Board members are expected to make crucial decisions. This is why it’s crucial that your company communicates its important business information in a concise and engaging manner. This article will guide you through the best methods for writing a successful board report.
Start with an overview. This is the basis to tie everything together to your audience who is time-poor. It should give your audience an idea of what’s to come and why they should read the entire report.
The main content of your report is the next step. Include important metrics and other information relevant to your company, such as the ones that are compared to industry benchmarks. Highlight any milestones and accomplishments www.boardroomlife.com/how-to-write-a-board-report-that-delights-your-board/ the company has achieved, as well any challenges that will affect future performance. Do not forget any upcoming projects which require the board’s financial backing or approval.
Include any high-level declarations of potential or risk that the company has identified and their impact. They should be presented in a way that is in line with the board’s tolerance for risk.
In the end, you must conclude with your top takeaways and an outline of the next steps for your company. The purpose of the board report will determine the contents whether it’s to inform the board or – more commonly – to request the decision. This will dictate how you structure the whole report, and whether or not you need to include a table of contents along with clear headings and bullet points for your key message, as well as a brief summary to analyze your findings.