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The board room is the place for crucial decisions to be made. It is often a place where people outside the company validate business policies that could affect or change the lives of employees, shareholders and customers. Therefore, from legal perspectives it is vital to ensure that the details and documentation of the discussions and debates occur in an order that the business can defend its decisions.
A board room is a space used to conduct meetings of a corporation’s board of directors members, who are elected by the shareholders to manage the company. The board members are responsible to maintain a positive relationship with CEOs and other high-level executives. They also create business strategies and ensure corporate integrity.
A board room is perfect for these types of meetings, but it isn’t required that every company has one. For meetings that require a small group, a simple meeting space will suffice. A modern boardroom will include a whiteboard, video conference system and screens for meetings that can be conducted remotely.
The term “board” that translates to table, originates from the Latin “tabula”. The term was first used in colonial America when boards were created to control and manage the slave trade and plantations. The term became more popular in America due to the growth of websites large corporations and the necessity to manage large amounts of cash, property and workers.
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