In the global financial crisis of 2008 the spotlight was on corporate governance, that is, how companies are regulated by governments and how they are managed internally. At that time Australias regulatory system and the way Australian financial institutions managed their businesses were considered to be one of the reasons Australia was in a relatively good position to withstand the crisis. Yet in 2018 the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (the Royal Commission) is conducting hearings and considering the conduct of some of these same Australian financial institutions (banks and other financial service providers), including their compliance with both Australian law and community standards, together with the sufficiency of the current Australian legal and regulatory structure. Required: A. Choose a company that is currently listed on the Australian Stock Exchange and whose conduct is being considered by the Royal Commission mentioned above. Discuss whether your chosen company adheres to the principles of good corporate governance. Give reasons for your answer, including examples of good or poor corporate governance exhibited by your chosen company. B Discuss the possible legal, social, economic and political consequences that may follow where those making decisions on behalf of the company you have chosen above fail to observe good corporate governance principles. In your response you must identify and discuss two theories that drive views on corporate governance