CHAPTER 4 ? ? ? ? Provide opportunity, encouragement and support for Ghanaians living at home and abroad to participate in the privatisation programme. Amend the necessary laws including the Companies Code and the Divestiture of State Interests law to facilitate this. Establish, publicise and monitor the implementation of a corporate governance framework for SOEs, which enshrines OECD and Commonwealth guidelines. Counter the laissez faire attitude, excessive bureaucracy, lack of technical expertise and low commitment that contribute to the nonprofitability of some SOEs. 55. Securities market ? ? ? ? ? Strengthen the SEC to meet IOSCO requirements. Create a separate enforcement department at the SEC. Clarify and/or delineate the supervisory roles of the SEC and GSE. Improve the ICT capacities of the GSE to enhance electronic market surveillance. Complete and implement the review of relevant laws under the Financial Sector Strategic Plan in anticipation of future developments in the securities industry. Objective 2: Ensure that corporations act as good corporate citizens with regard to human rights, social responsibility and environmental sustainability i. Self-assessment 56. Further to the ILO conventions, the rights of workers in Ghana are also reinforced by the 1992 Constitution and enshrined in the Labour Regulation Act, 1969; Labour Decree, 1967; and the new Labour Act, 2003. Although the above rights are guaranteed, certain legislation such as the Industrial Relations Act of 1965 and the Trade Union Ordinance of 1941 effectively limits these freedoms. For example, although strikes and lockouts are not outlawed, the established legal procedures make it impossible to have a lawful strike or lock out. Only 5.7% of the labour force is unionised. 57. Environmental issues are handled through the Environmental Protection Agency Act. Established in 1994, the EPA is mandated to seek and request information on the activities of any establishment perceived to have adverse effects on the environment. Periodically, large companies in Ghana, such as Coca-Cola Bottling Company of 102