It is JP Morgan responsibility to disclose all the information to the global market and regularity authorities to present the true and transparent position of the company financial operation so by taking some steps, JP Morgan regain their confidence into the market.In order to prevent weak management incidents good strategy should be put in place in accordance with current guidelines and regulations which in its turn will promote efficient operations of the company. This is entirely lying on senior management team.Also, senior management team should implement good internal control, so company will use balanced mechanisms in trading and investing in order to avoid heavy losses and make company more efficient.Employing highly qualified and competitive personal is very important to overall functioning of the company. So, strict selection techniques should be implemented in personnel hiring process.The conflict of interest should be resolve by board on timely basis to avoid further loss. There should have been clear separation of departmental responsibilities and roles. There are some reporting lines between their profits, so both could have worked separately on operations of own department to maximize the good position of company.The corporate governance impact is very important, and their role could not be neglected in corporate world so poor corporate governance could deteriorate the financial activities and operations of company.There should have been proper daily reporting on the activities of the company. Company should follow the regulatory bodies and adopt the best corporate governance rules. Risk committee should be made to avoid the riskiest area of the company operations. A proper limit should be set on the portfolio. Also, seminars should be conducted to familiarize the staff with new techniques and models to make operations effective on daily basis.