This report provides an in-depth analysis of corporate ethics and governance within the Australian banking and financial sector, drawing upon the findings of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. The report examines the application of utilitarianism to understand the commission's recommendations for addressing banking misconduct, including issues such as mortgage broker conduct, conflicted remuneration, and the treatment of vulnerable customers. Furthermore, it utilizes Part A and Part C of APES 110 to evaluate the ethical implications of Freedom Insurance's sales tactics. The report highlights the importance of ethical conduct, professional behavior, and transparency in the financial sector, emphasizing the need for banks and financial institutions to prioritize the public good and adhere to ethical codes of conduct to ensure fair and responsible practices.