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COMMITTED TO IMPROVING THE STATE

OF THE WORLD

AnnualReport2009-2010

www.weforum.org

Annual_Report_2010_16Aug:Layout 1 17.08.10 08:06 Page 2

Executive Chairman’s Statement

Managing Board Statement Page 4

Shaping the Global Agenda: The Annual Meeting 2010 Page 6

Shaping the Global Agenda: Annual Meeting of the New Champions 2009 Page 8

Shaping the Regional Agenda Page 9

Shaping the Industry Agenda Page 10

Our Intellectual Backbone Page 11

Improving the State of the World through Multistakeholder Initiatives Page 14

Special Achievements 2009-2010 Page 15

Our Business and Non-Business Communities Page 17

Public Engagement Page 21

Our Organization Page 22

Our financial results Page 25

Contents


World Economic Forum Annual Report 2009-2010

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The World Economic Forum is anindependent international organizationcommitted to improving the state ofthe world by engaging leaders inpartnerships to shape global, regionaland industry agendas.


Executive Chairman’s StatementWorld Economic Forum Annual Report 2009-2010

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Executive Chairman’s StatementProfessor Klaus Schwab

Founder and Executive Chairman of the World Economic Forum

The global economic crisis continues to challengebusiness, government, civil society organizations andindividuals to cope with its roiling impact, adapt tonew post-crisis realities and determine how to createfresh opportunities for growth and engagement insociety. The financial emergency in Europe andturbulence in the markets underscore the need forconstant vigilance and close cooperation to respondquickly to critical issues such as coordinating financialregulatory reform to prevent another meltdown orrebuilding Haiti following the devastating earthquake.

challenges of the 21st century by bothtackling immediate problems and shapingsolutions to global issues that requiresignificant time and great care toimplement. The Global Redesign Initiative(GRI), which was launched at the AnnualMeeting 2009, convened all ourcommunities and constituents to findways of improving internationalcooperation and restructuring institutionsand mechanisms of global governance.The Forum’s more than 70 Global AgendaCouncils, a brain trust of over 1,500experts and thought leaders frombusiness, government and civil society,drove this landmark collaboration, with thestrong support of four patrongovernments – Qatar, Singapore,Switzerland and Tanzania.

To serve our Partners, Members andconstituents during the past year, the 40thanniversary of the World Economic Forumwas a great opportunity and privilege formy colleagues and me as we pursuedtogether our mission to improve the stateof the world.

The international community mustpurposefully move ahead with approachesto critical long-term priorities, such asfighting climate change, reformingeducation systems for globalization ageand dealing with persistent public healthdeficiencies and poverty, especially indeveloping regions.

In the past year, the World EconomicForum has once again been privileged todemonstrate that it is an organizationuniquely suited to addressing the

Through this comprehensive co-creativeprocess, the councils proposed numerousinnovative recommendations, highlightingnew partnerships and systemicapproaches to adapt and better preparethe global system for contemporarychallenges. This resulted in the publicationof 58 concrete proposals in a report titledEverybody’s Business: StrengtheningInternational Cooperation in a MoreInterdependent World. These proposalswere discussed and debated at the GlobalRedesign Summit in Doha, Qatar, at theend of May 2010.

The GRI is not an end in itself, but ratherthe beginning of a sustained process inwhich these proposals are further refinedand advanced into the various global,regional and national political processes,

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Executive Chairman’s StatementWorld Economic Forum Annual Report 2009-2010

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In times of uncertainty and extremevolatility, there are of course opportunities.The Forum, as a respected and neutralplatform for addressing the world’s majorchallenges, is more widely recognized andembraced than ever. At Davos-Klosters inJanuary 2010, 2,500 leaders from over 90countries participated under the theme“Improve the State of the World: Rethink,Redesign, Rebuild”. The Annual Meeting isnot only the world’s foremost businessgathering, with 1,400 top executivesparticipating, it also offers unparalleledopportunities for corporate chiefs tointeract with the most important politicalleaders, thought leaders, Young GlobalLeaders, Women Leaders, Trade UnionLeaders and heads of NGOs, all carefullyselected to make sure that all theconstituents of global society arerepresented and fully integrated in theagenda.

Our Partners, Members and all ourcommunities – from the SocialEntrepreneurs to the Global UniversityLeaders, from the Technology Pioneers tothe Faith Communities – have never beenmore active and responsive. We could nothave facilitated this unprecedented level ofsincere collaboration without thecommitment of our dedicated and hard-working team in our offices in Geneva,New York, Beijing and now Tokyo. Theyreflect the great diversity of ourmembership and our activities.

I am pleased to welcome Alois Zwinggi tothe Managing Board who has joined usfrom the Holcim Group to lead our HumanResources and Finance teams. MarisolArgueta de Barrillas, the former ForeignMinister of El Salvador, also joined us as aSenior Director. I note that women nowrepresent over 60% of Forum staff at thedirector level and above.

Reflection on the 40th anniversary of theWorld Economic Forum has not given wayto complacency, but rather has served asa reminder of the continuing importance ofthe principles on which the organizationwas founded. At our recent meetings,including the World Economic ForumAnnual Meeting in Davos-Klosters and theGlobal Redesign Summit in Doha, many

including the preparations for the G20Summit that the Republic of Korea willhost in November and the critical UnitedNations Climate Change Conference inMexico at the end of that same month.The GRI has added a new dimension tothe World Economic Forum: to be a highlywelcomed partner of governments andinternational organizations when theyreach out to all stakeholders in globalsociety to define optimal solutions forglobal problems.

Based on the work of the Global AgendaCouncils, the GRI, WELCOM and all thefoundational elements established by theForum over the last 40 years, our newinitiative, the Global Agenda Partnership,represents a logical evolution. The coreidea behind it is to provide an interactiveplatform for business and governments toface the critical challenge ofunderstanding the nature and drivers ofsystemic risks and the potentialvulnerabilities of their strategies andpolicies. The Global Agenda Councils willsupport a comprehensive effort to findways to avoid systemic shocks andmitigate risks. The aim is to create a“Global Situation Space” for real-time riskmanagement based on the analysis ofworst-case scenarios and to establish thenecessary partnerships for action amonggovernments, business and experts.

As we move to create the Global AgendaPartnership, what is clear is that theForum must strengthen its alreadyconsiderable role as a trusted aggregatorand integrator of information, data andinsight relevant to our Partners, Members,communities and constituents.

We have to continue to venture to newhorizons, reflecting the world as itintegrates new players. This year, theForum held regional meetings in threedeveloping nations – Colombia, Tanzaniaand Vietnam – all of which had neverbefore hosted a Forum event. Thisdemonstrated our commitment toensuring that all voices are heard and thatparticipation in all our activities is asrepresentative as possible.

participants enthusiastically supported theForum’s efforts to marshal further itsintellectual resources and multistakeholdermembership. At the same time, theystressed the urgency of moving fromdiscussion to real action.

Indeed, as we look ahead to the fourth“Summer Davos” Annual Meeting of theNew Champions in Tianjin, People’sRepublic of China, in September 2010and the next Annual Meeting in Davos-Klosters in January 2011, we must allfocus on how to turn proposals into viablepolicies. All decision-makers today have tocope with tremendous time pressure andthe ever-increasing complexity of issues.Our role is to help to sort out priorities andto connect the relevant issues and actorsin a world where much more cooperationis urgently required to master thetransformational change that we clearlyneed.

The work of the past year has shown thatthe efforts of all stakeholders are essentialto adapt the international system to ourincreasingly interconnected andinterdependent world. The cross-cuttingefforts of our undertakings have drawn onnearly every aspect of our capabilities andinspired us to improve the state of theworld with an even deeper sense ofmission. My colleagues and I at the WorldEconomic Forum remain dedicated tocooperate with our Partners, Membersand communities, whom I thank for theirengagement and loyalty over the pastyear. I am passionate about leading anorganization that has attracted so muchtalent committed to the spirit ofentrepreneurship in the global publicinterest.


Managing Board StatementWorld Economic Forum Annual Report 2009-2010

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Managing Board Statement

In living up to our motto of entrepreneurship in the globalpublic interest, the World Economic Forum is morecommitted than ever to serving our Partners, Members andcommunities in innovative and effective ways. A centralfocus of our attention is on how to broaden and deepen thecapacity of our staff to handle more complex andchallenging responsibilities and to make the interactions withall Partners and stakeholders as productive as possible.

Beyond increasing numbers, we have alsosucceeded in broadening the geographicand industry representation among theForum’s Strategic Partners and Members.Special efforts to bolster our presence inChina, Japan and the US and to reflectthe growing importance of Asia and otherdeveloping regions have yielded results.Of our 100 Strategic Partners, 24 are fromoutside North America and WesternEurope, while over one-half of our GlobalGrowth Companies are from emergingeconomies. This year, the Forum amplydemonstrated its widening geographicdiversity by successfully holding regionalmeetings with record participation inCartagena, Dar es Salaam and Ho ChiMinh City, dynamic cities in developingcountries that had not previously hosted aForum event.

The World Economic Forum began its40th anniversary with its membershipstrong and growing, and its relevance as avital multistakeholder institution greatlyenhanced. The robust engagement andvigorous participation of our communitiesand constituents in all our activities duringa period of global economic stress andfinancial constraint inspires and energizesus to redouble our abiding commitment toimproving the state of the world.

The Forum’s work is more important thanever. This was demonstrated by ourgrowth in 2009-2010. We reached ourcap of 100 Strategic Partners andmaintained the limit of 1,000 Members.Our vibrant Industry Partner communityexpanded by 22% to 378, while themembership of the dynamic GlobalGrowth Companies increased by 20%toover 250, halfway to the long-termtarget of 500.

