It is a Swiss nonprofit foundation, based in Cologny, Geneva.
The forum was founded in 1971 by Klaus Schwab, a German-born business professor at the University of Geneva.
Recognized by the Swiss authorities as the international institution for public-private cooperation, its mission is cited as “committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas”.
The Forum is best known for its annual winter meeting for five days in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland.
The meeting brings together some 2,500 top business leaders, international political leaders, selected intellectuals, and journalists for up to five days (winter) to discuss the most pressing issues facing the world.