New Delhi, March 20 -- The World Economic Forum (WEF), best known for hosting the annual Davos gathering, is reportedly considering ways to trim its sprawling board of members, a move that could consolidate power at the top of the organization.

According to a report by Financial Times, proposals to reduce the size of the 28-member WEF board are already under consideration and are expected to be debated formally in the coming months.

The publication, citing people familiar with the matter, also reported that a decision could be around the corner, and could come as soon as the trustees' biannual in-person meeting held in summer.

While the WEF is likely to formally debate these ideas soon, the proposal isn't new - FT reported that the ide...