Arun Sudhaman 21 Jan 2014 // 12:00PM GMT

Like no other event, the annual World Economic Forum in Davos provides us with a compelling reminder of how the language of public relations has well and truly penetrated the boardroom.
The importance of trust, the requirement for authenticity, the need to marry profit
and purpose — these are all issues that effectively form core elements of
the Davos agenda. This year, for example, it is income equality that appears set
to concentrate the minds of the super-elite, who have identified it as the
most pressing threat to the global economy.
As WEF founder Klaus Schwab argued last week, uninclusive growth is not sustainable.
The title of this year’s Forum, meanwhile, is ‘The Reshaping of the World: Consequences
for Society, Politics and Business.’ It is the kind of phrase that will ring true
with public relations people, or at least those who are aware of the need to balance
multiple stakeholder expectations, rather than focusing on profit to the detriment
of all else.
So it is hardly surprising that Davos is now an increasingly necessary stop on the
global treadmill for senior comms heads and global agency CEOs. A couple of years
ago, we
analysed this trend in some detail, asking whether Davos simply represents
an exercise in spin — an attempt to deflect criticism and deter regulation
during the one week of the year when business leaders profess to care about anything
other than profit.
That kind of argument is
not an uncommon one, but is sharply contested by the public relations people
who make the Davos pilgrimage. If nothing else, the WEF affords them an opportunity
to position their work as central to corporate behaviour, rather than as another
trivial marketing tactic. In that context, the Forum’s agenda is not the only draw;
the opportunity to build relationships with business and political leaders can only
help the industry’s efforts to build stronger boardroom credibility.
To investigate all of this and more, I will be reporting live from Davos this week
for the Holmes Report, in conjunction with MSLGroup. We’re hopeful you find the
coverage illuminating and helpful. As always, we look forward to your participation
and insight.