- Any appointment to serve as a director or officer of a
public corporation must be approved by the CEO and, where
applicable, by the Board of Directors.
- Never become involved in a business transaction on behalf
of Schering-Plough with any organization in which you have
a direct or indirect interest or investment without informing
your manager of this interest.
- If close relatives are working in the same business unit
they must never have direct or indirect reporting relationships.
Corporate Opportunities.
Employees and officers have a duty to the company to advance
its legitimate interests when the opportunity to do so arises.
This means:
- Opportunities that are discovered through the use of Schering-Plough
property, information or position belong to the company.
Do not take such opportunities personally unless the company
has already been offered the opportunity and turned it down.
- Do not use Schering-Plough property, information or position
for personal gain.
- Do not become involved in activities that compete with
Schering-Plough.
Trading on Inside Information
In order to protect the investing public,
securities laws make it illegal for those with material “inside
information” to buy or sell securities (stocks, bonds,
options, etc.). “Inside information” means information
that is not available to the public. Information is “material”
if a reasonable investor |
