The board room is a space for important decisions to be taken. It is often a place where people outside the company validate business policies that impact or change the lives of employees, shareholders as well as consumers. It is essential to ensure that, from a legal point of view, the information and documents regarding the discussion and debate are conducted in a way that allows the company to defend its decisions.
A board room is an area used to hold meetings of the board of directors of a corporation, a group of individuals chosen by shareholders to oversee the company. The board members are charged with maintaining strong communication with the CEO and other top executives, devising business strategies and preserving the integrity of the corporation.
While a boardroom is the ideal space for these meetings, it isn’t required for every business to have one. A simple meeting space can be used board room for meetings that require a smaller group. Modern boardrooms will have a video conferencing system as well as whiteboards and screens for remote meetings.
The word “board” refers to table, originates from the Latin “tabula”. The term was first used in colonial America when boards were formed to oversee and control slave trade and plantations. The term began to gain popularity in America with the rise of large corporations and their requirement to manage large quantities of money, property and labor.