A boardroom is a formal meeting held in an area specifically made for this purpose, also referred to the boardroom. It can be located in a business or any other institution. It is in this room that the top decisions, which can affect the employees of a business as well as investors who own its shares or the economy at large are made. Meetings are usually held quarterly or on an annual basis, and there are periodic meetings to resolve urgent issues. They usually follow a predetermined agenda and follow an established format. They are usually private and participants usually sign non-disclosure agreements.

The term can also refer to the room in a stockbroker’s office where market quotations are displayed. The first mentions are of rooms in the London Stock Exchange building.

While boardrooms and conference rooms have similar functions however, they are distinct spaces that have their own distinctive design and ambience. The distinction between them is in their exclusivity, space and layout, as well as the integration of technology. Understanding these distinctions will help like it organizations to efficiently utilize both spaces and increase their effectiveness.

Diversity and inclusion are fast becoming more than buzzwords in boardrooms and executive suites across the world. As the movement gains momentum numerous companies are transforming their practices in new ways and implementing new policies in order to ensure that their workforce is reflective of their customers. But there’s much to be done. The most effective place to begin is in the boardroom.