World Economic Forum World Economic Forum The World Economic Forum (WEF), based in Cologny-Geneva, Switzerland, was founded in 1971 as a not-for-profit organization. It gained formal status in January 2015 under the Swiss Host-State Act, confirming the role of the Forum as an International Institution for Public-Private Cooperation. The Forum's mission is cited as "committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas." The WEF is best known for its annual meeting at the end of January in Davos, a mountain resort in Graubünden, in the eastern
World Forum for Ethics in Business conferences joined forces and established a new independent organization, the World Forum for Ethics in Business (WFEB). An initiative of the World Forum for Ethics in Business, the World Youth Forum is part of the annual conferences as an open platform for youth to voice their message to the world’s decision makers in today’s global economic and political environment and to the world community at large. Every year, WFEB confers the Ethics in Business Award to honour individuals and companies that have demonstrated the importance of human values and ethics in life and in the business arena. World Forum for