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71-604: The program was founded by Klaus Schwab of the World Economic Forum in 1992 under the name “Global Leaders for Tomorrow” and was renamed to Young Global Leaders in 2003. Schwab created the group with $ 1 million won from the Dan David Prize , and the inaugural 2005 class comprised 237 young leaders. Since then, a total of some 1400 individuals have been inducted into the YGL community. BusinessWeek ' s Bruce Nussbaum describes

142-588: A think tank , publishing a wide range of reports. In particular, "Strategic Insight Teams" focus on producing reports of relevance in the fields of competitiveness, global risks, and scenario thinking . The "Competitiveness Team" produces a range of annual economic reports (first published in brackets): the Global Competitiveness Report (1979) measured competitiveness of countries and economies; The Global Information Technology Report (2001) assessed their competitiveness based on their IT readiness;

213-562: A Russian delegation for the first time since 1991, which The Wall Street Journal described as signalling the "unraveling of globalization." The former Russia House was used to present Russia's war crimes. The 2023 annual meeting of the World Economic Forum took place in Davos, Switzerland from 16–20 January under the theme "Cooperation in a fragmented world". Headquartered in Cologny,

284-584: A brief trial period, after telling Schwab she was pregnant. Schwab grew upset that she would not be able to continue working at the same pace, people familiar with the incident said, and told her she was not suited for her new leadership role. A fourth allegation was that Schwab ordered the firing of all individuals over 50 years of age at the WEF, which then HR-chief Paolo Gallo refused to do. After this, Schwab allegedly fired Gallo. The article then went on to discuss alleged misconduct by other high-ranking WEF officials, which

355-579: A business problem in mechanical engineering). He also earned a doctorate in economics from the University of Fribourg , and a Master in Public Administration degree from the John F. Kennedy School of Government at Harvard University . While attending Harvard, Schwab found a mentor in future National Security Advisor and Secretary of State Henry Kissinger . Schwab was professor of business policy at

426-536: A little holographic sticker to add to your badge), or a senior journalist. An orange badge means you're just a run-of-the-mill working journalist." All plenary debates from the annual meeting also are available on YouTube while photographs are available on Flickr . Some 3,000 individual participants joined the 2020 annual meeting in Davos. Countries with the most attendees include the United States (674 participants),

497-580: A nonprofit organization based in Geneva and drew European business leaders to Davos for the annual meetings each January. The second European Management Forum in 1972 was the first meeting where a head of government featured as a speaker, Prime Minister Pierre Werner of Luxembourg . Events in 1973, including the collapse of the Bretton Woods fixed-exchange rate mechanism and the Yom Kippur War , saw

568-530: A platform for resolving international conflicts. In February 1971, Schwab invited 450 executives from Western European firms to the first European Management Symposium held in the Davos Congress Centre under the patronage of the European Commission and European industrial associations, where Schwab sought to introduce European firms to American management practices. He then founded the WEF as

639-411: A position on the issues, instead offering only vague policy recommendations. The Financial Times ' innovation editor found "the clunking lifelessness of the prose" led him to "suspect this book really was written by humans—ones who inhabit a strange twilight world of stakeholders, externalities, inflection points and 'developtory sandboxes'." The political scientist Klaus-Gerd Giesen argued that

710-562: A screening and an interview. Roughly 100 YGL are selected every year. The selection criteria is strict, requiring that individuals at start-ups be founders, chief executive officers or chairs of boards (especially of series C start-ups and unicorns), individuals in the public sector be ministers, parliament members, mayors of capital cities or highly populated cities, governors, or heads of political parties and for civil society leaders to be founders and chief executive officers of consequential civil society organizations or social enterprises, or hold

781-534: A senior leadership role in a large global NGO. These individuals cannot apply to join but instead are identified and proposed through a qualified nomination process, which is then vetted by Heidrick and Struggles, and subsequently vetted by a selection committee chaired by Queen Rania Al Abdullah of Jordan. Young Global Leaders straddle various fields, and are often highly accomplished leaders in their respective fields, including leading politicians, royalty, very senior members of Government, social activists and those in

