How to Write a Well-Crafted Board Report

A well-crafted report for the board is powerful tool that boosts collaboration, fosters transparency and accountability, and facilitates strategic alignment. Many organizations struggle to write board reports that are timely and precise. The impact of poor presentation or insufficient information can be detrimental to the process of making decisions and the growth of the company.

To maximize your board member’s time, you should focus on sharing only the information required to move the needle forward. This will help avoid information overload and the need for lengthy explanations.

Start with a summary or abstract that summarizes the key elements of the report. This allows board members to quickly read and comprehend the report’s most important points. This should be followed by your company’s key performance indicators (KPIs). Share specific data within the context of goals and targets that were set in the last year. Also, show the progress made.

Include a section about issues and trends in the industry. This is a great way to provide context for the financial information that you are sharing with board members and help them understand why your market share increased or decreased, as an example. Also, if you’re confronting any significant regulatory hurdles be sure to mention the information in your report to help your board members to consider the potential legal implications and risks.

Next, you should share your next-step plan with the board. It’s up to them if this is a brand new project that requires their approval, or a re-evaluation of helpful hints justmatlab.com/boardable-board-portal-review/ an existing plan.