This chapter conducts a comparative analysis between Zimbabwe and Australia's corporate governance frameworks for public entities to establish the extent to which Zimbabwe has been able to harmonise its systems with those of developed nations, and areas for improvement that need attention, if any. Like Zimbabwe, Australia's legal system is based on the English common law system developed in the UK. Within this legal system, the sources of law are statutes and delegated legislation, common law, judge-made and international law. The programme focused for the most part on principles of market freedom, investor protection, and quality disclosure of relevant information to the market. One outstanding feature of the corporate law economic reform programme is that it made obligatory some of the corporate governance requirements that were previously non-mandatory with the aim of adding legal influence to some corporate governance practices in Australia.