In the age of collaboration, companies have often designated spaces for discussions and meetings. Board rooms and conference rooms are among the most sought-after options. Despite their similar functionality they differ in their use design, style, and ambience. Understanding their differences can help companies make the most of these important assets.
The primary function of a boardroom is hosting meetings of the company’s board of directors, which is a group of individuals chosen by shareholders to lead the organization. During these meetings, key decisions concerning the company’s strategic direction, policy formulation, and major investments are taken. These meetings are typically conducted regularly and at least every business quarter.
Boardrooms should reflect the seriousness and formality of discussions that take place. They must also have the right infrastructure to facilitate efficient and effective communication, which includes audiovisual equipment such as large monitors and projectors, as well as video conferencing capabilities. Whiteboards can also be used for brainstorming as well as taking notes.
Meeting rooms are more informal than boardrooms, and can accommodate a variety gatherings. For instance, they could be used for meetings with departments, client presentations, or group project discussions. Meeting rooms can be used to host virtual meetings. This offers several advantages to board members including increased attendance and lower travel costs. Virtual boards permit quicker decision-making as they do not require everyone to be physically present to discuss and agree on a plan of action.