Institute chief leading discussions on financial crisis at World Economic Forum

The session will examine the ways in which the world responds to international financial crises, the rules governing global financial stability and the issue of where responsibility lies for the restructuring of these rules.

Dame Sheila said: ‘This is the first time a professional institute has been admitted as a member of the World Economic Forum and I am delighted to have been asked to participate.

‘Recent turbulence in the global economy has shown just how vulnerable countries can be. The financial structures that support economic activity can also be exposed by it, as we have seen in Korea and South America. There is agreement for change but no consensus on what change. And much work remains to be done.

‘The World Economic Forum is a unique partnership bringing together business, political and intellectual leaders from around the world and I believe it is an ideal platform to debate these issues.’

The Conference, which runs from the January 27 to February 1, will examine a range of global issues in the fields of business, technology, the environment, economics, science and medicine.

Prime Minister, Tony Blair, is also scheduled to address delegates.

European Union will not survive without improving financial management, warns Dame Sheila

Related reading