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"
Conference of Montreal international forum in Montreal, to identify and discuss the impact of all these developments on the global economic system. A first conference was organized on June 20–22, 1995. The IEFA now hosts four annual events: the Conference of Montreal, the Toronto Global Forum (founded in 2007), the World Strategic Forum, held in Miami (founded in 2011), as well as the Conference of Paris (founded in 2017). In June 2018, the Conference of Montreal will celebrate its 25th Anniversary edition under the theme ""Embracing Change"," and will reiterate its position among the most important international economic forums, connecting world leaders for