The Collective is the governing body of The Beaver. Unlike many student newspapers all editors on The Beaver are elected rather than appointed. The Collective is the body that elects all individuals into office, and also has the powers to remove individuals from office. In addition to the above responsibility, the Collective's role is also to hold the elected editors to account. Meetings of the Collective are held regularly and editors are required to make reports and are questioned on their progress. While meetings sometimes turn quite acrimonious the Collective remains one of the institutions within the paper that all Beavers are extremely proud of.

Any LSE student who has contributed to three issues of the paper, be it through an article, photograph or production of the paper qualifies to become a member of the Collective. The Collective also elects a Chair who chairs meetings and sits on the paper's main decision body, the Editorial Board, to represent the interests of the Collective on the board. The Chair also puts together agendas for meetings and is the first person to contact should anyone have any complaints about the editors of the paper. The Chair also sits on the LSESU Media Group Complaints Panel. An additional responsibility of the Chair is to produce Collective Packs for all members which includes a copy of the paper's Constitution and other relevant information along with some goodies. The current chair of the Collective is Lucie Marie Goulet. She can be contacted at collectivechair@thebeaveronline.co.uk.