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852-467: A stock underperformance by the Davos participants of around −10% versus the S&;P 500 during the same year. Drivers are among others an overrepresentation of financial companies and an underrepresentation of fast-growing health care and information technology businesses at the conference. The Economist had found similar results in an earlier study, showing an underperformance of Davos participants against both

923-659: Is a German mechanical engineer , economist , and founder of the World Economic Forum (WEF). He has acted as the WEF's chairman since founding the organisation in 1971. In May 2024, WEF announced that Schwab will move from his role as Executive Chairman to chairman of the Board of Trustees by January 2025. No successor has been named. Klaus Martin Schwab was born on 30 March 1938, to Eugen Wilhelm Schwab and Erika Epprecht in Ravensburg . His parents had moved from Switzerland to Germany during

994-461: Is an international advocacy non-governmental organization and think tank , based in Cologny , Canton of Geneva , Switzerland. It was founded on 24 January 1971 by German engineer Klaus Schwab . The foundation's stated mission is "improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas". The foundation

1065-737: Is funded by its 1,000 member companies, typically global enterprises with more than five billion dollars in turnover (varying by industry and region). These enterprises rank among the top companies within their industry and/or country and play a leading role in shaping the future of their industry and/or region. Membership is stratified by the level of engagement with forum activities, with the level of membership fees increasing as participation in meetings, projects, and initiatives rises. In 2011, an annual membership cost $ 52,000 for an individual member, $ 263,000 for "Industry Partner" and $ 527,000 for "Strategic Partner". An admission fee costs $ 19,000 per person. In 2014, WEF raised annual fees by 20 percent, bringing

1136-730: Is guided by a board of trustees that is made up of leaders from business, politics, academia and civil society. As of 2024, the board of trustees is composed of: Queen Rania of Jordan , Mukesh D. Ambani , Ajay S. Banga , Marc Benioff , Peter Brabeck-Letmathe , Thomas Buberl , Laurence D. Fink , Chrystia Freeland , Orit Gadiesh , Kristalina Georgieva , Fabiola Gianotti , Al Gore , Andre Hoffmann , Paula Ingabire , Joe Kaeser , Christine Lagarde , Yo-Yo Ma , Patrice Motsepe , Ngozi Okonjo-Iweala , Lubna S. Olayan , David M. Rubenstein , Ulf Mark Schneider , Klaus Schwab , Tharman Shanmugaratnam , Jim Hagemann Snabe , Julie Sweet , Feike Sijbesma , Heizō Takenaka and Zhu Min . Members of

1207-491: Is mostly funded by its 1,000 member multi-national companies . The WEF is mostly known for its annual meeting at the end of January in Davos , a mountain resort in the eastern Alps region of Switzerland . The meeting brings together some 3,000 paying members and selected participants – among whom are investors, business leaders, political leaders, economists , celebrities and journalists – for up to five days to discuss global issues across 500 sessions. Aside from Davos,

1278-401: Is the foundation board. The managing board is chaired by the WEF's president, Børge Brende , and acts as the executive body of the World Economic Forum. Managing board members are Børge Brende, Julien Gattoni, Jeremy Jurgens, Adrian Monck , Sarita Nayyar, Olivier M. Schwab, Saadia Zahidi , and Alois Zwinggi. The WEF is chaired by founder and executive chairman Professor Klaus Schwab and

1349-473: The Coalition for Epidemic Preparedness Innovations (CEPI), a global initiative to fight epidemics, was launched at WEF in Davos. The internationally funded initiative aims at securing vaccine supplies for global emergencies and pandemics, and to research new vaccines for tropical diseases, that are now more menacing. The project is funded by private and governmental donors, with an initial investment of US$ 460m from

1420-470: The Global Enabling Trade Report (2008) presented a cross-country analysis of the large number of measures facilitating trade among nations. The "Risk Response Network" produces a yearly report assessing risks which are deemed to be within the scope of these teams, have cross-industry relevance, are uncertain, have the potential to cause upwards of US$ 10 billion in economic damage, have

