This report provides an in-depth analysis of the corporate governance of the Commonwealth Bank of Australia, focusing on its adherence to ASX principles and recommendations. It examines instances of poor governance identified by the Royal Commission, including breaches of director duties under the Corporations Act. The report discusses the importance of corporate governance principles in avoiding legal, social, economic, and political implications, and contrasts the bank's stated governance policies with its actual practices. Furthermore, it explores agency and stewardship theories of corporate governance, highlighting how the Commonwealth Bank of Australia has failed to fully comply with these theoretical frameworks due to ethical lapses and misconduct. The analysis underscores the necessity for robust governance structures and ethical conduct within corporations to maintain stakeholder trust and ensure legal compliance. Desklib provides access to this and other solved assignments for students.