The board room is a space for important decisions to be made. It is often a place where people outside the company validate business policy decisions that can impact or affect the lives of employees, shareholders, and consumers. As a result, from a legal perspective it is imperative that the documentation and information of the debates and deliberations take place in such a way that the company can defend these decisions.
A boardroom is a place to meet space for the board of directors of a corporation comprised of a group of people elected by shareholders to run the business. Board members are responsible for maintaining good communication with the CEO and other top executives, formulating business strategies and maintaining the integrity of the corporation.
While a board room is the ideal location to hold these meetings, it’s not required for every organization to have one. A simple conference room could also suffice for meetings that require a smaller group. Modern boardrooms have video conferencing, whiteboards, and screens for remote meetings.
The word “board”, which means table, is derived from the Latin “tabula”. The term was first used in colonial America when boards were created to govern and control the slave trade and plantations. The word began to gain popularity in the United States with the rise of corporations and the need to manage large amounts of property, money and labor.
