If you’re planning to write an executive report for the first time or updating an existing one there are specific steps you must take to ensure that your report is in line with the requirements of your audience. By following these tips will ensure that your report addresses all areas of concern your board members are concerned about and gives them the necessary information to effectively run the business.
Know your audience
Consider the individual needs of every member of your board and how they relate to the information on the report. If you have a member on your board with a finance background they will be interested in the figures on revenue and other financial data. If you have an individual on your board who has spent their career within your field They will want to concentrate on the most recent trends and developments in the market. Knowing the board members of your company can help you anticipate their questions and organize a successful visit meeting.
Show do not tell
Your board members will want to know the truth about how your business is doing. Be honest with them about both the good and the bad. This will enable them to make the best possible decisions for your business. By only providing positive or negative information can lead to bias in the board’s decision-making and negatively impact it. It is also important to include negatives in the board’s report so that the board can make an informed decision.