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Governance and Company Transparancy

General Governance Statement

The Mortgage Lab NZ Limited (trading as The Mortgage Lab) is a for-profit business. The company was founded on 1st March 2017 using a company that was formed on 24th November 1999 and had ceased trading. Rupert Gough, the company’s sole founder was issued 1 share with the remaining being held in Trust.

On 27th September 2017, in an action deemed to be consistent with and likely to promote the public benefit of the company, Jeffrey Page was appointed as c0-Director of the company and on 1st October 2017, Kepa Financial Investments Limited was issued a further 333 shares for a total of 25% of the company.  On 6th August 2018, Brendon Neal replaced Jeffrey Page as co-Director of The Mortgage Lab NZ Limited.

On 1st September 2020, in an action deemed to be consistent with and likely to promote the public benefit of the company, shares hold by Kepa Financial Investments Limited totalling 25% of the company were sold to a private investor. Brendon Neal was removed as Director from the company leaving sole Directorship with Rupert Gough.

Statement of Beneficial Ownership

Effective October 1st 2017, The Mortgage Lab NZ Limited has 1,333 shares outstanding. Rupert Gough, CEO, founder, and director, a NZ citizen, owns 1 share. Kepa Financial Investments Limited owns 333 shares. The Gough Family Trust owned the remaining 999 shares.

On 14th January 2021, shares held by The Gough Family Trust were transferred to The Munro Gough Family Trust.  Any changes to the ownership of the company will be made available on the companies office website and updated there.

Board of Directors

The company currently does not have a Board of Directors.  The Mortgage Lab NZ Limited plans to form an Advisory Board in 2022/2023.

Why is this Governance Statement important?

The Mortgage Lab is working towards becoming a Certified B Corporation and believes transparency and accountability are important in business.  We encourage all businesses to do the same.

Governance statements and, therefore, transparency is one of the most effective ways to curb illegal or unethical business practices and protect human rights.