Board members have a lot of work on their plates, and they’re expected to make key decisions. It is crucial to communicate the key business information of your business in a clear, engaging way. This article will guide you through the best ways to write a great board reports.
Begin with an executive overview. This is the base that binds everything in one simple spoonful for your busy audience. It should give them a flavour of what’s coming, and the reason why they should take the time to read the full report.
Then, you must present the meat https://boardroomlife.com/how-to-write-a-board-report-that-delights-your-board/ of your report. Include important metrics and other information relevant to your business, such as those that are in line with industry benchmarks. Highlight any milestones and achievements that the company has reached, as well as any challenges that are affecting the future performance. Don’t forget to mention any upcoming projects which require the board’s financial support or approval.
Include any high-level risks or opportunities statements the company has identified and their potential impact. Make sure you give them a level of specificity that is in line with the board’s risk tolerance.
You should end with your main takeaways and a clear explanation regarding the next steps that the business must take. The purpose of the paper for the board will determine the content. It may be to inform the board or, more commonly, to ask for an action. This will determine how you organize the entire report, including whether you need a table-of-contents with clear headings, or bullet points to convey your main points.