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Mike Davis, senior research analyst and co-author of the report, said, "Compliance levels the playing field between the CIO and the chief financial officer."
In the past, the finance head has been the custodian of compliance. But as compliance is extended with legislation such as the Data Protection Act, Freedom of Information Act and Basel 2, IT directors can justify their position on the board.
"At last there will be money for IT projects," said Davis.