A boardroom is a formal meeting that takes place in a space specifically designed for this purpose, referred to as the boardroom, within the company or another organization. It is where the most important decisions are made, often affecting the employees who work for a company to the investors that own its shares to the greater economy. Meetings are scheduled quarterly or on the monthly basis, with ad hoc meetings when necessary to resolve urgent issues. They generally follow a standard schedule and format. They are usually private, and participants often sign non-disclosure agreements.
The term is also used to refer to a room in a stockbroker’s office where stocks and market quotes are displayed. The earliest references were to rooms of the London Stock Exchange.
Conference spaces and boardrooms can serve similar purposes but they are distinct spaces with their own unique features and ambiance. The distinction between them is in their exclusivity, size and layout, as well as the integration of technology. Understanding these differences can help businesses optimize their effectiveness and efficiently utilize both spaces.
Diversity and inclusion are quickly becoming more than buzzwords in executive suites around the globe. As the movement grows in popularity, many companies are changing their culture in fresh and innovative ways, and implementing new policies to ensure their employees reflect their customers. But there’s many things to be done. And the best place to start is in the boardroom.