Even as the Forum has reached out toemerging regions and countries, ourenduring relationships have remained solidand have strengthened further. Thecoming of age of the “Summer Davos”meeting, the Annual Meeting of the NewChampions, which was held for the thirdtime in September 2009 in Dalian,underscored the Forum’s long andproductive partnership with the People’sRepublic of China. In November 2009, wecelebrated 25 years of ties with India withrecord participation at the India EconomicSummit. In early May 2010, the 20thWorld Economic Forum on Africa tookplace in Dar es Salaam, with the steadfastsupport of the government of Tanzania,the participation of 11 African heads ofstate or government, and the vigorousengagement of nearly 1,000 business,government and civil society leaders from85 countries.

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Managing Board StatementWorld Economic Forum Annual Report 2009-2010

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November 2010. In June 2010, 50 YoungGlobal Leaders (YGLs) launched the ParisInitiative to brainstorm on proposals forthe forthcoming French presidency of theG20 in 2011.

The Forum is regarded more and morewidely as a trusted and neutral platformfor fostering public-private partnerships.Innovative programmes such as A NewVision for Agriculture, the GlobalEducation Initiative, the Partnering AgainstCorruption Initiative and the Mining &Metals Industry Partnership for fair mineraldevelopment are some examples of howthe Forum connects the various playersneeded to act on a host of critical issues.At a time when multistakeholdercollaboration is essential to addressingglobal problems effectively, our capacity tobring to the table – often at unpublicizedyet groundbreaking encounters – crucialactors who may have been reluctant tocome together in other formats hassecured the Forum’s credibility andtrustworthiness.

We at the Forum are especially proud ofthe role we have played in marshallingmultistakeholder collaboration forcoordinating relief for and the rebuilding ofHaiti after the serious earthquake inJanuary 2010, just days before the start ofthe Annual Meeting in Davos-Klosters.The rapid and generous response of theinternational community, particularly theprivate sector, at the first major globalgathering after the disaster was especiallygratifying. The continued focus on Haiti atthe World Economic Forum on LatinAmerica in Cartagena three months laterdemonstrated again the power ofmultistakeholder cooperation. The Forumhas served as a critical platform forbringing together corporations,governments and humanitarianorganizations to create unprecedentedpartnerships for tackling thereconstruction challenges posed by thisunparalleled catastrophe.

The uncertainty of the times, of course,has sparked some of the heightenedinterest in the Forum as a platform foraddressing the major global challenges ofthe day. Rather than look inward,governments, businesses and civil societyorganizations have seen the benefits ofinternational cooperation in dealing withthis transformational crisis. Whether atDavos or Dalian, more and more peoplewant to participate by learning andcontributing.

We believe, however, that the main factorsthat have drawn new Partners andMembers to join the Forum and motivatedexisting Members to deepen theirparticipation have been the relevance,effectiveness and timeliness of our events,initiatives and other activities. At theAnnual Meeting 2010, for example, thehighlight of the traditional InformalGathering of World Economic Leaders(IGWEL) were sessions that broughttogether key representatives from thepolitical, banking and regulatory spheresaround the world in a collegial yet candidexchange of ideas for moving forward withcritically needed financial regulatoryreform.

Launched at the Annual Meeting 2009,the Global Redesign Initiative (GRI) led tothe release at the Global RedesignSummit in Doha in late May 2010 of 58proposals for strengthening internationalcooperation. This engagement by theForum’s many communities, including the1,200 thought leaders who participate inover 70 Global Agenda Councils, was asterling example of how the Forum servesas a unique platform for multistakeholderexchange and action, contributing not justto the public debate over global issues butalso to the various national, regional andglobal policy-making processes to tacklethem. Consider how the Forum and itscommunities are collaborating with theGovernment of Mexico as it prepares tohost the United Nations Climate ChangeConference in Cancún at the end of

In living up to our motto ofentrepreneurship in the global publicinterest, the World Economic Forum ismore committed than ever to serving ourPartners, Members and communities ininnovative and effective ways. A centralfocus of our attention is on how tobroaden and deepen the capacity of ourstaff to handle more complex andchallenging responsibilities and to makethe interactions with all Partners andstakeholders as productive as possible.

Our organizational DNA must continuouslyevolve to respond to the shifting globaleconomic, political and social landscape.We are always aiming to create morevalue for our constituents. In this effort, weare committed to improving the diversityof our workforce. We are also taking stepsto ensure that participation in all ourevents is more representative and that weare as inclusive as possible whenorganizing meetings and shapingagendas.

We thank our Partners, Members, all ourcommunities and colleagues for theirprofound and unwavering commitment tothe Forum and their vital participation inour activities. We look forward tocontinuing to celebrate the Forum’s 40thanniversary in 2011 by renewing ourpassion and dedication to our mission toimprove the state of the world.

The Managing Board of the WorldEconomic Forum


Shaping the Global Agenda: World Economic Forum Annual Meeting 2010World Economic Forum Annual Report 2009-2010

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Shaping the Global Agenda:World Economic Forum Annual Meeting 2010

This year’s Annual Meeting in Davos-Klosters was the 40ththe World Economic Forum has convened. In his openingremarks, Founder and Executive Chairman Klaus Schwabexpressed deep concern that 2010 could evolve into a yearof social crisis, following the financial turmoil of 2008 andthe economic downturn of 2009. Governments in particularrisk becoming so overwhelmed by domestic concerns thattheir ability to contribute to the global stewardship that isdesperately needed today would be curtailed. Such anoutcome could set the stage for a generational crisis as fiscalburdens mount and political cynicism spreads among youngpeople.

In his opening address, President NicolasSarkozy of France underscored that globaleconomic imbalances had to beaddressed for the world to emerge fromthe global economic crisis and preventfuture meltdowns. “Countries with tradesurpluses must consume more andimprove the living standards and socialprotection of their citizens,” he remarked.“Countries with deficits must make aneffort to consume a little less and repaytheir debts.” These twin challenges werethe focus of much of the debate on theeconomic landscape among participants.Sarkozy argued for “a new Bretton

The realization that assumptions about thefuture are changing at every level of globalsociety inspired the decision to organizethe Annual Meeting under the theme“Improve the State of the World: Rethink,Redesign, Rebuild”. This reflected thecollaborative work being done in theGlobal Redesign Initiative (GRI), which theForum launched at the Annual Meeting2009. The critical question on the mindsof participants at this year’s 40thanniversary gathering: How can theinternational community make betterdecisions, take more effective action andrealize more productive outcomes?

Woods” and pledged that France wouldplace the reform of the internationalmonetary system on the agenda when itchairs both the G8 and G20 in 2011.

The leaders of Canada and the Republicof Korea, the incumbent chairs of the G8and the G20 respectively, aimed to usetheir presence at the Annual Meeting tobuild support for the global agenda in2010. “It is important that the G20 reachout to those not taking part, listen to theirneeds and reflect them in ourdiscussions,” said Lee Myung-Bak,President of the Republic of Korea, who is

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Shaping the Global Agenda: World Economic Forum Annual Meeting 2010World Economic Forum Annual Report 2009-2010

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organizations.” To this end, the WorldEconomic Forum convened relevantpolicy-makers and experts from among itsGlobal Agenda Councils for a GlobalRedesign Summit on 30-31 May 2010 inDoha, Qatar. The aim was to bringtogether experts from governments,international organizations, universitiesand think tanks to examine gaps ininternational cooperation and developproposals to overcome theseshortcomings.

The Annual Meeting 2010 highlighted thestrong unity of purpose in the internationalcommunity in responding to humanitarianand development challenges. A majorearthquake decimated Haiti just daysbefore participants arrived in Davos-Klosters. In a special session, former USPresident and current UN Special Envoyto Haiti William J. Clinton called forimmediate aid and sustained investmentto assist in rebuilding the Caribbeannation. While participants from business,government and civil society cametogether to pledge immediate relief andtechnical assistance, they also focused onthe long-term goal of increasing privatesector involvement in rebuilding Haiti’seconomy. The need to integrate theprivate sector into reconstruction effortswas the basis for the creation of apartnership on Haiti among the ClintonGlobal Initiative, the United Nations andthe World Economic Forum.

The marking of the 10th anniversary ofwhen the idea for the Global Alliance forVaccines and Immunisation (GAVI) wasconceived in Davos reminded participantsof the importance of long-termdevelopment commitments. The GAVIAlliance has saved over 4 million lives andimmunized an additional 256 millionchildren in the world’s poorest countries.At the Annual Meeting in Davos, Bill andMelinda Gates, Co-Chairs of the Bill andMelinda Gates Foundation, a foundingpartner of the GAVI Alliance, pledged US$10 billion to vaccinate over 8 million

to host the G20 Summit in November2010. “Otherwise, [the G20] will not beeffective.” Prime Minister Stephen Harperof Canada, who hosted G8 and G20Summits in June 2010, acknowledgedthat world leaders disagree over climatechange, trade and measures to safeguardthe global financial system. To squarenational with global interests, countrieshave first to recognize the legitimacy ofthe points of view of others.

Harper had reminded participants why theinternational community failed to come toan agreement on climate change at theUnited Nations conference in Copenhagenin December 2009. “The negotiation-by-consensus mechanism is not working,”President Felipe Calderón of Mexicostressed at Davos. The next UnitedNations Framework Convention onClimate Change Conference is to takeplace in Cancún at the end of November2010. “We cannot tackle [problems suchas climate change] with instruments thatwere created in 1945,” Calderónremarked. “We need to create newinstruments for a new era.” In this spirit,the Forum released two reports in Davos –Green Investing: Towards a Clean EnergyInfrastructure and Green Investing 2010:Policy Mechanisms to Bridge theFinancing Gap – to promote new solutionsfor government and industry to worktogether in partnership to address globalwarming.

