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.