How to Write a Well-Crafted Board Report

A well-written report on the board is an effective tool that improves collaboration, promotes transparency and accountability, and facilitates strategic alignment. Many organizations struggle to craft board reports that are accurate and timely. The negative impact of a poorly presented or insufficient data is detrimental to the process of making decisions and the growth of the business.

Be sure to only share the details you need to get your board moving forward. This will help to avoid excessive information and the need for long explanations.

Begin with a summary, or abstract that outlines the main points of the report. This allows board members to quickly go through the report and understand its important points. Utilize this method to determine the KPIs of your business. Provide specific information in the context of goals and targets you set for the last year and provide examples of how they have been accomplished or are improving.

Include a section about industry trends and challenges. This is a great method to explain the context of the financial information you’re sharing and help board members to understand the reasons why your market share increased or decreased, as an example. If you’re facing significant regulatory hurdles Be sure to include this in the report to help your board members to evaluate the potential legal implications and risks.

Next, you should share your next-step plan with the board. Whether this is a new initiative that requires their approval, or a revision of an existing one.

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