Your board report is essential to keeping your board members up-to-date on all of the important events that have occurred since the last board meeting. A well-written and concise board report will enhance the performance of your company and help you deliver the highest quality results to your clients.
The creation of a highly effective board report that your stakeholders will appreciate is a challenge for many businesses. A poorly written report could cause confusion, ineffective decision making, and a lack of clarity regarding the direction of your business. Avoid these common mistakes to ensure your board reports are accurate and efficient.
An executive summary that is thorough is an essential component of your board report. It gives your board members the details and key takeaways from each slide of your report which makes it easier for them to comprehend and absorb the information you’re providing.
Don’t present only positive news: Showing only good news in your board reports will confuse the board and affect their decision-making in a significant way. A great report on the board should always be honest and include both successes and failures to provide an accurate, balanced and comprehensive assessment.
Not including reports from committees: By including the status of various committees in your report, you’ll keep your board members informed of the most recent developments and any issues that may arise.
Not using visuals enough The board members are more likely to read and interact with your board report if it is filled with tables, infographics, and images. Visual information is processed more efficiently by click here to read board report the brain than text on its own. Incorporate some form of visualisation in your board reports.