How to Write a Well-Crafted Board Report

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

To maximize your board member’s time, focus on sharing only the information that is required to move the needle forward. This will reduce information overload and the need for long explanations.

Begin with a summary, or look at these guys justmatlab.com/purpose-built-data-room-platforms-for-ma-deals/ abstract that summarizes the main elements of the report. This lets board members quickly review the report and understand its important points. Keep this in mind when you’re preparing your company’s key performance indicators (KPIs). Share specific data in the context of the goals and objectives set for the year before and then highlight how they have been achieved or are in progress.

Include a section about industry trends and challenges. This is a great opportunity to give context to the financial data you provide and help your board members understand, for instance the reasons why your market share changed or increased. Also, if your company is facing any major regulatory hurdles make sure to mention this information in the report to allow your board members to evaluate potential legal risks and implications.

Then, discuss your next step plan with the board. It does not matter if the plan is an entirely new plan that requires their approval or a reevaluation of an existing project.