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==Organization== Headquartered in Cologny, the WEF also has offices in New York, Beijing, Tokyo and Seoul. In January 2015, it was designated an NGO with "other international body" status by the Swiss Federal Government under the Swiss Host-State Act.<ref>{{Cite web|url=https://www.weforum.org/press/2015/01/world-economic-forum-gains-formal-status-in-switzerland|title=Press Release: World Economic Forum Gains Formal Status in Switzerland|date=23 January 2015|access-date=11 October 2018|archive-date=11 October 2018|archive-url=https://web.archive.org/web/20181011053821/https://www.weforum.org/press/2015/01/world-economic-forum-gains-formal-status-in-switzerland|url-status=live}}</ref> On 10 October 2016, the WEF announced the opening of its new [[Center for the Fourth Industrial Revolution]] in San Francisco. According to the WEF, the center will "serve as a platform for interaction, insight and impact on the scientific and technological changes that are changing the way we live, work and relate to one another".<ref>{{Cite web|url=https://www.weforum.org/press/2016/10/new-forum-center-to-advance-global-cooperation-on-fourth-industrial-revolution/|title=New Forum Center to Advance Global Cooperation on Fourth Industrial Revolution|website=World Economic Forum|access-date=20 November 2016|archive-date=20 November 2016|archive-url=https://web.archive.org/web/20161120152702/https://www.weforum.org/press/2016/10/new-forum-center-to-advance-global-cooperation-on-fourth-industrial-revolution/|url-status=live}}</ref> The World Economic Forum declares that it is impartial and that it is not tied to any political, [[partisan (political)|partisan]], or national interests.{{cn|date=October 2024}} Until 2012, it had [[observer status]] with the [[United Nations Economic and Social Council]];{{cn|date=October 2024}} it is under the supervision of the [[Swiss Federal Council]].{{cn|date=October 2024}} The foundation's highest governance body is the foundation board.<ref>{{cite web |url=http://www.weforum.org/content/leadership-team |title=The Leadership Team | World Economic Forum-The Leadership Team |publisher=Weforum.org |access-date=3 August 2021 |archive-date=10 August 2014 |archive-url=https://web.archive.org/web/20140810132951/http://www.weforum.org/content/leadership-team |url-status=live }}</ref> The managing board is chaired by the WEF's president and CEO, [[Børge Brende]], and acts as the executive body of the World Economic Forum. Managing board members are Børge Brende, Julien Gattoni, Jeremy Jurgens, [[Adrian Monck]], Sarita Nayyar, Olivier M. Schwab, [[Saadia Zahidi]], and Alois Zwinggi.<ref>{{Cite web|url=https://www.weforum.org/about/leadership-and-governance|title=World Economic Forum, Governance and Leadership|access-date=3 August 2021|archive-date=21 April 2018|archive-url=https://web.archive.org/web/20180421194559/https://www.weforum.org/about/leadership-and-governance|url-status=live}}</ref> ===Board of trustees=== The WEF was chaired by founder and chairman [[Klaus Schwab]] until his departure in 2025 and is guided by a board of trustees that is made up of leaders from business, politics, academia and civil society. As of 2024, the board of trustees is composed of: [[Queen Rania of Jordan]], [[Mukesh Ambani|Mukesh D. Ambani]], [[Ajay Banga|Ajay S. Banga]], [[Marc Benioff]], [[Peter Brabeck-Letmathe]], [[Thomas Buberl]], [[Larry Fink|Laurence D. Fink]], [[Chrystia Freeland]], [[Orit Gadiesh]], [[Kristalina Georgieva]], [[Fabiola Gianotti]], [[Al Gore]], [[André Hoffmann (businessman)|Andre Hoffmann]], [[Paula Ingabire]], [[Joe Kaeser]], [[Christine Lagarde]], [[Yo-Yo Ma]], [[Patrice Motsepe]], [[Ngozi Okonjo-Iweala]], [[Lubna Olayan|Lubna S. Olayan]], [[David Rubenstein|David M. Rubenstein]], [[Ulf Mark Schneider]], [[Klaus Schwab]], [[Tharman Shanmugaratnam]], [[Jim Hagemann Snabe]], [[Julie Sweet]], [[Feike Sijbesma]], [[Heizō Takenaka]], and [[Zhu Min (economist)|Zhu Min]].