As the reality of corporate boards’ new accountabilities is played out, the CIO will be highly impacted. Shifts in power and accountability have a direct connection to information and to CIOs. The story of increasing board accountabilities starts with numerous high profile scandals and management failures that have eroded shareholder value by $2.7 trillion in the last five years. The SEC, the enforcer of securities industry regulations, has received significant budget increases since 2002, from $514 to $811.5 million.”]