World Economic Forum its name to the World Economic Forum in 1987 and sought to broaden its vision to include providing a platform for resolving international conflicts. In the summer of 1971, Schwab invited 444 executives from Western European firms to the first European Management Symposium held in the Davos Congress Centre under the patronage of the European Commission and European industrial associations, where Schwab sought to introduce European firms to American management practices. He then founded the WEF as a nonprofit organization based in Geneva and drew European business leaders to Davos for the annual meetings each January. Schwab developed the "stakeholder"
International Business Leaders Forum power of partnership for development. IBLF was founded in 1990 by HRH The Prince of Wales, Robert Davies, and a group of chief executives of international companies in response to the emerging challenges of economic growth and change in the global economy. IBLF worked with multinational companies including Coca Cola Enterprises, Shell, Accenture, and Diageo. The IBLF ceased to operate in October 2013. International Business Leaders Forum The International Business Leaders Forum (IBLF) was an independent, nonprofit global members' organisation of multinational companies that worked with business, government and civil society, focusing on sustainability, growth, and leadership issues. John Brock,