Board members are expected to make crucial decisions. It is crucial Board Meeting to communicate the essential business information of your organization in a lucid, engaging manner. This article will walk you through the best practices for writing a great board reports.
Begin with an executive summary. This is the basis to tie everything together for your readers who are short on time. It should give them a flavour of what’s in store, and why they should take the time to read the complete report.
Next, you should present the main points of your report. Include important metrics and other information relevant to your company, such as the ones that are compared to industry benchmarks. Highlight any achievements and milestones the company has reached and any challenges that are affecting the company’s future performance. Be sure to mention any projects in the near future that require approval of the board or financial backing.
Include any high-level risk or opportunity statements the company has identified, and the potential impact they could have. Be sure to present these with an amount of specificity that is in line with the board’s risk tolerance.
In the end, you must conclude with your key takeaways and a concise description of the next steps for the company. The purpose of the board paper is to dictate the content whether it’s to inform the board, or, more frequently, to request the decision. This will guide how you structure the whole report, including whether or not you’ll need to include a table of contents with clear headings, bullet points for your most important message, as well as a brief summary to analyse your findings.