There's an interesting (and rather amusingly written) article by Ade McCormack today on FT.com ("A call to arms for a 21^st century CIO"). McCormack posits that more CIOs should serve on boards:

Whether the business focus is on driving out cost or squeezing more from customers' wallets, there will be very little progress unless new technologies are woven into tactics and strategy. Alternatively, the business can watch market share whittle away as young tech-savvy chief executives capitalise on technology trends and generation Y staff and customers. Having a strong CIO on board is critical.