CIO. The term “CIO” the acronym for “
CIO. County's Chief Information Officer, or such person's designee.
CIO. (a) The Recipient shall cause the establishment and maintenance of CIO in a form and with functions satisfactory to the Bank.
CIO. The CIO shall act as the primary liaison between the County and the Contractor’s Account Executive and shall have overall responsibility for day-to-day oversight of Contractor’s performance under this Agreement and coordination of the County’s retained authorities. Notwithstanding the foregoing, the CIO may, in his or her sole discretion, delegate any right or authority hereunder to other employees of the County.
CIO. Over the past years, the role of the Chief Information Officer has evolved to a more strategic approach by encouraging businesses to make changes to the strategy by implementing new technologies. Their role has changed from a “behind-the-scenes technician” to an “innovator attempting to climb the corporate ladder”. According to Xxxx and Xxxxxx (2009), there has been a split in the CIO role. The first one is an executive-level manager, also called the “Chief Innovations Officer”. His responsibility is to collaborate with other executives internal and external to the company with the intention to change the firm’s strategy. They need a diverse set of skills in order to influence the company. The second CIO role is called the “Chief Technology Officer”, whose job is to maintain and control the firm’s current IT infrastructure and to establish cost-cutting initiatives. This job requires technical skill-sets. The CIO is also responsible for bridging the boardroom’s technology gap. Several steps the CIO can take to solve this problem are (Xxxx, Xxxxxx, & Xxxxx, 2017): - Get broad business experience - Understand politics at the board level - Emphasize on shareholder value - Build a knowledge network - Develop yourself as a business executive instead of only a functional manager
CIO. Chief Information Officer is the function of the manager responsible for information technology and computer systems that support business goals. Five of the directors declared that there is a CIO appointed in their company. It is striking that these five companies are also the largest in the sample. Company J, for example, has chosen his CIO based on his experience and past in the company. Confidentiality, discretion and recognition are important values when naming that function. He leads an IT department of six people and that team is supposed to propose new alternatives. Of the companies that have a CIO, 3 out of 5 are not members of the company's board of directors. The director of company A points out that “in order to achieve good corporate governance, operational functions should never be appointed to the board. The board of directors develops the strategy and vision and the executives implement it. You cannot appoint them to the board to see if they have done it well. Unfortunately, that is what happens in companies, but it is not good corporate governance.” (Director of company A, personal communication, May 6, 2018) The CIO of company A is often sent to conferences to learn more about the development of IT. The CIO of company B is also not a member of the board of directors. Only the CEO and the CFO are executives who are also appointed to the board. The CSO (Chief Strategy Officer), CIO and CTO (Chief Technology Officer), for example, are not part of the board of directors. According to the director, a CIO should only be a member of the board in companies where IT is part of the core business. The CIO of company C has recently been replaced. The company noticed that they lagged behind in terms of IT development compared to other financial institutions. For example, three years ago, there was a huge debate in the board about going from a Waterfall-development to a development implemented by the Edgile-method. The company went to consultant agencies for advice on this topic. This transformation went very rough and then the company determined that there had to be a new CIO. The current CIO was also 62 years old. They had to look for someone with a better view on the evolution of IT and with a background in Edgile- development. The remaining two companies, on the other hand, have decided to assign the CIO to the board of directors. In company F, the CIO is a member of the executive committee and all members of the executive committee are obliged to ...
