In the boardroom, crucial decisions are taken. It is typically a place where people outside the company can validate business policy decisions that can impact or change the lives of employees, shareholders, and consumers. It is crucial that, from a purely legal standpoint, the information and documents pertaining to the discussions and deliberations are conducted in a way that allows the company to defend its decisions.
A board room is an area used to conduct meetings of a corporation’s board of directors members, who are elected by the shareholders to oversee the business. The board members are charged with keeping in contact with the CEO and other high-level executives, formulating business strategies and maintaining the integrity of the company.
A boardroom is the ideal space for these meetings but it isn’t necessary that every organization have one. If you are planning a meeting that requires a smaller group, a simple meeting room is enough. A modern boardroom will have a whiteboard, video conference system and screens to facilitate meetings that can be conducted remotely.
The word “board” that translates to table, is derived from the Latin “tabula”. The term was first used in early colonial America when boards were established to manage and control slave trade and plantations. The term was popularized in America due to the growth of large corporations and the requirement to manage large quantities of money, property and labor.
