Commerce’s first patent…Inventing a framework to measure corporate governance Achi-News

Achi news desk-
Education Correspondent This is an achievement and good news for Ranchi University. The PG Trade Department, which is in the news for various reasons, has succeeded in obtaining a patent for the first time since its establishment. This achievement and success is the result of Dr.’s research and hard work. MN Zubairi, Associate Professor of the Department, and its Research Scholar Diwakar Kumar. A framework has been developed to measure corporate governance in Indian steel manufacturing companies and industries. Due to this new framework, if the government implements any change in the rule or the new rule, the impact on the companies will be assessed immediately. What will be the financial burden of implementing new rules or changes in rules on the company? What effect will this have on the health of the company? Let us tell you that under Dr Zubairi’s monitoring, the patent application was granted in January this year. Recognition related to the patent was given in the 10th issue issued by the Indian Patent Office on March 8. As this is the first patent of the Department of Commerce, there is a wave of happiness among the teachers and employees of the department. This achievement will also be an inspiration to teachers, research scholars and students of the department in the coming days. ^Getting recognition of the new patent is nothing less than a great achievement for me. It is the result of getting proper guidance from Dr Zubairi. – Diwakar Kumar, Research Scholar ^ Using new patents will bring transparency in industries and companies. This will help the company in its operations. -Dr. MN Zubairi, Associate Professor This will be an advantage of the new patent Dr Zubairi believes that through the new patent it has become easier to analyze the impact of the corporate governance framework on the operations and performance of companies. Also, transparency and accountability can be further increased by using advanced methodology. Along with the transparency of the company, the credibility of the investors will also increase.