The board room is an area for important decisions to be taken. It is typically the place where decisions made by the business are endorsed by those outside of the company. This can influence or even alter the lives of employees, consumers shareholders, owners and other employees. It is therefore important that, from a strictly legal standpoint, the information and documentation about the discussions and deliberations are conducted in a way that allows the company to defend its decisions.
A board room is a space used for meetings of a company’s board of directors which is a group of people elected by shareholders to manage the company. Board members are responsible for maintaining good communication with the CEO and other top executives, forming business strategies and protecting corporate integrity.
While a boardroom is the ideal space to hold these meetings, it’s not required for every organization to have one. For meetings that require a small group, a simple meeting room is enough. Modern boardrooms have a video conferencing system as well as whiteboards and screens for remote meetings.
The word “board” refers to table, is derived from the Latin “tabula”. The term was first used in early colonial America when boards were established to control and manage slave trading and plantations. The word began to gain popularity in the United States with the rise of corporations and the gegen gemeinsame anlagestrategien need to manage large amounts of money, property and labor.