The management and Board of Directors of Bristol-Myers Squibb Company believe that operating the company in a reliable, efficient, transparent and ethical manner enhances our ability to foster sustainable growth and create value for our stockholders.

The Bristol-Myers Squibb Pledge -- the company's statement of values and principles that guides all our activities -- commits us to "the highest standard of moral and ethical behavior" and affirms our conviction that "the priceless ingredient of every product is the honor and integrity of its maker." The values and principles espoused in our Pledge, and applied in our Standards of Business Conduct and Ethics, guide every action we take and every decision we make in the course of our business practices.