How to Write a Well-Crafted Board Report

A well-crafted report for the board is powerful tool that boosts collaboration, promotes transparency and accountability, and aids in strategic alignment. Many organizations struggle to craft board reports which are timely and accurate. Whether the problem is a lack of structure, inadequate information, or poor presentation, the result is detrimental to decision-making and company growth.

Make sure you only share the details you need to make your board move forward. This will avoid information overload and the need for lengthy explanations.

Begin with a summary or abstract that summarizes the main points of the report. This allows board members to quickly read the report and comprehend its most important elements. This should be followed by your company’s key performance indicators (KPIs). Include specific data in relation to the goals and targets you set for the data room for M&A last year and then highlight how they have been achieved or are in progress.

Include a section about the latest trends in the industry and challenges. This is a great way to explain the financial information you provide and assist your board members understand, for instance, why your market shares increased or decreased. If you’re confronting any significant regulatory hurdles, be sure to include the information in your report to allow the board members to understand the potential legal implications and risks.

Discuss your next step strategy with the board. If it’s a new initiative that requires their approval, or a re-evaluation of an existing one.