That discovery may represent intellectual property. This is referred to as faculty governance. In most cases faculty governance have primary responsibility for framing academic policies. The board may have responsibility for all public higher education institutions in the state. Some models have a separate board for each institution.
Private institution tend to have boards of trustees.
These overseeing boards are referred to as governing boards. In Kansas there a Board of Regents. It includes original works which tend to be transitory and differ from other forms of property. Works resulting in patents and copyrights tend to be the consequence of intellectual property. These policies are often referred to as intellectual property rights policies.