Final answer:
The chief information officer (CIO) of an organization is a top manager responsible for IT strategy and does not typically serve on the board of directors, which operates in the shareholders' interests.
Step-by-step explanation:
The chief information officer (CIO) of an organization is typically considered to be part of the senior management team. This individual is responsible for overseeing the information technology (IT) strategy of an organization and ensuring that all systems necessary to support its operations and objectives are in place. Given this level of responsibility and influence within the company, the CIO is categorized as one of the top managers. The board of directors, on the other hand, is responsible for ensuring that the firm is run in the interests of the true owners—the shareholders. While top executives, such as the CIO, often play a significant role in selecting candidates to serve on the board of directors, they do not themselves hold positions on the board. Therefore, the CIO belongs to E. Top managers.