CORPORATE GOVERNANCE ? ? ? ? ? ? ? International accounting standards; International standards on auditing; Core principles of effective banking supervision; Core principles for securities and insurance supervision and regulation; African Charter on Human and Peoples' Rights; Labour Codes of the International Labour Organisation (ILO); and Codes on industrial and environmental safety and hygiene of the World Health Organisation. 6. The OSCI document also identifies five broad objectives for guiding corporate governance reform in Africa: ? Promoting an enabling environment and effective regulatory framework for economic activities; ? Ensuring that corporations act as good corporate citizens with regard to human rights, social responsibility and environmental sustainability; ? Promoting the adoption of codes of good business ethics in achieving the objectives of the corporation; ? Ensuring that corporations treat all their stakeholders including shareholders, employees, communities and suppliers, fairly; and ? Providing for accountability of corporations, directors and officers. 4.2 Implementation of standards and codes i. Self-assessment 7. Ghana has adopted a number of internationally accepted corporate governance standards and codes, as reflected below. Principles of corporate governance (OECD and Commonwealth) 8. In Ghana, before the publication of the OECD, Commonwealth and King's reports, the Companies Code (Act 179 of 1963) was the main instrument with provisions that affect corporate governance, for example the appointment and replacement of directors, treatment of shareholders and requirements for external audits. Following the promulgation of the international codes, Ghana developed a Manual on Corporate Governance and Codes of Conduct that upholds the principles enshrined in the OECD, Commonwealth and King's reports. The Securities and Exchange Commission (SEC) 85