This report provides a comprehensive analysis of corporate governance, focusing on the Commonwealth Bank. It begins with an overview of the bank's background and then delves into the meaning and concept of good corporate governance, highlighting the importance of transparency and stakeholder management. The report examines the ASX's corporate governance principles and recommendations for the bank, including board responsibilities, ethical decision-making, financial reporting integrity, and shareholder rights. The Royal Commission into Misconduct is discussed in the context of the bank's corporate governance. The report also explores key corporate governance theories, such as shareholder and stakeholder theories, and their implications. Finally, it assesses the consequences of poor corporate governance, emphasizing its impact on market confidence and economic stability. The report concludes by summarizing the key findings and implications of the analysis.