African Union Principles of Corporate Governance (2004) OTHER APPLICABLE INTERNATIONAL OR REGIONAL PROTOCOLS 1. 2. 4.2.2 For the standards and codes that have not been signed, ratified or enacted/implemented, outline the obstacles faced and any steps being taken to sign, ratify, enact/ implement such standards? Indicate other legislative or regulatory instruments that are in place for achieving similar objectives. Respondents should identify and focus on codes that are particularly relevant within their country‟s political and social contexts, especially on African standards and codes. 4.2.3 What enforcement mechanisms and reporting structures are available in respect of standards and codes that have been ratified. Outline where applicable, efforts or progress to ensure compliance with the relevant standard or codes. Respondents should identify and focus on codes that are particularly relevant within their country‟s political and social contexts, especially on African standards and codes. 4.2.4 If not already discussed, describe any legislation, policy or governmental actions that violate any of the listed standards and codes and describe. 4.3 Prior Evaluations and Assessments As part of their national, regional and international obligations, as well as on a voluntary basis, countries and global organizations periodically undertake assessments on various issues such as the financial sector, governance, investment climate and doing business surveys. This section requires countries to report on evaluations and assessments that have been undertaken. 4. 3.1. Please list any official evaluations, surveys, reviews and assessments for your country in the area of Economic Governance and Management (local, regional and International) which may usefully assist in compiling the country self assessment report e.g. World Bank Reports on Observance of Standards and Codes: Corporate Governance, Doing Business reports. 4.3.2. Please provide copies of any of the above that you feel may usefully contribute to the country’s self assessment. 4.4 Questions Relating to Objectives Objective 1: Design and implement economic policies for sustainable development Sustainable Development means that economic growth and expanded opportunities to create wealth, generate employment and raise living standards are achieved without excessive costs to the environment, to the economic fundamentals or to the population, and that this growth can continue in the long term. It is therefore important that economic policies are formulated and implemented in this light. 28