A boardroom is a formal event that occurs in a space specifically designed for this purpose, known as the boardroom, within a company or other organization. It is where the most important decisions, which can affect the employees of a business and also the shareholders who own its shares or the overall economy and the economy at large, are taken. Meetings are usually held quarterly or on a monthly basis, with periodic meetings to discuss urgent issues. They generally follow a standard structure and agenda. They are usually private and participants are often required to sign non-disclosure agreements.
The term is also used to refer to an area in a broker’s office where market quotes are displayed. The first references to the term are to rooms inside the London Stock Exchange building.
Boardrooms and conference spaces may serve similar functions, but they are unique locations with their own distinctive features and ambience. The primary differences between boardrooms as well as conference rooms are exclusiveness, layout, size and technology integration. Understanding these distinctions will help companies to effectively utilize both spaces and maximize their effectiveness.
Diversity and inclusion are quickly becoming more than just buzzwords in executive suites all over the world. As the movement gains traction, many companies are changing culture in innovative ways and implementing new policies in order to ensure that their workforce mirrors their customers. But there’s many things to be done. And the best place to start is in the boardroom.