CHAPTER     5   CORPORATE  GOVERNANCE     5.0   Introduction   This   section   provides   an   assessment   of   the   progress   made   in   implementing   the   recommendations   under   the   Corporate   Governance   portion   of   the   National   Programme   of   Action.     5.1   Develop  Single  Corporate  Governance  Guidelines   The  Securities  and  Exchange  Commission  (SEC)  notes  that  there  is  still  no  single  document  on   Corporate   Governance   guidelines.   The   country   has   however   a   number   of   mandatory   and   voluntary  codes  and  these  include:   • Companies  Code,  1963  (Act  179)   • Corporate  Governance  Manual  of  the  Securities  and  Exchange  Commission   • Institute  of  Directors  (IoD)  Code  of  Ethics  for  Directors   • Ghana  Business  Code   • Multinational   corporations   have   Corporate   Governance   Guidelines   of   their   parent   company   The   SEC   says   more   funds   are   needed   in   order   to   harmonise   and   develop   unified   corporate   governance   guidelines   that   will   be   used   by   companies   in   the   country.   However,   a   number   of   private   sector   organisations,   including   Private   Enterprise   Foundations   (PEF)   are   working   to   harmonise  the  current  voluntary  and  mandatory  codes  into  a  unified  document.   87