The Differences Between Board Room and Conference Room
In an age where collaboration is essential, companies often have designated spaces for discussions and meetings. Two of the most sought-after alternatives are board rooms and conference rooms. Despite having similar functions, these spaces differ in their use, design, and atmosphere. Understanding their differences helps businesses make the most efficient use of these important assets.
The main function of a boardroom is to house meetings of the company’s board of directors, which is a group of individuals elected by shareholders to run the company. During these meetings, key decisions concerning the company’s strategic direction as well as policy formulation and major investment decisions are made. These meetings are typically conducted on a regular basis at least once per business quarter.
Therefore, boardrooms must have an elegant and formal atmosphere to reflect the seriousness of discussions that take place in them. They should also have the appropriate infrastructure to facilitate efficient and effective communication. This includes audiovisual equipment such as large monitors and projectors, as well as video conference capabilities. Whiteboards are also often used to assist with taking notes and brainstorming.
Meeting rooms are more informal than boardrooms. They can accommodate a variety of meetings. For instance, they could be used for departmental meetings and presentations for clients, as well as discussions on team projects. Meeting rooms can also be used for virtual meetings, which provide several benefits to the board members, including greater attendance, less cost of travel, and more diversity of board members. Virtual boards enable faster decision-making, as they do not require everyone to be physically present in order to discuss and agree on a set https://boardroomfoundation.com/board-portal-vs-board-management of actions.