boardroom

noun board·room \ ˈbȯrd-ˌrüm , -ˌru̇m \
Updated on: 12 Dec 2017

Definition of boardroom

: a room that is designated for meetings of a board

Examples of boardroom in a Sentence

  1. The directors are meeting in the boardroom.

Recent Examples of boardroom from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'boardroom.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of boardroom

1732


Financial Definition of BOARDROOM

boardroom

What It Is

A boardroom is a place in which a board of directors meets.

How It Works

A board of directors is a team of people elected by a corporation's shareholders to represent the shareholders' interests and ensure that the company's management acts on their behalf. The head of the board of directors is the chairman or chairperson of the board.

Directors attend board meetings, usually quarterly, in order to evaluate management performance, tend to major decisions (such as making acquisitions or selling the company), declare dividends, create stock-option policies (including approving grants to key managers) and establish executive compensation packages. These board meetings are held in the boardroom.

Why It Matters

Often, boardrooms are little more than conference rooms with big, long tables (to seat all the board members). However, they are sometimes the most important place to be when a company is deciding its future, struggling for it survival or plotting revenge against competitors. Board meetings are often confidential in nature, which means that only certain people are permitted in the boardroom during meetings.


BOARDROOM Defined for English Language Learners

boardroom

noun

Definition of boardroom for English Language Learners

  • : a room where the group of people who manage or direct a company or organization have meetings



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