This report provides an analysis of corporate governance at the Commonwealth Bank of Australia (CBA), focusing on ethical practices and compliance with the Corporations Act 2001. It highlights the bank's corporate governance statements and contrasts them with the findings of the Royal Commission, which revealed unfair practices, including failures to report transactions and charging fees for no service. The report discusses breaches of director duties under the Corporations Act and violations of ASX principles. It further explores the necessity of corporate governance principles, outlining economic, social, political, and legal consequences of poor governance. Finally, it examines relevant ethical theories, such as shareholder and stakeholder theory, in the context of CBA's actions and their impact on stakeholders.