A well-written board report is a powerful tool that strengthens collaboration, increases transparency and accountability, as well as facilitating strategic alignment. Many companies struggle to create board reports that are accurate and timely. If the issue is a lack of structure, insufficient data, or a lack of presentation, the impact is negative to decision-making and growth.

Focus on only sharing the details you need to help move your board forward. This will avoid information overload and the need for lengthy explanations.

Begin with an executive summary, or abstract, which provides some of the key takeaways from the report. This allows board members to quickly read the report and grasp its important points. Follow this with your company’s key performance indicators (KPIs). Give specific data in the context Continue Reading post about purpose built data room platforms for ma deals of the goals and targets that were set for the last year and then highlight how they have been achieved or are in progress.

Include a section on industry trends and challenges. This is an excellent method to explain the context of the financial information you are providing and help board members be aware of the reasons why your market share increased or decreased, for instance. Include any significant regulatory hurdles in your report so that board members are aware of the legal implications.

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