Reflecting on the failure to conclude theDoha Round of global trade negotiationsand the pervasive poverty affecting themajority of the world’s population,President Jacob G. Zuma of South Africaobserved that “we have structures thatwere developed decades and decadesago when circumstances were different.”He added: “In the end, the majority of theworld does not have the right to takedecisions for themselves. We havereached a point today when it is time torethink and redesign, including decision-making processes of existing

children in the next decade. MelindaGates served as a Co-Chair of the AnnualMeeting 2010.

The “spirit of Davos” was also evident inanother celebration – South Africa’s WorldCup Kick-Off. In a colorful and rousingrally, participants cheered the arrival of theworld’s greatest sporting event on thecontinent of Africa.

Open Forum Davos 2010

The Open Forum, organized incooperation with the Federation of SwissProtestant Churches, runs at thesametime as the Annual Meeting. It offersan open debate between members of thepublic and participants in the AnnualMeeting.

The Open Forum 2010 attracted a widerange of local people from all walks of lifewith over 2,000 people participating in thedifferent sessions of the Open Forum,which were broadcasted by Swiss TV.

Topics covered included Switzerland:Misfit or Model?; After the Financial Crisis;Climate Change; Does Religion’s Claim toTruth Lead to Violence?; The AgeingSociety; "Yes We Can?"; and A Worldwithout Nuclear Weapons. The OpenForum included in-depth conversationsand lively discussions between the publicand participants of the Annual Meeting.


Shaping the Global Agenda:Annual Meeting of the New Champions 2009

The third Annual Meeting of the New Champions markedthe return of the “Summer Davos” gathering to Dalian. Theevent was once again organized in close partnership withthe People’s Republic of China. One year after the globalfinancial crisis and in the midst of a “Great Recession”, over1,000 leaders from business, government and civil society,representing more than 80 countries, focused their attentionon how to ensure a sustainable global economic recovery.The theme of the Meeting – “Relaunching Growth” – was animportant objective of the Forum’s community of GlobalGrowth Companies.

Participants focused on addressing fivekey questions:

How are business models changingfor global companies in the wake ofthe “Great Recession”?How prepared are Asian economiesfor a long period of increased savingand decreased consumption in theWest?

In his opening remarks, Chinese PremierWen Jiabao captured best the spirit of thisAnnual Meeting of the New Champions:“The world economy is undergoingprofound changes and transition. Thefuture and destiny of all countries are moreclosely interconnected than at any time inhistory. We should be more forward-looking and more broad-minded.”

How are pressing societal needsinfluencing the pace and profile of thefuture recovery?How will government and industrymeet rising expectations for greenergrowth and a post-carbon economy?How will science and technology driveglobal competitiveness in the future?

Shaping the Global Agenda: Annual Meeting of the New Champions 2009World Economic Forum Annual Report 2009-2010

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Shaping the Global AgendaWorld Economic Forum Annual Report 2009-2010

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Shaping the Regional Agenda

Besides its two Annual Meetings, the World Economic Forum brought together

leaders in key regions of the world. Business, government, academia, civil

society and media representatives participated in the regional events.“

”India Economic Summit8-10 November 2009The World Economic Forum celebrated 25 years of collaboration and activeengagement in India in 2009. The annual India Economic Summit has emergedas an institution in Indian business, policy and political circles. The 2009 Summitwas a unique and historic opportunity to bring together key domestic andinternational stakeholders to explore the Indian economy in depth, and identify theopportunities and challenges shaping the country’s future business environment.

“India looks to the future with confidence. We are confidentof meeting the domestic and international challenges to fastand inclusive growth. We are also better placed than anytime in the recent past to push the reform process forward. Ibelieve we have a bright future if we make use of strengthsand the opportunities that we get.” Manmohan Singh

Prime Minister of India

World Economic Forum on Latin America6-8 April 2010With the resolute support of the government of Colombia, the World EconomicForum on Latin America in Cartagena welcomed 550 global and regionalleaders to construct “New Partnerships for a Sustainable Recovery”.Participants from more than 40 countries representing business, government,academia and civil society addressed pressing issues.

“We have common roots. We all agree on strengtheningour democratic institutions because what is at stake is ourfuture. Integration is possible.”

Fernando Armindo Lugo Méndez President of Paraguay

World Economic Forum on Africa5-7 May 2010The World Economic Forum celebrated 20 years of partnership andengagement in Africa with a successful meeting in Dar es Salaam, Tanzania.The meeting, held for the first time in East Africa, generated an unprecedentedlevel of participation as 12 heads of state and government and 100 publicfigures joined over 1,000 business and civil society leaders from 85 countries.

“Africa’s potential is immense in terms of human andnatural resources. It’s a contradiction then that Africaremains poor. These resources are under exploited. Thereare constraints of skills, technology and capital financialresources to develop these resources, as well as putting inthe right political and economic policies.”

Jakaya M. KikwetePresident of Tanzania

World Economic Forum on Europe10-11 May 2010With the full support of the Belgian government and the new EU leadership, aswell as the Forum’s key Strategic Partners, the World Economic Forum onEurope convened 400 of the most prominent leaders from the European Unionand other parts of the world to outline the future of Europe and its role in theworld.

“We can make the case for these reforms. We needleadership at European and national levels. With this, wecan counter the trends of populism and narrownationalism.”

José Manuel BarrosoPresident, European Commission, Brussels

World Economic Forum on East Asia6-7 June 2010As chair of ASEAN in 2010 and one of the world’s fastest-growing economies,Vietnam was the ideal location for leaders from East Asia, and those operating inthe region, to collaborate towards a sustainable economic recovery and ensure theregion’s future competitiveness. Asia must take a greater outward approach andleadership in global cooperation, while proactively addressing chronic challengesfacing the region such as natural catastrophic risks, food security and talent.

“The recent crisis has revealed the weaknesses andshortcomings of global governance. We need a moredemocratic world, and we need to touch upon the rightrole of the developing countries.”

Nguyen Tan DungPrime Minister of Vietnam; Chair, 2010 ASEAN

World Economic Forum on the Middle East and North Africa Marrakech, Morocco 26-28 October 2010Business leaders, policy-makers, intellectuals and opinion shapers from theregion and globally will gather at the World Economic Forum on the Middle Eastand North Africa. Hosted by the government of Morocco, the meeting will providea unique platform to collectively decode the post-crisis global reality for decision-making at the national and regional levels.

“The World Economic Forum on the Middle East and NorthAfrica will provide an exceptional platform to addresschallenges for the region. It will also provide an occasionto explore the perspectives of the future of European andMediterranean cooperation and its implications for theregion.”

Abbas El FassiPrime Minister of Morocco


Shaping the Industry AgendaWorld Economic Forum Annual Report 2009-2010

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Shaping the Industry Agenda

In strong partnership with industry and other stakeholders, theWorld Economic Forum is engaged in shaping industryagendas, a role central to its mission. In 2009-2010, theForum worked with Industry Partners on over 30 initiativeslinked to their strategic interests and the Forum’s mission toimprove the state of the world. Industry Partners haveprovided valuable contributions to the Global RedesignInitiative (GRI) and the Global Agenda Councils.

In all these cases, the active participationof our Industry Partners in amultistakeholder process has been crucialto shaping the global industry agenda.

Industry Partnerships are managed fromboth the Geneva headquarters and theNew York office of the Forum’s affiliate, theWorld Economic Forum USA. As of 30June 2010, they cover the followingsectors:

The Forum’s initiatives focus on globalchallenges that require multistakeholderengagement to address them fully. Theneutral platform that the Forum offers isessential. On sustainability, the Forum isengaged with industry, government andcivil society to move beyond macro policydiscussions to look at practical waysforward. On financial system reform, theForum has promoted critical discussionsof all the key issues, particularly throughthe GRI.

These deliberations have led to thedevelopment of specific recommendationsfor action and the publication of a numberof insightful reports. In the health sector,the Forum has provided a platform fordiscussion of important emerging issuessuch as non-communicable diseasesincluding diabetes and the appropriatemanagement of health data. On foodsecurity, the Forum has brought togethergovernments, businesses and keyinternational organizations to create aNew Vision for Agriculture, an initiative topromote public-private partnerships forsustainable agriculture and food security.

GenevaChemicals IndustryHealthcare IndustryInfrastructure & Urban DevelopmentIndustryMining & Metals IndustryOil & Gas IndustryProfessional Services IndustryRenewable Energy IndustryUtilities & Technology Industry

New YorkAgriculture, Food & BeverageIndustryAutomotive IndustryAviation, Travel & Tourism IndustryBanking & Capital Markets IndustryInformation Technology IndustryInsurance & Asset ManagementIndustryLogistics & Transport IndustryMedia, Entertainment & InformationIndustryPrivate Investors IndustryRetail & Consumer Goods IndustrySovereign Funds IndustryTelecommunications Industry

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Our Intellectual BackboneWorld Economic Forum Annual Report 2009-2010

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Our Intellectual Backbone

To shape the global, industry and regional agendas, theForum must be not only community-driven but also constantlyahead of the curve, continuously on the lookout forchallenging issues on the corporate horizon. The Forum’sstrength is its capability to understand and assess theinterrelationships among global, regional and industryissues.

Each of the patron governments hosted acountry hearing on a specific priority forglobal redesign.

Released at the Global Redesign Summitin Doha, Qatar, at the end of May 2010,the report entitled Everybody’s Business:Strengthening International Cooperation ina More Interdependent World, which wasdeveloped with a team of rapporteurs andleading authorities, captured the findingsof the GRI in a systemic overview of eachof the themes of the investigation. Itdetailed 58 proposals that emerged fromthe discussions.

