Governance Structure

The Rare Spirits Society governance structure will include a board of directors, an advisory board, and a Rare Rum Barrel Committee. The board of directors will provide oversight and strategic direction, the advisory board will provide industry expertise and guidance, and the Rare Rum Barrel Committee will provide advice and supervision of the Rare Rum Collection.

The governance structure of Rare Spirits Society will include a democratic voting system that allows members to have a say in the collection decisions made by the management team. Members can vote on which premium rum casks to acquire, sell, or bottle, from a pre-determined list of options (choices) proposed by the management team.

The voting system will be designed to be transparent and fair. The management team will provide regular updates on the opportunities and strategies and detailed information on each cask being considered for the collection. Members will then have the chance to vote on which casks to include in the collection, with the management team having a higher weight in the final decision-making process.

This approach ensures that members are actively engaged in the process and have shared responsibility for the Rare Rum Collection. It also allows the management team to benefit from the collective knowledge and expertise of the membership base, leading to better decisions.