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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. ....
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