|
It is very important that you do your own due diligence on client companies before committing to joining their board of directors.
Questions you should address include:
-
How is the company run?
-
Can I add genuine value?
-
What is expected of me?
-
Are there any potential conflicts?
-
Can I check the bona fides of the company and its officers independently?
-
Can I see the last set of audited accounts?
-
Are there any material issues that may affect my decision to accept a Non-Executive Director role?
-
Will it restrict me from taking other Non-Executive Director roles?
-
Will I enjoy it?
-
Number of board meetings, travel required etc…?
-
How am I remunerated?
-
Term of engagement?
|