Henry R. Kravis

The Allen & Company Sun Valley Conference is an annual conference hosted and wholly independently funded by private investment firm Allen & Company. The conference has taken place in Sun Valley, Idaho for one week each July since 1983. The conference typically features business leaders, political figures, and major figures in the philanthropic and cultural spheres.

The 60th Bilderberg Meeting will be held in Chantilly, Virginia, USA from 31 May - 3 June 2012. The Conference will deal mainly with political, economic and societal issues like Transatlantic Relations, Evolution of the Political Landscape in Europe and the US, Austerity and Growth in Developed Economies, Cyber Security, Energy Challenges, the Future of Democracy, Russia, China and the Middle East. Approximately 145 participants will attend of whom about two-thirds come from Europe and the balance from North America and other countries. About one-third is from government and politics, and two-thirds are from finance, industry, labor, education, and communications. The meeting is private in order to encourage frank and open discussion. Bilderberg takes its name from the hotel in Holland, where the first meeting took place in May 1954. That pioneering meeting grew out of the concern expressed by leading citizens on both sides of the Atlantic that Western Europe and North America were not working together as closely as they should on common problems of critical importance. It was felt that regular, off-the-record discussions would help create a better understanding of the complex forces and major trends affecting Western nations in the difficult post-war period. The Cold War has now ended. But in practically all respects there are more, not fewer, common problems - from trade to jobs, from monetary policy to investment, from ecological challenges to the task of promoting international security. It is hard to think of any major issue in either Europe or North America whose unilateral solution would not have repercussions for the other. Thus the concept of a European-American forum has not been overtaken by time. The dialogue between these two regions is still - even increasingly - critical. What is unique about Bilderberg as a forum is the broad cross-section of leading citizens that are assembled for nearly three days of informal and off-the-record discussion about topics of current concern especially in the fields of foreign affairs and the international economy; the strong feeling among participants that in view of the differing attitudes and experiences of the Western nations, there remains a clear need to further develop an understanding in which these concerns can be accommodated; the privacy of the meetings, which has no purpose other than to allow participants to speak their minds openly and freely. In short, Bilderberg is a small, flexible, informal and off-the-record international forum in which different viewpoints can be expressed and mutual understanding enhanced. Bilderberg's only activity is its annual Conference. At the meetings, no resolutions are proposed, no votes taken, and no policy statements issued. Since 1954, fifty-nine conferences have been held. The names of the participants are made available to the press. Participants are chosen for their experience, their knowledge, and their standing; all participants attend Bilderberg in a private and not an official capacity.