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How to prepare for the Non Executive Director Interview

I share practical tips to help you increase your chances of landing and being successful in an interview for a NED or Non Executive Director position. This is also available as a webinar with Q&A on BrightTalk
https://www.brighttalk.com/webcast/14157/369031?utm_campaign=knowledge-feed&utm_source=brighttalk-portal&utm_medium=web

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How to prepare for the Non Executive Director Interview

  1. 1. HOW TO PREPARE FOR THE NON-EXECUTIVE INTERVIEW
  2. 2. WHAT WE’LL COVER TODAY • Your mind-set • What is the interviewer looking for? • Why conduct research into the company and how to do it • Making first contact • How to write a covering letter that will make you stand out from the crowd • Tips for preparing the questions you will ask at interview • Questions you can expect to be asked in interview • Extra resources SUCCEEDING AT INTERVIEW
  3. 3. RICHARD DAVIES SUCCEEDING AT INTERVIEW • Executive Coach with In Touch • 25 year corporate career with Kellogg’s and Shell • Was Head of Learning & Development at Shell • Built own portfolio career since end of 2016 • Been involved with hundreds of interviews
  4. 4. SUCCEEDING AT INTERVIEW THE INTERVIEW
  5. 5. SUCCEEDING AT INTERVIEW THE INTERVIEW
  6. 6. SUCCEEDING AT INTERVIEW WHAT ARE THEY LOOKING FOR?
  7. 7. THE PURPOSE OF NON-EXECUTIVE DIRECTOR The non-executive director (NED) is, essentially, a creature of corporate governance • NEDs essentially perform a supervisory and advisory function • NEDs support the board in instilling the appropriate culture and values • NEDs are there to bring balance and hold the executives to account SUCCEEDING AT INTERVIEW
  8. 8. EXCEPTIONAL NED – KORNFERRY INSTITUTE REPORT • Objective and independent thought processes • Ability to challenge in a supportive way • Effective communication and influencing style • Established experience of current or future business of the company • Diverse but in-depth business experience, able to learn and understand company business quickly • Financial literacy, able to understand business models • Risk understanding • Technology as business models become inextricably intertwined with technology and digital strategies SUCCEEDING AT INTERVIEW
  9. 9. WINNING MIND-SET SUCCEEDING AT INTERVIEW
  10. 10. MIND-SET : EQUAL BUSINESS STATURE “It’s just as much a case of you checking to see if this organisation is right for YOU - as it is for them to try to discover if you are right for THEM” SUCCEEDING AT INTERVIEW
  11. 11. MIND-SET : EQUAL BUSINESS STATURE SUCCEEDING AT INTERVIEW The interview is your opportunity to demonstrate what it will be like to have you on their board e.g. • Evidence of having done your homework • Share strategic insights • The right behaviours – challenge with diplomacy
  12. 12. STEP 1 – RESEARCH • Research the hiring company or organisation • Initial due diligence. Is this a company or organisation that you’d like to join? • Research informs your high quality questions for interview SUCCEEDING AT INTERVIEW
  13. 13. RESEARCH SUCCEEDING AT INTERVIEW Public Image • Research the company’s reputation online via rating agencies and search out any articles or news stories the company has appeared in. Similarly, you can learn a lot from the company’s own website, especially in terms of commercial and regulatory statements and the public image it portrays. • Download and read the annual report
  14. 14. RESEARCH SUCCEEDING AT INTERVIEW What do customers say about the company? • Trustpilot company check is the largest source of data on UK companies and attracts over a million visitors each month carrying out due diligence https://uk.trustpilot.com/review/companych eck.co.uk
  15. 15. RESEARCH – COMPANIES HOUSE https://www.gov.uk/get-information-about-a-company SUCCEEDING AT INTERVIEW
  16. 16. RESEARCH SUCCEEDING AT INTERVIEW What do employees say about the company? • GlassDoor has a database of 8+million company reviews, leadership/management ratings, salary reports, job interview tips, employee benefits reports, and workplace insights generated by employees. • Whilst this is a useful source – there is likely to be some biased reviews from disgruntled employees. Take the research insights from this as just one of many inputs. https://www.glassdoor.co.uk/Reviews
