When Sen. Paul S. Sarbanes (D-Md.) and Rep. Michael Oxley (R-Ohio) crafted legislation in 2002 aimed at strengthening corporate governance and restoring investor confidence, little could they have known that the new law would help trigger a recasting of the CIO's role and the responsibilities of corporate IT departments across the U.S.
And it isn't just the Sarbanes-Oxley Act of 2002 that's contributing to the shift in the CIO's role. There are roughly 150 corporate governance regulations that companies have to adhere to worldwide, according to George Westerman, a research scientist in the Center for Information Systems Research at the MIT Sloan School of Management.
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