Investor beware
In the information economy organisations need to have information governance in place. The role should sit within the CIO's remit, given the second letter of the acronym.
The fact that the CIO does not typically sit in the senior management team suggests that many organisations are unaware of the importance of information and its value as a corporate asset.
So the absence of a CIO in the boardroom should ring alarm bells for investors looking to place their money in companies with good long term prospects.