Chief Information Officer (CIO) - Explained
What is a CIO?
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
-
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
- Courses
What is a Chief Information Officer?
A chief information officer is the topmost executive job title assigned to a person in charge of information technology in an organization. The CIO works specifically with the department of information technology (IT) to lead the organizations objectives and goals. In other words, the CIO supports the mission and goals of the organization by using the computer system and technology. However, the CIO also requires that he or she has good knowledge and skills in business.
What Does a CIO Do?
It is the CIOs duty to formulate strategies in the IT department. The strategies will help bring efficiency in the overall business operations. The CIOs also takes charge of the resources in the IT department and develop technology-related plans. It is important for CIOs to be aware of the technology trends and how they are advancing. This is because most businesses are operating in industries where technology keeps on changing. So, the organization needs to match the changes so that it can remain competitive in the market. Those CIOs who work for big organizations, usually focus on specific areas such as information system or electronic data processing. However, when it comes to smaller organizations, the CIOs roles change. Here, he or she is directly involved in overseeing the IT department, as well as handling its everyday activities.
Chief Information Officer Roles and Responsibilities
There are various roles and responsibilities that are associated with being a chief information officer. However, it is important to note that there are no specific responsibilities as far are this position is concerned. This is because roles and responsibilities for this position differ from one organization to the other. The size of the organization is also a factor used to define the responsibilities of this position. The following are typical responsibilities attached to the CIO job title: To build and maintain a team which is motivated and efficient in what they do. To lead the information security information personnel and ensure that they are trained, and have acquired appropriate and competent skills. To address all applicable requirements by developing and maintaining security policies, procedures as well as control techniques. The CIO together with risk executive officer and chief security information officer should work to ensure that:
- There is effective security implementation, to enhance security in all of the company's information systems and the systems operation environment.
- There is an integration of security information into all aspects of the business operations. Security information can be integrated into planning, budgeting, programming, system development life cycle, and acquisition.
- There is coverage of the information system approved by the security plans and its operation is permitted.
- The required activities related to security in the organization are effectively accomplished in time, and that the activities cost-effective.
Qualification of the Chief Information Officer
Most organizations lookout for a CIO with computer-related bachelors degree such as computer science, IT management, computer information systems or database administration. However, a masters degree in business administration plus a degree related to the computer is also important. Having this equips the CIO with the right knowledge to handle the development, hiring, budgeting, and business strategies.
Key Competencies Required for CIO
For the CIOs do well in their job, they need to apply both hard and soft skills. Some of these skills include the following:
- The CIO needs to understand the requirements of the broader business. This enables them to prioritize the use of technology. This is because part of their duty is to ensure that the company is ahead of its rivals as far as new business trends are concerned.
- Also, it is important for the CIO builds go relationship with the respective managerial departments including colleagues. This will ensure that there is effective coordination of activities related to information system within an organization.
- In addition, he or she needs to know how each and every department operates. This will enable the CIO to easily determine each of their technical needs. The ability to communicate well and to easily translate technical terms better than how none-IT personnel is paramount.
Related Topics
- Corporate Governance Law (Intro)
- What is Business Governance?
- Berle-Means Thesis
- Corporate Governance Rating Definition
- Who are the members of a corporation?
- Corporate Charter
- Shareholder Register
- Common Stock
- Preferred Stock
- Par Value
- Authorized Shares
- Issued Shares of Stock
- Unissued Shares of Stock
- Outstanding Shares
- Institutional Shares
- Dual Class Shares
- What is a closely-held corporation?
- Close Corporation Plan Definition
- What is a Private Company vs a Public Company?
- What is the role and purpose of the corporation?
- What is the Agency theory of corporate governance?
- Shareholder-Centric Perspective
- Shareholder Value
-
What is the Stakeholder theory of corporate governance?
-
What is the role & rights of Shareholders in the corporation?
- Shareholder Democracy Definition
- Quorum Definition
- Information Circular
- Straight and Cumulative Voting
-
Statutory (Straight)
- Cumulative Voting
- Plurality Voting
- Class Voting Shareholders
- Changing the Voting Rules
- Supermajority (Voting)
- Shareholder Sponsored Proposal
- What are the variations on attributes of Ownership structure?
- Stock Split
- What are the fiduciary duties owed by shareholders?
- When is a shareholder personally liable for corporate obligations?
- Appraisal Rights
- Dissenter's Rights
- Say on Pay Rights
- How can shareholder enforce their rights (direct and derivative actions)?
- Amotion
- What is the process for bringing a Derivative action?
- What are corporate vote Proxies?
- Proxy Statement
- Proxy Fight or Contest Definition & Explanation
- What is Shareholder Activism and the significance of Institutional Investors?
- Activist Investor
- Overview of Board of Directors
- Board Decision Making
- Advisory Board (Observer Directors)
- What is the role of the Board of Directors?
- Board of Trustees
- Board of Governors
- What is the composition of the board of directors?
- Chairman of the Board
- CEO as Chairman of the Board
-
Inside Director
- Outside Director
- Outside Director or Non-Executive Director Definition
- Independent Outside Director
- Budget Committee
- Audit Committee
- Compensation Committee
- Nomination Committee (Corporate Board)
- What standards govern the actions of the board of directors?
- Duty of Candor Definition
- Duty of Care (Board of Directors)
- Duty of Loyalty (Directors)
- Self-Dealing
- Board Evaluation Definition
- What is the Business Judgment Rule?
- What is D&O insurance?
- Codetermination (Foreign)
- What is the role of Managers of the corporation?
- What standards govern manager actions?
- Chief Executive Officer (CEO)
- Chief Financial Officer
- Chief Information Officer (CIO)
- Chief Investment Officer (CIO)
- Chief Legal Officer
- Chief Operating Officer
- Chief Risk Officer
- Chief Security Officer
- Chief Technology Officer (CTO)
- What are the primary state and federal corporate governance laws?
- What is the role of the state in corporate governance?
- What is the role of Securities Laws in corporate governance?
- What is the role of the Foreign Corrupt Practices Act in corporate governance?
- What is the Sarbanes-Oxley Act (SOX) effect on corporate governance?
- Sarbanes-Oxley Act (SOX)
- What is the Dodd-Frank Wall Street Reform and Consumer Protection Act effect on corporate governance?
- Corporate Monitors
- What industry organization standards affect corporate governance?
- How do proxy advisory firms affect corporate governance?
- What is the role of ethics in corporate governance?
- What are the major causes of corporate governance issues?
- What are the access to information issues?
- What are decision-making structure issues?
- What are the power struggle or competition issues?
- Holding Company
- What are hostile takeovers and defenses to hostile takeovers?
- Williams Act
- Staggered Board
- Shark Repellent Defenses?
- Poison Pill Defenses?
- Flip Over Poison Pill Definition
-
Flip In Poison Pill Definition
- Voting Poison Pill Plan
- Delay-Tactic Defenses?
- Legal Lockup Defenses?
- White Knight and Pac Man Defenses?
- Jonestown Defense
- Lady Macbeth Strategy
- Macaroni Defense
- Yellow Knight
- Back-end Plan Definition
- Backflip Takeover Definition
- Dead Hand Provision Definition
- Kamikaze Defense
- Operating Company Property Company Model
- Whitemail
- Scorched Earth Policy Definition
- Revlon Rule
- What are benefit-alignment issues?
- Cadbury Rules Definition