According to Korn Ferry unpublished data, there has been a 74% increase in the number of CIOs serving on Fortune 100 boards in the past two years.
Why CIOs Make Great Board Directors
There has been a 74% increase in the number of CIOs serving on Fortune 100 boards in the past two years. They’re highly sought after to help on several fronts including using technologies to create operational efficiencies and competitive advantage; identifying opportunities related to cloud computing, digitization, and data; addressing threats and risks associated with information security; and using their experience and judgment to oversee, question, and provide input on technology budgets. But there’s still room for growth: only 31% of Fortune 100 boards currently have CIO directors – even though technology is at the core of every business today. Boards can search out and incorporate a CIO director by updating their mindsets about the role of technology in business today; casting a wide net; and defining the role carefully.