As the company decides on its objectives and turns them into a definition of business value, the CIO takes this vision and works with the teams to implement these objectives thereby connecting the team to the goal and giving constant feedback on progress. The CIO is the enterprise architect and arbitrates the quality of the IT systems in the sense that they promote agility in the future. The systems could be filled with technical debt but, at any given moment, the sum of all the IT systems is an asset and has value in what it enables the company to do in the future. The value is not just in the architecture but also in the people and the processes. It’s an intangible asset that determines the company’s future revenues and costs and the CIO is responsible for ensuring the performance of that asset in the future.

From “The New CIO: Leading IT the Mark Schwartz Way”.