1491-706: The Global Gender Gap Report examined critical areas of inequality between men and women; the Global Risks Report (2006) assessed key global risks; the Global Travel and Tourism Report (2007) measured travel and tourism competitiveness; the Financial Development Report (2008) aimed to provide a comprehensive means for countries to establish benchmarks for various aspects of their financial systems and establish priorities for improvement; and

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1562-757: The National University of Singapore and Kaunas University of Technology in Lithuania. Schwab married Hilde Schwab, his former assistant, in 1971. The wedding took place in Sertig Valley at a Reformed church. The couple live in Cologny in Switzerland. The Schwabs have two adult children, Nicole (born 1975/1976) and Olivier. Nicole Schwab co-founded the Gender Equality Project. World Economic Forum The World Economic Forum ( WEF )

1633-564: The Third Reich in order for his father to assume the role of director at Escher Wyss AG , an industrial company and contractor for the Nazi regime. Although his father was baptized Lutheran, Schwab was raised Catholic . Although having three Swiss grandparents and two Swiss brothers, he is a citizen of Germany and has declined multiple offers for naturalization, from both Kurt Furgler and Ueli Maurer . Schwab attended first and second grades at

1704-644: The United Kingdom (270), Switzerland (159), Germany (137) and India (133). Among the attendees were heads of state or government, cabinet ministers, ambassadors, and heads or senior officials of international organizations, including: Sanna Marin ( prime minister of Finland ), Ursula von der Leyen ( president of the European Commission ), Christine Lagarde ( ECB president ), Greta Thunberg ( climate activist ), Ren Zhengfei ( Huawei Technologies founder ), Kristalina Georgieva ( managing director of

1775-567: The University of Geneva from 1972 to 2003, and since then has been an honorary professor there. Schwab and his wife Hilde created the Schwab Foundation for Social Entrepreneurship in 1998. In 1971, Schwab founded the European Management Forum, which was renamed as the World Economic Forum in 1987. Also in 1971, he published Moderne Unternehmensführung im Maschinenbau . In 2003 Schwab appointed José María Figueres CEO of

1846-845: The globalization , capital markets, wealth management, international conflicts, environmental problems and their possible solutions). The participants also take part in role playing events, such as the Investment Heat Map. Informal winter meetings may have led to as many ideas and solutions as the official sessions. At the 2018 annual meeting, more than 3,000 participants from nearly 110 countries participated in over 400 sessions. Participation included more than 340 public figures, including more than 70 heads of state and government and 45 heads of international organizations; 230 media representatives and almost 40 cultural leaders were represented. As many as 500 journalists from online, print, radio, and television take part, with access to all sessions in

1917-738: The primary school in the Wädenswil district of Au, Zürich , in Switzerland. After World War II , his family moved back to Germany where Schwab attended the Spohn-Gymnasium in Ravensburg until his Abitur in 1957. In 1961, he graduated as a mechanical engineer from the Swiss Federal Institute of Technology in Zurich, with a doctorate in engineering, with a dissertation titled Der längerfristige Exportkredit als betriebswirtschaftliches Problem des Maschinenbaues (Longer-term export credit as

1988-529: The 1994 annual meeting, Israeli Foreign Minister Shimon Peres and PLO chairman Yasser Arafat reached a draft agreement on Gaza and Jericho . After 9/11, the WEF was held in the U.S., in New York City, for the first time. And in January 2003, U.S. Secretary of State Powell went to the forum to drum up sympathy for the global war on terrorism and the U.S.'s impending invasion of Iraq. In October 2004,

2059-575: The IMF ), Deepika Padukone ( Bollywood actress ), George Soros ( investor ), and Donald Trump ( president of the United States ). An analysis by The Economist from 2014 found that the vast majority of participants are male and more than 50 years old. Careers in business account for most of the participants' backgrounds (1,595 conference attendees), with the remaining seats shared between government (364), NGOs (246) and press (234). Academia, which had been

