130 implementation of the trade facilitation programme. This policy seeks to promote the common strategic objectives of facilitating legitimate trade. The key pillars of the policy include Customs Legislation; Risk Management; Trade Partnerships; Standard Operating Procedures; and Customs Information Technology (IT) Connectivity. Continuous A process has been initiated to develop a common SACU position on the Rules of Origin (RoO) for clothing and textiles in relation to the SADC. This will form the basis of a common negotiation mechanism for future agreements that SACU enters into. CORPORATE GOVERNANCE Objective 1: Promote an enabling environment and effective regulatory framework for economic activities Expected output Required action Time frame Companies legislations not transformative and needs to be reviewed Accelerate reform of the Companies Act and enhance public participation in the process to Continuous The Companies Amendment Act of 2008 was adopted and implementation began on 1 May 2011. There has been a dramatic increase in the Progress 130 Remarks In pursuit of transformation, the new Companies Act of 2008 seeks primarily to facilitate the ease of doing business in