IT as a Permanent Fixture in the Boardroom: An ERM&G Perspective, Part II

by Robert N. Charette

In Part I of this Executive Update series, I discussed the value, from an enterprise risk management and governance (ERM&G) perspective, of having a CIO or someone with equivalent experience serving on a company's board of directors [4]. CIOs and those with similar IT experience can ask relevant, detailed, and insightful questions related to proposed as well as ongoing IT opportunities and risks that others on the board may not think to ask. The CIO is also better positioned to get initiatives funded and to gain critical senior management support, which IT projects often lack. Further, IT experience on the board appears to have a measurable financial value to a company. A 2004 analysis by the public relations company Burson-Marsteller indicates that having IT-experienced board members translates into a 6.4% increase in a company's average annual returns [3].

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IT as a Permanent Fixture in the Boardroom: An ERM&G Perspective, Part II December 2004