Salon N-1: the room where the board signs the dividend and the director kit lands before the minutes
Salon N-1 sits inside one of the corporate board complexes in the Polanco-Bosques corridor of Mexico City: an oval table seating eleven directors in leather executive chairs, a central screen for results presentations, the corporate secretary's lectern, an adjoining deliberation room with six seats, a holding foyer for working coffee, a dumbwaiter from the corporate kitchen, and an independent access door for the notary public. This is where the quarterly board sessions of BMV-listed issuers run, where the boards of dual-listed industrial groups meet, where the boards of CNBV-supervised banks deliberate, and where the patronatos of the major educational foundations convene. What separates Salon N-1 from a posh ballroom is the documentary chain of custody: the director kit has to land before the notary, exit signed by each board member at close, and let the minutes be notarised without the merch disrupting the order of the day.