Corporate governance includes the relationships among the many stakeholders. The principal stakeholders in the corporate governance are the shareholders, the board of directors, employees, customers, creditors and suppliers. Corporate Governance refers to the mechanism which ensures that while a firm is achieving its goal of shareholders wealth maximization, this achievement should not be at the cost of other stakeholders. This Paper is descriptive in nature. In this paper we discussed various models of corporate governance. Also, we analyzed various factors influencing the quality of corporate governance. We tried to highlights the various models of the corporate governance which adopts by various countries. This study assists the organizations to enhance their performance as they get aware of various models of corporate governance of the organizations. They also get aware of the various factors which affects the corporate governance.