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The Objectives list provides an area to list the purpose of the meeting and what you want to accomplish during the meeting. This ensures that attendees know what to expect and can come prepared. It is also helpful for those who didn't attend the meeting but might be looking at the workspace site later. It provides a context for related information they are viewing on the site, such as action items and decisions.
The Objectives list Web Part is displayed by default on the home page in the following meeting templates: Basic Meeting, Decision Making, and Multipage.