I couldn’t have said it better myself, but Maria Ogneva really hit the nail on the head with this -

Ultimately what board members care about is how it affected the business. Keep it pointed and relevant to the driving goal for the company. Always know what is on that CEO’s set of objectives for that year so you can align to that and speak in that language.

I have this screenshot from a FeverBee article(or a webinar that Richard Millington had conducted) about how you can frame your community goals as a great and inspiring opportunity to the various stakeholders. This has been really useful for me.