Of the seven members, four members must meet the independence criteria provided by the Articles of Association, the Romanian State, through the Ministry of Energy, as a significant shareholder, proposing no more than director, member of the Board of Directors.6 Analysis of the socioeconomic context in which the organization operates and its changes Analysis of organization processes, intra group interactions and interactions with external environment Identify the applicable governance regulations and principles and ethical standards to be undertook Identifying the principles and rules needed to be maintained or adopted Defining/updating the ethical and compliance standards.