In the age of collaboration, companies are often allocated spaces for meetings and discussions. Conference rooms and board rooms are among the most popular options. These spaces are similar in function but differ in their purpose, design and atmosphere. Understanding the differences between them can help businesses optimize the use of these important assets.

A boardroom’s primary purpose is to host meetings of the company’s board of directors. This is a group of shareholders who elect the members to run the company. At these meetings, important decisions regarding the company’s strategy in terms of policy formulation, as well as major investments. These meetings are usually conducted regularly, at least once per business quarter.

Boardrooms, therefore, should have an https://boardroomfoundation.com/board-portal-vs-board-management/ elegant and sophisticated ambience to reflect the seriousness of the discussions that are held in them. They must also have the appropriate infrastructure to enable efficient and effective communication, including audiovisual equipment such as large screens or projectors as well as video conference capabilities. Whiteboards can also be used to brainstorm ideas and making notes.

Meeting rooms are more informal than boardrooms and can accommodate a variety meetings. They can be used, for example for departmental meetings, or presentations for clients. Meeting rooms can be used to host virtual meetings. This provides several advantages to board members including increased attendance and reduced travel costs. Virtual boards facilitate quicker decision-making because they don’t require everyone to be physically present to discuss and agree on a set of action.