GENEVA (AP) — The World Economic Forum, which runs an annual gathering of elites in Davos, Switzerland, says its board has given its unanimous support for an independent investigation into allegations of misconduct by founder Klaus Schwab.

Klaus Schwab, founder of the World Economic Forum, whose annual gathering of business and political leaders in the Swiss mountain resort of Davos became a symbol of globalisation, has resigned as chair of its trustees.

The World Economic Forum, which runs an annual gathering of global elites at Davos, Switzerland, has authorized an independent investigation into whistleblower allegations against its recently departed founder and chairman, Klaus Schwab.