Your board report is essential to keeping your board members current on the most important developments since the last meeting. A clear and well-written board report will boost the efficiency of your organization and assist to deliver the best results to your clients.
Making a top-performing board report that your stakeholders will appreciate is a challenge for many companies. A poorly written board report can result in poor decisions, confusion, and lack of clarity on the direction your organization takes. Avoid these common mistakes to ensure that your board reports are effective and efficient.
Not incorporating a thorough executive summary Executive summary is a critical element of your report to the board. It gives your board the background and the key points of each slide in your report, making it easier for them to comprehend and absorb the data you're providing.
Only presenting positive news: Showing only good news in your board reports will confuse the board and affect their decision-making in a significant way. A good board report should always be transparent and contain both successes and failures to provide an objective, balanced assessment.
Failure to include committee reports by not mentioning the status of all committees in your report, you will keep the board members up-to-date on the latest developments and any issues that might arise.
Do not make use of visuals The board members are more likely to read and interact with your report if it includes tables, infographics, and images. The human brain is better at processing visual information than text on its own, so make sure to include some form of visualization into your board reports.