<ref>{{Cite web |title=Leadership and Governance - World Economic Forum |url=https://www.weforum.org/about/leadership-and-governance/ |access-date=22 May 2024 |archive-date=22 May 2024 |archive-url=https://web.archive.org/web/20240522020931/https://www.weforum.org/about/leadership-and-governance/ |url-status=live }}</ref> Members of the board of trustees (past or present) include: [[Al Gore]], [[Herman Gref]], [[André Hoffmann (businessman)|André Hoffmann]], [[Carlos Ghosn]], [[Christine Lagarde]], [[Chrystia Freeland]], [[David Rubenstein]], [[Ernesto Zedillo]], [[Fabiola Gianotti]], [[Feike Sijbesma]], [[Heizō Takenaka]], [[Indra Nooyi]], [[Jack Ma]], [[Jim Hagemann Snabe]], [[José Ángel Gurría]], [[Josef Ackermann]], [[Klaus Schwab]], [[Kofi Annan]], [[Larry Fink|Laurence Fink]], [[Leo Rafael Reif]], [[Luis Alberto Moreno]], [[Marc Benioff]], [[Mark Carney]], [[Maurice Lévy (Publicis)|Maurice Lévy]], [[Michael Dell]], [[Mukesh Ambani]], [[Muriel Pénicaud]], [[Niall FitzGerald]], [[Orit Gadiesh]], [[Peter Brabeck-Letmathe]], [[Peter Maurer]], [[Queen Rania of Jordan]], [[Rajat Gupta]], [[Susan Hockfield]], [[Tharman Shanmugaratnam]], [[Tony Blair]], [[Ulf Mark Schneider|Mark Schneider]], [[Ursula von der Leyen]], [[Yo-Yo Ma]], [[Zhu Min (economist)|Zhu Min]], Ivan Pictet, Joseph P. Schoendorf, Peter D. Sutherland, and Victor L. L. Chu..<ref name="wef40" /><ref name="botwef">{{Cite web|url=https://www.weforum.org/about/leadership-and-governance|title=World Economic Forum, Leadership and Governance|access-date=20 November 2019|archive-date=21 April 2018|archive-url=https://web.archive.org/web/20180421194559/https://www.weforum.org/about/leadership-and-governance|url-status=live}}</ref><ref name="wefbot16">[https://www.weforum.org/press/2016/08/world-economic-forum-announces-new-board-of-trustees-2016/ World Economic Forum Announces New Board of Trustees] World Economic Forum, press release of 25 August 2016 {{Webarchive|url=https://web.archive.org/web/20180114184301/https://www.weforum.org/press/2016/08/world-economic-forum-announces-new-board-of-trustees-2016/ |date=14 January 2018 }}</ref> ===Membership=== The foundation is funded by its 1,000 member companies, typically global enterprises with more than five billion dollars in turnover (varying by industry and region). These enterprises rank among the top companies within their industry and/or country and play a leading role in shaping the future of their industry and/or region. Membership is stratified by the level of engagement with forum activities, with the level of membership fees increasing as participation in meetings, projects, and initiatives rises.<ref>{{cite web |url=http://www.weforum.org/members |title=Members | World Economic Forum-Members |publisher=Weforum.org |access-date=22 January 2012 |archive-date=17 January 2012 |archive-url=https://web.archive.org/web/20120117115853/http://www.weforum.org/members |url-status=live }}</ref> In 2011, an annual membership cost $52,000 for an individual member, $263,000 for "Industry Partner" and $527,000 for "Strategic Partner". An admission fee costs $19,000 per person.<ref>{{cite web |title=The Truth About Davos: Here's Why People Happily Pay $71,000+ To Come – And Why They'll Keep Paying More Every Year |website=Business Insider |date=26 January 2011 |url=http://www.businessinsider.com/costs-of-davos-2011-1 |access-date=24 January 2017 |archive-date=8 January 2017 |archive-url=https://web.archive.org/web/20170108065945/http://www.businessinsider.com/costs-of-davos-2011-1 |url-status=live }}</ref> In 2014, WEF raised annual fees by 20 percent, bringing the cost for "Strategic Partner" from CHF 500,000 ($523,000) to CHF 600,000 ($628,000).<ref>{{cite news |title=Sky-high Davos summit fees leave multinationals feeling deflated |newspaper=The Financial Times |date=10 October 2014 |url=https://www.ft.com/content/e8a128cc-4fc8-11e4-a0a4-00144feab7de |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/e8a128cc-4fc8-11e4-a0a4-00144feab7de |archive-date=10 December 2022 |url-access=subscription}}</ref>
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