How to Write a Well-Crafted Board Report

A well-written report from the board is a powerful tool to encourage cooperation, transparency and accountability and facilitating strategic alignment. Many companies struggle to create board reports which are timely and accurate. The consequences of poor presentation or lack of information is detrimental to the decision-making process and the growth of the company.

To make the most of your board member’s time on sharing only the information that is essential to get the needle moving forward. This will help avoid information overload and the need for lengthy explanations.

Begin with an executive summary, or abstract, that provides summary information from the report. This lets board members quickly review the report and grasp its major points. Then, use this method to identify the KPIs of your business. Give specific data in relation to Ibabs Board Portal Review the goals and targets set for the last year, and highlight how these have been achieved or are improving.

Include a section on the latest trends in the industry and challenges. This is an excellent way to give context to the financial information you’re sharing and help board members understand the reasons why your market share increased or decreased, for instance. Also, if you’re confronting any significant regulatory hurdles be sure to mention the information in your report to allow the board members to understand the potential legal implications and risks.

Share your next-step strategy with the board. It does not matter if it’s an entirely new plan that requires their approval or a review of a current project.