The term UNIVERSITY GOVERNING BODY can refer to two different entities: a SENATE and a Board of Trustees. A SENATE is a governing body of a university, typically composed of faculty members, students, and administrators. The SENATE is responsible for making decisions on academic matters, such as curriculum, faculty appointments, and student discipline. A Board of Trustees is a group of individuals who are responsible for the overall governance of a university. They are responsible for setting policies, approving budgets, and overseeing the university's financial operations.