The B20 first met in Toronto, in parallel to the G20 Summit which took place on June 2010. In this occasion, for the first time the dialogue between government and company leaders was institutionalized, with the aim of enriching G20 discussions as well as allowing the private sector to contribute with recommendations for practical solutions to global issues.

Since its creation, the B20 has gathered and met with the G20 leaders three times: in Toronto, on June 2010; in Seoul, on November 2010; and in Cannes on November 2011. In each of these occasions the B20 generated recommendations that have been discussed in meetings between corporations' leaders and Heads of State.

With time, the importance of the B20 has been growing as a result of the increased participation of the business community, business chambers and international organizations. This allowed an increase in the quality of the recommendations generated, a larger percentage of which has been reflected in the G20 recommendations; as well as an increase in the number of government leaders involved in continuous dialogue with the private sector.

The Toronto, Seoul and Cannes Summits generated reports with specific and actionable recommendations on more than 20 topics, which have been delivered to the G20 and discussed both with G20 Sherpas and Heads of State.

Since the Cannes and Seoul Summits, significant progress has been made in several issues discussed during the B20, in line with its recommendations – particularly in the Anticorruption, Green Growth, Trade and Investment and Financing for Growth and Development topics.

Almost half of the recommendations developed by the B20 in Cannes were included in the Final Report of the G20 Summit. Several recommendations were also recognized during the G20 final declaration, among others concerning job creations through Small and Medium Enterprises, the social dimension of globalization, and the development of long term investments. Also during the Cannes Summit, the G20 recognized the importance of the dialogue with the private sector in its final statement, in particular with regard to the topics of job creation and fight against corruption, on which the G20 countries recognized that a significant advance has been achieved. (Arts. 7 and 88 of the Final Declaration of Cannes 2011) At the same time, the G20 has recognized the importance of dialogue with the private sector making emphasis on employment and anti-corruption topics in which the G20 countries have recognized a significant advance (art. 7° and art. 88 of the final declaration of Cannes 2011).

Each successive B20 has played an increasingly constructive and meaningful role in the G20 process. In preparation for the Los Cabos G20 meeting, some important innovations have been implemented, with the aim of ensuring the development of more relevant and easily implementable recommendations:

• Broader multistakeholder perspectives: we have included global experts and key members of civil society as full members in the task forces that have developed the recommendations that will be proposed to the G20 leaders.
• Closer links with the G20 process: we have briefed the G20 Sherpas on a regular basis and invited government liaisons to each task force.
• Timeliness: we developed detailed recommendations two months before the G20 meeting at Los Cabos, and have reviewed and discussed them with the President of Mexico Felipe Calderón, as the President of the G20, in Puerto Vallarta on April.
• Continuity and impact: we have developed a breakthrough "Advocacy and Impact Task Force," in addition to our seven core thematic task forces, whose task is to ensure that the recommendations resonate across countries and are carried forward from one year to the next.