The board room is the place where important decisions are taken. It is usually a place where individuals outside the company validate business policies that could affect or alter the lives of employees, shareholders as well as consumers. It is essential that, from a strictly legal standpoint, the information and documentation of the discussion and debate occur in a manner that allows the company to defend its decisions.
A board room is a place for meetings of a company’s board which is a group of people selected by shareholders to run the company. Board members are responsible for maintaining a strong relationship with the CEO and other top executives, forming business strategies and maintaining the integrity of the corporation.
A board room is ideal for these kinds of meetings but it is not required that every organisation has one. A simple meeting room can be sufficient for meetings that require a small group. Modern boardrooms will have video conferencing systems as well as whiteboards and screens for remote meetings.
The term “board” derives from the Latin “tabula” which means table. The term was first utilized in early colonial America when boards were created to manage and control slave trading and plantations. The term began to gain popularity in America due to the growth of large corporations and their need to manage large amounts cash, property and workers.
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