The boardroom is where the most important meetings and discussions take place. It is the place where important decisions that affect everyone within the company are taken. It is where decisions are made to aid a business’s growth and expand. The boardroom is a symbol for power and achievement. It evokes images of deep high ceilings of wood where wealthy men sit deciding on the policies of their companies and prices to monopolize their market and opportunities.
The term boardroom may also refer to a conference space that is used for meetings between members of a board of directors. Usually, these spaces include a table which can accommodate 20 people comfortably and is situated in a place that encourages privacy. The space is usually equipped with the most recent presentation technology and video software for conferencing. The meetings will usually include a U-shaped or ‘horseshoe’ style seating arrangement which allows delegates to be seated on two sides and one end of the table, making sure that everyone has access to presentations or other materials.
In these meetings the board will be discussing the most pressing concerns facing the company. The board is responsible for deciding on how to address these issues and meet the goals set by the shareholders. The board will decide on issues such as hiring and firing staff, company expansion as well as dividend and option policies and much more. The frequency of these meetings will be contingent on the size of the business.
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