economic Forum Annual Report 2007-2008 Annual Report 2007-2008 World Economic Forum 02 03 Executive Chairman’s Statement 2007-2008 was again a very successful year, maybe In pursuit of our mission to improve the state our most successful ever. We delivered on our of the world, the Forum continues to work very promises to our partners, members and constituents, closely with governments around the globe. This Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum we expanded well into Asia, and we played a catalytic partnership was again demonstrated at our events role in many global developments. In our initiatives, by such distinguished participants as US President In today’s increasingly interconnected and in our communities and in our own organizational George W. Bush, British Prime Minister Gordon design, we were more innovative than ever before. Brown, Mexican President Felipe Calderón. However, while I am proud, I am not fully satisfied. Japanese Prime Minister Yasuo Fukuda, Russian complex world, no single leader, nation or President Dmitry Medvedev and Chinese Premier The 34% increase in the number of Strategic Wen Jiabao. Partners, 37% increase in the number of Industry organization has the solution to the crucial Partnerships, as well as nearly 20% growth in The World Economic Forum has the ambition revenues, are powerful demonstrations of the trust to be always ahead of its time. This year we our communities install in us. But what pleased me laid the foundations for two new major creative issues that face us all. Climate change, terrorism, the most was the superb degree of engagement of breakthroughs, WELCOM (World Economic Leaders our Strategic Partners and Industry Partners in our Community) and the Global Agenda Councils (GACs). or water scarcity, all require a coordinated different initiatives, and their demonstrated WELCOM is a powerful new online communication commitment to our mission to improve the state of and collaboration space designed specifically for the world. It is this engagement and commitment approach, one in which different stakeholders the world’s top decision-makers. It will be rolled which makes the Forum so effective and so powerful. 1,000 out throughout next year, providing global leaders This report will enumerate many activities which with an unprecedented opportunity of continuous, demonstrate the sense of true corporate global collaborate across geographical, industrial, instantaneous interaction. Making WELCOM citizenship. A great achievement in this sense over possible is the result of a close partnership was working together with over 100 CEOs, many between the world’s top technology leaders political and cultural boundaries. governments and the most relevant research and the World Economic Forum. organizations to submit to the G8 on the occasion of the world’s greatest minds have already of its summit in Hokkaido the most comprehensive It is not sufficient to strengthen interaction among been recruited to serve on our Global action plan to reduce carbon emissions based on our communities through a combination of face-to- Agenda Councils, to address today’s government-business cooperation. face and virtual contacts. This interaction should most pressing issues. be based on the best strategic insights and should In 2007-2008, we broadened our engagement with always be forward looking. For this reason, we the establishment of our Community of Global Growth Professor Klaus Schwab at the Annual Meeting 2008 built on our knowledge of global expertise and Companies. These fast-growing businesses, many with the help of the world’s leading universities we based in emerging economies, are set to be leading established a network of Global Agenda Councils multinationals within a decade. The first Annual (GACs) which constitute now over 1,000 members, Meeting of the New Champions − or “Summer the world’s foremost integrated collective Davos” − in Dalian, People’s Republic of China, intelligence system. brought together our first GGC members, along with Technology Pioneers, Young Global Leaders In November 2008, the Councils will gather in and the leaders of fast-growing regions and cities. Dubai for the first Summit on the Global Agenda. Participants will identify the most pressing and prevailing global challenges and consider long-term solutions in a systematic and collaborative manner. Their conclusions will feed into the programme of the World Economic Forum Annual Meeting 2009 and, indeed, all of the Forum’s work. These two major breakthroughs (WELCOM and Global Agenda Councils) will allow us not only to improve our traditional activities but also to develop completely new services for our partners, members and constituents. The next year, 2008-2009, will allow us to show our communities the benefits of all those efforts.