Among them: a central data repository forearly indications of systemic financialstress, ways to attract more privatefinance into low-carbon investment, thecreation of a Global Energy Forum, a newframework for cyber security, newapproaches to ocean management andthe development of a health footprint forimproved comparability and tracking inthe healthcare sector.

Global Redesign Initiative

Sponsored by the governments of Qatar,Singapore, Switzerland and Tanzania, theGlobal Redesign Initiative (GRI) hasgenerated unprecedented globalmultistakeholder engagement on the mostpressing global issues and theinternational cooperation needed toaddress them more effectively.

Over a year and a half of discussion anddebate since the GRI’s launch at theWorld Economic Forum’s Annual Meeting2009 in Davos-Klosters, over 1,200experts developed redesign proposals inmore than 50 thematic areas.

An estimated 3,000 leaders from all of theForum’s industry, governmental, civilsociety, academic and mediacommunities, and from The Forum ofYoung Global Leaders contributed to thisprocess through task forces andinteractive sessions at the “SummerDavos” Annual Meeting of the NewChampions 2009 in Dalian, this year’sAnnual Meeting and various regionalmeetings.

The Summit in Doha offered numerousopportunities for key stakeholders toprovide vital feedback on the proposals inan effort to refine them further and movethem forward into the various global,regional and national policy processes,including preparations for the G20summits and the United Nations globalconference on climate change at the endof 2010.www.weforum.org/gri

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communities are now working togetherthrough various policy-making channels toturn proposals into viable and appropriatepolicies to address critical global issuesand improve the performance ofinstitutions and mechanisms ofinternational cooperation.

By actively collaborating to monitor keytrends, identify global risks, mapinterrelationships, address knowledgegaps and develop solutions, the Networkof Global Agenda Councils has becomethe Forum’s vital intellectual backbone.

The Forum is moving ahead with plans toforge a new Global Agenda Partnershipthat will serve as an interactive platform forbusiness and governments to face thecritical challenge of understanding thenature and drivers of systemic risks andpotential vulnerabilities of their policies andstrategies.

The Global Agenda Councils will provideessential support for this comprehensiveeffort to find ways to avoid systemicshocks and mitigate risks. The aim is todevelop mechanisms for real-time riskmanagement based on the analysis ofworst-case scenarios and to establish thenecessary multistakeholder partnershipsfor action.www.weforum.org/gac

The Global Competitiveness Network

With over 30 years of developing itsexpertise, the Global CompetitivenessNetwork stands out as one of the leadingcentres for assessing and analysingcompetitiveness through the publication ofits flagship Global Competitiveness Reportand other topical and regional reports.

These products continue to offer businessexecutives, policy-makers, academia andcivil society valuable benchmarking tools

The Network of Global Agenda Councils

The World Economic Forum’s Network ofGlobal Agenda Councils comprisesinterdisciplinary, multistakeholder groupsof experts on major challenges facing theworld. This year, some 1,200 leadingauthorities from academia, government,business and other fields joined togetherin 76 councils to capture the bestknowledge and insights on key issues andintegrating them into various globalmechanisms for collaboration anddecision-making.

As part of the Forum’s Global RedesignInitiative (GRI), Global Agenda Councilmembers worked to identify gaps anddeficiencies in international cooperationand shape proposals for addressing them.The councils became the critical drivers ofthe GRI process, which was launched atthe Annual Meeting 2009.

They discussed and debated their ideas atthe Summit on the Global Agenda inDubai on 20-22 November 2009, wheremembers of each council had theopportunity to exchange and collaboratewith councils on related issues.

The proposals that emerged from theSummit went forward to the AnnualMeeting 2010 in Davos-Klosters, wheregovernment leaders, heads ofinternational organizations, CEOs, tradeunion and NGO chiefs, academics andothers helped to sharpen and refine them.Councils also conducted sessions atregional events and virtually, through theForum’s WELCOM network.

At the Global Redesign Summit in Doha,Qatar, on 30-31 May 2010, the Forumpublished 58 proposals, a majoritydeveloped by the Global AgendaCouncils, in a GRI report, which itpresented to government, industry andcivil society leaders. The Forum and its

and provide invaluable insights into thepolicies, institutions and factors thatenable economic development. In 2009-2010, in addition to The GlobalCompetitiveness Report 2009-2010, theNetwork published The Global InformationTechnology Report 2009-2010 (withINSEAD), The Global Enabling TradeReport 2010, The India CompetitivenessReview 2009, The Lisbon Review 2010,and a report on Enabling Trade in theGreater ASEAN Region.www.weforum.org/gcr

Global Risk Network

The Global Risk Network tracks a core setof risks that are global in nature andimpact, assessing their likely evolution andhighlighting how their interconnectIonsrequire a multistakeholder approach if theyare to be successfully mitigated.

In recent years, economic risks havedominated the global risk landscape assuccessive crises, ranging from food pricespikes to asset price collapses and theensuing fiscal turmoil, have shaken theglobal economy and have underminedconfidence in the institutions andmechanisms of international cooperation.

Bringing together leaders from business,government, civil society institutions andacademia, the network convenes expertmeetings throughout the year to examinethese and other pressing issues on theglobal risk landscape in the medium tolong term and to consider innovativemeans to improve how they are managed.

The insights that are captured are fed intothe preparation of the annual Global RisksReport, the latest edition of which wasreleased in January 2010 prior to theAnnual Meeting in Davos-Klosters.www.weforum.org/globalrisks



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WELCOM

With Strategic Partners includingAccenture, Adobe, BT, Thomson Reutersand TIBCO, the World Economic Forumhas developed the World EconomicLeaders COMmunity, or WELCOM, theworld’s foremost virtual community ofglobal discussion-makers. The Forumopened the network to all participants atthe Annual Meeting 2010. Membershiphas been growing consistently.

Participants at the Annual Meeting of theNew Champions 2010, the “SummerDavos”, in Tianjin, People’s Republic ofChina, are all to have access.

The Forum has designed WELCOM to beits collaborative platform for top globaldecision-makers from business,government, civil society and all otherstakeholder communities. The activities ofForum teams and other interaction amongForum communities and constituents aregradually moving onto WELCOM.

These factors are driving the developmentof WELCOM :

The Forum is strengthening andexpanding its role as the leadingknowledge aggregator, providingsecure and trusted access to broadand in-depth insights sourcedinternally through all its communities,initiatives and events, and externallyfrom leading knowledge providers.

WELCOM is becoming a virtualextension of everything the Forum isundertaking, providing continuousinteraction and community-buildingopportunities. The platform willsupport the work of the GlobalAgenda Partnership and the GlobalAgenda Councils, the preparation ofagendas for events, the follow-up aftersessions and the conduct of virtualmeetings. The aim is to fosterknowledge building and exchange,and allow members to extend theirnetworks and brainstorm continuously.

Scenario Planning

In 2009-2010, the Scenario Planning teamworked with the World Economic Forum’sIndustry Partners on three major cross-industry projects, engaging leaders innumerous highly interactive and thought-provoking workshops and processes.

The Forum’s Mining & Metals communityengaged in a Scenario Planning project,deepening insight into the sector’scomplex operational context by bringingtogether multidisciplinary andmultistakeholder perspectives. The projectprovided useful tools to improve strategicdecision-making and identify strategies forcollaborative action.

Partnering with Information TechnologyIndustry Partners, the Future of CloudComputing project explored the potentialof cloud computing, its benefits and risksto businesses, society and the globaleconomy, and the barriers that mayimpede its deployment and adoption rate.A second phase of the project will focuson how to overcome obstacles throughhighly interactive multistakeholdercollaboration.

The Scenario Planning Team was alsoinvolved in the Forum’s DrivingSustainable Consumption initiative,collaboratively building an ideal vision forthe future of sustainable consumption,facilitating workshops and helping tostructure the final publication, which laidout strategic options for realizing thatvision.

These forward-looking projects, togetherwith the team’s previous work, provide anexcellent basis for fostering dialogue anddeveloping new strategic insights withinthe Industry Partnership programme andat the Annual Meeting and regionalmeetings.www.weforum.org/scenarios

WELCOM is an exclusive socialcommunications network, in whichmembers are co-developers. TheForum’s Partners, Members andconstituents can make their owncontributions to the system. As moremembers use the platform andcontribute insights and feedback to it,the flexibility and interactivity ofWELCOM will allow it to evolve inways that meet the needs of its users.

WELCOM could serve as a platformfor creating new value for Partners,Members and constituents. Forexample, the system could supportvirtual advisory boards to governmentsand crisis management processes. Bytapping the synergy and serendipitythat comes from the interaction of itsmembers, WELCOM will be a hub formultistakeholder engagement and thegeneration of ideas and insights.

www.welcom.org


Improving the State of the World through Multistakeholder InitiativesWorld Economic Forum Annual Report 2009-2010

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Improving the State of the World throughMultistakeholder Initiatives

The World Economic Forum conducts much of its work withMembers and Partners alongside governments, academicsand civil society groups on important programmes andinitiatives to tackle a host of major global issues andchallenges in all spheres.

and industry agendas, facilitating dialogueamong key decision-makers and fosteringcollaborative action throughmultistakeholder initiatives.

In addition, the World Economic Forumdeveloped and published – together withPartners, governments, academics andpublic bodies – a broad range of criticalreports, including Green Investing 2010 -Policy Mechanisms to Bridge theFinancing Gap, Low Carbon ProsperityTask Force Recommendations to G20Leaders, Mining & Metals Scenarios to2030, Redesigning Business Value – ARoadmap for Sustainable Consumption,The Future of Pensions and Healthcare ina Rapidly Ageing World – Opportunitiesand Collaborative Strategies, The GlobalInformation Technology Report 2009-2010.

