If you’re planning to write a board report for the first time or are updating an existing one there are specific steps you must take to ensure it is in line with the requirements of your audience. By following these tips will ensure that your report addresses all the issues that the board members have and provides them with the necessary information to effectively run the business.
Know your audience
Consider the requirements of each member of the board and how they relate to the data you include in your report. For instance, if you have a board member https://boardroomlife.com/four-critical-factors-that-impact-nonprofit-success/ who has a finance background, they will be more interested by hard figures for revenue and other financial information. If you have a member on your board who has been working in your industry for a long time, they will be interested in the most recent developments and trends. Knowing the members of your board can assist you in anticipating their concerns and prepare a productive meeting.
Show do not tell
Your board members want to understand the way your business is performing. Be open with them about both the good and the bad. This will allow them to make the best choices for your organization. Making sure you only provide positive or negative information can influence the board’s decision making and their decision making in a negative manner. It’s also important to include the negatives in your board’s report so that the board has all the facts they require to make an informed decision.