  4. 4. www.weforum.org Executive Chairman’s Statement Executive Chairman’s Statement World Economic Forum Annual Report 2007-2008 Annual Report 2007-2008 World Economic Forum 0 0 Nevertheless I am not satisfied, nor are my We have developed the tools, processes and To allow us to focus on global excellence, we have colleagues. Why? the expertise to create public-private partnerships decided to cap the number of our Strategic Partners and to be a catalyst in shaping global, regional at 100 of the world’s most reputed companies, as The world, politically, economically and socially is and industry agendas. we have already limited the number of our Foundation struggling to cope with the growing complexity of Members to 1,000 of the foremost global companies. globalization. As we know from our own work with We have developed internally the capabilities and the Global Risk Report, there are many challenges capacities with 300 highly motivated staff in three We will be even more rigorous in undertaking “We will only be satisfied if we know we which we have to meet simultaneously. All these major strategic locations (Geneva, New York and initiatives – to ensure we are always at the front challenges require an interdisciplinary, proactive Beijing). We have introduced more robust, innovative end of global concerns. We will build our future on are making a unique contribution to improve and, above all, multistakeholder approach. The time internal processes and appointed a new human our specific strengths: an uninterrupted success has gone when governments alone were in charge resources director and a new chief financial officer. story of 38 years, but above all, institutional values the global governance system, demonstrating of managing our global affairs, securing through the We substantially reinforced the Managing Board, based on complete impartiality and independence appropriate multilateral systems and mechanisms welcoming Børge Brende, a former Norwegian with continuous and deep commitment to the particularly the positive role business can a stable, prosperous and peaceful world. Minister for both the Environment and Trade and mission “Improving the State of the World”, Industry. Also joining us in August 2008 is Robert intellectual integrity, proven positive impact, Since its beginning in 1971, the Forum was based play in it.” Greenhill, former President of the Canadian transparency and representativity. on and driven by the stakeholder concept: the need International Development Agency (CIDA), and of business not only to serve its shareholders but Indeed, with the world changing so quickly, we never President and Chief Operating Officer of the Professor Klaus Schwab also its stakeholders − all whose future depends will or should be fully satisfied as there will always International Group of Bombardier Inc. To work directly or even indirectly on business decisions. be a lot to do for the unique multistakeholder together with such committed, enthusiastic and Today business itself has become a stakeholder organization that is the World Economic Forum. service-oriented colleagues from over 55 countries of global affairs – together with governments and is stimulating for all of us. This continual strengthening other partners. I have defined this new dimension of our institution underlines our commitment to global for responsible business – or “creative capitalism” excellence in both what we do and how we do it. as our member Bill Gates called it in Davos this year – as Corporate Global Citizenship. We will only be satisfied if we know we are making a unique contribution to improve the global governance What we have done during the past years, particularly system, demonstrating particularly the positive in 2007-2008, was to build all the fundamentals to role business can play in it. To do so we have to allow the Forum to become the foremost global strengthen the relevance of everything we are doing Professor Klaus Schwab multistakeholder organization. We have all the and we have to intensify the collaboration within our Founder and Executive Chairman stakeholders in place, integrated as strong, selected communities and between our communities. and committed communities: business and also governments, and our specific, highly representative, highest level communities of NGO Leaders, Labour Leaders, Thought Leaders (Global Agenda Councils), Religious Leaders, Media Leaders, Young Global Leaders and Social Entrepreneurs. Professor Klaus Schwab welcoming newcomers at the Annual Meeting 2008 Professor Klaus Schwab and Felipe Calderón, Presentation of Crystal Award to Emma Thompson, Annual Meeting 2008 Professor Klaus Schwab and Yasuo Fukuda, Annual Meeting 2008 World Economic Forum on Latin America 2008
