Board rooms are designed for smaller groups (usually between 8 and 20 people). They often feature large screens, projectors, and teleconferencing. A central table is usually provided for face-toface discussions. They are typically separate from the rest if an office is set up, thus ensuring privacy and minimising distracting factors.
Meetings of the board of directors are typically held in the boardroom. This group is selected by shareholders to oversee the company. It is accountable for major issues like strategic planning and financial plan, policy formulation, and major investments.
Boardroom meetings are usually formal, and include the board of directors serving as external advisors or key managers. The primary objective is to achieve agreement and foster a lively and strong board culture.
With the advent of digital technology, boardrooms are becoming increasingly flexible and streamlined. A digital boardroom functions as a communication, meeting and document storage solution, simplifying the board management process and facilitating meetings. It also eliminates the need for paper documents that are prone to being mishandled and be lost in the process, as well as the frustration that comes from waiting for hours, or www.onlyboardroom.com/5-steps-to-onboarding-new-board-members/ days, for an up-to-date version of the materials.
A good boardroom needs to be spacious and comfortable to accommodate all participants, especially during sessions that last 8 hours or more. The size and seating arrangement is crucial. A space with a couch can keep your energy levels up during the session.