A boardroom is a formal room held in a room specifically designed for that purpose, also known as the boardroom. It is usually located within a company or any other institution. These are the places where top-level decisions are made, often affecting those who work for the company as well as the investors who hold its shares to the general economy. Meetings are held every quarter or on an annual basis, and there are occasional meetings to deal with urgent issues. They usually follow a defined agenda and adhere to an established format. They are usually private, and participants are often required to sign non-disclosure agreements.
The term is also used to refer to a room in the offices of a stockbroker where market prices and stocks are displayed. The first references to the term are to rooms in the London Stock Exchange building.
Boardrooms and conference rooms may serve similar purposes but they are distinct spaces with their own unique characteristics and atmosphere. The difference between them is in their exclusivity, space, layout, and integration of technology. Understanding these differences can help get more companies to maximize their effectiveness and efficiently make use of both spaces.
Diversity and inclusion are fast becoming more than just buzzwords in executive suites across the world. As the movement gains momentum numerous companies are changing their corporate culture in new and innovative ways, as well as adopting new policies to ensure their workforces reflect their clients. There is a lot that needs to be done and the best place to start is in the boardroom.
