Board members read hundreds of pages before each meeting. The transformation update competes with all of it, and usually loses to its own length.
Lead with the number, then the narrative
Open with the single measure the programme exists to move, shown against the plan. Then explain the gap in three sentences, in plain language.
Boards forgive bad news. They do not forgive surprises.
A format that works
One page: the headline measure, three risks and the decisions you need from the board.
An appendix for anyone who wants detail, which most will not.
A standing item for what has been stopped, not only what has started.
