SciGen Ltd and the Board are committed to achieving and demonstrating the highest standards of corporate governance. The company's corporate governance framework is largely consistent with the Best Practice recommendations released by the Australian Stock Exchange Corporate Governance Council when taking into account the size and scope of the company. SciGen and its controlled entities are collectively referred to as ‘the Group' in this statement. A summary of the compliance status of the Group under the broad principle headings as defined in the guidelines is shown below