To quote the website:
The C|CISO certification recognizes an individual’s accumulated skills in developing and executing an information security management in alignment with organizational goals.
Achieving a C|CISO Certification will differentiate you from others in the competitive ranks of senior IS Professionals. C|CISO will provide your employers with the assurance that as a C|CISO certified executive leader, you possess the proven knowledge and experience to plan and oversee IS for the entire corporation.
Now through September 2012, they are offering a 'grandfathering' program where no exam is required - just the application process for those that meet the experience requirements.
For more information, check the website below.
If you're interested in applying, that process and information can be found here: https://www.eccouncil.org/ciso/?page_id=41