A boardroom is a formal event that occurs in a particular space for this purpose, referred to as the boardroom in the company or another organization. These are the places where top-level decisions are made, usually affecting the employees who work for a company to the investors that have the shares in the wider economy. Meetings are held quarterly or on an annual basis, and there are periodic meetings to address urgent issues. They typically follow a set agenda and follow the standard format. They are typically confidential and participants are often required to sign non-disclosure agreements.
The term is also used to describe a room inside the stockbroker’s office, in which market quotes and stocks are displayed. The earliest references were to rooms in London Stock Exchange.
Boardrooms and conference spaces may serve similar purposes however they are distinct spaces that have their own distinctive features and ambience. The main differences between boardrooms and conference rooms are the exclusivity, layout, size and technology integration. Understanding these distinctions will help companies efficiently utilize both spaces to maximize their efficiency.
Diversity and inclusion are quickly becoming more than buzzwords in boardrooms and executive suites all over the world. As the movement gains traction and companies begin to change their culture in innovative ways and implementing new policies to ensure that their workforce is reflective of their customers. But there’s many things to be done. And the most effective place to begin is in the boardroom.