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100 CEOs to Gather in Seoul at G-20 Summit
Source: worldbank.org
Source Date: Thursday, August 05, 2010
Focus: ICT for MDGs, Citizen Engagement
Created: Aug 09, 2010

“One hundred business movers and shakers from around the world will come together in Seoul later this year when heads of the 20 major economies meet for a global economic summit,” organizers of the business meeting here reportedly said Thursday.

The committee planning the meeting said that CEOs from 100 global companies are expected to attend the two-day Seoul G-20 Business Summit starting Nov. 10, just a day before the G-20 summit is convened, according to local news reports. [Xinhua]

South Korea, which chairs the G20 leaders' meeting on November 11-12 in Seoul, will push to make the business summit a regular part of the G20 process. Previous G20 summits have also included business chiefs, but organisers of the November 10-11 business summit said it would be the largest such gathering and would be closely linked to the main summit.

The chief executives will freely discuss their economic concerns at a round table with the political leaders, organisers said.

The Seoul G20 summit, the fifth to be held by leaders of the 20 top world economies, will mark the start of a transition "from a crisis response mode to post-crisis mode", said Kwon Hae-Ryong, director-general of the organising committee. [Economic Times]

Organisers said they had confirmed acceptances from leading companies in various industries including private equity (Blackstone), credit cards (Visa), steel (ArcelorMittal), food (Nestle), nuclear power (Areva), cellphone semiconductor chips (Qualcomm), rail transport (Alstom), wind power (Vestas), auto parts (Bosch), iron ore production (Vale), water treatment (Veolia) and outsourcing for retailers (Li & Fung).

Acceptances had also been received from CEOs of the largest companies in a particular field in each continent or nation, including HSBC, Takeda Pharmaceutical, Deutsche Bank, Total, Eni, Repsol and Nomura Holdings. [Agence France Presse]

Prior to the summit, the participating business leaders will name deputies to take part in two preliminary meetings in September and October. There they will establish a joint report on 12 major issues, such as ways to promote global trade, investment and job creation.

The report will be formally adopted by the CEOs and then delivered to the G-20 leaders at the upcoming Seoul summit, according to the organizing committee. [Yonhap News].
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