Question

Write a letter- style report for submission to the board of directors regarding the market potential of a new brand of electronic equipment

Answer 1

There is a reason for everything that the board does, including writing, reading, and storing board and committee reports. The committees take on work that the board cannot do during a regular board meeting. It’s important for committee members to communicate their work to the other board members.

Committees are usually formed by taking selecting board members, and sometimes other members, that have the talents needed to fulfill the objective of the committee. Committees can spread their work over weeks or months so that they can fully research their objectives and make comprehensive recommendations to the full board. For the most part committee reports are intended to be a communication tool. The board can decide how often the committee submits a report, which can be monthly, yearly, or some other timeframe.

Answer 2

There are some basic and mandatory details that has to be included when you are submitting a report to the board of directors.  

If it is a letter style report, then they can be included in the body of the letter. A report should contain information about,

Date

Name of committee

Name of committee chair

Names of committee members

The objective of the committee :

Potential of the new brand of electronic equipment.

Summary of recent accomplishments and current activities :

Provide related market data.

List of activities in progress and upcoming events :

Provide comments

Financial impact: Information regarding profit/loss.

Dissenting opinions

Recommendations to the executive director or CEO

Recommendations to the Board of Directors

Typically,

From

XYZ

To

The board of directors

Subject: Market potential of new brand of electronic equipment.

The report information.

Thank You.

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