In 2009-2010, the Forum also undertooka special initiative in which it challenged allof its communities to develop concreteproposals for improvements ininternational cooperation and governancein their respective areas of expertise.Organized under the patronage of thegovernments of Qatar, Singapore,Switzerland and Tanzania, the GlobalRedesign Initiative (GRI) has engaged over1,200 academic, business, governmentaland civil society experts and decision-

The initiatives take two principal forms: Strategic insight and policy-orientedprojects that combine theperspectives and expertise of thepublic and private sectors with insightsfrom leading experts to develop newor improved responses to pressingbusiness and societal challenges

Action-oriented projects that combinethe core competencies of ForumPartner companies with those of otherorganizations such as governments,international agencies, NGOs orfoundations to advance progress oncritical global or regional problems

The Forum’s portfolio of programmes isdynamic, reflecting major global shifts anddevelopments. In 2009-2010, 16 initiativeswere successfully completed and 19 newones launched. Examples of newinitiatives include: Fair MineralDevelopment, ICT and Eco-Sustainability,Innovative Healthcare Delivery, Long-termInvesting, Open Borders, RepoweringTransport and Carbon Neutral Skies,Smart Grid and Energy Efficiency,Sustainable Credit and Towards a GlobalCharter for Health Data.

Together with Partners, Members andother constituents, the Forum remainscommitted to shaping the global, regional

makers from around the world andproduced 58 specific proposals and ninethematic essays by some of theinternational community’s leadingauthorities on international economic,environmental and security cooperation.

The GRI process has served as aninformal working laboratory ormarketplace for a number of good policyideas and partnership opportunities thatgovernments, international organizations,companies and other institutions maywish to consider incorporating into theirown initiatives. Its aim has been tostimulate greater engagement by allcountries and stakeholders in an effort toupdate and upgrade internationalcooperative structures so that they aremore fully in line with the realities of the21st century.

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Water Initiative

National and state governments mustaddress the critical challenge of meetingthe growing and competing demands forfresh water from the food and agriculture,energy and industrial sectors, and theburgeoning populations of urban areas.They must do so in sustainable andenvironmentally responsible ways, makingnecessary trade-offs in allotting resources.

The World Economic Forum WaterInitiative is focused on these challenges. In2009-2010, the Forum completed animportant book that draws togethercontributions from Industry Partners,government officials and Global AgendaCouncil experts. To be published in theautumn of 2010, it provides soberingforecasts of what may happen by 2030 ifthe world does not change its business-as-usual approach to water management.

At the Annual Meeting of the NewChampions 2009 in Dalian and the AnnualMeeting 2010 in Davos-Klosters, as wellas at regional events in India, Jordan andTanzania, the Forum held discussions oncurrent water problems and how torespond to them. All stakeholdersrecognize that action at both the nationaland global level is required and that newkinds of progressive alliances andcoalitions are needed to supportgovernments in water managementreform.

As part of the Global Redesign Initiative, aproposal for action was drafted to bringtogether the Water Resources Group ledby the International Finance Corporationand the Forum’s Water Initiative to createa global public-private platform of expertsaimed at analysing water conditions,building coalitions and promoting reform.The alliance is to be launched by the endof 2010 and will be the next chapter in theForum’s Water Initiative.www.weforum.org/water

Climate Change

In 2009, at the invitation of Prime MinisterGordon Brown of the United Kingdom,whose government chaired the G20 thatyear, the Task Force on Low-CarbonEconomic Prosperity devised a set ofpractical, transformative proposals formajor economies on how to build aninternational low-carbon economy quicklyand to scale, especially in developingcountries. These recommendations weredelivered to Prime Minister Brown inSeptember 2009. The task force involvedover 75 Strategic and Industry Partners ofthe World Economic Forum, over 35international organizations, universitiesand think tanks, and extensive interactionwith the experts in the Forum’s Network ofGlobal Agenda Councils. It employed theForum’s interactive WELCOM platform toconduct much of its discussions.

In absence of a global deal at theDecember 2009 United NationsConference in Copenhagen, the ClimateChange Initiative brought togetherbusiness, government and expertrepresentatives at the Annual Meeting2010 in Davos-Klosters. The aim of thegathering was to advance the globalclimate agenda by building a practicalframework of action around key buildingblocks of the low-carbon economy, basedon the recommendations from the TaskForce on Low-Carbon EconomicProsperity and the Global AgendaCouncils in the network’s SustainabilityCluster.

In 2010, the Forum’s initiative on ClimateChange is engaging Partners and expertsin the following key areas: scaling upprivate institutional capital into low-carboninfrastructure and low-carbontechnologies including those that promoteenergy efficiency in developing countries,financing sustainable land use and policiesfor accelerating the commercialization ofcarbon capture and storage (CCS).www.weforum.org/climatechange

The Global Education Initiative

In 2009-2010, the Global EducationInitiative (GEI) continued its pioneeringwork in collaboration with UNESCO on thePartnerships for Education (PfE)programme to promote multistakeholderpartnerships for education (MSPE) toachieve global education objectivesincluding the goal of Education for All(EFA).

Building on its successes to date inmobilizing over US$ 100 million to improveconditions for 1.8 million students andteachers in Jordan, Egypt, the PalestinianTerritories and the Indian state ofRajasthan, the GEI focused in the pastyear on underscoring the importance ofeducation and the need to improve itsquality.

Activities included a series of regionalworkshops on entrepreneurship educationin Latin America, the Middle East, Africa,Europe and India. With UNESCO, the GEIreleased a Manual for Monitoring andEvaluating Education Partnerships. In2010-2011, the GEI will continue tosupport entrepreneurship education withpolicy roundtables in Europe, the MiddleEast and Latin America.www.weforum.org/gei

Global Health Initiative

While infectious diseases continue toaffect severely millions of individuals, theWorld Economic Forum’s Global HealthInitiative has proven successful in itsoriginal mission to bring health issues tothe top of the world’s agenda anddemonstrate the business case forengaging in this important effort.

The emergence of new organizationsengaged in this fight is evidence of thatachievement. Through the Health@theForum programme, the Forum is nowfocusing its efforts on other global healthchallenges. To address the rise of chronic

Special Achievements 2009-2010



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Global Risk Network

The Global Risk Network tracks a core setof risks that are global in nature andimpact, assessing their likely evolution andhighlighting how their interconnectIonsrequire a multistakeholder approach if theyare to be successfully mitigated. Bringingtogether leaders from business,government, civil society institutions andacademia, the Network convenes expertmeetings throughout the year to evaluatethe most pressing issues on the globalrisk landscape in the medium to long termand to consider means to improve howthey are managed.

The insights that are captured are feedinto the preparation of the annual GlobalRisks Report, the latest edition of whichwas released in January 2010 prior to theAnnual Meeting in Davos-Klosters.www.weforum.org/globalrisks

Partnering Against Corruption Initiative

Bringing together over 155 companiesfrom a wide range of industries around theworld to fight bribery and corruption, theWorld Economic Forum’s PartneringAgainst Corruption Initiative (PACI) is theleading, action-oriented global anti-corruption initiative driven by the privatesector.

The number of PACI signatory companiesincreased by 11% in 2009-2010,demonstrating continued momentum andcommitment to fighting corruption. At theAnnual Meeting 2010 in Davos-Klosters,regional meetings and PACI meetings inQatar and Vietnam, business, governmentand civil society leaders engaged inseveral anti-corruption discussions,offering unparalleled opportunities forsignatories to connect with peers fromaround the world and across industries.

The PACI also continued making progressin developing tools for signatories to makegood use of the initiative’s managementsystem framework.

diseases, it launched the Wellness Alliancefor Workplace Health at the AnnualMeeting 2010.

The Forum is promoting the critical needin a time of resource constraints to identifyand shape innovative, affordable andsustainable models for delivering care thatcan be scaled up or replicated. The Forumis also facilitating the engagement of keystakeholders aiming to develop a “GlobalCharter for Health Data” based on theprinciple that the availability andaccessibility of accurate data are aprerequisite to improving the performanceof health systems.www.weforum.org/globalhealth

Workplace Wellness and ChronicDisease Prevention Initiative

The World Health Organization (WHO)predicts that non-communicable diseases(NCDs) will account for two-thirds of alldeaths over the next 25 years, themajority in low- and middle-incomecountries. The World Economic Forum isactively engaged in finding solutions toturning the tide of this growing epidemic.

The focus is both on employers who cancontribute to mitigating the health andfinancial toll of NCDs through thedevelopment of comprehensive workplacewellness programmes and on businessesas providers of products and services thatcan contribute to healthier lifestyles and tothe prevention of NCDs. The Forum alsosupports the WHO-led NCDnet initiativeand the Partners’ Forum for Action onChronic Disease of the Pan AmericanHealth Organization (PAHO), the WHO’sregional office for the Americas.

At the Annual Meeting 2010 in Davos-Klosters, the Forum launched theWellness Alliance for Workplace Health toraise awareness of the business case forengaging in NCD prevention, developeconomic models and tools to addressthe problem of NCDs, and highlightcompanies with strong employee healthprogrammes and healthy workplaceenvironments.www.weforum.org/wellness

As part of continuing industry-specificanti-corruption dialogues, the PACIlaunched an initiative focused onmobilizing action within the logistics andtransportation industry to enhancetransparency in national customsadministrations. Launching similar high-impact projects will be a key goal in 2010-2011.www.weforum.org/paci


Our Business and Non-Business CommunitiesWorld Economic Forum Annual Report 2009-2010

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Our Business and Non-Business Communities

an active role at the Annual Meeting of theNew Champions 2009 in Dalian, People’sRepublic of China, and in the WorldEconomic Forum’s regional meetings,where they showcased their dynamismand contributed to discussions. Thecommunity has actively leveraged theForum’s WELCOM platform to fostercloser ties with senior leaders, includingconducting sessions in Chinese andRussian to integrate a broader range ofparticipants.www.weforum.org/ggc

Technology Pioneers

The Technology Pioneers is a group ofhighly innovative companies, usually start-ups or enterprises in the early rounds ofraising capital that are involved in thedesign, development and implementationof groundbreaking technologies.

