The interview for the corporate board seat is an essential part of evaluation for both the candidate and the company. The process can last months with multiple conversations and board members getting to know candidates at a personal level. Candidates must be prepared to answer questions about their experiences, their expertise in the field and how they could be able to contribute to the work of the board.
The appropriate tone and manner of https://boardthrough.com/30-free-and-affordable-software-options-for-nonprofits/ speaking is crucial to securing the role. It is crucial to be likable and personable but it’s also important to demonstrate your ability to ask tough questions and challenge the status-quo. Boards do not want cheerleaders, but rather incisive and shrewd board members. Insisting on a positive review of the company is a common mistake. This is interpreted by the board as untrue flattery, and can negatively impact your candidacy.
Be prepared to present specific examples of your accomplishments and achievements – especially at a strategic level. This will demonstrate that have the knowledge and leadership abilities to add value to an organization’s board.
It is important to clearly articulate your board’s value position in the interview, and explain what you can provide to the company and how it will differentiate you from other applicants.
Be transparent about any possible conflicts of interest. This is particularly crucial for VC and PE owned companies, as investment representatives must be able to disclose their relationships with portfolio companies to avoid potential legal ramifications in the future in the event that they are appointed on the boards of investments the company holds an ownership stake in.