The board room is the place for crucial decisions to be made. It is usually the place where the company’s policy decisions are endorsed by those outside of the company that can alter or even affect the lives of employees, customers, shareholders and owners. Therefore, from legal standpoint it is essential that the information and documentation of the debates and deliberations occur in as to allow the company can defend these decisions.
A board room is a space used to conduct meetings of a board of directors of a corporation members, who are selected by shareholders to oversee the business. The board members are charged with maintaining good communication with the CEO and other high-level executives, developing business strategies, and ensuring the integrity of the company.
While a boardroom is the ideal place to hold these meetings, it isn’t necessary for every organisation to have one. A simple meeting room can be adequate for meetings that require an intimate group. Modern boardrooms are equipped with a video conferencing system as well as whiteboards and screens for remote meetings.
The term “board” refers to table, is derived from the Latin “tabula”. The term was first used in colonial America when boards were formed to oversee and control plantations and slave trading. The term was popularized in America with the rise of large corporations and their requirement to manage large quantities of money, property and labor.