  17. 17. STEP 2 – CONTACT THE COMPANY SUCCEEDING AT INTERVIEW First Contact • If details have not been provided in the job posting, call In Touch, or the recruitment agency that has posted the role. Ask for help. • Explain that you’d appreciate the chance to talk to one of the interview panel • When you do manage to fix up a call. Be professional, ask questions e.g • Why are they looking to recruit a NED now? • What are the key challenges ahead for the organisation? • What skills, experience and attributes are they really looking for in a NED?
  18. 18. STEP 2 – CONTACT THE CHAIR OR A CURRENT NED SUCCEEDING AT INTERVIEW Ask • Ask the interview panel member if you can chat to one of the existing NEDs • Look at the company website, are there links that will help you get in contact with the NEDS? • Search LinkedIn and send a request to connect • Personalise the invitation and explain that you will be applying for a NED role and would appreciate a chat
  19. 19. WHY HAVE THESE CONVERSATIONS? SUCCEEDING AT INTERVIEW Stand out from the crowd • Gain valuable information you can add to your application covering letter • Be memorable - if you have spoken to a panel member this increases the likelihood of being called for interview • When it comes to interview, demonstrate your diligence and refer to insights from your conversations
  20. 20. SUCCEEDING AT INTERVIEW STEP 3 - WRITE A WINNING COVERING LETTER Recruiters spend between 6-40 seconds scanning a cover letter • It is important to stand out • Name the people with whom you have already spoken: ‘ It was fascinating to learn more about your organisation and its plans when I was speaking to . . . <insert name of person / people you have spoken to>’ • Find out more tips for your cover letter by listening to the In Touch webinar on this topic. How to Craft a Winning Cover Letter by Brendan Gurrie, March 21st 2019. Available on BrightTALK
  21. 21. SUCCEEDING AT INTERVIEW STEP 4 - PREPARE YOUR QUESTIONS From research, prepare questions that demonstrate your commercial acumen, using the Three Dimension model of Value from Axiometrics • System questions (Thinking and the Why) – about Vision and Purpose, Their Point B, challenges and growth opportunities, longer term strategy, market disruption, compliance, new legislation or relevant trends in technology • Task questions (Doing and the How) - about current financial performance, cash, liabilities, immediate priorities and the competition, sales & marketing, operations. How they are going from Point A, their current position, to Point B • People questions – (Feeling) about employee engagement levels, customer satisfaction, supplier relationships, key partnerships, and the team dynamics on the board and engagement with all relevant stakeholders • http://www.axiometricspartners.com/
  22. 22. SUCCEEDING AT INTERVIEW STEP 5 - QUESTIONS YOU COULD BE ASKED No guarantee you’ll be asked but it’s better to be prepared • What is it that attracted you to this non-executive position? • What is your previous experience and how do you believe it could be valuable to this board? • How would you describe your style and how would you tailor your approach as a non-executive director? • What mistakes have you made in previous roles and what did you learn from them? • What do you believe our clients and stakeholders expect from us and how can we deliver on this as a board?
  23. 23. SUCCEEDING AT INTERVIEW QUESTIONS YOU COULD BE ASKED No guarantee you’ll be asked but it’s better to be prepared • Can you outline 3 key challenges that may affect businesses in our sector over the next 10 years? • Do you have any previous examples of where you have helped a business achieve their financial goals and unlock new commercial opportunities? • What do you believe your role will involve as a Non-Executive on this board?
  24. 24. SUCCEEDING AT INTERVIEW • Members can go to the portal, look under ‘Learning Hub’ and you’ll find four-module CPD accredited courses ADDITIONAL RESOURCES
  25. 25. SUCCEEDING AT INTERVIEW • Members can go to the portal, look under ‘My Downloads’ and you’ll find a checklist and useful worksheet ADDITIONAL RESOURCES
  26. 26. SUCCEEDING AT INTERVIEW

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