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In the boardroom, important decisions are taken. It is often a place where people outside the company validate business policies that impact or alter the lives of employees, shareholders as well as consumers. It is therefore crucial that, from a purely legal point of view, the information and documentation about the discussions and deliberations take place in a way that allows the company to defend its decisions.
A boardroom is a gathering space for the board of directors of a corporation which is a group of individuals chosen by shareholders to manage the company. Board members are responsible for keeping in contact with the CEO and other high-level executives, devising business strategies, and ensuring the integrity of the company.
While a board room is the ideal space to hold these meetings it isn’t necessary for every organisation to have one. For meetings that require a small group, a simple meeting room will suffice. A modern boardroom will include a whiteboard, a videoconferencing system, and screens for meetings that can be held remotely.
The term « board » that translates to table, is derived from the Latin « tabula ». The first time that we heard of the term was in the period of early colonial America when boards were set up to oversee and control plantations and slave trades. The term began to gain popularity in America after the rise of large corporations and their need to manage large sums of capital, property and labour.