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What Is a Board Room?

A board room is a formal gathering held in a room specifically designed specifically for this purpose, commonly referred to as the boardroom in a company or other organization. It is here that high-level decisions, that often affect the employees of a business as well as shareholders who hold its shares, or the overall economy are taken. Meetings are held every quarter or on a monthly basis, along with the need for ad-hoc meetings to resolve urgent issues. They usually follow a standard schedule and format. They are usually confidential and participants are often required to sign non-disclosure agreements.

The term is also used to refer to an area in a broker’s office where stocks and market quotes are displayed. The first references were to rooms of the London Stock Exchange.

While boardrooms and conference rooms have similar purposes however, they are distinct spaces that have their own distinct atmosphere and features. The differences between boardrooms and conference rooms are exclusivity, layout, size and integration of technology. Understanding these distinctions allows businesses to efficiently use both spaces and increase their effectiveness.

Diversity and inclusion are rapidly becoming more than just buzzwords in boardrooms and executive suites across the world. As the movement gains traction numerous companies are transforming their corporate culture in new and innovative ways, as well as adopting new policies to ensure that their employees reflect their customers. But there’s much more to do–and the best place to start is in the boardroom.

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