A clear and compelling opening statement (executive summary) explaining the strategic initiative b. A high-level outline of your implementation plan, including costs, impact on operations, ROI projections, competitive advantage, and risks associated with the plan, along with your mitigation plans c. A reminder of the challenges and opportunities facing the organization and how your proposed plan will address these d. Enough information allowing Board members to prepare for the upcoming meeting and to formulate additional questions e. A summary statement recapping why the proposed strategic initiative is necessary and the approvals being sought at the upcoming Board meeting