Compare expected performance to actual performance
In the case of negative deviations, be honest, but try to cast in a positive light – you’re trying to convince the BoD to not fire you “An annual report is a comprehensive report on a company's activities throughout the preceding year. Annual reports are intended to give shareholders and other interested people information about the company's activities and financial performance.” There are 2 main reasons teams get emergency loans. One is not selling as much as they predicted - this leads to lower-than-expected revenue as well as inventory carrying costs. The second reason is not adequately financing investments. ...