How to prepare for a board interview

So you’ve been invited for a board interview. Congratulations! 

While nerves are a common part of the interview process, doing a bit of prep work beforehand can help you stay cool, calm and collected. 

A board interview is pretty similar to a job interview except that you are expected to look at the company from a governance point of view rather than a management viewpoint.

With that in mind, here are the 10 steps we recommend to prepare for your next board interview.

1. Prepare, prepare, prepare

Make sure you know which members of the board you will be meeting. Know their background, experience and skills. Find out who the independent board members are and what the ratio of executive to non-executive members is.

2. Gain a strategic understanding of the company

Understand the opportunities and challenges that the company is facing. Is it going through transformational changes, or a period of high-growth through acquisitions?

3. Research, research, research

Do your due diligence. Go on Sedar and read the company’s latest annual report, annual proxy circular, quarterly filings and press releases. Also check out the company’s social media and pay attention to what is trending online about the company.

4. Know your value proposition

Be prepared to explain the value-add you will bring to the board. For more on this topic, review our blog, building your board resume FAQs.

5. Understand conflicts

Make sure you have the time to commit to this board and it doesn’t conflict with your other board commitments. You should also check for any conflicts of interest with your current employer or other involvements.

6. Understand the culture of the board

Ask questions about the current board composition and culture. Is it collegial? Does the board evaluate its own performance? Does it have a diversity policy? Will you be the first woman on the board?

7. Know the committee structure

Pay attention to the committees that exist and which ones you may be asked to join.

8. Know your expected contribution

Ensure that you understand why the company identified you as a candidate.

9. Research the compensation

Review the company’s board compensation in their annual proxy circular. Is the compensation in line with what you are looking for? Are board members expected to purchase shares? How often is there a board compensation review?

10. Practice, practice, practice

by Women Get On Board

Women Get On Board Inc. (WGOB) is a social-purpose company committed to elevating the next generation of women corporate directors. Our mission is to connect, promote and empower women to serve on corporate boards with confidence and courage.

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