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What distinguishes the Swiss Finance Minister Ueli Maurer from Credit Suisse boss Tidjane Thiam for her appearance at the World Economic Forum in Davos? Mason must pay for his participation in anything.
For company representatives is the tour in the Grisons mountains, however, are not very cheap. Because there are companies that, with their contributions to the work of the WEF. The Forum has the legal form of a Foundation, which counts around 1000 members. Each member pays a yearly contribution of 60,000 francs. Simple members may send a representative to Davos. But needs to solve an additional Ticket. The cost of 25000 Swiss francs plus VAT.
And this is only the beginning. Because the WEF provides its members with various levels of cooperation. The spectrum ranges from the base membership on the Level "Partner" to "Strategic Partner". The latter will cost 600000 francs in the year.
According to the WEF Website 118 companies currently have this Top Status. In Switzerland, among others, Credit Suisse, ABB, Novartis and Nestlé in this category. These companies are allowed to send five participants to the WEF. Condition: at Least one woman. Otherwise, you are only allowed to four company representatives to Davos. Tickets à 25000 francs plus VAT cost extra.
The Status of "Strategic Partner" includes further services. Managers of these companies get private rooms for individual meetings. And the CEO may participate in the "Governors Meetings", where he can meet the group leaders in its sector in the narrowest circle.
"More than a Meeting"
it is Worth the effort? "Yes, because the WEF provides a unique neutral platform for Networking with political decision-makers," explains the Manager of a Swiss group, which for years has been "Strategic partners". "The WEF also includes far more than just the annual Meeting in Davos."
So the company would levels of employees of all Seniority to appoint working groups of the WEF, which deal with topics such as environmental, cyber risks, or sustainable Finance. And here representatives of the policy and non-governmental organizations with seats at the table, to not get which company alone, so a quick access.
the success of The WEF is shown in the Figures of the Foundation. Thus, the revenue of the forum have doubled in the past five years and amounted to just 327 million Swiss francs. The money WEF founder Klaus Schwab reinvested in the Expansion of the organization, the WEF opened in San Francisco a new center for the fourth industrial Revolution. (Editorial Tamedia)
Created: 21.01.2019, 08:06 PM
