Board Chair: Important Contract and compensation questions to ask during the interview process

Looking for questions to ask when hiring a Board Chair? It's very important that you do your due diligence and ask the right questions in this situation. We have compiled a list of some of the most important contract and compensation-related questions you need to ask in the process when interviewing a Board Chair

Contract and compensation questions

• Do you expect an upfront payment (cash and/or equity) to join as Board Chair?
• Do you expect a warrant program as part of your compensation?
• What is most important for you; Recurring payment (salary) or milestone/bonus payment when goals are achieved?
• In case we conclude, after three months, that you are not the right fit for the role, how do you expect to be compensated?
• How long a notice period do you expect?
• What other payments and compensations do you expect?
• Do you have a special framework (or template) the contract needs to be formed around?
• What other things (perks, etc.) do you expect as Board Chair of this company?
• How long should the trial period be?
• What should happen in case of default or obligations not being delivered from the candidate's side?

If you need more inspiration for relevant questions to ask when interviewing a Board Chair you will benefit from reading the 103 questions to ask when interviewing a board chair checklist.