2130-751: The MSCI World Index and the S&P 500 between 2009 and 2014. In 2007, the foundation established the Annual Meeting of the New Champions (also called Summer Davos), held annually in China, alternating between Dalian and Tianjin , bringing together 1,500 participants from what the foundation calls Global Growth Companies, primarily from rapidly growing emerging countries such as China, Russia, Mexico , and Brazil , but also including quickly growing companies from developed countries . The meeting also engages with

2201-458: The Middle East. The mix of hosting countries varies from year to year, but consistently China and India have hosted throughout the decade since 2000. The group of Young Global Leaders consists of 800 people chosen by the WEF organizers as being representative of contemporary leadership. After five years of participation they are considered alumni. The program has received controversy when Schwab,

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2272-735: The WEF also has offices in New York, Beijing and Tokyo. In January 2015, it was designated an NGO with "other international body" status by the Swiss Federal Government under the Swiss Host-State Act. On 10 October 2016, the WEF announced the opening of its new Center for the Fourth Industrial Revolution in San Francisco. According to the WEF, the center will "serve as a platform for interaction, insight and impact on

2343-608: The WEF awarded a multimillion-dollar contract to USWeb in 1998. Yet shortly after the deal went through, Schwab took a board seat at the same company, reaping valuable stock options. In June 2021, Schwab sharply criticised the "profiteering", "complacency" and "lack of commitment" of the municipality of Davos in relation to the WEF annual meeting. He mentioned that the preparation of the COVID-related meeting in Singapore in 2021/2022 had created an alternative to its Swiss host and sees

2414-402: The WEF since 1998. The invitation was accepted. However, WEF revoked the invitation on 13 January 2016, after the 6 January 2016 North Korean nuclear test , and the country's attendance was made subject to "existing and possible forthcoming sanctions". Despite protests by North Korea calling the decision by the WEF managing board a "sudden and irresponsible" move, the WEF committee maintained

2485-727: The WEF was formally recognised by the Swiss Government as an "international body". Schwab has authored or co-authored several books. Some consider him to be "an evangelist" for "stakeholder capitalism". The Fourth Industrial Revolution , the subject of a 2016 book he wrote, is an idea he is credited with popularising. In January 2017, Steven Poole in The Guardian criticised Schwab's Fourth Industrial Revolution book, pointing out that "the internet of things" would probably be hackable. He also criticised Schwab for showing that future technologies may be used for good or evil, but not taking

2556-643: The WEF, as his successor. In October 2004, Figueres resigned over his undeclared receipt of more than US$ 900,000 in consultancy fees from the French telecommunications firm Alcatel while he was working at the Forum. In 2006, Transparency International highlighted this incident in their Global Corruption Report . Schwab founded the Global Shapers Community in 2011 within the WEF to work with young people in "shaping local, regional and global agendas." In 2015,

2627-813: The WEF. Among other awards, Schwab has been conferred with the French Legion of Honour (knight distinction), the Grand Cross with Star of the National Order of Germany , and the Japanese Grand Cordon of the Order of the Rising Sun . He also was awarded the Dan David Prize , and was recognized by Queen Elizabeth as an honorary Knight Commander of the Order of St Michael and St George . Schwab has also received honorary degrees from various universities, including

2698-493: The WSJ article was reported on, separately and respectively, in Swiss daily newspapers Tages-Anzeiger and Neue Zürcher Zeitung , where WEF further commented that "it is deeply disappointing that the WSJ made provably false allegations" and that there existed a zero-tolerance policy for this sort of misconduct. In the aftermath of these revelations, some commentators pondered the future of

2769-474: The World Economic Forum gained attention through the resignation of its CEO and executive director José María Figueres over the undeclared receipt of more than US$ 900,000 in consultancy fees from the French telecommunications firm Alcatel . Transparency International highlighted this incident in their Global Corruption Report two years later in 2006. In January 2006, the WEF published an article in its Global Agenda magazine titled "Boycott Israel", which

2840-495: The Young Global Leaders as "the most exclusive private social network in the world" and "perhaps the paramount networking network in the globe", while the organization bills the group of selected leaders as representing "the voice for the future and the hopes of the next generation". It has elsewhere also been described as a grouping that is "leading the charge in nurturing a special community of leaders committed to addressing

