Disclaimer
Important information about using NZX Governance Explorer
Not Financial or Investment Advice
The information provided on NZX Governance Explorer is for informational and research purposes only. It does not constitute financial, investment, legal, tax, or professional advice of any kind.
- We are not a licensed financial adviser under the Financial Markets Conduct Act 2013 (New Zealand)
- Nothing on this website should be construed as a recommendation to buy, sell, or hold any securities
- Our governance scores, analytics, and "Pay for Failure" detection are analytical tools, not investment recommendations
- Past performance and governance metrics do not guarantee future results
Before Making Investment Decisions:
- Always conduct your own thorough due diligence and research
- Consult with a registered financial adviser who understands your personal circumstances
- Consider your investment objectives, financial situation, and risk tolerance
- Read company prospectuses, financial statements, and official disclosures
- Understand that all investments carry risk, including potential loss of capital
Data Accuracy and Limitations
While we strive for accuracy, the data on this website may contain errors, omissions, or inaccuracies.
We make no representations or warranties regarding the accuracy, completeness, reliability, or timeliness of the information displayed on this website.
Known Limitations
- Automated Extraction: Data is extracted from PDF documents using AI-powered tools. Complex layouts, formatting issues, or unusual document structures may cause extraction errors.
- Source Document Errors: If original company disclosures or NZX announcements contain errors, those errors will be reflected in our database.
- Data Completeness: Historical data may be incomplete or missing. Not all companies have comprehensive historical governance records available.
- Update Delays: There may be delays between when companies make announcements and when that information appears on our website.
- Calculated Metrics: Governance scores, performance metrics, and analytics are calculated based on available data using defined methodologies. Results depend on data quality and completeness.
- Context Limitations: Our analysis may not capture full context, including industry-specific factors, market conditions, or company-specific circumstances.
Always Verify Critical Information
Users should always verify critical information against original source documents. We provide links to source NZX announcements and company disclosures for this purpose.
Data Sources and Attribution
All data on NZX Governance Explorer is sourced from publicly available information, including:
- NZX market announcements and company disclosures
- Annual General Meeting (AGM) notices and results
- Annual reports and financial statements
- Special meeting announcements and outcomes
- Company websites and investor relations materials
- dividends.co.nz and other publicly available data sources
We do not claim ownership of the underlying public data. Our compilation, analysis, and presentation of this data is what provides value to users.
Pay for Failure Detection Disclaimer
Our "Pay for Failure" detection system is an analytical tool designed to promote transparency and accountability. However, users should understand the following:
- Context Matters: Red flags may not account for legitimate reasons for compensation increases, such as expanded responsibilities, board committee changes, or partial-year appointments.
- Market Conditions: Analysis does not account for broader market downturns or industry-specific challenges beyond a company's control.
- Data Dependency: Results are only as accurate as the underlying director remuneration and stock price data.
- Not Conclusive: A red flag indicates a pattern worth investigating further, not a definitive judgment of poor governance.
See our Methodology page for full details on how Pay for Failure is calculated.
Governance Scores and Metrics
Our governance scores (Company Data Quality Score, Director Profile Quality Score, etc.) are calculated using defined methodologies based on available data. These scores:
- Measure data completeness and availability, not company quality or investment merit
- Are dependent on data availability and may change as more information is added
- Should not be used as the sole basis for investment or business decisions
- May not capture all relevant factors for evaluating governance quality
No Warranty
The website and all information, content, materials, and services are provided "as is" and "as available" without any warranties of any kind, either express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, or non-infringement.
We do not warrant that the website will be uninterrupted, error-free, or free from viruses or other harmful components.
Limitation of Liability
To the maximum extent permitted by law, NZX Governance Explorer and its operators shall not be liable for:
- Any investment losses or financial decisions made based on information from this website
- Any errors, inaccuracies, or omissions in website content or data
- Any direct, indirect, incidental, special, consequential, or punitive damages
- Any loss of profits, revenue, data, or business opportunities
- Any interruption or unavailability of the website or its services
Changes to Information
Information on this website may be updated, corrected, or removed at any time without notice. We are under no obligation to update information or correct errors, although we strive to maintain accuracy.
Historical data snapshots may change as errors are corrected or new information becomes available.
Reporting Errors and Providing Feedback
We welcome user feedback and error reports. If you identify any inaccuracies, errors, or issues with the data on this website, please contact us at:
NZX Governance Explorer
Email: hello@nzxplorer.co.nz
Website: nzxplorer.co.nz
When reporting errors, please include:
- The company name and/or director name
- The specific data point or page with the error
- What you believe the correct information should be
- Source reference if available (e.g., NZX announcement number)
Jurisdiction and Compliance
NZX Governance Explorer operates under New Zealand law. The website is intended primarily for users in New Zealand, although it may be accessed internationally.
We are not regulated by the Financial Markets Authority (FMA) as we do not provide financial advice or offer financial services. Our website is purely informational and analytical in nature.
Users in other jurisdictions should ensure their use of this website complies with their local laws and regulations.
Acceptance of Terms
By using NZX Governance Explorer, you acknowledge that you have read, understood, and agree to this Disclaimer, as well as our Terms and Conditions and Privacy Policy.
If you do not agree with any part of this Disclaimer, please do not use the website.
Last updated: 4 December 2025