Your board’s report is crucial to keeping your board members informed on all the important developments since your last meeting. A clear and well-written board report will enhance the performance of your business and help to deliver the best outcomes to your customers.
Making a top-performing board report that your board members will enjoy is a daunting task for many businesses. A poorly written board report could lead to poor decision-making, confusion, or an absence of clarity regarding the direction of your company. To ensure your board reports are both effective and efficient there are a few common mistakes to avoid.
Neglecting to include a thorough executive summary It is a critical element of your board report. It gives your board the information and context for each slide of your report making it easier for them to comprehend and absorb the data you’re giving them.
Only presenting positive news: Presenting only positive news in your reports to the board is misleading to the board and could influence their decision-making significantly. A good board report is unbiased and includes both successes as well as failures to provide a well-rounded fair and balanced evaluation.
Failure to include committee reports: By including the status of all committees in your report, you’ll keep the board members up-to-date on the latest developments and any issues that may arise.
Visuals are important Board members will be more involved with your report if you include infographics and pictures and tables. Visual information is processed more efficiently by the brain than text alone. Incorporate some form of visualisation in your board reports.
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