A boardroom is a formal gathering that takes place in a space specifically designed for this purpose, known as the boardroom, inside an organization or company. These are the places where top-level decisions are made, usually affecting the employees who work for the company, as well as the investors that control its shares to the greater economy. Meetings can be held regularly, either monthly or quarterly, and may include the need for additional meetings ad-hoc to discuss urgent issues. They usually follow a standard structure and agenda. They are usually confidential and participants often sign non-disclosure agreements.
The term can also be used to describe a room within the office of a stockbroker, in which market quotes and stocks are displayed. The first references to the term were to rooms at the London Stock Exchange.
Boardrooms and conference spaces may serve similar purposes however they are distinct spaces that have their own distinct features and ambiance. The primary differences between boardrooms as well as conference rooms are the exclusivity, layout, size and integration of technology. Understanding these distinctions will help organizations to efficiently utilize both spaces and increase their effectiveness.
In boardrooms and C-suites around the globe, diversity and inclusion are rapidly becoming more than a buzzword. As the movement grows in popularity, many companies are changing their culture in innovative and innovative ways, and implementing new policies to ensure that their workforces reflect the needs of their customers. There is still much to be done, and the best place to start is in the boardroom.