  5. 5. www.weforum.org Managing Board Statement Managing Board Statement World Economic Forum Annual Report 2007-2008 Annual Report 2007-2008 World Economic Forum 06 07 Managing Board Statement Regional Agenda Industry Agenda The Forum’s Global Risk Network provided a timely analysis of the threats to the world economy In March, the Forum helped improve In February, we furthered our Partnering Against with its Global Risks Report in January 2008. understanding of the tensions between the Corruption Initiative (PACI), with the first survey The report focused on four issues where multiple As a Managing Board, our efforts are aligned Islamic world and Western nations with a of signatory companies. This showed that more risks converge: systemic financial risk, food groundbreaking publication, Islam and the than 90% now have formal anti-corruption security, supply chains and the role of energy. fully with the Forum’s mission of improving programmes, one-in-four of which have been West: Annual Report on the State of Dialogue. For more information see verified by an external third party. Almost 140 For more information see www.weforum.org/en/initiatives/globalrisk companies with combined revenues in excess the state of the world by engaging leaders www.weforum.org/pdf/c100/islam_west of US$ 800 billion have now signed up to PACI. The Forum’s Global Health Initiative continued The SlimCity initiative was launched at the Annual to drive private-public health partnerships. Its For more information see Meeting 2008 and brings together administrators from public and private sectors in partnership new report, Business Coalitions Tackling AIDS: www.weforum.org/en/initiatives/paci from some of the world’s leading cities and the A Worldwide Review – developed with UNAIDS, private sector to explore ways to use resources The Forum’s Investors Industry group published the World Bank and GTZ – demonstrates how and dialogue. In 2007-2008, as the following more efficiently. The Global Economic Impact of Private Equity business coalitions are helping thousands of in January 2008. This examined thousands of companies tackle AIDS in the workplace. Building on The Gulf Cooperation Council transactions involving private equity over almost highlights show, we achieved significant (GCC) Countries and the World: Scenarios to For more information see four decades and provided a valuable analysis 2025 report from 2007, the Forum explored www.weforum.org/en/initiatives/globalhealth of the sector’s impact on employment levels possible futures for the Kingdom of Saudi Arabia, successes around our three primary agendas. and corporate governance. he Business Alliance Against Chronic Hunger T the Kingdom of Bahrain and the United Arab (BAACH) was initiated by Forum member Emirates in detailed scenario planning reports. For more information see companies and partners to develop sustainable, The reports indicate how each nation might www.weforum.org/en/about/ scalable business-led solutions to poverty and look in 2025 under three distinct scenarios. centreforglobalindustries hunger. The initiative works on three levels: it For more information see The Forum’s Working Towards Wellness initiative builds networks of global and regional leaders www.weforum.org/en/initiatives/scenarios/ partnered with the World Health Organization to to galvanize public-private collaboration to Global Agenda In January, the Forum and the United Nations gccscenarios help fight conditions such as diabetes, obesity and address hunger and food security; it defines announced a new framework to guide private heart disease, which claim more than 30 million practical business models to reduce hunger The Forum helped business shape the climate sector aid after natural disasters. Agreed under The Global Education Alliance, part of the lives each year. The initiative focused on improving and poverty worldwide; and it catalyses action change discussions at the 2008 G8 Summit in our Humanitarian Relief Initiative, the 10 Guiding Forum’s Global Education Initiative, started health through workplace programmes on diet on the ground in Africa. The Alliance has Japan, via its industry leader-led Gleneagles Principles will help companies deliver assistance working towards delivering universal primary and exercise. Discussions in Africa, China and India focused initial action work in Kenya, where a Dialogue Initiative. The dialogue’s detailed in the most effective way. education in the Republic of Rwanda. This among experts from around the world led to a joint group of 30 companies and organizations are climate change recommendations were brings private sector partners such as Cisco, Intel For more information see report Preventing Noncommunicable Diseases in leading 14 pilot initiatives in Kenya’s poorest presented personally to Yasuo Fukada, and Microsoft into cooperation with governments www.weforum.org/en/initiatives/drn the Workplace through Diet and Physical Activity, district, Siaya, during 2008. Japanese Prime Minister and G8 host, by Forum in the Fast Track Initiative, which is a global in May 2008. Executive Chairman, Klaus Schwab. Fukada In September 2007, the Forum’s first Annual partnership working to meet the education For more information see had used the Annual Meeting 2008 to