In this section, “Graduate Professional Certificate Program” means a program that: Offers and awards a graduate certificate for successful completion of the number of courses required by the appropriate national professional association or state licensure or certification board for business and health professions and occupations; and Satisfies the requirements beyond the baccalaureate level for licensure or certification in a profession or occupation. An institution of higher education may establish a Graduate Professional Certificate Program if the institution offers a degree program directly related to the area of licensure or certification. The president of an institution of higher education shall notify the governing board of the institution and the Commission of the institution’s intent to offer a Graduate Professional Certificate Program. The Program shall be approved by the Commission and implemented consistent with the provisions of this section.