The corporate governance has a significant role on account of investor protection and promotes the investor in the market sector. The need for corporate governance to work effective and efficient for investor protection has arisen due to cheating and fraud. Therefore, this paper describes the corporate governance, concept and definition of corporate governance, principles and characters of corporate governance, and mechanism as general and particularly illustrates the Securities and Exchange Board of India (SEBI) with two scams. This paper is developed based on the theory of corporate governance such as research papers that available to the public domain.