Giving a Monthly or Quarterly Speech to the Board
Giving a monthly or quarterly speech to the board is a vital part of informing the people responsible for the major company decisions about what exactly is going on in your division or business unit.
Speeches to a Board Add ValueAlthough business information systems mean that statistics and information about company performance is now available almost instantaneously, not everyone reads all the reports they are sent on a daily, weekly or monthly basis. The monthly or quarterly summary is a chance not only to push the information at board members but also to give the real story behind the figures.
You have to be on your toes and have every fact and figure to hand, ready for any inquisition. The people sitting on the board will almost certainly have earned those seats by demonstrating good business acumen and achieving results, so they are unlikely to put up with any attempt to gloss over figures.
Introduction to a Monthly or Quarterly Speech to a BoardUnless you recently joined the company or have just been promoted then there'll be no need to introduce yourself or what you do.
- Briefly outline what you are going to present
- Highlight any changes to previous reporting formats
The Meaty Bit: Reports and FiguresThe middle section should be a case of going through a set of reports and figures. Assuming you are using computerised slides make sure that you mix graphs with lists of figures as different people respond better to one than the other. Avoid just reading out what's on the slides though; your voice should be adding information, not repeating it.
- Mix words and pictures
- Don't introduce too many changes to the reporting format in one meeting
- Your speech should add background information
- Keep it brisk but allow board members to stop you for questions
Concluding a Monthly or Quarterly Speech to a BoardWrap the speech up quickly and ask if there are any further questions. It's also worth asking if anyone wants to see the figures presented in a different way or if any of the metrics are now redundant.
- Finish with an upbeat tone and body language
- Offer to change formats or figure breakdowns to suit the business
- List any actions you've taken as a result of the speech
- Thank the board for their time