Article 1 
An expert group on corporate governance in the Community, called the ‘European Corporate Governance Forum’ (hereinafter referred to as the Forum) is hereby established.
Article 2 
The role of the Forum shall be, in the light of developing corporate governance practices in the Member States, to enhance the convergence of national codes of corporate governance and to provide strategic advice to the Commission, either at the Commission’s request or on its own initiative, on policy issues in the field of corporate governance.
Article 3 
The Forum shall comprise 15 members at most whose experience and competence regarding corporate governance are widely recognised at Community level. The members of the Forum shall be appointed by the Commission. The list of members is reproduced in annex. The Commission shall be present at meetings of the Forum and shall designate a high-level representative to participate in its debates. The Forum shall be chaired by a representative of the Commission.
Article 4 
The term of office of members of the Forum shall be three years. It shall be renewable. After the expiry of the three-year period, members of the Forum shall remain in office until they are replaced or their appointments are renewed. In the event of resignation or death of a member of the Forum during the period of appointment the Commission shall appoint a new member of the Forum in accordance with Article 3.
Article 5 
The list of members shall be published by the Commission in the Official Journal of the European Union for information purposes.
Article 6 
The Forum may invite experts and observers to attend its meetings. The Forum may set up working groups.
Article 7 
The Forum shall present an annual report to the Commission.
Article 8 
The Forum shall adopt its own rules of procedure. The Secretariat of the Forum shall be provided by the Commission.
Article 9 
Travel and subsistence expenses incurred by members, observers and experts, in connection with the activities of the Forum, shall be reimbursed by the Commission in accordance with the provisions in force within the Commission. Their functions shall not be remunerated.
Article 10 
The Forum shall take up its duties on 18 October 2004.