You have been asked by your boss to submit a report outlining:

• A summary of the IIROC draft Guidance: "The Role of Compliance and Supervision | IIROC " which will be submitted to your firm's Board of Directors.
• Step you would take as the Director of the Projects and Initiatives team to address the noted deficiencies above.
• As part of your summary, you are required to provide a recommended reporting structure for the CCO to the Board of Directors.