As an increasing part of the food consumed worldwide is processed and distributed by companies the food industry is a powerful force in shaping food production, trade patterns and food consumption. Many transnational corporations in the food and agriculture sector have merged, triggering alarm bells about the excessive power exercised by private profit-based companies over the world’s food system. Therefore the new version of the Code now also calls on the food industries to contribute to the implementation of the FAO Code of Conduct.