Two experts in director interviews -- from opposite sides of the table.
From the interviewee:
Jim McHugh CEO, McHugh & Company, Inc., and director, Southworth International Group, Inc., and Kennebec Technologies Inc.In preparing for an interview for a board of director position with a private company, I would have many questions for shareholders and management.
My assumption is that either before or after the initial round of interviews, I would have access to a collection of "due diligence" materials about the company including (but not limited to) current and historical financial performance, products, customers, competition, the industry and corporate legal matters. In addition, I would want to understand the board mechanics — frequency of meetings, expected time commitment, D&O insurance and compensation.
From the interviewer:
Dale E. Jones President and CEO, Diversified SearchThere is a fallacy that serving on a private company board is somehow easier than serving on a public one.
After all, public company boards are subjected to intense scrutiny about their bottom line and answer to a disparate collection of stakeholders; activist shareholders are now common and regularly upending corporate leadership.
Private company board members face none of these issues.
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