launch Meeting of the New Champions in Dalian, Millennium Development Goals. For more information see www.weforum.org/en/initiatives/hunger the Cool Earth Partnership, a US$ 10 billion People’s Republic of China, illuminated a fresh www.weforum.org/en/initiatives/wellness For more information see fund to support developing nations to combat agenda for change. It brought together the www.weforum.org/en/initiatives/gei A new roadmap showing how businesses can global warming. world’s fastest-growing businesses, those work with public bodies to improve the environment developing the technology that will transform For more information see for sustainable growth was launched at the Annual tomorrow, and many of the world’s most www.weforum.org/climate Meeting 2008. Partnering to Strengthen Public promising Young Global Leaders. Governance, supported by the CEOs and chairmen For more information see of 14 corporations, is the latest strand of the www.weforum.org/en/events/ Forum’s Global Corporate Citizenship initiative. annualmeetingofthenewchampions For more information see www.weforum.org/documents/pr/gcci _ report_20080111.pdf Zeng Peiyan, Vice-Premier of the People’s Theodore Cardinal McCarrick Indra K. Nooyi, CEO, PepsiCo, at the Annual Republic of China (2003-2008), at the Annual Meeting 2008 at the Annual Meeting 2008 Meeting 2008 Mahdi Hadavi, Theodore Cardinal McCarrick, Abdullah Ahmad Badawi, Tony Blair and World Economic Forum on David A. Harris at the “Faith and Modernization” the Middle East 2008 Annual Meeting 2008 session at the Annual Meeting 2008
  6. 6. www.weforum.org Our communities – working with our partners and members Our communities – working with our partners and members World Economic Forum Annual Report 2007-2008 Annual Report 2007-2008 World Economic Forum 0 0 Our communities – working The World Economic Forum provides a unique and communities. They help shape our initiatives, platform for business to engage as a key global projects and task forces and give intellectual guidance stakeholder. Private sector organizations are involved throughout the participation of their most senior with our members and partners in the Forum at varying levels of engagement. executives on steering boards and advisory groups. This year, the number of Strategic Partners grew Members At the Forum’s core are its Members and 34% to a record 95. The 24 new Strategic Partners “In 2007-2008 the Our 1,000 member companies represent the represent not only the addition of recognized world foremost global companies committed to improving leaders, but also an increased commitment from Partners. These communities grew strongly number of Strategic the state of the world. They are a tremendously and expanding industries like private equity and increasingly diverse group, drawn from all industries geographies as diverse as Asia, the Middle East Partners increased and all regions of the world. They are at the heart and Russia. this year, enabling us to accelerate work on of all our activities and provide invaluable support Given the special nature of the Strategic Partnership from 71 to 95 to our mission. relationship we have decided to cap the number of existing industry and global agendas and This year we welcomed 100 top companies, drawn Strategic Partners at 100, as we have already limited companies – a rise from over 18 industries, including over one quarter the number of Foundation members to 1,000 of the to embark on initiatives in new sectors. from emerging economies. world’s foremost companies. of over one third.” Industry Partners Global Growth Companies Many of our members elect to become more deeply Last year, the Forum launched a new community involved in the Forum’s activities and initiatives through of Global Growth Companies to complement our our Industry Partnership Programme. These Industry existing membership base. These GGC companies Partners are actively involved in the Forum’s activities, have the potential to become leaders in the global including industry-specific issues, cross-industry economy within the next five years. GGCs take an efforts and globally relevant strategic challenges. active role in the Forum’s regional meetings, using the opportunity to share best practices and meet Now in its third year, the number of Industry with global political and business leaders. Members Partnerships grew by 37% to 269, spread across of the Community also hosted several information 18 industries. These companies contributed to gatherings around the world, further strengthening over 25 active initiatives, as outlined in “Shaping community ties. the Industry Agenda” (page 27). Annual Meeting 2008 Since its inception last year, more than 200 Strategic Partners companies from more than 40 countries have joined the Forum’s Community of Global Growth Our Strategic Partners represent some of the Companies (GCCs). The Inaugural Annual Meeting world’s leading corporate citizens and are our of the New Champions in September 2007 formally most committed members, providing essential launched the Community. Highlights included an leadership in support of the Forum’s mission. informal session with China’s Premier Wen Jiabao. Our Strategic Partners are a key force in our activities Inaugural Annual Meeting of the New Champions Umaru Musa Yar’Adua, President of Nigeria, at the Annual Meeting 2008
