15 questions to ask yourself before hiring a Board Chair

Are you preparing for an interview for a Board Chair? It can be a big decision, so make sure you do your due diligence. If it's a new area you've haven't dealt with before, it can be difficult to think of all the questions to ask. Don't forget to ask these 15 important questions you must ask in your due diligence process when interviewing a Board Chair

Questions to ask yourself questions

• What package are you willing to offer the right candidate?
• Will you be offering shares as an upfront payment for the candidate to be joining?
• Will you be offering Warrants for the candidate?
• Are there any goals that should be aligned with the candidate's compensation package?
• Do you have a clear understanding of what you precisely expect from the Board Chair?
• Are you seeking a passive, participating, or actively working Board Chair?
• What does the company need their Board Chair to fix?
• Do you want the Board Chair to assign committee chairs or do that yourself?
• What kind of Board Chair do you not want?
• How do you wish the board to work?
• What goals are the board and Board Chair working towards?
• What values would you like the Board Chair to have?
• How would you like to see the Board Chair create value in his or her role?
• Is the candidate trying to make the board work their full-time job?
• Are the roles and responsibilities of the Board Chair clearly defined?

If you need more inspiration for relevant questions to ask for this specific situation you should consider downloading the 103 questions to ask when interviewing a board chair checklist.