Council of 13

The Council of 13 represents a unique and vital component of the governance and strategic oversight of Hive Holdings LLC. As custodians of the 13 pillars of society, the Council ensures that the fund's activities align with the highest standards of integrity, ethics, and societal benefit. The payment of a management fee to the Council of 13, equivalent to 1% of the Assets Under Management (AUM) of Hive Holdings LLC, is designed to support and sustain the Council's roles and responsibilities, ensuring the fund operates within a framework that honors these core principles.

Roles and Responsibilities of the Council of 13

The Council of 13 is composed of highly esteemed members, each responsible for one of the 13 pillars that represent the foundational aspects of a thriving society. Each vertical within the Council is dedicated to upholding the highest standards within its domain, ensuring that the Private Equity Fund's investments and operations contribute positively to the broader community. Below is an overview of the roles, responsibilities, and objectives associated with the Council of 13.

  1. Health & Wellness
  2. Education
  3. Economy
  4. GOD
  5. Treasury
  6. Environment
  7. Infrastructure
  8. Community & Social Connectivity
  9. Science & Technology
  10. Arts & Culture
  11. Faith & Spirit
  12. Law & Justice
  13. Governance

Secondary Roles: Mediation and Dispute Resolution

Beyond their primary responsibilities, the Council of 13 also serves as a mediating body when disputes arise within the fund's operations or among its participants. This function is critical in maintaining harmony and resolving conflicts before they escalate to formal legal proceedings. The Council’s mediation process is respected and agreed upon by all participants, reflecting their commitment to resolving issues in a manner that aligns with the fund's core values.

Strategic Purpose of the Management Fee

The management fee paid to the Council of 13 is not just a financial transaction; it is an investment in the integrity and sustainability of Hive Holdings LLC. By allocating 1% of the AUM to the Council, the fund ensures that the Council members have the resources they need to perform their duties effectively, including their role in mediation and dispute resolution.

This fee supports the ongoing evaluation and oversight of the fund’s activities, ensuring that every decision made aligns with the principles embodied in the 13 pillars. The Council’s work is essential in guiding the fund towards investments that are not only profitable but also contribute positively to society, the environment, and the ARKipelago of communities.

Conclusion

The Council of 13 plays a pivotal role in the governance and strategic direction of Hive Holdings LLC. By paying the management fee, the fund empowers the Council to uphold the highest standards of integrity, ensure alignment with societal values, and provide essential mediation services. This structure not only enhances the fund’s operational efficiency but also reinforces its commitment to creating a positive impact on the world through responsible and ethical investing.


7 products

7 products