  7. 7. www.weforum.org Our communities – working with our partners and members Our communities – working with our partners and members World Economic Forum Annual Report 2007-2008 Annual Report 2007-2008 World Economic Forum 0 New members Strategic Partners Fortis* Pemex - Petroleos Mexicanos* Fortress Investment LLC* ProLogis 100 new members joined the World Economic As of 30 June 2008, the following companies were Gávea Investimentos Prudential Plc* Forum this year, 35 of these also joined our Industry Strategic Partners of the World Economic Forum GLG Partners LP* PSA Peugeot Citroën* Partners Programme. Grant Thornton International LLP* Quest Diagnostics Inc. ABX Logistics Worldwide SA/NV* Greylock QVT Financial LP* Access Industries Inc. Grupo Nacional Provincial SAB Rich Products Corp. Aetna Inc. Grupo Televisa SAB* Rolls-Royce Plc* AMB Property Corporation Haci Ömer Sabanci Holding AS Samba Financial Group (Samba) Apollo Management LP* Harman International Industries Inc. Sasol Limited* Ascension Health Highbridge Capital Management LLC* Sherpalo LLC Assicurazioni Generali SpA Hitachi Ltd Sime Darby Bhd Autodesk Inc.* Huawei Technologies Co. Ltd* Simon Property Group Inc. Banco de Chile Iberdrola* SNCF (Société Nationale des Chemins de Fer) Berggruen Holdings Inc. ICAP Plc SOHO China Limited Best Buy Co. Inc.* Immofinanz AG Starwood Capital Group Burger King Corporation* IMS - Health StratREAL (Strategic Real Estate Advisors Ltd)* Campbell Soup Company* International Post Corporation (IPC) T. Rowe Price Group Inc. Cinven* Jones Lang LaSalle Inc. Temasek Holdings (Pte) Ltd COFCO Limited Julius Baer Holding Ltd The Pepsi Bottling Group Cognizant Technology Solutions Kamaz Inc. Third Avenue Management LLC Commerzbank AG Khazanah Nasional Berhad* Thomas H. Lee Partners LP CPP Investment Board Khosla Ventures Towers Perrin Creative Artists Agency Kohlberg Kravis Roberts and Co.* TVM Capital GmbH Dangote Group Land O’Lakes Inc. United Industrial Corporation (OPK)* DaVita Inc. Leighton Holdings Ltd* Vestas Wind Systems A/S* Developers Diversified Realty Corporation Macy’s Inc.* Walton Street Capital L.L.C. DLA Piper Massmart Holdings Ltd Wesizwe Platinum Ltd DLF Ltd Mérieux Alliance Group Whitbread Group Plc Duke University Medical Center and Health System* MetLife Inc. William Morris Agency Inc. Ecolab Inc. Mzabi Group Wm Morrison Supermarket Plc Enel SpA* Newmark Knight Frank* For more information see www.weforum.org/en/ EQT Partners AB* Och-Ziff Capital Management Group* about/members+and+partners Eton Park Capital Management LLC OMX AB* Evonik Industries AG* Orkla ASA *have also become Industry Partners First Data Corporation Pacific Alliance Group James Dimon, Chairman and CEO, JPMorgan Chase Co., David J. O’Reilly, Chairman and CEO, Chevron, at the Annual Meeting 2008 at the Annual Meeting 2008
  8. 8. www.weforum.org Engaging our communities and our constituencies Engaging our communities and our constituencies World Economic Forum Annual Report 2007-2008 Annual Report 2007-2008 World Economic Forum 2 3 Engaging our communities Technology Pioneers The third Young Global Leaders Annual Summit took place in Dalian, People’s Republic of China, The Technology Pioneers programme recognizes in September 2007. Discussions built on the work and our constituencies companies which are designing or developing of the YGL task force on Future Mapping for the technologies that have the potential to change Global Agenda, which seeks to identify major the way business or society works. trends in health, education, the environment, Our Members and Partners are supported and Technology Pioneer companies help the Forum global governance, development and poverty. identify and address future-oriented issues on the Other YGL task forces operate in the fields of global agenda. In 2007-2008, 39 new companies complemented by a number of other communities. education, global security, health and development. were identified as Technology Pioneers by a panel This year, other new initiatives included the Table of global technology experts. The new intake brings for Two initiative. This tackles obesity and life-style the number identified since the programme’s 2000 related diseases in industrialized countries and inception to more than 350. hunger and malnutrition in developing countries. Technology Pioneers actively participated at the The Diversity Initiative, meanwhile, will highlight the Inaugural Annual Meeting of the New Champions, business case for a diverse workforce and create in Dalian, People’s Republic of China, in September an information hub of case studies of best practice. 