The Board of Regents will cancel its formal session in January 2014 to instead meet in an informal, strategic session in New York City. The meetings will take place Jan. 16-17. Board Chair Andrea Fischer Newman made the announcement Friday during the board’s meeting on the UM-Flint campus.
These items were approved by the Board of Regents at its meeting Friday:
The University of Michigan continues to be in excellent financial health because of faculty and staff who are focused on the institution’s core missions “as well as pursuing new ideas to contain costs, maximize resources and increase efficiencies.”
The University of Michigan endowment grew to its highest point ever — $8.4 billion for the fiscal year ended June 30. The U-M endowment is ranked as the second-largest endowment in the nation among public universities and the seventh-largest among all U.S. universities.
The Board of Regents on Friday approved plans to proceed with the design of a unique environment for testing connected and automated vehicles.