In the boardroom, important decisions are made. It is typically a place where people outside the company can validate business policies that could affect or change the lives of employees, shareholders, and consumers. It is therefore important to ensure that, from a legal perspective, the information and documentation of the deliberations and discussions are conducted in a manner that allows the business to defend its decisions.
A boardroom is the meeting space for the board of directors of a corporation, a group of people selected by shareholders to lead the business. Board members are accountable of maintaining a good relationship with CEOs and other top executives. They also create business strategies and ensure that the company is operating with integrity.
A boardroom is the ideal space for these meetings but it isn’t necessary that every company has one. A simple conference room could be adequate for meetings that require an intimate group. A modern boardroom is equipped with a whiteboard, a video conference system and screens to facilitate meetings that can be held remotely.
The word «board», which means table, originates from the Latin «tabula». The first time that we heard of the term was in the era of the early colonial America when boards were created to oversee and control plantations and slave trades. The word began to gain popularity in the United States with the rise of corporations and the need to manage huge amounts of property, money and labor.