This report provides an analysis of the corporate governance practices of the Commonwealth Bank of Australia, examining its adherence to the ASX Corporate Governance Council's principles and recommendations. It highlights instances of alleged poor governance, such as charging fees to deceased clients and unfair loan practices, as revealed during the Banking Royal Commission. The report discusses the duties of directors under the Corporations Act 2001 and explores potential breaches. Furthermore, it delves into the meaning and importance of corporate governance principles, considering the legal, social, economic, and political implications of non-compliance. The report also examines corporate governance through the lens of agency theory and stakeholder theory, concluding that the bank has not fully complied with these theoretical frameworks. This document is available on Desklib, a platform offering a wide range of study resources for students.