A committee of some of the world’s mostrespected academics, media leaders,technologists and venture capitalistsconvened by the World Economic Forumannually selects new members of thiscommunity.

Fully integrated into the Forum’sprogrammes and initiatives, thesechampion companies play a pivotal role indriving forward technological innovationgeared towards improving the state of theworld. In 2010, the Forum recognized 26enterprises as Technology Pioneers,operating in the fields of informationtechnology and telecommunications,clean technology and life sciences.www.weforum.org/techpioneers

Members and Partners

The World Economic Forum provides aunique opportunity for companies, as keyglobal stakeholders, to engage with otherenterprises and with governments andcivil society groups around the world.

Membership: Limited to 1,000, Membersinclude the foremost global corporationscommitted to improving the state of theworld In 2009-2010, the Forum welcomed117 new members, more than half fromoutside North America and WesternEurope.

Industry Partners: Many Members electto become more deeply involved in theForum’s activities through the IndustryPartnership Programme, now in its fourthyear. In 2009-2010, the number ofIndustry Partnerships grew by 21% to arecord 375.

Strategic Partners: The most committedMembers, Strategic Partners provideessential support for the Forum’s mission.In 2009-2010, the number of StrategicPartners reached 100, which is the currentlimit.www.weforum.org/partners

Global Growth Companies

Formed in 2007 to engage dynamic high-growth companies that have the potentialto be future industry leaders, theCommunity of Global Growth Companies(GGCs) has expanded 20% to over 250members from 59 countries, with 70% indeveloping economies. Members played

The International Business Council

The International Business Council (IBC) ofthe World Economic Forum held itsSummer Meeting 2009, the first of thecommunity’s biannual peer exchanges, inMontreux, Switzerland. The focus was onthe outlook for the global economy andthe efforts by governments and regulatorsto strengthen it. Council membersdiscussed the actions taken by policy-makers to manage the crisis and therepercussions for business. They also hadan insightful conversation with MargaretChan, the Director-General of the WorldHealth Organization, on scenarios for apotential global pandemic.

At the Winter Meeting during the Forum’sAnnual Meeting 2010 in Davos-Klosters,Juan Somavia, Director-General of theInternational Labour Organization (ILO),and Pascal Lamy, Director-General of theWorld Trade Organization (WTO), joinedparticipants for a discussion on how todeal with the social and politicalconsequences of the recession.

They reflected on the implications of risingunemployment, the future of relationsbetween business and government,financial sector reforms, and the threat ofprotectionism and economic nationalism.IBC members also had the opportunity toengage with Li Keqiang, Executive Vice-Premier of the People’s Republic of China,and Lee Myung-Bak, President of theRepublic of Korea.

The World Economic Forum strives to be the globalmultistakeholder organization to integrate business and nonbusiness communities into partnerships.“

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Faith Communities

Recognizing the immense importance ofcommunities of faith around the world andthe relevance of faith to the globaleconomy, politics, society and individuals,the World Economic Forum has integratedthe voices of faith leaders into a broadrange of topics relevant to the globalagenda over the last year, includinginterfaith understanding, values andethics, the environment, the interfacebetween religion and science, educationand health, and the role of religion indevelopment.

Influential religious leaders from multiplefaiths as well as faith-based organizationsshared their expertise through theirintegration at the Annual Meeting andregional meetings. In light of the recentglobal economic crisis, much emphasiswas placed on the role of values inrebuilding stronger foundations for theglobal economic system.

The second edition of Faith and the GlobalAgenda was released in January 2010,shortly before the Annual Meeting inDavos-Klosters, under the theme “Valuesfor the Post-Crisis Economy”.

The report sought to examine andunderstand public opinion on the topic ofvalues and to take an in-depth look at theexperience and expertise of variousreligions in this area. A unique publicopinion poll of over 100,000 people from10 major economies was conductedthrough Facebook.

Among other findings, the survey revealeda trust deficit of values in the businessworld. The report also compiled editorialsfrom over 15 global religious leaders andfaith organizations on ethics and theeconomy, revealing remarkable agreementamong various religions on the need forvalues as an underlying base foreconomic systems.

They also heard a strong appeal by formerUS President Bill Clinton, UN SpecialEnvoy to Haiti, for the private sector tocontribute to the relief and reconstructionof the Caribbean nation following theearthquake.

A number of IBC members served asmentors to participants at the AnnualMeeting of the New Champions 2009 inDalian, People’s Republic of China.

The International Media Council

At their Winter Meeting during the AnnualMeeting 2010 in Davos-Klosters,International Media Council (IMC)members met with David Cameron, thenthe Leader of the Opposition in the UnitedKingdom (United Kingdom Prime Ministersince May 2010); Li Keqiang, ExecutiveVice-Premier of the People’s Republic ofChina; and Lee Myung-Bak, President ofthe Republic of Korea.

Other highlights included in-depthdiscussions on social networking and itsimpact on the nation state and a jointsession with the Media, Entertainment andInformation Industry Partners on creativeleadership and the changing environmentfor media companies.

IMC members also met at the AnnualMeeting of the New Champions 2009 inDalian, participating in cross-communitydiscussions with the IBC TechnologyPioneers, and Social Entrepreneurs on the“Asian Century” and how technology andsocial innovation are shaping Asia’s globalinfluence.

The IMC’s biannual informal lunches inNew York with Klaus Schwab, Founderand Executive Chairman of the WorldEconomic Forum, have become atradition.

The Global Agenda Council on Faith, amultistakeholder group of expertsincluding business, academic andreligious leaders, focused its work overthe last year on the importance of a moraleconomy. The council reiterated the needto give priority to values such ascompassion, human dignity andresponsibility, and for leaders to align theiractions with these principles to foster theglobal cooperation necessary to confrontcontemporary challenges in an effective,inclusive and sustainable way. www.weforum.org/faith

Women Leaders and GenderParity Programme

In 2009-2010, the Women Leaders andGender Parity communities of the WorldEconomic Forum made importantadvances. The Global Gender ParityGroup and the regional groups in LatinAmerica and Africa held their third annualmeetings, taking an in-depth look at thesolutions that have been successfullyimplemented to close gender gaps anddesigning methods for replicating andscaling up these solutions.

The Global Agenda Council on the GenderGap developed a proposal to redesigninternational cooperation, calling for thecreation of a virtual platform to consolidatesolutions from companies and countriesthat have already had success in reducinggender gaps and disseminating thisinformation to organizations that seek toadopt and learn from such testedpractices and policies.

Parallel to the work it is doing with thisbroad network of stakeholders, the Forumexpanded its efforts on quantitativeanalysis for benchmarking the gendergap. The Global Gender Gap Report2009, the fourth edition of the series, wasreleased in October 2009.



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In April 2010, the Forum announced anew internal policy on the participation ofits Strategic Partners at the AnnualMeeting in Davos-Klosters: A minimum ofone executive out of every five participantsmust be female. Strategic Partners widelywelcomed this decision, which will applyto the Annual Meeting 2011. www.weforum.org/womenleaders

Schwab Foundation for SocialEntrepreneurship

Since 2000, in close collaboration with theSchwab Foundation for SocialEntrepreneurship, the World EconomicForum has been promoting the innovativeand pragmatic models developed by theworld’s leading social entrepreneurs.Social entrepreneurs drive socialinnovation and transformation in variousfields including education, health,environment and enterprise development.They pursue poverty alleviation goals withentrepreneurial zeal, business methodsand the courage to innovate andovercome traditional practices. A socialentrepreneur, similar to a businessentrepreneur, builds strong andsustainable organizations, which are setup as either not-for-profit organizations orfor-profit companies.

The Forum invites social entrepreneurs toparticipate actively in the Annual Meetingin Davos-Klosters and regional meetingsaround the world. They contribute to allForum initiatives and task forces, includingthe meetings on shaping the futureagendas of industries and thedeliberations of the Global AgendaCouncils.

In 2009-2010, the Schwab Foundationselected 28 of the world’s outstandingsocial entrepreneurs to join its network,recognizing them as “Social Entrepreneursof the Year” in their respective country orregion. Today, the Foundation represents184 social entrepreneurs from 167organizations in 50 countries. www.schwabfound.org

By providing a comprehensive frameworkfor benchmarking global gender gaps, theGlobal Gender Gap Index featured in thereport ranks 134 countries on how theyare dividing resources equitably betweenwomen and men, regardless of their levelof resources. The report serves as areference for policy-makers, academicsand business, and has been widelyfeatured in the media.

At the India Economic Summit inNovember 2009, the Forum released theIndia Gender Gap Review. This reportprovided a comparative perspective onIndia’s performance in closing the gendergap in relation to economies in the regionas well as other emerging markets. It alsoserved as the basis for discussion at theSummit among several business leadersand policy-makers on girls’ education andwomen’s economic empowerment inIndia.

On International Women’s Day, 8 March2010, the Forum released The CorporateGender Gap Report 2010. The first studyof its kind, it surveys 600 of the world’sbiggest employers in 20 major economies,assessing companies on representation ofwomen within their establishments andthe use of gender equality practices suchas measurement and target setting, work-life balance policies and mentorship andtraining.

The report provides detailed analysis bycountry and industry on these measuresand also contains a qualitative sectionexploring the opinions of human resourcesdirectors on the potential effects of theeconomic downturn on women’semployment.

