<strong>World</strong> <strong>Economic</strong> <strong>Forum</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2006</strong>/<strong>2007</strong> 38OurorganizationThe Managing BoardThe Managing Board acts as the executive bodyof the Foundation. It ensures that activities fulfilthe mission of the <strong>World</strong> <strong>Economic</strong> <strong>Forum</strong> andacts as its representative to outside parties. In<strong>2006</strong>/<strong>2007</strong>, the Managing Board consisted of:Klaus Schwab, Executive Chairman (1)Jean-Pierre Rosso, Chairman, <strong>World</strong> <strong>Economic</strong><strong>Forum</strong> USA (2)André Schneider (3)Richard Samans (4)Peter Torreele (5)Michael Obermayer (until 10 February <strong>2007</strong>)For more information about the Managing Board,visit www.weforum.org/leadershipteamThe Foundation BoardThe Foundation Board is responsible for maintainingbusiness and public confidence by ensuring anexemplary standard of governance throughoutthe <strong>Forum</strong>. It acts as the Board of Trustees andguardian of the <strong>Forum</strong>’s mission, values and brand.Board members are individuals with uniqueleadership experience from business, politics,academia and civil society. They do not representany personal or professional interests, but solely1 35 2 4
<strong>World</strong> <strong>Economic</strong> <strong>Forum</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2006</strong>/<strong>2007</strong> 39those of the Foundation. Membership criteriainclude integrity, global vision, leadership experienceand engagement in world affairs.The Board’s role encompasses supervising theactivities of the Foundation and its bodies;managing the statutory dispositions of the <strong>Forum</strong>;appointing new members; approving the strategicdirection of the <strong>Forum</strong>; defining the roles of theManaging Board and committees; and approvingthe annual report, the annual accounts and theFoundation’s budget.The committees of the Foundation BoardAt its January meeting, the Foundation Boardrevised its statutes and restructured its committees:The Audit Committee ensures compliance withall financial, accounting and control processesin accordance with global best practice andthe principles of good corporate governanceThe Strategy Committee acts as a soundingboard to the Managing Board in elaboratingthe <strong>Forum</strong>’s plans. In particular it reviews thestrategies related to partnerships andmemberships of the <strong>Forum</strong>The Programme Committee monitors the missionorientation of all the <strong>Forum</strong>’s activities.The chairmen of each of the above committees(together with the executive chairman and thesecretary of the Foundation Board) make up theExecutive Committee of the Foundation Board.Their task is to prepare and execute the decisionsof the Foundation Board and oversee the activitiesof the Foundation and its bodies.To engage Foundation Board members evenmore into the governance process, the rule wasintroduced that each member of the Board hasto serve on at least one committee.In its January <strong>2007</strong> meeting, Ivan Pictet, ManagingPartner of Pictet & Cie Private Bankers, and HeizoTakenaka, Director, Global Security ResearchInstitute, Keio University, and a former memberof the Japanese Government, were unanimouslyelected new members of the Board.During the same Board meeting, Heinrich vonPierer and Nobuyuki Idei, whose three terms ofthree years each had come to an end, did not seekre-election. The Board expressed its greatappreciation for their engagement and friendship.On 28 June <strong>2007</strong>, the <strong>World</strong> <strong>Economic</strong> <strong>Forum</strong>announced that former UK Prime Minister Tony Blairhas joined the Foundation Board.On 1 July <strong>2007</strong>, the Foundation Board consistedof the following members:Klaus Schwab, Executive ChairmanJosef Ackermann, Vice-ChairmanKurt Alig, SecretaryTony BlairPeter Brabeck-LetmatheLord Carey of CliftonVictor L.L. ChuFlavio CottiMichael S. DellNiall FitzGeraldOrit GadieshCarlos GhosnRajat GuptaMaurice LévyNandan NilekaniIvan PictetHM Queen Rania of the Hashemite Kingdomof JordanPeter SutherlandHeizo TakenakaErnesto ZedilloFor more information about the Foundation Board,visit www.weforum.org/foundationboardStructureThe <strong>Forum</strong>’s structure consists of six coredepartments: the Centre for Global Industries,Regional Agenda Teams, the Centre forPublic–Private Partnerships, Strategic InsightTeams, Communications, and Events andResources Management.Centre for Global IndustriesOur Centre for Global Industries is based inNew York and is responsible for managingrelations with the global communities of businessleaders drawn from around 15 industry sectors.It is committed to fostering engagement between<strong>Forum</strong> members through the IndustryPartnerships programme.Regional Agenda TeamsThe Regional Agenda teams deliver value tomembers and potential members via a seriesof regional and national meetings. The departmenthas six teams who focus on key regional and globaltrends to develop an understanding of how theyaffect an increasingly interconnected world.Centre for Public–Private PartnershipsThe Centre for Public–Private Partnerships wascreated by the <strong>World</strong> <strong>Economic</strong> <strong>Forum</strong> to broadenthe application of public–private partnerships tosome of the world’s most pressing problems.The Centre consolidates all of our task forcesand initiatives and is a comprehensive resourcefor companies seeking to engage with the publicsector to tackle global issues.Strategic Insight TeamsThe Strategic Insight teams work with the <strong>Forum</strong>’snetwork of communities, such as businessleaders, NGOs and policy-makers to createrelevant strategic insight. The department hasfour core teams, focusing on the global agenda,scenarios, economics and competitiveness,and global challenges.CommunicationsThe Communications department consists of threeteams, focusing on the <strong>World</strong> <strong>Economic</strong> <strong>Forum</strong>’swebsite, publications and media relations. The threeteams work together to publicize the <strong>Forum</strong>’s workand to explain to both members and non-membershow it delivers on its mission.Events and Resources ManagementEach year we bring together thousands of decisionmakersat <strong>World</strong> <strong>Economic</strong> <strong>Forum</strong> meetingsand regional meetings to address the most crucialissues facing mankind. To maintain quality andeffectiveness, we have a team with uniqueknowledge and experience in developing suchhigh-calibre events.
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