This report provides an analysis of the corporate governance of Ticoz Ltd., an IT consultancy firm. It examines the role of external parties such as shareholders, customers, and government bodies in shaping corporate governance practices. The report discusses key issues like conflicts of interest, oversight issues, accountability, and transparency, all crucial for effective governance. It also includes a reflection on the author's experience in a team, highlighting the importance of communication, teamwork, and leadership in project management. The report concludes by emphasizing the significance of corporate governance in achieving organizational goals and meeting stakeholder interests, along with the benefits of effective teamwork, including enhanced efficiency and learning opportunities. The report also includes a discussion of the potential negative impacts of teamwork, such as conflicts.