The Forum of Young Global Leaders

The Forum of Young Global Leaders(YGLs), which has its own structureautonomous of the World EconomicForum, includes exceptional leaders underthe age of 40 who share a commitment toshaping a more positive future. One of themost diverse multistakeholder groupswithin the World Economic Forum, it has767 active members in nearly a hundredcountries from business, politics,academia, arts and culture, media, civilsociety and social entrepreneurship.About 30% are women.

In 2009-2010, YGLs gathered at severalWorld Economic Forum global andregional events, providing opportunities forMembers to expand contacts with peersand work on substantive initiatives andtask forces.

In addition to highly successful existinginitiatives such as Deworm the World,which last year implemented school-based treatment of parasitic worms formore than 20 million children, allowingthem to stay in school and get theeducation they deserve, and Table forTwo, which tackles obesity and lifestyle-related diseases in industrialized countriesand hunger and malnutrition in developingcountries, YGLs launched a number ofnew initiatives under the Forum’s GlobalRedesign Initiative (GRI).

Led by a steering group chaired by H.R.H.Crown Prince Haakon of Norway, YGLsdeveloped innovative approaches toglobal challenges. These include:

Tackling the lack of progress in foodsecurity, clean water and healthamong the very poor, by developing aglobal responsibility license (GRL) toencourage companies to makeintellectual property (IP) available fordevelopment uses such as fooddistribution and disaster relief, whilepreserving protection for commercialuses and managing institutional risk.



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private and civil society sectors haveblurred and the key solutions to globalchallenges are much more likely toemerge through a blended, integratedapproach. Following the journeys, YGLsparticipated in sessions and workshopson innovation, entrepreneurship,measuring impact and empoweringchange.

For more information, please visit theyglvoices channel on YouTube(http://www.youtube.com/yglvoices) orTwitter (http://twitter.com/yglvoices) orfollow the YGL Blog(http://www.forumblog.org/ygl/). www.younggloballeaders.orgwww.weforum.org/ygl

Unlocking IP across multipletechnology sectors will fosterinnovation and kick-start the design,development and deployment oftechnologies. Combined with technicaland legal support to ensure thelicense’s terms are tailored to thetechnologies and organizationsinvolved, the GRL has the potential tobring down barriers faced by currentpatent commons initiatives and fosternew partnerships on a previouslyunachievable scale.

Empowering citizens to ensure thattheir right to free and fair elections isrespected. Based on the experiencesof YGLs in Argentina, Mozambiqueand Venezuela, the Civic Eyes initiativeis engaged in three activities. First, it isadapting existing crowd-sourcingtechnology for elections. Second, it isproviding training and technicalsupport for adapting and deployingthis technology to local NGOs. Third, itis aggregating best practices andregularly updating the methods itemploys. As a result of these efforts,the group expects to see massparticipation in election monitoringbecome the norm and, in so doing,enhance accountability, transparencyand citizen engagement.

Details on these and many more initiativesmay be found on the Young GlobalLeaders public discussion forumwww.redesignourworld.org.

The Forum of Young Global Leaderscontinued its successful global publicpolicy education module with the HarvardKennedy School of Government. It alsohosted its largest ever Summit of YoungGlobal Leaders in Dar es Salaam,Tanzania, in May 2010. YGLs visited morethan 20 Tanzanian government, civilsociety and private sector organizations tocollaborate on their challenges,innovations and models for social change.The premise of these “Impact Journeys” isthat the boundaries between the public,


Public EngagementWorld Economic Forum Annual Report 2009-2010

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Public Engagement

Also generating significant mediacoverage during the year were the AnnualMeeting of the New Champions 2009 inDalian, the India Economic Summit 2010and the World Economic Forum on LatinAmerica 2010 in Cartagena, Colombia.Among the other activities of the Forum,the release of three Forum reports – TheGlobal Competitiveness Report, TheGlobal Information Technology Report andThe Global Gender Gap Report –attracted especially strong interest.

The Forum recognizes the growingimportance of engaging the public throughthe Internet and social media. Efforts arebeing made to improve the Forum websiteto provide timely and comprehensivecoverage of all events, including webcastsof key sessions at the Annual Meeting inDavos-Klosters and all regional meetings.

The Forum has used its YouTube channeland the Davos Debates programme tostimulate virtual public participation in theAnnual Meeting in Davos and otherevents, allowing the YouTube communityto pose questions to world leaders.

The Forum maintains pages on Facebook,

In all its events and initiatives, the WorldEconomic Forum is committed totransparency and openness. In 2009-2010, the Forum achieved anunprecedented level of engagement withthe public by reaching out to bothmainstream news and social media.

The exceptional media participation in theWorld Economic Forum Annual Meeting2010 in Davos-Klosters included a record10 live-to-tape debates that wereintegrated into the programme andbroadcast by CNN (USA), CNBC (USA),BBC World (United Kingdom), CCTV(People’s Republic of China), NHK(Japan), Al Arabiya (United Arab Emirates),NDTV (India) and Associated PressTelevision News (APTN), which distributedthe closing session to over 550broadcasters around the world. Thepotential audience for the debates was1.5 billion people.

To coincide with the Annual Meeting, TheWall Street Journal published an opinionessay by Klaus Schwab, Founder andExecutive Chairman of the WorldEconomic Forum, on “Bank Bonuses andthe Communitarian Spirit”.

The Forum opened its doors to CBSNews of the US which did an inside lookat the Annual Meeting for its flagship 60Minutes programme.

LinkedIn and MySpace, as well as aTwitter account with over 1.5 millionfollowers. The Forum ran a microblog inChinese during the Annual Meeting onSina.com. An increasing number ofparticipants are covering Forum eventsand initiatives on their blogs or throughservices such as Twitter. Two members ofthe MySpace and YouTube communitieswere selected to participate in the AnnualMeeting in Davos-Klosters.

Among the other activities of the Forum, the release of threeForum reports – The Global Competitiveness Report, TheGlobal Information Technology Report and The GlobalGender Gap Report – attracted especially strong interest.

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Our OrganizationWorld Economic Forum Annual Report 2009-2010

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Our Organization

An organization is only as strong as its leadership. TheWorld Economic Forum is guided by a Foundation Board ofexceptional individuals, who act as guardians of its missionand values, and ensure strong corporate governance.

The Foundation Board

Klaus Schwab*Chairman of the Foundation Board

Josef Ackermann*Chairman of the Management Board andthe Group Executive Committee,Deutsche Bank, Germany; Vice-Chairman of the Foundation Board of theWorld Economic Forum

Kurt Alig* Chairman, Arcadia Treuhand,Switzerland; Secretary of the FoundationBoard

Kofi AnnanSecretary-General, United Nations (1997-2006)

Tony BlairPrime Minister of the United Kingdom(1997-2007)

Peter Brabeck-LetmatheChairman of the Board, Nestlé,Switzerland

Victor L. L. Chu*Chairman and Chief Executive Officer,First Eastern Investment Group, HongKong SAR

Michael S. DellChairman and Chief Executive Officer,Dell, USA

Niall FitzGeraldDeputy Chairman, Thomson Reuters,United Kingdom

Orit GadieshChairman, Bain & Company, USA

Carlos GhosnChairman and Chief Executive Officer,Renault-Nissan Alliance, (France andJapan), France

Rajat K. Gupta* Senior Partner Emeritus, McKinsey &Company, USA

Susan HockfieldPresident, Massachusetts Institute ofTechnology, USA

Christine LagardeMinister of Economy, Finance andEmployment of France

Maurice LevyChairman and Chief Executive Officer,Publicis Group, France

Indra NooyiChairman and Chief Executive Officer,PepsiCo, USA

Ivan Pictet**Senior Managing Partner, Pictet & CiePrivate Bankers, Switzerland

H.M. Queen Rania Al Abdullah of theHashemite Kingdom of Jordan

Joseph P. SchoendorfPartner, Accel Partners, USA

Peter D. Sutherland** Chairman, Goldman Sachs International;Chairman, BP, United Kingdom; Director-General, GATT and WTO (1993-1995),Geneva

Heizo Takenaka**Director, Global Security ResearchInstitute, Keio University, Japan;Economic Minister of Japan (2001-2006)

Ernesto Zedillo Ponce De LeonDirector, Yale Center for the Study ofGlobalization, Yale University, USA;President of Mexico (1994-2000)

* Members of the Executive Committee** Members of the Audit Committee

For more information about theFoundation Board, visitwww.weforum.org/foundationboard

Managing Board

Robert GreenhillManaging Director, Chief Business Officer

Rick SamansManaging Director, Institutional Initiatives

André SchneiderManaging Director, Chief OperatingOfficer

Klaus SchwabExecutive Chairman

Alois ZwinggiManaging Director, Resources andProcesses

For more information about theManaging Board, visitwww.weforum.org/leadershipteam

as of 1 July 2010

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23

Our offices in Geneva, Beijing and New York share oneculture and one mission.

During their first two years in theprogramme, Fellows follow executiveeducation modules delivered by academicpartners including INSEAD, ColumbiaUniversity, London Business School andthe Wharton School of the University ofPennsylvania. In addition, the Fellowshone their personal skills such as publicspeaking and communications,negotiation, teamwork and leadership.

In 2010, 50 Fellows took part in aweeklong residency at Columbia’s Schoolof Arts, which focused on the importanceof the arts in fostering future leaders in anever-more interconnected world. Theresidency provided the Fellows theopportunity to work with Columbia’sdistinguished and renowned theatrefaculty. Following the Columbiaprogramme, the group participated inworkshops on globalization and onleadership and personal skills at theWharton School.