2911-415: The actors will obey its values." Another has suggested that the platform effectively selects already prominent and influential individuals, noting that "Young Global Leaders are not “put in power” like many believe. You cannot become a YGL unless you are already in a powerful position." Representing 70 nations, Young Global Leaders are nominated by alumni to serve six-year terms and are subject to veto during

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2982-406: The annual meeting expand its focus from management to economic and social issues, and, for the first time, political leaders were invited to the annual meeting in January 1974. Through the forum's first decade, it maintained a playful atmosphere, with many members skiing and participating in evening events. Appraising the 1981 event, one attendee noted that "the forum offers a delightful vacation on

3053-423: The basis of the first annual conference in 1971, had been marginalised to the smallest participant group (183 attendees). Next to individual participants, the World Economic Forum maintains a dense network of corporate partners that can apply for different partnership ranks within the forum. For 2019, Bloomberg has identified a total of 436 listed corporates that participated in the annual meeting while measuring

3124-860: The board of trustees (past or present) include: Al Gore , Herman Gref , André Hoffmann , Carlos Ghosn , Christine Lagarde , Chrystia Freeland , David Rubenstein , Ernesto Zedillo , Fabiola Gianotti , Feike Sijbesma , Heizō Takenaka , Indra Nooyi , Jack Ma , Jim Hagemann Snabe , José Ángel Gurría , Josef Ackermann , Klaus Schwab , Kofi Annan , Laurence Fink , Leo Rafael Reif , Luis Alberto Moreno , Marc Benioff , Mark Carney , Maurice Lévy , Michael Dell , Mukesh Ambani , Muriel Pénicaud , Niall FitzGerald , Orit Gadiesh , Peter Brabeck-Letmathe , Peter Maurer , Queen Rania of Jordan , Rajat Gupta , Susan Hockfield , Tharman Shanmugaratnam , Tony Blair , Mark Schneider , Ursula von der Leyen , Yo-Yo Ma , Zhu Min , Ivan Pictet, Joseph P. Schoendorf Peter D. Sutherland and Victor L. L. Chu.. The foundation

3195-615: The business and finance world. As of 2022, the eight most prominent countries for Young Global Leaders are China, Germany, India, Japan, Singapore, Switzerland, the United Kingdom, the USA, with these being the only countries globally who have more than 30 Young Global Leaders. Some prominent individuals who have been elected as Young Global Leaders include the following: .Judy Harrison Klaus Schwab Klaus Martin Schwab ( German: [klaʊs ˈmaʁtiːn ʃvaːp] ; born 30 March 1938)

3266-468: The chance that the annual meeting will stay in Davos at between 40 and 70 per cent. On June 29, 2024, The Wall Street Journal published an article, authored by staff reporters Shalini Ramachandran and Khadeeja Safdar, stating that Schwab is accused by former WEF employees of having engaged in two instances of sexual harassment. Furthermore, a former employee alleges that she was "pushed out" from her role as leader of an initiative for startups, following

3337-463: The context of ongoing public contributions to the WEF and the fact that the Forum does not pay any federal taxes. Moreover, the former Frankfurter Allgemeine Zeitung journalist Jürgen Dunsch made the criticism that the WEF's financial reports were not very transparent since neither income nor expenditures were broken down. Schwab has also drawn ire for mixing the finances of the not-for-profit WEF and other for-profit business ventures. For example,

3408-521: The cost for "Strategic Partner" from CHF 500,000 ($ 523,000) to CHF 600,000 ($ 628,000). The flagship event of the World Economic Forum is the invitation-only annual meeting held at the end of January in Davos, Switzerland, bringing together chief executive officers from its 1,000 member companies, as well as selected politicians, representatives from academia , NGOs , religious leaders, and the media in an alpine environment. The winter discussions ostensibly focus around key issues of global concern (such as

3479-401: The dominant ideology of the Fourth Industrial Revolution is transhumanism . While Schwab declared that excessively high management salaries were "no longer socially acceptable", his own annual salary of about one million Swiss francs (a little more than US$ 1 million) has been repeatedly questioned by the media. The Swiss radio and television corporation SRF mentioned this salary level in

