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Rutgers Board approves consent agenda including KPMG engagement, honorary degrees and multiple committee recommendations
Summary
On a unanimous consent vote, the Board approved committee recommendations covering appointing KPMG as external auditors for FY25, honorary degrees and commencement speakers at Camden, Newark and New Brunswick commencement ceremonies, and multiple administrative appointments and academic program items.
The Rutgers Board of Governors approved its consent agenda on April 24, which included the appointment of KPMG LLP as the university’s external auditors for the fiscal year ending June 30, 2025, the award of multiple honorary degrees and commencement speakers for May 2025 ceremonies across campuses, and a range of committee recommendations and personnel actions.
Committee on Audit materials presented the KPMG engagement letters and outlined audit scope and fees. The engagement letter identifies audit services for year‑end June 30, 2025 and related required work under the Uniform Guidance and New Jersey OMB Circular 15‑08; KPMG’s estimated fee for the audit portion was stated at $949,800 with an estimated total fee for related audit services and reimbursable expenses of $1,090,020. Separate agreed‑upon procedures for the NCAA athletic review and an EPA attestation were listed at $29,000 and $3,200 respectively, and other non‑audit services and agreed upon procedures were described in the materials presented to the Committee on Audit.
On academic matters the Board approved a suite of honorary degree awards and commencement speakers: Ms. Mickalene Thomas (Honorary Doctorate of Fine Arts; Rutgers–Camden), Mr. Ramy Youssef (Honorary Doctorate of Fine Arts; Rutgers–Newark), Dr. Lobsang Tenzin Negi (Honorary Doctorate of Science; Rutgers–Newark), Mr. Peter Seligmann (Commencement speaker; Rutgers–New Brunswick and Rutgers Health), Mr. Rajiv Vinnakota (Honorary Doctorate of Laws; Rutgers–New Brunswick), and Dr. Laurie L. Patton (Honorary Doctorate of Letters; Rutgers–New Brunswick). Committee chairs noted no objections during the motions; each motion was seconded and approved unanimously.
Other consent agenda items include board‑level recommendations for membership on advisory boards, academic appointment and promotion recommendations (including tenured appointments), the establishment of a Bachelor of Science in Entrepreneurship and Innovation at the School of Business–Camden, creation of the Endowed Professorship in Arts in Health (funded by an anonymous $4 million pledge), and committee‑endorsed routine contract, appointment and program items. The Board also ratified resolutions pertaining to earlier phases and approvals for the Medical Science Building modernization and other capital projects already described elsewhere in the meeting materials.
The consent agenda items were moved by Committee chairs, placed on the Board consent agenda, and approved without recorded debate or roll‑call dissent.
