World Economic Forum

“Prof. Klaus schwab (non executive chairman) and olivier schwab (managing director) have a family relationship.”

“The form 990 is prepared by an independent accounting firm based on the information provided by the organization's head of finance under the responsibility of the chief financial officer. It is then reviewed and approved by the chief financial officer, and then circulated to the managing board for comment before filing.”

“An online training has been developed and assigned to all employees. The training is on the code of conduct integrating the conflict of interest topic. Conflict of interest policy employees have an obligation to conduct business within guidelines that prohibit conflicts of interests. A conflict of interest arises when your personal interests or those of your spouse, close relatives, personal relationships, friends or third parties interfere, or could be perceived as interfering, with your professional judgment, objectivity, independence or loyalty to the forum. This policy establishes only the framework within which the forum wishes business to operate. Forum staff are expected to inform the chief human resources officer and/or the head of the legal department as soon as it is clear that a potential conflict of interest will arise, so that safeguards can be established to protect all parties. Personal gain may result not only in cases where an employee or relative has a significant ownership in a firm with which the forum does business, but also when an employee or relative receive substantial gift or special consideration as a result of any transaction or business dealings involving the forum. Working outside the forum and directorship outside the forum are subject to the forum's conflict of interest policies. Forum staff may gain access to confidential, insider or non-public information regarding the forum, the forum members, the forum's contractors or other third parties. Such information may not be disclosed for any purpose other than that of the forum. All disclosures required by this policy are to be declared in writing to the chief human resources officer and/or the head of the legal department as soon as is reasonably possible once an activity outside the forum is undertaken.”

“The forum has a conflict of interest policy to require managing board members and officers employed by the forum to disclose any conflicts of interest when they arise. Any potential conflicts of interest are required to be raised to the chief human resources officer and/or the head of the legal department. The forum is currently working on a project to centralize declarations of conflict of interest and a process to renew the declarations annually.”

“The world economic forum does not have a policy for retention and destruction of written documents. However, their disregarded entity the world economic forum usa llc does have a policy for retention and destruction of written documents and there is a plan in the future to implement a policy for retention and destruction of written documents.”

“The chairman's salary is initially set based on a survey of comparable positions and in consultation with independent outside experts including an executive search firm. It is then ratified by the board of directors and has not been changed since ratification. The chairman recuses himself during board discussions relating to his compensation. The chairman does not receive any performance related bonus or similar form of compensation. For the other officers and key employees, the compensation process is led by the chairman.initially salary levels are set based on a survey of comparable positions and in consultation with independent outside experts including an executive search firm. Performance is assessed on an annual basis through an organization-wide formal review process.”

“No documents related to governance documents, conflict of interest policy and audited financial statements have been made available to the public during fiscal year 2024.”

“The world economic forum, committed to improving the state of the world, is the international organization for public-private cooperation. The forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. It was established in 1971 as a not-for-profit foundation and is headquartered in geneva, switzerland. It is independent, impartial and not tied to any special interests. The forum strives in all its efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance. Moral and intellectual integrity is at the heart of everything it does. Our activities are shaped by a unique institutional culture founded on the stakeholder theory, which asserts that an organization is accountable to all parts of society. The institution carefully blends and balances the best of many kinds of organizations, from both the public and private sectors, international organizations and academic institutions. Recognizing that the major global challenges require international and interdisciplinary collaboration among all stakeholders of global society, the forum integrates leaders from business, governments, academia and society at large into a global community committed to improving the state of the world. The forum thus serves the world's preeminent leaders as an independent and impartial partner and as a comprehensive and integrated platform for public-private cooperation. To achieve its mission, the forum acts as a catalyst for thought leadership and action mainly in the form of public-private cooperation. For this purpose, the forum identifies issues on the global, regional and industry agendas, seeks solutions and, wherever possible, creates partnerships for action. The forum always acts in the spirit of entrepreneurship in the global public interest, combining the forces of creative thinking, innovative initiatives and intellectual integrity with the will to advance peace and prosperity in the world. In its activities, the forum fully respects the essential role played by governments and international organizations, in particular by the united nations, as well as by their various affiliated institutions.”

“Fx difference between boy and eoy balance sheet $363,452 ______________ total $363,452”