A boardroom is a formal gathering held in a room specifically made for this purpose, also known as the boardroom. It can be located in a company or any other organization. These are the places where top-level decisions are made, often affecting the employees who work for the company as well as the investors who control its shares to the wider economy. Meetings are held every quarter or on a monthly basis, along with periodic meetings to resolve urgent issues. They usually follow a standard structure and agenda. They are often confidential and participants sign non-disclosure agreements.
The term can also refer to the room in a stockbroker’s office where market quotations are displayed. The first references to the term were to rooms in the London Stock Exchange.
While conference rooms and boardrooms have similar functions but they are distinct rooms with their own distinct design and ambience. The primary differences between boardrooms as well as conference rooms are their exclusivity, layout, and technology integration. Understanding these differences will help companies optimize their effectiveness and efficiently utilize both spaces.
In boardrooms and C-suites around the globe, diversity and inclusion are quickly becoming more than just buzzwords. As the movement gains momentum numerous companies are transforming their culture in innovative ways and implementing new policy to ensure that their workforce reflects their customers. But there’s much more to do–and the best place to start is in the boardroom.
