Board papers should be concise and concise with high levels of insight. Only drill down into the operational level when it is essential to make strategic decisions. Using graphs or charts to present information or trends is also a www.boardroomofficial.com/practical-steps-for-getting-the-best-data-room-software good method of presenting information at the lower levels. In an appendix, it’s important to include a hyperlink to more technical information or statistics.
Whether the decision is one-off or an ongoing matter, the paper should specify the purpose of the Board document (information only discussion or seeking an answer) and include an executive summary that clarifies the recommendation. Ideally, the executive summary should not go on more than four to five lines.
The paper should focus on the major risks and issues in the proposed proposal. If the risk is substantial an effective mitigation plan and its impact must be determined. Even if you think the risk is minimal it is important to think about the risks that could arise if your plan is not implemented fully or is not achieved.
The paper should present a range of options that were considered in the decision making process. It should give a brief summary of the pros and cons or explain how the most preferred option performed on the relevant decision criteria. It is essential to include an alternative analysis because it provides the Board more than one option to consider when they perform their governance responsibilities. This ensures that they have considered all possible outcomes.