3550-521: The exclusion because "under these circumstances there would be no opportunity for international dialogue". In 2017, the WEF in Davos attracted considerable attention when, for the first time, a head of state from the People's Republic of China was present at the alpine resort. With the backdrop of Brexit , an incoming protectionist US administration and significant pressures on free trade zones and trade agreements , Paramount leader Xi Jinping defended

3621-420: The expense account." Political leaders soon began to use the annual meeting as venue for promoting their interests. The Davos Declaration was signed in 1988 by Greece and Turkey , helping them turn back from the brink of war. In 1992, South African President F. W. de Klerk met with Nelson Mandela and Chief Mangosuthu Buthelezi at the annual meeting, their first joint appearance outside South Africa. At

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3692-461: The first half of 2022 instead with a final location and date to be determined later in 2021. In late December 2021, the World Economic Forum said in a release that pandemic conditions had made it extremely difficult to stage a global in-person meeting the following month; transmissibility of the SARS-CoV-2 Omicron variant and its impact on travel and mobility had made deferral necessary, with

3763-493: The foundation's regional meetings and the annual meetings where they may meet chief executives and senior government officials. At the annual meeting 2003, for example, Jeroo Billimoria met with Roberto Blois, deputy secretary-general of the International Telecommunication Union , an encounter that produced a key partnership for her organization Child helpline international . The foundation also acts as

3834-554: The founder, admitted to "penetrat[ing]" governments with Young Global Leaders. He added that as of 2017 "more than half" of Justin Trudeau's Cabinet had been members of the program. Since 2000, the WEF has been promoting models developed by those in close collaboration with the Schwab Foundation for Social Entrepreneurship , highlighting social entrepreneurship as a key element to advance societies and address social problems. Selected social entrepreneurs are invited to participate in

3905-441: The global economic scheme, and portrayed China as a responsible nation and a leader for environmental causes. He sharply rebuked the current populist movements that would introduce tariffs and hinder global commerce, warning that such protectionism could foster isolation and reduced economic opportunity. In 2018, Indian Prime Minister Narendra Modi gave the keynote speech, becoming the first head of government from India to deliver

3976-560: The governments of Germany, Japan and Norway, plus the Bill & Melinda Gates Foundation and the Wellcome Trust. Between 21 and 24 January 2020, at the early stages of the COVID-19 outbreak , CEPI met with leaders from Moderna to establish plans for a COVID-19 vaccine at the Davos gathering, with a total global case number of 274 and total loss of life the virus at 16. The WHO declared

4047-499: The inaugural keynote for the annual plenary at Davos. Modi highlighted global warming (climate change), terrorism and protectionism as the three major global challenges, and expressed confidence that they can be tackled with collective effort. In 2019, Brazilian President Jair Bolsonaro gave the keynote address at the plenary session of the conference. On his first international trip to Davos, he emphasized liberal economic policies despite his populist agenda, and attempted to reassure

4118-456: The meeting in Davos eventually rescheduled for 22 to 26 May 2022. Topics in the 2022 annual meeting included the Russian invasion of Ukraine , climate change, energy insecurity and inflation . Ukraine's president Volodymyr Zelenskyy gave a special address at the meeting, thanking the global community for its efforts but also calling for more support. The 2022 Forum was marked by the absence of

4189-516: The next generation of global leaders from fast-growing regions and competitive cities, as well as technology pioneers from around the globe. The Premier of China has delivered a plenary address at each annual meeting. Every year regional meetings take place, enabling close contact among corporate business leaders, local government leaders, and NGOs. Meetings are held in Africa, East Asia, Latin America, and

4260-416: The official program, some of which are also webcast . Not all the journalists are given access to all areas, however. This is reserved for white badge holders. "Davos runs an almost caste-like system of badges", according to BBC journalist Anthony Reuben. "A white badge means you're one of the delegates – you might be the chief executive of a company or the leader of a country (although that would also get you

