New AAUP Report on Financial Exigency

The AAUP has just issued a new report on “The Role of the Faculty in Conditions of Financial Exigency.” The report “insists that faculty members must be involved in consultation and deliberation at every stage of the process, beginning with a determination that a state of financial exigency exists.”  According to the report, “Financial exigency can legitimately be declared only when substantial injury to the institution’s academic mission will result from prolonged and drastic reductions in funds available to the institution and only when the determination of the institution’s financial health is guided by generally accepted accounting principles.” InsideHigherEd has more information and an interview with Michael Berube about the report.