What Is a Board Room?

A boardroom is an official meeting that takes place in a specific area designed for that function, also referred as the boardroom. It is usually located in a business or any other institution. These are the places where top-level decisions are made, usually affecting the employees working for the company as well as the investors that control its shares to the greater economy. Meetings are held quarterly or on a monthly basis, along with occasional meetings to resolve urgent issues. They typically follow a prescribed structure and agenda. They are usually confidential and participants sign non-disclosure agreements.

The term can also refer to an area in a broker’s office where stocks and market quotes are displayed. The first references to the term are to rooms in the London Stock Exchange building.

While boardrooms and conference rooms serve similar functions but they are distinct spaces that have their own distinct atmosphere and features. The difference is in the exclusivity, size and layout, as well as the integration of technology. Understanding these differences can help companies to maximize their effectiveness and efficiently utilize both spaces.

Diversity and inclusion are quickly becoming more than mere buzzwords in boardrooms and executive suites all over the world. As the movement gains momentum and companies begin to change their the culture in new ways and implementing new policies in order to ensure that their workforce reflects their customers. There is still a lot to be done, and the best place to start is in the boardroom.

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