Books and Record Keeping

A company's credibility is judged in many ways; one very important way is the integrity of its books, records, accounting practices and public filings. In addition to our own commitment to accurately report financial performance internally, Schering-Plough is required by securities laws to report in accordance with Generally Accepted Accounting Principles. In addition, Schering-Plough is responsible for establishing and maintaining adequate internal control over financial reporting.

In many countries, Schering-Plough is also required to file statutory financial information and pricing information with regulatory authorities and to certify to the accuracy of such filings. Our CEO, CFO and the Controller are specifically responsible for full, fair, accurate, timely and understandable disclosure in documents filed with or submitted to the U.S. Securities and Exchange Commission. Every Schering-Plough colleague must help ensure that reporting of such business and financial information, computerized, paper or otherwise, is accurate, complete and timely.

This means:

• Accurately recording costs, sales, shipments, time sheets, vouchers, invoices, payroll and benefits records, regulatory data, and other required and essential Company information.
• Following all applicable laws, regulations, accounting requirements