A board room is a formal gathering that takes place in a particular space for this purpose, also known as the boardroom within the company or another organization. This is where decisions of a high level are made, usually affecting the employees working for a company to the investors who hold its shares to the wider economy. Meetings may be held either monthly or quarterly, with additional ad-hoc meetings as necessary to address urgent issues. They usually follow a defined agenda and follow an established format. They are often private and participants sign non-disclosure contracts.
The term could also be used to describe a space within the stockbroker’s office, where market prices and stocks are displayed. The first mentions are of rooms in the London Stock Exchange building.
Conference spaces and boardrooms can serve similar purposes but they are distinct spaces with their own unique characteristics and atmosphere. The difference between them lies in exclusivity, size, layout, and integration of technology. Understanding these distinctions allows businesses to efficiently use both spaces and maximize their effectiveness.
Diversity and inclusion are fast becoming more than mere buzzwords in boardrooms and executive suites around the globe. As the movement gains momentum, many companies are changing practices in new ways and implementing new policy to ensure that their workforce represents their customers. There is a lot that needs to be done, and the best place to start is in the boardroom.