A series of non‐precious metal complexes, composed of five first‐row transition‐metal complexes with β‐pyrrole‐brominated 5,10,15‐tris(pentafluorophenyl)corroles [M(tpfcBr8), M=Mn, Fe, Co, Ni, and Cu], was investigated as catalysts for oxygen reduction in an alkaline solution (0.1 m KOH). The corroles were adsorbed on a high surface area carbon powder (BP2000) prior to electrochemical measurements to create a unique composite material. The comparison between the different metal complexes revealed a high oxygen reduction reaction (ORR) catalytic performance in the case of the Fe‐ and Co‐corroles. These complexes reduce oxygen at very low overpotentials (with E1/2=0.79 V and 0.77 V vs. RHE, respectively), which is better than other well‐defined molecular catalysts and comparable to that of Pt on carbon (XC‐72). The mechanism by which the most active complexes catalyze the ORR in alkaline solutions was also studied, disclosing that the dominant reaction path is a four‐electron reduction of molecular oxygen to hydroxide.