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The boardroom is where most important meetings and discussions are held. It is where crucial decisions that affect all employees in the company are made. It is where decisions are taken to help a company grow and expand. The boardroom is a symbol of power and success. It conjures images of dark high ceilings of wood where aristocratic men are seated and deciding on the policies of their companies and prices to monopolize their market and create opportunities.
The term boardroom can also refer to the conference room that is utilized by members of a Board of Directors for their meetings. Usually, these spaces feature a large table which can accommodate 20 people comfortably and is situated in a setting that promotes privacy. The space is usually equipped with the most recent presentation technology and video conference software. The typical meeting will have the U shape or «horseshoe» seating arrangement, which allows participants to be to sit on two sides of the table, and at one end. This allows everyone to see presentations or other material.
In these meetings, the board will be discussing the most pressing issues that confront the company. It is the duty of the board to decide how to deal with these issues and to meet the company’s objectives, which are set by the shareholders. The board is responsible for deciding on such issues as hiring and firing employees as well as company expansion, dividend and option policies and many more. The frequency of these meetings will be contingent on the size of the company.