In the age of collaboration, companies frequently have designated rooms for discussions and meetings. Conference rooms and board rooms are among the most popular choices. Despite their similar functionality they differ in terms, design, and atmosphere. Understanding their differences helps businesses maximize the use of these important assets.

The primary function of a boardroom is hosting meetings of the company’s board of directors, a group of individuals who are elected by shareholders to lead the company. These meetings are where key decisions regarding the company’s strategic direction and policy formulation as well as major investments are taken. These meetings are typically conducted regularly and at least every business quarter.

Boardrooms should reflect the seriousness and formality of the discussions that are held. They should also be equipped with the appropriate infrastructure for effective communication, such as audiovisual equipment, like large screens, video conferencing, and projectors. Additionally, whiteboards are frequently available to aid in taking notes and brainstorming.

As opposed to boardrooms meetings rooms are more informal, and are designed to host a variety of different types of meetings. For example, they can be used for departmental meetings and presentations to clients, or group project discussions. Meeting rooms can be used to host virtual meetings. This offers several advantages for board members such as increased attendance and reduced travel costs. Virtual boards allow for faster decision-making, as they do not www.boardroomfoundation.com/how-to-choose-a-fair-vdr-pricing-model/ require everyone to be physically present in order to discuss and agree on a set of actions.