A well-written report on the board is an effective tool that improves collaboration, promotes transparency and accountability, and helps to facilitate strategic alignment. Many organizations struggle to craft board reports that are timely and precise. If the issue is a lack of structure, insufficient data, or a lack of presentation, the consequences are negative to decision-making and growth.

To maximize your board member’s time, concentrate on sharing only the information necessary to get the needle moving forward. This will help avoid information overload and the need for lengthy explanations.

Begin with a summary, or abstract that summarizes the key points of the report. This allows board members to quickly scan and grasp the report’s major points. Then, you can use this method to identify the KPIs of your business. Give specific data in the context of the goals and targets that were set for last year and provide examples of how they have been achieved or are moving forward.

Include a section on the latest trends in the industry and challenges. This is an excellent opportunity to explain the financial information you provide and assist your board members understand, for example, why your market shares have increased or decreased. If you’re facing any major regulatory hurdles make sure to mention the information in your report to enable the board members to understand possible legal risks and their implications.

Tell your next-step strategy to the board. It’s up to them if this is a brand new project that needs their approval, or a revision of an existing one.

https://justmatlab.com/purpose-built-data-room-platforms-for-ma-deals/