The World Economic Forum, founded in 1971 as a not-for-profit organization, has gained formal status under the Swiss Host-State Act, confirming the role of the Forum as an International Institution for Public-Private Cooperation.
The agreement was co-signed today in a small ceremony by Didier Burkhalter, Federal Councillor and Head of the Federal Department of Foreign Affairs of the Swiss Confederation, and Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.
“Through this recognition, Switzerland has shown not only its full support for the World Economic Forum’s mission, but also its commitment to further enhance the role of Switzerland, and in particular Geneva, as a centre for international cooperation,” said Schwab.
The World Economic Forum is an international institution committed to improving the state of the world through public-private cooperation in the spirit of global citizenship. It engages with business, political, academic and other leaders of society to shape global, regional and industry agendas.
Incorporated as a not-for-profit foundation in 1971 and headquartered in Geneva, Switzerland, the Forum is independent, impartial and not tied to any interests. It cooperates closely with all leading international organizations (www.weforum.org).