Board reports are a crucial element of the management of any company. As a governing body, the board’s role is to offer advice and oversight, and to ensure that the company’s many departments are headed in the right direction. A well-written and thoughtful report is an opportunity to show this.
Board members have many responsibilities and the time they reserve for meetings is valuable. That’s why it’s important to make the most of their time by presenting an informative report that is easy to read and understand.
The report to the board should start by presenting any key indicators that relate to the company’s goals and objectives. These could be financial metrics such as growth or profit, but also more specific data like new user sign-ups or hiring rates. All of this should be presented within the context of the strategy to provide your board valuable insight into the business’s performance.
Then, proceed to discuss any projects coming up or changes that will require the board’s approval or financial backing. This is an excellent opportunity to make the board think about the next steps. Make sure you provide an overview of the main points and the next steps. Also, be specific about any issues or risks that may occur.
