Board decision papers give you the board with all the information that they boardroomofficial.com need to understand, style and help to make decisions which will determine the fortune of an enterprise. They can also be the source of controversies and legal action if they are not written well enough or in cases where they have incorrect details.
A good board paper need to first establish the purpose – information only, discussion or seeking a choice – of course, if seeking a decision, then the exact wording of the resolution for being put to the board that should appear in the meeting minutes (if accepted without amendment). It is afterward important to supply background to the matter to become considered by board. This will include an executive brief summary (not greater than a single paragraph of four – a few lines) and a brief description of the proposed resolution and what the outcome will probably be. A brief synopsis of alternatives should be included if relevant, along with a explanation of how the most preferred recommendation was selected and key criteria utilized to measure achievement.
The paper documents should then provide information on how the proposal will straighten up, support or perhaps advance agreed strategic and business strategies. It should likewise highlight any significant fiscal implications of your decision and any important risks that need to be viewed as. Any specific technical info or stats should be supplied in appendices so that the key body with the paper is targeted on the key element issues that the board should consider.