WORLD ECONOMIC FORUM

 FIRST OF ALL, MISSION OF WORLD ECONOMIC FORUM IS "COMMITTED TO

IMPROVING THE STATE OF THE WORLD BY ENGAGING BUISNESS,
POLITICAL, ACADEMIC AND OTHER LEADERS OF SOCIETY TO SHAPE
GLOBAL, REGIONAL & INDUSTRY AGENDAS."
 THE FORUM WAS FOUNDED BY KLAUS SCHWAB IN 1971 & FIRST NAMED IT
AS ''EUROPEAN MANAGEMENT FORUM". LATER IN 1987 ITS NAME
CHANGED TO WORLD ECONOMIC FORUM.
 WORLD ECONOMIC FORUM IS A TYPE OF NON-PROFIT ORGANISATION.
 WHAT MAKES THE WORLD ECONOMIC FORUM UNIQUE IS ITS IMPARTIAL
NATURE OF ORGANISATION, EFFECTS ARE GLOBAL, HOLISTIC, FORWARD
LOOKING.

MEMBERSHIP
The foundation 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. As of 2011, an annual membership costs
$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, making the cost for "Strategic Partner" from
SFr500,000 ($523,000) to SFr600,000 ($628,000).
 FAMOUS PEOPLE WHO HAVE ATTENDED WEF ANNUAL MEETINGS

India HAD a strong presence of over 100 business and government leaders, led by Finance
Minister Arun Jaitley, at the WEF Annual Meeting in Davos that was attended by more than
2,500 participants from across the world including 40 heads of state.

The global leaders attended the five-day prestigious annual event in the Swiss ski resort
town would include UK’s David Cameron, Pakistan’s Nawaz Sharif, Canada’s Justin Trudeau,
Alexis Tsipras of Greece, Mauricio Macri of Argentina, Joe Biden of the US and Johann
Schneider-Ammann from the host Switzerland.

Besides Jaitley, the Indian delegation would also include RBI Governor Raghuram Rajan,
Power Minister Piyush Goyal, Trade and Commerce Minister Nirmala Sitharaman, Minister
of State for Finance Jayant Sinha and Andhra Pradesh Chief Minister

The prominent Indian business leaders would include Mukesh and Anil Ambani,
Cyrus Mistry, Anand Mahindra, Rahul Bajaj, Azim Premji, Adi Godrej, Chanda Kochhar,
Uday Kotak, Hari S Bhartia, Shyam Sunder Bhartia, Arundhati Bhattacharya, Naresh
Goyal, Sunil Mittal, Rana Kapoor, Anant Gupta and C P Gurnani.
 ACTIVITIES
Annual meeting in Davos
The flagship event of the foundation is the invitation-only annual meeting held during the winter 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 winter environment. The town is small enough to allow participants to meet anywhere
outside the sessions and allows them the greatest opportunities to attend receptions organized by
companies and countries. The participants are also taking 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.
Approximately 2,200 participants gather for the five-day event and attend some of the 220 sessions in the
official programme. The winter discussions focus around key issues of global concern (such as the
globalization, capital markets, wealth management, international conflicts, environmental problems and their
possible solutions).

As many as 500 journalists from online, print, radio, and television take part, with access to all sessions in 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,"

Year Dates Theme

2012 25-29 January The Great Transformation:
Shaping New Models
2013 23-27 January Resilient Dynamism
2014 22-25 January The Reshaping of the World:
Consequences for Society, Politics
and Business.
2015 21- 24 January New global context
2016 20-23 January Mastering the Fourth Industrial
Revolution
2017 17-20 January Responsive and Responsible
Leadership
 WHAT ARE KEY AREAS OF FOCUS OF ORGANISATION
ORGANISATION FOCUSES ON THREE KEY STRATEGIC CHALLENGES: