Pursuant to Section 7 of the ÍæÅ¼½ã½ã Act (now repealed) the ÍæÅ¼½ã½ã formulated its IP Policy to guide its management, employees, students and associates concerning the development, ownership, management and marketing of intellectual property. The policy was formally approved by the ÍæÅ¼½ã½ã Council in 2006.