1. In order to adopt measures related to their governance and to monitor their performance, the regional coordination centres shall establish a management board.
2. The management board shall be composed of members representing all the transmission system operators that participate in the relevant regional coordination centre.
3. The management board shall be responsible for:
(a)
drafting and endorsing the statutes and rules of procedure of regional coordination centres;
(b)
deciding upon and implementing the organisational structure;
(c)
preparing and endorsing the annual budget;
(d)
developing and endorsing the cooperative processes in accordance with Article 38.
4. The competences of the management board shall exclude those that are related to the day-to-day activities of regional coordination centres and the performance of its tasks.