31 May The Board Room
The board room is the place for important decisions to be taken. It is often the setting where business policy decisions are reviewed by those outside of the company that can alter or even affect the lives of employees, customers as well as shareholders and owners. It is essential to ensure that, from a legal perspective, the information and documentation of the deliberations and discussion are conducted in a manner that allows the business to defend its decisions.
A board room is a space used for meetings of a corporation’s board of directors comprised of a set of individuals selected by shareholders to run the company. Board members are accountable of maintaining a good relationship with CEOs as well as other top executives. They also create business strategies and ensure corporate integrity.
A board room is ideal for these meetings but it’s not necessary that every organisation has one. A simple conference room could be sufficient for meetings that require a smaller group. Modern boardrooms include an audio-visual conferencing system as well as whiteboards and screens for remote meetings.
The word «board» originates from the Latin «tabula» which translates to table. The term was first used in colonial America when boards were created to manage and control slave trading and plantations. The term was popularized in America as the rise of large corporations and the necessity to manage large amounts of capital, property and labour.
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