I have been in that position delivering that update. The kind of work you have to do as VP/Director does not translate well into the task oriented stand up updates that developers give. Often times I would be working across multiple projects/initiatives - some I am responsible stakeholder, some I am an informed stakeholder, some are with external teams or companies - and most of these projects are over long periods of time - as in it is not 2 point or 4 point story item that can be updated in 60 seconds over stand up.