What Is a Board Room?

A board room is a formal gathering that takes place in a room specifically designed for this purpose, referred to as the boardroom, within an organization or company. It is where the most important decisions, which usually affect the employees of a company as well as investors who hold its shares, or the general public at large, are made. Meetings are usually held either monthly or quarterly, with periodic meetings to discuss urgent issues. They usually follow a predetermined agenda and follow an established format. They are usually confidential and participants are often required to sign non-disclosure agreements.

The term can also be used to describe a space within a stockbroker’s office, where stocks and market quotes are displayed. The earliest references were to rooms in London Stock Exchange.

While boardrooms and conference rooms serve similar functions, they are distinct rooms with their own distinct ambience and features. The primary differences between boardrooms as well as conference rooms are exclusiveness, layout, size and technology integration. Understanding these distinctions will help companies efficiently utilize both spaces and maximize their effectiveness.

In boardrooms and C-suites around the globe, diversity and inclusion are fast becoming more than buzzwords. As the movement gains momentum numerous companies are changing their culture in fresh and innovative ways, and creating new policies to ensure their workforces reflect the needs of their customers. There is still a lot to be done, and the best place to start is in the boardroom.

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