After successfully leading executive management position, the CIOs see the corporate board service as their next career move. However, achieving the same is difficult when the boards pick CEO experience over technology.
In this article at CIO, Martha Heller talks to the Debra McCormack, MD of the Center for Board Effectiveness at Deloitte, to bring forth her expert advice to join a corporate board.
The Art of Joining the Board
With the advent of fast growing cyber risks, digitization, and technology advance, evidently, enough doors of opportunities are open for the CIOs. The tides seem to be turning towards them as the CIOs can turn into valuable translators between the boards.
McCormack suggests that in the past few years, the rate of CIOs on the corporate board has seen a constant increase. In the year 2018, out of 428 new directors appointed to 500 boards of the Fortune, about 81 were technology executives.
CIOs: Leverage on Expertise
Less than 20 percent of corporate board placements originate from a search firm, mostly communicated via the board’s own network. The interested CIOs need to expand their network and broadcast their interest in serving as a board member. Here are some smart ways to convey the message to the existing board members:
- The sitting CIOs must gain approval of their CEOs and support of the existing board members. This will help the CEOs and the board members to refer CIO candidate referrals.
- Make your area of interest of joining the board known to your own network too. The more people know about your interest, the better your chances are to get the nomination.
- Moreover, let the people in your non-professional networks also know that you are interested in future board service. Remember that opportunity may knock from any door.
Click on the following link to read the comprehensive interview of McCormack: https://www.cio.com/article/3334780/careers-staffing/how-cios-can-become-corporate-board-directors.html?utm_source=Adestra&utm_medium=email&utm_content=Title%3A%20How%20CIOs%20can%20become%20corporate%20board%20directors&utm_campaign=CIO%20Daily&utm_term=Editorial%20-%20CIO%20Daily&utm_date=20190124062441