4331-486: The organization convenes regional conferences. It produces a series of reports, engages its members in sector-specific initiatives and provides a platform for leaders from selected stakeholder groups to collaborate on projects and initiatives. The World Economic Forum and its annual meeting in Davos have received criticism over the years, including allegations of the organization's corporate capture of global and democratic institutions, institutional whitewashing initiatives,

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4402-667: The potential to cause major human suffering, and which require a multi-stakeholder approach for mitigation. In 2020, the forum published a report entitled Nature Risk Rising: Why the Crisis Engulfing Nature Matters for Business and the Economy . In this report the forum estimated that approximately half of global GDP is highly or moderately dependent on nature (the same as IPBES 's 2019 assessment report ). The report also found that 1 dollar spent on nature restoration yields 9 dollars in economic benefits. On 19 January 2017

4473-535: The public cost of security, the organization's tax-exempt status, unclear decision processes and membership criteria, a lack of financial transparency, and the environmental footprint of its annual meetings. The WEF was founded in 1971 by Klaus Schwab , a business professor at the University of Geneva . First named the European Management Forum , it changed its name to the World Economic Forum in 1987 and sought to broaden its vision to include providing

4544-567: The scientific and technological changes that are changing the way we live, work and relate to one another". The World Economic Forum declares that it is impartial and that it is not tied to any political, partisan , or national interests. Until 2012, it had observer status with the United Nations Economic and Social Council ; it is under the supervision of the Swiss Federal Council . The foundation's highest governance body

4615-568: The selection process. Candidates must be younger than 38 when accepted (so active YGLs are 44 and younger), and highly accomplished in their fields. There have been many hundreds of honorees, including several popular celebrities, alongside recognized high achievers and innovators in politics, business, academia, media, and the arts. The group presently comprises some 1400 individuals, many of whom head numerous governments and Fortune 500 companies, have won Nobel Peace Prizes and Grammy Awards, and are UN Goodwill Ambassadors. The selection process includes

4686-532: The top-ranking global risks expressed by WEF attendees. On June 13, 2019, the WEF and the United Nations signed a "Strategic Partnership Framework" in order to "jointly accelerate the implementation of the 2030 Agenda for Sustainable Development ." The 2021 World Economic Forum was due to be held from 17 to 20 August in Singapore . However, on 17 May the Forum was cancelled; with a new meeting to take place in

4757-476: The world that Brazil is a protector of the rain forest while utilizing its resources for food production and export. He stated that "his government will seek to better integrate Brazil into the world by mainstreaming international best practices, such as those adopted and promoted by the OECD ". Environmental concerns like extreme weather events, and the failure of climate change mitigation and adaptation were among

4828-452: The world's most urgent challenges." Skeptics suggest that the grouping is "instrumental in shaping policy around the world, undermining democratic principles, and creating obedient and compliant servants" In dispelling such conspiracy theories of the influence of the organisation, Michelle Rempel , a Canadian Conservative politician who found out she had been selected as a Young Global Leader in 2016 with an email that she initially had assumed

4899-404: Was distributed to all 2,340 participants of the annual meeting. Following the publication, Klaus Schwab described the publication as "an unacceptable failure in the editorial process". In late 2015, the invitation was extended to include a North Korean delegation for the 2016 WEF, "in view of positive signs coming out of the country", the WEF organizers noted. North Korea has not been attending

4970-405: Was not directly related to Schwab. The WSJ article quoted the WEF's response to the specific allegations against Schwab, which the authors had gathered before publishing the article, as: "Schwab has never made sexual advances toward an employee and the women's allegations were vague and false" and that “Mr. Schwab does not and has never engaged in the vulgar behaviors you describe”. Three days later,

5041-498: Was spam, noted that the 2017 meeting was "no different in feel from an academic conference, if a bit more global in nature and with more high-profile politicians and CEOs in attendance." One academic, having studied the grouping, pointed out that while such social networks provides "privileged access to a network of elites" and represents "a concentration of cultural and social as well as symbolic capital", it would be simplistic to conclude that membership would "deterministically imply that

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