2007, with more than 30 participating in the Annual 2007-2008 marked the inaugural year of the Forum Meeting 2008. and Harvard’s Kennedy School of Government’s For more information visit YGL Executive Education course. More than 110 www.weforum.org/techpioneers YGLs completed the 10-day module. For more information visit The Forum of Young Global Leaders www.younggloballeaders.org Young Global Leaders (YGLs) are a diverse and dynamic community of the world’s most promising leaders, all selected before they reach the age of 40. In March 2008, the YGL nominations for 2008 were announced, with the group of 245 individuals, from 65 countries, including 121 business leaders. The Forum of Young Global Leaders now brings together Linah Mohohlo, Governor of the Bank of Botswana, at the World Economic Forum on Africa 2008 more than 800 exceptional individuals from business, government, public bodies, academia and the arts. Manouchehr Mottaki, Minister of Foreign Affairs of the Islamic Republic of Iran, Annual Meeting 2008 Young Global Leaders at a workshop session at the Annual Meeting 2008
  9. 9. www.weforum.org Engaging our communities and our constituencies Engaging our communities and our constituencies World Economic Forum Annual Report 2007-2008 Annual Report 2007-2008 World Economic Forum 128 Women Leaders and Gender Schwab Foundation for Social The programme remains committed to maximizing Parity Programme Entrepreneurship women’s participation at Forum events. Women’s participation at the Annual Meeting has risen from The Annual Meeting 2008 saw the first meeting of The Forum works closely with The Schwab nations 8% in 2002 to 17% in 2008. our Global Gender Parity Group. This community Foundation for Social Entrepreneurship to of leaders was established by our Women Leaders highlight leading innovators who have combined For more information see www.weforum.org/en/ and Gender Parity Programme to address the business principles with a public purpose. communities/women+leaders+gender+parity were assessed in our third Global Gender gender gap. Its members are drawn from all Social entrepreneurs address the world’s Gap report to capture the size of the sexual sections of society and, fittingly, represent an The International Media Council most pressing problems with solutions that divide in each country. equal number of women and men. are sustainable, replicable and measurable. The International Media Council (IMC) is a In Davos, the group examined the challenges The Foundation searches for, and selects, world-class community of 100 respected and influential media and opportunities linked to gender gaps in the social innovators through its Social Entrepreneur of figures, ranging from publishers and editors-in-chief workplace, education, politics and health. They the Year competitions. In 2007-2008, the Foundation to columnists and bloggers. It meets at the World “I had the privilege to participate in the launch of exchanged best practice and identified effective screened more than 1,300 applications to pick 27 Economic Forum Annual Meeting and, since 2007, strategies to optimize the use of talent. The social entrepreneurs from around the globe. The at the Annual Meeting of the New Champions. the Global Gender Parity Group – a topic I feel programme also launched Regional Gender chosen entrepreneurs are invited to the Annual At the Inaugural Meeting of the New Champions Parity Groups, committed to closing gender gaps Meeting and to Forum regional meetings. has been neglected for too long – and to witness in September 2007, the IMC’s agenda included an in Latin America, the Middle East and Africa. Initiatives this year included: evaluation of opportunities for media companies the commitment the Forum put behind it.” In 2007-2008, the programme published its third in China with industry leaders from the media and The instigation of more than 70 social Global Gender Gap report. This captures the size entertainment sector. entrepreneur/business partnerships of the sexual divide in 128 countries across four Orit Gadiesh, Chairman, Bain Company Inc At the Annual Meeting 2008, the cornerstone of areas: economic participation and opportunity, A social entrepreneur workspace session the discussion was on the future and the value of political empowerment, educational attainment, at the India Economic Summit media. This included a regional perspective from and health and survival. The linking of social entrepreneurs with more Latin America, with an exchange with Alvaro Uribe than US$ 50 million of capital to help them grow Velez, President of Colombia, exploring how the their ventures media influences the political process in his country. A Social Entrepreneur Summit in January 2008 For more information see www.weforum.org/en/ in Rüschlikon, Switzerland communities/internationalmediacouncil For more information visit www.schwabfound.org William H. Gates III and Professor Klaus Schwab at the Annual Meeting 2008 Soud Ba’alawy, Executive Chairman, Dubai Group WorkSpace session 2008

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