One of the most important steps to take before joining any board is to carry out due diligence – gathering vital business information about the organisation with the vacant board role.
It may help if you ask some questions – both of the board and of yourself – before deciding whether to accept a board position. Make a list of the questions you want answered to inform your decision.
This list is a guide only. You may want to add more questions specific to your own circumstances.
Questions for the board to answer:
- What are the organisation’s roles, mission, and direction?
- Why do you want me on the board?
- What skills or experience are needed for the role?
- Who else is on the board and what are their backgrounds?
- What is the reputation and track record of the organisation’s Chief Executive?
- What phase is the board in?
- What will my responsibilities be?
- Do you have a job description for the board members?
- How much time is required of a board member?
- What information or support will be available to assist me as a board member?
- May I review some recent meeting minutes?
- How financially viable is the organisation?
- Has there been any litigation or complaints involving the organisation and the board?
- Do the board have goals? Are those goals achievable?
Questions for yourself:
- What do I want out of this experience?
- Can I add value to this board?
- Do I consider this to be a supportive organisation?
- Can I hold this position with integrity and without unmanageable conflicts of interest?
- Can I commit the time and energy the position deserves?