In the age of collaboration, companies are often allocated spaces for meetings and discussions. Two of the most popular options are board rooms and conference rooms. These spaces have a similar function, but they differ in purpose, design and ambiance. Understanding their differences allows businesses to maximize the use of these important resources.
The primary function of a boardroom is to host meetings of the company board of directors. This is a group of people elected by shareholders to manage the business. At these meetings, important decisions regarding the company’s strategy, policy formulation and major investments. The meetings are regularly scheduled, at least one per quarter.
As such, boardrooms need to have an elegant and formal atmosphere to reflect the seriousness of discussions that occur in them. They must also have the right infrastructure to enable efficient and effective communication, including audiovisual equipment, such as large screens, projectors, and video conference capabilities. In addition, whiteboards are usually available to assist in taking notes https://boardroomfoundation.com/nasdaq-boardvantage-board-management-software-review and brainstorming.
Meeting rooms are more informal than boardrooms and can accommodate a variety of meetings. For example, they can be used for departmental meetings, client presentations, or discussions on team projects. Meeting rooms can also be used for virtual meetings that provide many benefits for board members, including increased attendance, lower expenses for travel, and greater diversity of board members. Virtual boards permit quicker decision-making as they don’t require everyone to be physically present in order to discuss and agree on a course of action.