Board members are expected to take important decisions. It’s crucial to convey your company’s key business information in a compelling, clear manner. This article will walk you through the best practices for writing a great board reports.
Begin with an executive synopsis. This is the sauce that binds everything together in one bite for your busy audience. It should provide your audience with a taste of what they can expect and why they should read the full report.
Then, present the meat of your report. Include important metrics and data that are meaningful to the company, including those that compare to industry benchmarks. Highlight any milestones and accomplishments the company has achieved, as well as any issues that could affect future performance. Don’t forget to discuss any projects coming up that require approval from the board or financial backing.
Include any high-level statements of risk or opportunity that the company has identified and the impact they have on the company. You should present them with a level detail that is compatible with the board’s tolerance to risk.
You should conclude with your key takeaways and a clear explanation regarding the next steps that the business must take. The purpose of the board report will determine its content. It could be to inform the board, or more https://boardroomlife.com/four-critical-factors-that-impact-nonprofit-success/ commonly, to ask for the board to make a decision. This will determine the way you structure the report, for instance, whether you require a table of contents along with clear headings and bullet points to convey your main messages.