That kind of medallion on a ribbon/sash is usually a medal of office, such as a chairman, club captain, etc. The object at the back of the table, upon closer inspection, is curved in the middle and flattens out at either end with a light-coloured 'handle' on the right. There is a gap below the curve but, if you look to the left, the standing man's leg is obscured by something rectangular and flat, which appears to be attached to the curved part. The lighter 'handle' is matched with a glint of something on the left-hand side of the curve - so I suspect it is ornamental, brass perhaps. Could it be a picture, plaque, coat-of-arms or somesuch commemorating the "openin"?