When interviewing a Board Chair

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Questions to ask when interviewing a Board Chair

103 due diligence questions.

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Top 10 questions

  1. Why do you want to be the Board Chair of this company?
  2. How much time can you dedicate to the role?
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General questions

  1. How do you think you can add value once joined?
  2. What culture would you like to instil in the board?
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Skill set and qualifications

  1. What formal training and education do you have to fulfil your role as Chair?
  2. How many positions as Board Chair have you held?

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Scenarios

  1. What would you do if the CEO quit tomorrow?
  2. What would you do if an audit discovered fraud and embezzlement amongst individuals in the upper management?
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Recommendations from the candidate

  1. What frequency of board meetings do you recommend?
  2. What size should the optimal board be?
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Contract and compensation

  1. Do you expect a warrant program as part of your compensation?

  2. What is most important for you; Recurring payment (salary) or milestone/bonus payment when goals are achieved?
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Questions to ask yourself

  1. Are you seeking a passive, participating, or actively working Board Chair?
  2. What package are you willing to offer the right candidate?
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Other questions

  1. Why do you want a career as a Board Chair (if that is the case)?
  2. Describe a challenging project, and how you overcame it.

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Evaluation

  1. Will the candidate be able to help the company with what needs fixing?
  2. Does the candidate seem genuinely interested in helping the company achieve its goals?
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