June 28, 2012
The resolution adopted by the Rutgers Board of Governors today underscores the Board’s support for a proposed merger of the University of Medicine and Dentistry of New Jersey into Rutgers University which could elevate Rutgers’ status to among the top 25 most elite research universities in America.
The resolution notes that negotiations with legislative leaders and the Governor have led to a proposal that would incorporate UMDNJ into Rutgers while allowing Rutgers to maintain its presence in Camden as well as preserve the university’s autonomy and independence.
The resolution further notes that because the effective date of the legislation is July 1, 2013, both the Board of Governors and the Board of Trustees will have adequate time to conduct thorough due diligence, identify and resolve any outstanding issues and fully discharge their fiduciary responsibilities before casting a vote to approve or disapprove the merger.
Under the Rutgers Act of 1956, both Boards are required to consent to the changes proposed in the legislation before those changes can take effect.