OM 7.27.0 Policy Statement on Mergers, Acquisitions, and Partnerships (MAP)
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Effective Date: February 2021 |
Policy Contact: Office of the President |
Policy
Consistent with our commitment to shared governance, the following principles shall guide the process for mergers, acquisitions, and partnerships.
- Inform. As appropriate, members of the university community will be informed of the need or desirability for merger and/or acquisition as early as possible and will be apprised of status and tasks as regularly as is reasonable
- Consult. As appropriate, members of the university community with relevant roles and expertise will contribute information and/or resources to ensure task completion.
- Support. As appropriate, members of the university community will guide and provide input to task progress and outcomes.
- Responsibility. As appropriate, members of the university community will own the performance of tasks.
- Accountability. As appropriate, members of the university community will be accountable for the accurate, on-time and on-budget completion of tasks.
Reason for Policy
In recognition that the landscape of higher education necessitates proactive decision-making. Mergers, acquisitions, and partnerships have impacts across the institution. Therefore, it is essential that the MAP process involves not only the administration and board of trustees but the faculty and other constituents who may be affected, whose expertise and support are essential to completion of due diligence, and who may be responsible and/or accountable in this process.