Troubled Italian dairy giant Parmalat has agreed a deal with the US Securities and Exchange Commission that includes an overhaul of the company’s corporate governance.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The scandal-hit company will have to implement a new corporate governance strategy in order to adhere to, and in some cases go beyond, US business rules, reported the Financial Times.


The deal was part of a settlement with the SEC over charges of defrauding US investors. Parmalat agreed to a settlement without admitting or denying any wrongdoing in the case, which relates to a massive accounting scandal that has resulted in fraud charges in Italy against several of its former executives.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now