Updating our board papers for Data Attestation
I have written and read my fair share of board and investment papers over the past 25 years. This post is not to add to the abundance of excellent work on how to write a better board/ investment paper or what the best structure is - it would annoy you and waste my time. A classic “board paper” will likely have the following headings: Introduction, Background, Rationale, Structure/ Operations, Illustrative Financials & Scenarios, Competition, Risks and Legal. Case by case there are always minor adjustments. Finally, there will be some form of Recommendation inviting the board to note key facts and approve the request. I believe it is time for the Chair or CEO, with the support of their senior data lead (#CDO) to ask that each board paper has a new section heading called “ Data Attestation. ” Some will favour this as an addition to the main flow, some as a new part of legal, others as an appendix; how and where matters little compared to its intent. The intention of this new