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A board report can be used to accomplish several objectives, including encouraging discussion, recognizing achievements and outlining the strategic plan, and making sure that accountability and transparency are maintained. Many reports fail to reach their goals due to many factors. They are a result of an inadequate structure and a poor presentation.

The first step https://justmatlab.com/ibabs-board-portal-review/ to creating a well-structured report is be aware of your target audience. Using clear headings to provide context and make data easier to understand is one way to accomplish this. Additionally, incorporating a mix of visuals (e.g. line charts to show trends and bar graphs to compare independent values) can aid board members in understanding the information you’re sharing quickly.

After you’ve established a tone, it’s now the time to share specific metrics and figures that can be compared against previous performance. This is also a great chance to provide a brief review of any planned projects or needs for strategy that require approval from the board. Connect these projects to the goals and strategy you’ve discussed earlier to give them greater meaning for your board members.

It’s also beneficial to include a section that evaluates your company’s performance in terms of the price of its stock versus its peers. This can help the board better understand relative positioning, valuation, and growth expectations. It can also provide an important insight into the perception of investors. Another option is a table of consensus estimates could be included to show the board how Wall Street is currently positioned on the key metrics. This is an especially useful piece of information for companies with sell-side analyst coverage.