Board Decision Papers

Board decision papers are written documents for board members to perform their oversight responsibilities and take informed decisions regarding company issues. They must be clear and informative and include a clear overview and accompanying annexes.

The factors directors should consider to make the best decisions about specific issues could include a discussion of alternative analysis (such as methods like Six Thinking Hats), an overview https://boardroomofficial.com/what-do-you-think-about-virtual-board-meeting-software/ of the most important metrics and research data, or operational context and competitive insights that provides a perspectives, or even an analysis of the effect of each option on the business. It is also beneficial to show how management chose the most appropriate option. This could include explaining the various options that were considered, or a summary of the pros/cons for each, as well being able to show how the suggested method was rated on various factors.

Board papers should be written in a formal business manner that is free of jargon and legalese. This will help keep the content current and readily accessible to all directors. Charts and graphs can be used to organize information and trends, and also break up large blocks of text. It’s also a good idea to read the paper aloud or with your colleagues to ensure the primary points are being communicated. If you need to clarify something, it’s best to solicit feedback or perspectives from the board.