In the boardroom are where important decisions are made. It is often a place where those outside of the company are able to validate business policy decisions that can impact or change the lives of shareholders, employees as well as consumers. In the end, from an ethical standpoint it is essential to ensure that the details and documentation of the discussions and debates occur in that the company can defend its decisions.
A board room is a space used to hold meetings of the company’s board comprised of a set of individuals chosen by shareholders to manage the company. The board members are responsible of maintaining a strong relationship with CEOs and other top executives. They also design business strategies and ensure corporate integrity.
A board room is the best for these kinds of meetings but it isn’t required for every organization to have one. A simple meeting room can be adequate for meetings that require a smaller group. Modern boardrooms include video conferencing as well as whiteboards and screens for remote meetings.
The word “board” refers to table, comes from Latin “tabula”. The first time that we heard of the term was during the time of early colonial America, when boards were formed to regulate and manage slave trades and plantations. The word was more popular in the United States with the rise of corporations and the need to manage huge amounts of money, property and labor.