How to increase your influence and effectively manage your board of directorsso it doesn’t manage you
If knowledge equals power, what does information equal? Influence. And that’s what you want when interacting with your board of directors: the ability to influence how you are perceived as a leader, and how your company is perceived as an enterprise. And you control your influence on your board, by providing the right info at the right time in the right format.
Of course, you’ve got to be honest and up front with your directors and clearly portray the state of your business. But no one has the time or the attention span to tolerate vagueness or fluff in board reporting. Clear board reporting helps keep the company on track and the board confident and aligned with your goals. Here’s what you need to report to your board of directors. Add whatever you and your executive team find appropriate to the list below. Note that each departmental update will require one to two pages in the board pack.
All Departments
For each department, you need to talk about the goals achieved last month, goals not achieved last month and why, and...