From Abu Dhabi's The National, August 16:
Board of WEF clears founder Schwab of 'material wrongdoing' after investigation
BlackRock chief executive Larry Fink has been appointed interim co-chairman of the World Economic Forum (WEF), which organises the annual meeting of leaders in Davos, Switzerland.
Andre Hoffmann, the vice chairman of Swiss based healthcare company Roche Holding, will also be interim co-chairman of the WEF, according to an announcement on Friday.
“The world is more fragmented and complex than ever, but the need for a platform that brings together business, government, and civil society has never been greater,” Mr Fink and Mr Hoffmann said in a joint statement.
“We remain optimistic. The forum has an opportunity to help drive international collaboration in a way that not only generates prosperity but distributes it more broadly.”
"This renewed vision can promote open markets and national priorities side by side, while advancing the interests of workers and stakeholders globally," they said.
Both Mr Fink and Mr Hoffmann have been serving on the WEF’s board before being appointed to the current position.
The latest announcement comes as global economy feels the impact of geopolitical matters and the rise in protectionism fostered by the introduction of US tariffs.
US President Donald Trump shook the world economy following his April 2 "liberation day" announcement, with new tariffs.
A number of leaders from the world of business and politics attend the forum every year. Mr Trump addressed the forum online this year.
The board of trustees of the WEF cleared founder Klaus Schwab of any “material wrongdoing” following an investigation into allegations raised by anonymous whistleblowers....
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