Private Equity investors are demanding more from their chairmen. But how do they find the non-execs who can give them the competitive edge?

Jonathan Hick of executive search agency Directorbank highlights the key issues you need to assess when hunting for the best non-execs.

• Do they have private equity experience? Have they successfully chaired a VC/private equity-backed business - or been an executive in such a business - and seen a successful exit?
• What useful sector experience, contacts and/or other experience do they offer that will complement the executive team?
• Will they command the respect of management and the investors and be a fair arbiter between them?
• Will they have the tenacity to help drive the company forward in line with the business plan and numbers each month, not allowing slippage?
• Do they have a track record of making and carrying tough decisions where necessary?
• Do they have the capability to step into the chief executive's shoes in an emergency?
• Do they have the capacity to do this job properly?
• Can you see a buzz about this person? Are they keen to get involved in the company you're recruiting for?
• What is their motivation? Is it just financial?
• What do the referees say?