The board report is a vital link between company management and directors, delivering critical information to ensure that board meetings are as productive and effective as possible. It may have a direct impact on the board’s level of engagement and decisions.
A good board report provides an accurate snapshot into company health and operations, scans the horizon and points board members to business areas in need of their guidance. It should quickly and easily bring board members up to speed. Most importantly, the board report should catalyze strategic debate in the boardroom.
If your company’s board report is long overdue for an update, you may be missing an opportunity to leverage and focus the board’s time and talent. The board report is perhaps one of the most important means of communicating with directors and should not be treated as a check-the-box exercise. By updating stale content and retooling report format, a corporate secretary can make a significant impact on board engagement. It is time to take your board report to the next level. Read our practical guide for more information.
To learn more about how Nasdaq Boardvantage can help drive governance excellence visit: https://nq.nasdaq.com/take-board-next-level and download their report.
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