The World Economic Forum said on April 22 that it launched an investigation after allegations of misconduct by its former chairman, Klaus Schwab, were sent to its board.
Schwab resigned from his position as chair of the Geneva-based WEF’s board of trustees on April 21, a WEF spokesperson said in an emailed statement to The Epoch Times.
The probe is in response to a Wall Street Journal report that an anonymous letter sent in mid-April to the World Economic Forum’s board raised concerns about the organization’s governance and workplace culture.
“The Board of Trustees of the World Economic Forum unanimously supported the Audit and Risk Committee’s decision to initiate an independent investigation following a whistleblower letter containing allegations against former Chairman Klaus Schwab,” the WEF spokesperson said.
The decision was made after consultation with external legal counsel and in line with the forum’s fiduciary responsibilities, according to the statement.
The investigation will be led by the Audit and Risk Committee with the support of independent legal experts, and the Committee will move “expediently to determine its processes and parameters and will share its progress with the Board,” the statement said.
Hellbound and Down 