A well-written board report is powerful tool that boosts collaboration, promotes transparency and accountability, and aids in strategic alignment. Many organizations struggle to write board reports that are accurate and timely. It doesn’t matter if the issue is lack of structure, insufficient information, or a poor presentation, the results are negative to decision-making and growth.

Make sure you only share the information that is necessary to get your board moving forward. This will reduce the amount of information and the need for lengthy explanations.

Start with a summary or abstract that summarizes the main aspects of the report. This will help board members quickly read and comprehend the report’s most important points. Then, you can use this method to identify the KPIs of your business. Share specific data within the context of goals and targets that were set last year and show the progress made.

Include a section about industry trends and challenges. This is a fantastic opportunity to Ibabs Board Portal Review explain the financial data you share and help your board members understand, for example the reasons your market shares have increased or decreased. Include any major regulatory obstacles in your report so that board members can assess the potential legal risk.

Discuss your next step strategy with the board. Whether this is a new project that requires their approval, or a revision of an existing plan.