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"
St. Petersburg International Economic Forum Miloš Zeman and Chairman of the Parliament of Romania Nicolae Vacaroiu. In addition, representatives of the IMF and IBRD were in attendance. The Forum was held on June 18–22, 2002 under the motto "Russia and the CIS; Moving Towards Sustainable Development — Issues of Governance". The Forum was attended by more than 2,000 representatives of Russia and 40 foreign countries (including the CIS). The Forum programme included presentations of investment projects, exhibitions, and business negotiations that culminated in of contracts and agreements signing. The main result of the Forum was the further improvement of international economic relations. The VI Forum