Your report on the board will keep your board members updated on all the important happenings that occurred since the last board meeting. A well-written and concise board report will improve the overall performance of your business and allow you to achieve the best results possible for your customers.
Many companies struggle to create a board report that is loved by their members. A poorly written report for the board can lead to ineffective decisions, confusion, and an absence of clarity regarding the direction of your company. To ensure your board reports are effective and efficient, there are a few common mistakes to avoid.
A thorough executive summary is an essential component of your board report. It provides information and context for each slide in your report, allowing your board members to easily comprehend and absorb the information you’ve provided.
Only presenting positive news: Showing only good news in your reports misleads the board and can influence their decision-making significantly. A great board report will always be transparent and contain both failures and successes for an objective, balanced assessment.
Failure to include committee reports Including the status of various committees in your report will allow your board members to stay up-to-date on the latest developments and any issues that may arise.
Inadvertently using visuals Board members are more likely to read and engage with your report if it is filled with infographics, tables, and pictures. Visual information is processed more efficiently by the human brain than text alone. Include some form of visualization in your board reports.
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