5.0.2 Corporate Governance is inextricably intertwined with economic and political governance, such that good corporate governance can only be achieved under good economic and good political governance. In that direction, Nigeria has ratified and domesticated most of the international, regional and subregional standards and codes relating to corporate governance, and is using them with the aim of promoting effective and efficient business activities. 5.0.3 Some of these standards and codes include:  Principles of Corporate Governance in the Commonwealth (1990)  African Charter for Popular Participation in Development and Transformation (1990).  Conventions on Combating Bribery of Foreign Public Officials in International Business Transparency (1997)  Guidelines on Corporate Governance of State- Owned Enterprises (2005) (OECD)  Convention for the Unification of Certain Rules for International Carriage by Air (Montreal 1999)  Convention on the Establishment of International Fund for Compensation for Oil Pollution, Damage and Protocol 71/92. Progress on Implementation of the Objectives of Corporate Governance. 5.0.4 The Corporate Governance thematic area of APRM has five specific objectives namely:  To provide an enabling environment and regulatory framework for economic activities.  To ensure that corporations act as good corporate citizens with regard to human rights, social responsibility and environmental sustainability.  To promote the adoption of codes of good business ethics in achieving the objectives of the corporation.  To ensure that corporations treat all stakeholders, shareholders, employees, consumers, suppliers and communities fairly.  Providing for accountability of corporations, Directors and Officers. 48