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The Geneva-based institution said in an emailed statement it was undergoing a planned "governance evolution" from a founder-managed organization to one where the president and the managing board assume full executive responsibility.
Klaus Schwab, founder of the World Economic Forum, will step back as executive chairman and become chairman of the board of trustees by January. The WEF aims to transition to an organization with a stronger executive board governance. Schwab founded WEF in 1971 to address global issues through its annual Davos gathering.
![The World Economic Forum: More Valid than Ever or a Relic of the Past? [PRINT SUBMISSION] - Vimarsana News](https://roarnews.co.uk/wp-content/uploads/2024/02/Ukraine_President_Volodymyr_Zelenskyy_and_Klaus_Schwab_at_the_World_Economic_Forum_in_Davos_22_January_2020-1024x576.jpg)
Staff Writer Perla Lepage scrutinizes the World Economic Forum's recent operations and asks whether it has outlived its usefulness.
UNITED NATIONS, Feb 23 (IPS) - At the start of 2024, we stand at a critical juncture: Geopolitical tensions are escalating, economic integration is unravelling, and multilateral cooperation is faltering. This global fragmentation threatens to undermine decades of progress made for children worldwide.