The corporate board meeting is an important evaluation tool for both the candidate as well as the company. The process can last for months and involve multiple meetings, as well as board members getting to know candidates at a deep level. Candidates must be able to answer questions regarding their experience, knowledge of the industry and how they could help the board in its work.
It is important to have the appropriate tone and manner of speaking to be successful in securing the job. It is essential to be likable and personable but it is equally important to demonstrate your ability to ask difficult questions and challenge the status-quo. Boards do not want cheerleaders, but rather sharp and shrewd board members. Inflating the company’s image is a common gaffe. This is interpreted by the board as empty flattery and negatively impact your candidacy.
Be prepared to present specific examples of your achievements and achievements – especially at a strategic level. This will demonstrate that you have the leadership experience and capabilities to add value to a board.
During the interview, you must clearly explain your board’s values position. You should also explain what you can contribute to the organization, and how you will differ from other candidates.
Be upfront about any potential conflicts of interest. This is particularly crucial for VC or PE supported companies where investment representatives are required to declare their current relationship with portfolio companies. This will allow them to avoid any legal consequences if they serve on boards of investments in which their company has a stake.
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