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The Hive at de bees

Governance and people

The Hive team spent a lot of time consulting with the community, with experts, with entrepreneurs and with top professionals before chosing the legal form of the organisation - the result was a Community Benefit Society. They have opted to Asset Lock the Society so that there is no incentive for any future shareholder members of the Society to sell off the valuable community asset. This means that it will, all the time it continues to trade profitably, remain a public house and asset to the community for ever.

The Society

The members of the Society own the business and each member has one vote. You will have not only a say in the running of the business but may also share in its fortunes. That doesn’t mean you get to say how the pub is run day to day, but you are in control of the strategic direction of the Society. You choose a team of Directors to oversee the management who will appoint a general manager. The Hive don’t want to communicate with members just once a year at an AGM - there will be regular newsletters, quarterly members meetings, a Facebook page and website.

Being a Community Benefit Society ensures as wide an ownership as possible, so no big fish can come along and change the nature of the business. The share offer is designed to be a longer term, interest-paying community investment, but there is the ability to withdraw your share capital from the Society if you want to free up your money after a period of time. For the first three years, the right to withdraw your shares is restricted, but after that you can withdraw your shares on three months’ notice.

The Board

The strategic direction of the venue will be overseen by the elected board which has been speciically set up for this purpose.  Board membership has been established from a broad range of people from the community.   The members will elect a Board of Directors at its Annual General Meeting.

Board members are selected to the finance committee.  Members are engaged in strategic planning at regular member meetings, with some members working alongside the board on working groups, marketing and promotion and fundraising.

Directors

Directors' remuneration

None of the directors are paid for their role as Directors

Directors' holdings

The directors are all members of the Society.

Employee satisfaction

The Hive does not currently monitor employee satisfaction

Conflicts of Interest

Damon Horrill and Alice Johnson are both a Director of the Co-operative CI (WV).  CI (WV) is contracted to provide the day to day management of the bar at The Hive.

Diversity

4 of 13 directors are female

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