Board papers should be concise and concise with high levels of insight. In the event of drilling down to operational detail, it should only be done when it’s required for strategic decision making. Using graphs or charts to summarize information or data trends is a great method of providing insight at the lower levels. In an appendix, it is useful to provide a link for more technical details or statistics.
The paper should state the reason for the paper (information or discussion, or seeking a resolution) and include an executive summary that outlines the recommendation. The executive summary should not exceed 4 to five lines.
The paper should outline the most important issues and risks in the proposed proposal. If the risk is substantial, a clear mitigation plan and its impact should be identified. It is important to consider the possibility of future risks in the event that the plan is not fully implemented or is not achieved even if the risk is considered https://boardroomofficial.com/what-do-you-think-about-virtual-board-meeting-software/ to be minimal.
The paper should describe various alternatives that were considered during the decision making process and give a summary of the pros and cons or provide a summary of how the preferred option was rated on the relevant decision criteria. It is crucial to include an alternative analysis because it gives the Board several options to consider when carrying out their governance duties. This will ensure that they have thought about all possible outcomes.
