The interview for the corporate board seat is a critical point of evaluation for both the candidate and the company. The process can last for months and may involve a number of conversations. Board members will get to know the candidates at a deeper level. Candidates must be prepared to answer questions about their experience, knowledge of the industry and how they would be able to contribute to the work of the board.
It is important to have the appropriate tone and manner of speaking for securing the job. It is crucial to be personable and likable, but it is also crucial to show your ability to ask difficult questions and challenge the status-quo. Boards do not need cheerleaders but rather sharp serious board members. One of the most common gaffes is over-enthusing about the company. This could be seen as a form of flattery and can negatively impact your candidacy.
Be prepared to share specific examples of your achievements and successes, especially at an executive level. This will demonstrate that have the leadership experience and capabilities to add value to a board.
Be clear about your board’s values position during the interview, explaining what you have to offer the organization and how it will differentiate you from other candidates.
Be transparent about any potential conflicts of interest. This is especially crucial for VC or PE funded companies, where investment representatives are required to disclose their current relationship with portfolio companies. This will help avoid any legal implications should they sit on boards of investments in which their company has an interest.
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