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The boardroom is an location where those who supervise operations and management of a company meet. Shareholders elect board members and make them accountable for their decisions. They are tasked with solving the most pressing issues that the company faces, while also acting as fiduciaries on behalf of investors. The issues that fall under their authority include hiring and firing senior staff and setting broad goals for the company, assisting executive duties, and making sure the company has enough, efficient resources at its disposal.
The term can be a reference to a meeting space, a conference room or any other space where an individual group holds discussions on important business issues. These meetings also include presentations and other material that aids in the decision-making process. These meetings are usually held in a separate room from the rest of your office, to avoid distractions and protect your privacy.
These rooms may also be outfitted with tables that are large enough and seats that can accommodate all of the individuals present for these important discussions. They can also be outfitted with video conferencing equipment for board meetings that are held remotely. The boardroom is a place where decisions are made which can have significant consequences for everyone involved from employees to shareholders who own shares of a company. The decisions made can affect everything from the way a company runs its operations to its bottom line and, in some cases, even the entire economy.