How we govern Parmalat

We worked hard since Parmalat came back to the Stock Market to be able to comply with the general principles of good corporate governance, and in particular with the Italian Corporate Governance Code.

Parmalat has put in place a stronger and more transparent corporate governance and organizational structure. The group approach consists of a framework of principles and rules, including the Articles of Association and the Code of Conduct. The Board reviews these principles and rules regularly in the light of prevailing best practices.

Parmalat’s corporate organization is based on the so-called Italian “conventional” model, which consists of the following corporate governance bodies: Shareholders’ Meeting, Board of Directors (supported by Consulting Committees), Board of Statutory Auditors and Independent Auditors.

The corporate governance model also includes a series of powers, delegations of powers, and internal control procedures, as well as a Code of Ethics, a Code of Conduct and the Internal Dealing Code of Conduct, with which all members of the Company — Directors, Statutory Auditors and employees — are required to comply.