World Confederation of Businesses

The World Confederation of Businesses (WORLDCOB) is an American business organization founded in 2005 that awards the annual Bizz Awards and other certifications. The ceremony is hosted annually in three different cities, one for Europe, one for Americas, and the one for the joined region of Asia, Middle East and Africa.^[1]

World Confederation of Businesses

Company type	Private company
Industry	Business Organization
Founded	2004; 21 years ago (2004)
Founder	Jesus Moran
Headquarters	Houston , United States
Services	Bizz awards, CSR certification
Website	www.worldcob.org

Worldcob's Bizz Award has been criticized as a vanity award.^[2][3][4] One of the accusations has been that Worldcob contacts a number of small and medium enterprises telling them that they've been nominated and for a fee the company would guarantee them the Bizz Award.^{[5][verification needed][6][7]}

History

The company was founded on September 9, 2004, in the city of Houston, Texas by Jesus Moran under the name of "MPBM. Co". Authorization was requested for the use of the name World Confederation of Businesses as the Trade name of "MPBM. Co".^[8]

WORLDCOB has a governing body consisting of the chairman, vice chairman, and the board of directors, made up of a multidisciplinary team with experience in the field of business consultancy and advisory. The main offices were set up in Houston, Texas and Lima, Peru.^[9]

In 2005 the company launched the Bizz Awards programme.^[1] WORLDCOB is a participant of the United Nations Global Compact since 2008.^[10]

In 2019, the organization announced the launching of Worldcob Trust Seal (WTS), a service that verifies the legal and operational status of a business.^[11]

Bizz Awards

Award winners at the 2011 Bizz Awards

Worldcob is the awarding body of the Bizz Awards, founded in 2005.^[1] The award takes place in three different cities each year, one for the Europe, one for Americas, and the one for the region of Asia, Middle East and Africa.^[12][13] Until 2006, the award ceremony was accompanied by a business fair, where organization members presented their businesses. The fair was called the ExpoBizz business forum.^{[citation needed]}

The Bizz Awards ceremony was hosted in Houston (2005), New York City (2006), Punta Cana (2007), Panama City (2008), Cuzco, Peru (2009),^[14] Houston again (2010), Rome (2011),^[15] both in Bahamas and Dubai in 2012, Los Cabos and Paris in 2013,^[16] Abu Dhabi, Hawaii, Venice in 2014,^[17][18] Muscat, Las Vegas, Athens in 2015,^[19] Marrakesh, Washington D.C. and Monte Carlo in 2016,^[17][12] Dubai, St. Thomas and Bucharest in 2017,^[20] Hong Kong, Miami Beach and Prague in 2018.^[21]

Corporate social responsibility certification

Since 2011 the organization has also been the certifying body for the Worldcob certification in corporate social responsibility (WORLDCOB-CSR).^[22] The certification lasts for a single year, and is determined after an audit of corporate documents by the organization.^[23] The organization states that it has over 3000 members in over 130 countries.^[22] It launched a business-to-business online platform in 2009, where members contact each other and conduct various business transactions.^[24][25][26] The congress also holds the CSR Workshop Tour.^[27]

The organization has developed WORLDCOB-CSR.2011.03 Standard Certification, an International Standard which is validated by the British Standard Institute.^[28][29][30]