World Economic Forum USA

The World Economic Forum USA wasincorporated in December 2005 as a non-profit business league based in New York.It is impartial and tied to no political,partisan or national interests. As an affiliatebut legally independent of the WorldEconomic Forum, its relationship isgoverned by an affiliation agreement, acontractual agreement under which theForum USA coordinates with the Forumwhen conducting its activities. The WorldEconomic Forum USA is a non-profitorganization under section 501(c) 6 of theInternal Revenue Service Code of theUnited States.www.weforum.org/USA

Our People

On 30 June 2010, the World EconomicForum employed 313 staff, only eightmore people than a year before. (Thisdoes not include staff of the WorldEconomic Forum USA or employees inthe Beijing and Tokyo offices.) During2009-2010, the Forum neverthelesssuccessfully expanded the number of itsconstituents and activities across all areasby improving efficiency and enhancingcooperation among teams and staff.

The Forum staff includes people of 56nationalities, with an average age of 36.About 60% are female. The WorldEconomic Forum remains the employer ofchoice for many highly skilled andmotivated talents from around the worldwho are driven by a passion to achieveresults and serve our constituents to thebest of their abilities.

Global Leadership Fellows

Now entering its sixth year, the GlobalLeadership Fellows programme drawstalented young professionals from aroundthe world. Over 2,000 individuals appliedfor the 25 places in the 2009 cohort. Theprogramme aims to develop leaders whoare highly competent in both the publicand private sectors and well versed inglobal, regional and industry issues.Fellows are full-time World EconomicForum employees for three years, whilesimultaneously taking executive master’sdegree courses.

The World Economic Forum USA isoverseen by a Board of Directors, whichactively guides its strategic direction. TheBoard comprises:

Board of DirectorsJean-Pierre Rosso (Chairman)Alfred BerkeleySamuel DiPiazzaWilliam GeorgeRobert GreenhillRajat GuptaJoseph SchoendorfKevin Steinberg (Corporate Secretary)

Executive Leadership*Jean-Pierre Rosso, ChairmanKevin Steinberg, Chief Operating Officer

The World Economic Forum USA’s 2009-2010 Annual Report is available atwww.weforum.org/usa/ar

World Economic Forum China

The World Economic Forum ChinaRepresentative Office is the firstinternational foundation legally recognizedand registered in the People’s Republic ofChina. Incorporated as a non-profitorganization, it is impartial and tied to nopolitical, partisan or national interests.With 13 full-time staff members, the officeis integrated into the Forum’s operations inGeneva, New York and Tokyo under theleadership of Christophe Weber, theDirector and Chief Representative.

The China team continues to diversify andexpand its China-based membership witha record participation of Chinesemembers and partners in the AnnualMeeting in Davos-Klosters and the Annual

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24

Meeting of the New Champions, whichhas become known as the “SummerDavos”. The office is deepening itsrelations with the Chinese central andprovincial governments, expandingcollaboration with a wide range ofministries and senior government officials.Chinese Premier Wen Jiabao participatedfor the third time in the Annual Meeting ofthe New Champions 2009 in Dalian, whileExecutive Vice-Premier Li Keqiang led theChinese delegation to the Annual Meeting2010 in Davos-Klosters.

The China team is improving its outreachto Chinese stakeholders and expandingits many communities including MediaLeaders, Young Global Leaders andSocial Entrepreneurs. The office hasenhanced its media presence andcommunications material and hasdeveloped a Chinese-language website.

The World Economic Forum ChinaRepresentative Office will relocate to newpremises in the Beijing Central BusinessDistrict in December 2010.www.weforum.org/cn

World Economic Forum Japan

In September 2009, with the strongsupport of the Japan Davos community,the World Economic Forum inauguratedan office in Tokyo, the secondrepresentative office set up by the Forumoutside Geneva. Klaus Schwab, Founderand Executive Chairman of the Forum,officially announced the launch at theopening plenary of the Japan Meeting.

Participating in the session were YukioHatoyama, Head of the Democratic Partyof Japan (DPJ) and a member of theDavos Caucus in the Japanese Diet, and150 senior Japanese business,government and civil society leaders. Theaim of the Japan office is to facilitate theForum’s communication and cooperationwith Japanese multistakeholdercommunities to enhance Japan’s role inshaping the global, regional and industryagendas.

Managing Directors (non- membersof the Managing Board) Lee Howell Managing Director, Head of ProgrammingAdrian MonckManaging Director, Head of Communicationand Media Gilbert ProbstManaging Director and Dean, GlobalLeadership Fellows Programme

Senior Directors, GenevaDavid AikmanSenior Director, Head of Young GlobalLeadersRoberto BoccaSenior Director, Head of Energy Industries Denise BurnetSenior Director, Events (as of July 2010)Piers CumberlegeSenior Director, Head of PartnershipElaine DezenskiSenior Director, Global Situation Space (as ofJuly 2010)Sherif El-DiwanySenior Director, Head of Middle East (as ofJuly 2010)Malte GodbersenSenior Director, Head of InformationTechnologyJeremy JürgensSenior Director, Global Growth CompaniesOlivier RaynaudSenior Director, Healthcare Initiative andHealthcareMirjam SchöningSenior Director, Schwab FoundationCarsten SudhoffSenior Director, Chief Human ResourcesOfficerDominic WaughraySenior Director, Head of EnvironmentalInitiativesAlex WongSenior Director, Head of Centre for GlobalIndustries Geneva

Senior Directors, New York*Marisol Argueta

Senior Director, Head of Latin America

Alan Marcus, Senior Director, Information

Technology and Telecommunications

Industries

John Moavenzadeh

Senior Director, Head of Mobility Industries

Sarita Nayyar

Senior Director, Head of Consumer Industries

Paul Smyke

Senior Adviser to the Chairman

Directors, GenevaGrant McKibbin

Guy-Serge Baer

Carine Benetti

Pratik Bhatnagar

Jennifer Blanke

Jean-Loup Denereaz

Laurent Desnoux

Margareta Drzeniek Hanouz

Diana El-Azar

Martina Gmür

Guy Goodwin

Julianne Jammers Thomas

Stéphanie Janet Renggli

Stephen Kinnock

Randall Krantz

Rodolfo Lara

Carina Larsfälten

Helena Leurent Cook

Emma Loades

Massimo Marino

Fon Mathuros

Irene Mia

Michele Petochi

Sushant Rao

Melanie Rogers

Logan Stanton

Olivier Schwab

Sheana Tambourgi

Katherine Tweedie

Kristel Van der Elst

Regula Waltenspuel

Saadia Zahidi

Directors, BeijingChristophe Weber

Jerry Yu

Li Zhang

Directors, New York*Giancarlo Bruno

Lisa Dreier

Emilio Lozoya

Max von Bismarck

Tiffany West

* employees of the World Economic Forum USA


Our financial resultsWorld Economic Forum Annual Report 2009-2010

25

Year 2005/2006 2006/2007 2007/2008 2008/2009 2009/2010

Total income 104'766'543 114'574'874 135'658'953 139'218'416 143’407’241

out of which

members' fees 26'410'294 27'763'750 34'507'970 34'853'240 36’769’181

participation fees 27'063'138 30'160'303 33'760'750 32'276'553 30’874’638

partnership 44'668'943 50'881'934 58'701'386 60'572'903 62’149’264

Total expenditure 102'735'578 111'805'027 133'270'705 137'867'514 142’392’517

out of which

personnel costs 40'035'452 47'887'856 52'046'876 56'243'901 59’428’694

office costs 12'537'175 11'884'632 14'679'276 26'356'814 26’041’288

activity related costs 42'732'347 52'032'539 66'544'553 55'266'799 56’922’535

Surplus to be

added to the

Foundation capital 2'030'965 2'769'846 2'388'248 1'350'902 1’014’724

Foundation capital 17'150'381 19'920'227 22'308'475 23'659'377 24’675’300

TOTAL STAFF

Full time 204 239 266 304 319

out of which are seconded

by Forum members 7 8 11 9 6

Part time 25 30 31 38 42

Financial policyThe World Economic Forum’s financial policystates that membership fees in principle shouldcover operational costs, events are fundedthrough cost contributions and projects aresupported by income from Partnershipcontracts. The Forum may accept grants,donations, legacies and other contributions orsubsidies that are consistent with its purpose of“integrating leaders from business, politics andsociety at large into a community for globalaction committed to improving the state of theworld and the well-being and prosperity ofhuman society”. The World Economic Forummakes no payments to political personalities,parties or other organizations and avoidsinvolvement in national politics.

The most notable revenue drivers continue tobe the growing number of Forum Memberswho have become Partners and participate inour activities. In total, this trend addedCHF 1’014’724 to our reserves. This figure wasalso due to important cost reductions andefficiencies we introduced during the year. Infinance, as throughout our organization, we aimfor excellence and the most efficient use of thefunds received.

AuditorsThe World Economic Forum’s financial resultsare audited by PricewaterhouseCoopers, whoexamine the balance sheet and accounts. TheAnnual Report, as well as all institutionaldocuments, is submitted to the Swiss FederalGovernment, which in law acts as thesupervisory body for the Foundation.

The World Economic Forum USA, a legally independent organization affiliated with the World Economic Forum, generated income of US$ 35,148,935 and expenditure ofUS$ 33,241,256. These financial figures are not consolidated with the financial results of the World Economic Forum and currently not yet audited.

Our financial results


©2010 World Economic Forum91-93 route de la CapiteCH – 1223 Cologny/GenevaSwitzerlandTel.: +41 (0) 22 869 1212Fax: +41 (0) 22 786 2744E-mail: [email protected]

All rights reserved.No part of this publication may be reproduced or transmittedin any form or by any means, including photocopying andrecording, or by any information storage and retrieval system.

The annual report is available electronically atwww.weforum.org/annualreport – also in Arabic, Chinese,French, German, Japanese and Spanish versions.

ISBN-10: 92-95044-46-0ISBN-13: 978-92-95044-46-3


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