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Board Level Influence
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A report created for McAfee released March 18 expressed alarm that only 46% of CIO's get to have any interaction with their corporations boards of directors. Even more disconcerting was a statistic that in 20% of corporations, the CFO handles the board briefings when it comes to IT matters.
During this decade, IT executives have worked hard and smart with their resources and technology and have often become a revenue creation group in addition to the traditional role of corporate cost saver.
Is the trend that now is being statistically reported over these past 2-3 years where IT leadership is once again being buried in the "support" group of departments happening? If so, what are the strategies that can turn the tide? If not what are your experiences?
Comments (3)
1. 04-02-2008 21:10
Wow, I would have assumed a lower number than 46%. I think this all stems from the longstanding role of the CIO being firmly entrenched in Operations. This keeps the focus and perception of the CIO (and entire IT department) being a cost and support center instead of having a revenue generating and strategic role. I think as IT moves out of a dedicated department and into the line business units, all areas of influence will rise to new levels along with the overall perception of IT.
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2. 04-08-2008 13:15
IT needs to reach out and build the relationships, establish a strategic plan, engage the business with it and the ongoing managment of it through new governance structures outside the formal corporate hierarchy. Our organization has just wrapped up our Strategic IT plan for the next 5 years, we are implementing Project Portfolio Managment and new Governance structures. The connections are built, the commitments are in place, now is the time to act/implement, build trust and measure outcomes. The next few years will be interesting.
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3. 04-11-2008 19:56
Thanks Mike for letting us in on your progress and status,, good luck with the next phases..
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