CIOs are still unsuccessfully banging on the boardroom door, as research shows they continue to be excluded from high-level strategic planning.
Just 8% of Fortune Global 500 CIOs sit on the board, according to "A Missing Competency: Boardroom IT Deficit", a report by PR firm Burson-Marstellar. While that is an improvement from the paltry 3% of board CIOs found on the board in 2003 study, it is still far short of expectations.
Marks & Spencer, Vodafone and HSBC are among the minority of UK companies with board-level IT representation. CIOs are 10 times more likely to get that executive seat if they work in the fast-expanding Asia-Pacific area, such as India.
“To unleash innovation and economic growth, companies need to look beyond financial, managerial and legal experience and give equal weight to technology experience on their boards,” says Jennifer Graham, chair of Burson-Marstellar’s global technology practice.
The current focus on compliance and corporate governance, is however, giving IT directors a chance to raise their boardroom profile.
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