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"
World Forum for Democracy World Forum for Democracy The World Forum for Democracy is an gathering each November in Strasbourg, France to debate the complex challenges facing democracies today and foster democratic innovation. The Forum is hosted by the Council of Europe and brings together members of civil society, political leaders and representatives of business, academia, media and professional groups. Past editions have revolved around themes such as "Bridging the gap: democracy between old models and new realities", "Re-wiring Democracy: connecting institutions and citizens in the digital age" and "From participation to influence: can youth revitalise democracy?". The Forum’s concept is that the challenges