Ensuring Accountability, Integrity, and Long‑Term Stewardship

At Mackersy Property, strong governance is fundamental to delivering on Our Why - growing wealth and financial freedom for our investors and their families, improving the quality of our built and future environments, and creating better communities and opportunities for our people.

Good governance supports our syndicate boards and the board of Mackersy Property to make decisions with clarity, accountability, and integrity. It underpins the trust our investors place in us and supports the long‑term performance and resilience of our business.

Our Governance Approach

Mackersy Property is committed to governance practices that reflect professionalism, transparency, and responsible stewardship. Our approach is guided by:

Clear decision‑making frameworks
Strong oversight and accountability
Ethical conduct and responsible leadership
Transparent communication with investors
Continuous improvement and alignment with industry best practice

This framework ensures that our governance structures support sustainable growth, protect investor interests, and uphold the values that define our business.

Responsibilities of Directors

Directors at Mackersy Property are responsible for providing strategic leadership, overseeing risk, ensuring compliance with legal and regulatory obligations, and acting in the best interests of investors and stakeholders. They are expected to uphold the highest standards of integrity, exercise sound judgement, and contribute to a culture of accountability and transparency.

In New Zealand, company directors’ duties are governed by the Companies Act 1993, with key provisions recently enhanced to reflect modern governance, including ESG responsibilities, and further reforms are underway.

Director Responsibilities Under the Companies Act 1993

Under Section 131, directors must:

Act in good faith and in the best interests of the company.
Exercise care, diligence, and skill, akin to what a reasonable director would apply (Section 137).
Use their powers for proper purposes (Section 133).
Avoid reckless trading - i.e., not exposing creditors to serious loss (Section 135).
Ensure obligations are only incurred when the company can reasonably meet them (Section 136).
Disclose conflicts; comply with the Act and constitution; and not misuse company information or opportunities.

On 8 August 2023, the Companies (Directors’ Duties) Amendment Act 2023 amended Section 131to include ESG considerations. It now clarifies:

“To avoid doubt, in considering the best interests of a company or holding company … a director may consider matters other than the maximisation of profit (for example, environmental, social, and governance matters).”

It aligns NZ with other jurisdictions, reinforcing that decision-making can embrace a broader range of stakeholder interests.

Upcoming reforms aim to strengthen director identity verification, modernise governance, and deepen scrutiny of duty enforcement, especially for insolvency and creditor protection.

Governance Best Practice

Our governance philosophy aligns with recognised best‑practice principles, including guidance from the Institute of Directors (IoD) and other industry bodies.

Key Principles of Best‑Practice Governance

Clarity of purpose and strategy: Boards and leadership teams should have a shared understanding of organisational purpose, long‑term goals, and strategic priorities.
Effective risk management: Identifying, assessing, and managing risk is essential to protecting investor interests and ensuring business resilience.
Strong ethical leadership: Directors and executives must model integrity, fairness, and responsible decision‑making.
Accountability and transparency: Clear reporting, open communication, and robust oversight processes build trust and confidence.
Board composition and capability: A diverse mix of skills, experience, and perspectives strengthens governance quality and decision‑making.
Continuous improvement: Regular evaluation of governance processes ensures they remain fit for purpose and aligned with evolving expectations.

Our Commitment to Continuous Improvement

Governance is not static - it evolves as our business grows, regulations change, and investor expectations shift. Mackersy Property is committed to ongoing refinement of our governance practices to ensure they remain robust, contemporary, and aligned with our values.

This includes:

Regular review of governance frameworks
Ongoing director development and training
Adoption of emerging best‑practice standards
Strengthening risk and compliance systems
Ensuring governance supports long‑term sustainability and performance