How do you find them?
• Someone you know already
• Personal recommendation
• The Financial Times Non-Executive Directors’ Club
Applications and interviews
• Treat this application process exactly as you would any other application
• Draw up a list of ‘must have’ and ‘nice to have’ skills and experience and mark
each candidate against them.
• Once you’ve drawn up your shortlist, send candidates information about the
company, the role and what skills you are looking for.
• Beware of people who haven’t followed your application criteria
• Do they want to work for YOUR business
• How much should you pay them
• Cash versus equity
• How much time should they spend in the business?
• Engagement Letters
• Help your non-executive(s) get to know the business
– Give them copies of previous board minutes
– Share with them your business plan and forward strategy
– Introduce them to your accountants and any other key professional advisers
– Brief them on key customers and arrange for them to meet if appropriate
– Give them a tour of any operational sites
– Briefings with key senior staff
– Talk to them about what external training or support they might need
• The more they know, the more help they can be, but ….
Noses in, Fingers out!
Let the world know
• Announce it to your staff
• Do a letter to key suppliers and customers
• Draw up a press release and send it to local and trade press