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A panel report can be described as file that helps decision making within a board getting together with. It draws together all the relevant information associated with topics that is to be discussed in the meeting, which includes historical and projected performance info, to allow the board to make well-informed decisions about the continuing future

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A report is a record of information that can be stored and simply retrieved. It could be handwritten, entered or even noted in a digital format on a computer. Paperwork can be by means of a spreadsheet, photo, audio record and more. Usually, they were developed and kept in physical old fashioned paper format, currently,