Congratulations! You’ve been selected as one of the finalists being considered to join a Board of Directors!
But, impressing them isn’t enough. Serving on a board, whether for a for profit or not for profit organization is a serious commitment. Certainly, there is the time commitment that you’ll need to consider. I have read that to do the job right for a for-profit board, you should expect to spend approximately nine hours of preparation for every one hour of board meeting time. Based on my experience, that sounds about right. Sadly, I haven’t seen nearly that much pre-meeting preparation from most board members. In addition, you should find the organization and its mission compelling. Life is short! Don’t spend your time serving an organization you aren’t passionate about! So, do your homework and learn as much as you can about the organization and industry before you move forward with the process.
In addition, there are fiduciary and legal responsibilities for serving on boards of directors. You want to make sure that everything you think you know about the quality and ethics of the organization is accurate. Think about some of the companies and not for profit organizations that have received negative press in recent years because of fraud, deception or sexual harassment. Some of them had well-known and respected names. Imagine being on the board when their illegal and/or unethical practices came to light. While it is impossible to know everything about an organization from the outside, it is important to do your due diligence before joining a board to minimize your personal risk.
So, a month prior to a scheduled in-person interview with the Chair of the Board, I sent an email expressing my interest and excitement about possibly joining the board. I said that I’d like to have a deeper and more substantive conversation with the Board Chair when we met and it would help me prepare if I could know a bit more about their organization. I told them that I would happily sign an NDA (non-disclosure agreement) prior to the release of the information I was requesting. Since we were in the final stages of discussion about my joining their board, I asked if they could share some or all of the information listed below with me so that I would be better informed:
One week passed.
One week out from the scheduled meeting, I re-sent my email with a note to confirm our meeting and express my continued interest in joining their Board.
This is highly unusual, in my experience. Most CEO’s and board chairs want a prospective board member in the final stages of the interview process to be as well informed as possible. When I have interviewed prospective board members (and that now numbers well over 100 at this point), I always encouraged them to ask whatever they thought would help them discern whether the role of board member with our company was a good fit for their gifts, interests, and expertise. And, I encouraged them not only to ask those questions of me, as the CEO and an executive member of the Board, but to also ask their questions of the independent board member(s) with whom they interviewed. The way I expressed it was this, “We want you to be as excited about joining this Board as we are excited about having you join us! And, that can’t happen unless you feel that all of your questions have been answered.”
The bottom line....when you are being considered for a board role, feel honored! It truly is an honor to be selected to help lead an organization in this critical role. But, don’t jump in blindly. Do your homework. And, if it doesn’t feel right, politely decline and look for something else. The work is interesting but takes time if you are doing it right. And, there are fiduciary and legal responsibilities and accountabilities that come along with the opportunity.
Beth A. Lewis
© Getting2Transformation 2019
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