MeadWestvaco Joins The Darden School Of Business' Initiative For Business In Society (IBiS) As Founding Corporate Partner

 MeadWestvaco Joins The Darden School Of Business' Initiative For Business In
                 Society (IBiS) As Founding Corporate Partner

PR Newswire

CHARLOTTESVILLE, Va., Nov. 19, 2012

CHARLOTTESVILLE, Va., Nov. 19, 2012 /PRNewswire-USNewswire/ -- The University
of Virginia Darden School of Business today announced that the MeadWestvaco
(MWV) Foundation has provided founding support for Darden's Initiative for
Business in Society (IBiS). MWV's CEO and Chairman John A. Luke Jr. will serve
on the IBiS Advisory Committee.

The Darden research Center of Excellence, launched in October 2011, explores
business' role in society and the issues that impact the dynamics between
business, government and society. The center's mission is to be a leading
global catalyst and convener of thought, information and action at the
interface of business and society.

"We are incredibly grateful for MWV's support as a founding corporate partner
and look forward to our important work ahead," said Darden Dean Bob Bruner.
"IBiS is the first center of its kind at a leading global business school to
focus on the intersection of business and society in alliance with global
corporations. MWV's insights as a global packaging solutions company will be
highly valuable as we execute an ambitious research agenda."

MWV is widely recognized for its efforts in sustainability and its commitment
to the communities in which it does business. In 2011, the company was listed
for the eighth consecutive year on the Dow Jones Sustainability World Index
for its commitment to and success in integrating sustainability into core
business objectives and performance. Since 2003, the MeadWestvaco Foundation
has given more than $36 million and employees have volunteered half a million
hours to sustainable communities, environmental stewardship and education. The
company's size and global reach position it at the leading edge of business;
MWV works closely with customers, consumers and communities around the globe.

"As a global company, we work with our customers to develop innovative
packaging solutions that address challenges shaped by economic, cultural and
political forces in more than 100 countries around the world," said John A.
Luke Jr, chairman and CEO, MWV. "Beyond sustainability and corporate social
responsibility, truly understanding the interconnectedness of business and
society is essential to drive profitable growth, encourage innovation and
benefit communities. MWV is honored to partner with Darden to continue to
evolve our understanding of the role of business in society."

In addition to developing new knowledge, IBiS will prepare leaders to better
understand how business and society mutually engage in value-added
opportunities. The center will equip these leaders with the skills they need
to navigate challenges and deliver value in an increasingly complex world.

Luke will serve on the IBiS Advisory Committee, along with executives of
founding corporate partners -- including Amgen and Northrop Grumman -- Darden
Dean Bob Bruner and members of Darden's faculty. The committee shapes IBiS's
suite of activities, which include:

  oConferences and events with a wide range of leaders that will present
    insights, strategies and leading practices
  oNew case studies published by Darden Business Publishing and used in
    classrooms and organizations around the world
  oNew courses taught in the three formats of the Darden MBA: MBA, MBA for
    Executives and Global MBA for Executives, and in Darden Executive
    Education
  oResearch that will explore how business, government and society can work
    together toward common goals, such as addressing risk and creating value
    for society

Since its founding, IBiS has published new case studies, sponsored U.Va.
conferences for students, executives and policy thought leaders, and developed
a multimedia series, Viewpoints on Business in Society, featuring perspectives
from a cross section of Darden's top-ranked faculty.

"The corporate support and close collaboration of MWV will provide critical
insights into the issues and leading practices of the consumer goods sector
and the packaging and container industry," said Dean Krehmeyer, executive
director of IBiS. "Together, we will work to expand IBiS' influence and make a
real-time, positive impact on the areas where business, government and society
intersect."

About the University of Virginia Darden School of Business

The University of Virginia Darden School of Business is one of the world's
leading business schools, offering MBA, Ph.D. and Executive Education
programs. The unique Darden experience combines the case study method, the
highest-ranked faculty whose research advances global managerial practice and
business education, and a tight-knit learning environment to develop
principled and complete leaders who are ready to make an impact.

About the MeadWestvaco Foundation

Guided by principles established more than 50 years ago, the MeadWestvaco
Foundation promotes sustainable communities, education and environmental
stewardship worldwide and encourages employee volunteer participation.
Operating in MWV communities, the Foundation partners with both national and
local organizations. And through its purposeful involvement since 2003, these
programs have benefited from more than $36 million in strategic grants. In
addition, employees have given more than 572,000 hours to over 3,000 programs.
For more information on the many ways in which the MeadWestvaco Foundation
gives back, please visit www.mwvfoundation.com.

This news release was issued on behalf of Newswise(TM). For more information,
visit http://www.newswise.com.

Media Contacts:
Abena Foreman-Trice
foremantricea@darden.virginia.edu

SOURCE University of Virginia Darden School of Business
 
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