Your board report is essential to keeping your board members up-to-date with all the significant developments since your last meeting. A well-crafted and concise report on your board will improve your overall organization’s performance and allow you to provide the best possible results for your customers.
Many companies struggle to create an effective board report that will be loved by their customers. A poorly written report can lead to confusion, ineffective decision making, and a lack of clarity regarding the direction of your business. Avoid these common mistakes to ensure that your board reports are efficient and efficient.
Neglecting to include a thorough executive summary: The executive summary is a crucial part of your report to the board. It provides your board with context and key takeaways of every slide in your report and makes it easier for them to understand and absorb the information you’re present.
Do not present only positive news. Presenting only positive news in your board report could be misleading to the board, and affect their decision-making. A great board report will always be honest and include both successes and mistakes for an objective, balanced assessment.
Failing to include committee reports In the event that you include the status Boardable of various committees in your report, you’ll keep the board members up-to-date on the latest developments and any issues that may arise.
Inadvertently using visuals: Your board members are more likely to read and interact with your report if it includes tables, infographics, or images. Visual information is processed more efficiently by the human brain than text alone. Incorporate some form of visualisation in your board reports.