NZX Governance Explorer
NZXplorer
CompaniesPeopleScreenerCopilotPricing
Sign in

Platform

  • Companies
  • Screener
  • AI Copilot
  • Deep Research
  • Proxy Advisory
  • Alerts & Briefs
  • All Insights

For You

  • Investors
  • Fund Managers
  • Financial Advisers
  • Journalists
  • IR Teams
  • Institutions
  • IoD NZ Members
  • NZSA Members

Integrations

  • All Integrations
  • API Documentation
  • Excel Add-in
  • Google Sheets
  • Widgets & Embeds

Company

  • Pricing
  • Methodology
  • FAQ
  • Terms & Privacy
  • Disclaimer

Disclaimer: This website is for informational and research purposes only and does not constitute financial, investment, or professional advice. We are not a licensed financial adviser under the Financial Markets Conduct Act 2013 (New Zealand). Always consult with a registered financial adviser before making investment decisions. While we strive for accuracy, data may contain errors or omissions. See our Disclaimer for full details.

Not affiliated with NZX Limited: NZXplorer is an independent research platform and is not associated with, endorsed by, or affiliated with NZX Limited or any of its subsidiaries. All data is sourced from publicly available NZX announcements, company disclosures, and other public sources. NZX® is a registered trademark of NZX Limited.

Information on this site is drawn from publicly available disclosures and is presented for transparency of governance and institutional accountability. Figures relate to roles held within organisations and do not represent personal financial profiling.

Data sourced from NZX announcements, company disclosures, FMA Disclose Register, dividends.co.nz and other public sources • © 2026 NZXplorer
nzxplorer.co.nzhello@nzxplorer.co.nz

Chair vs CEO Communication Alignment

Comparing Language Intelligence Scores between board chairs and CEOs from AGM speeches

90
Companies Compared
347
Aligned Pairs
4
Moderate Divergence
23
Strong Divergence
5
Avg LIS Gap
53
Widest Gap

Notable Divergences

Chair-CEO pairs where LIS gap exceeds 10 points, which may suggest differing views on company outlook

CompanyYearChair LISCEO LISGapSentiment GapStatus
MFB
My Food Bag Group Limited
20212376530.74Strong Divergence
ERD
EROAD
20252375520.68Strong Divergence
IFT
Infratil Limited
20222375520.68Strong Divergence
AFT
AFT Pharmaceuticals Limited
2022237552

Most Aligned

Chair-CEO pairs with LIS gap under 5 points, indicating consistent messaging

CompanyYearChair LISCEO LISGapStatus
SPN
South Port New Zealand Limited
202369690Aligned
THL
Tourism Holdings Limited
202374740Aligned
NZX
NZX Limited
2024

Methodology

This analysis compares the Language Intelligence Score (LIS) of board chairs and CEOs from their AGM speeches at the same company in the same fiscal year. The LIS is a composite score (0-100) measuring sentiment, conviction, transparency, specificity, and forward-looking language.

What divergence may indicate: When the chair and CEO communicate with materially different levels of conviction, transparency, or sentiment, it may suggest differing perspectives on company performance or outlook. A widening gap over multiple years could indicate governance tension, while consistent alignment suggests a unified leadership message.

Thresholds:LIS gap under 10 points is classified as "Aligned", 10-20 as "Moderate Divergence", and above 20 as "Strong Divergence". These thresholds are analytical benchmarks and do not imply any judgment about the quality of governance.

Related Insights

Corporate Power Map

NZ Governance Power Index — top directors, board interlocks, auditor concentration, and multi-board analysis.

Director Network Graph

Interactive force-directed visualization of board interlocks across NZX, charities, iwi, and public sector.

Audit Independence

Auditor market concentration, tenure analysis, and director-auditor independence.

Disclaimer

Data sourced from NZX AGM speech analysis. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz.

For informational purposes only. Not investment advice.

Last updated: 30 March 2026.

0.68
Strong Divergence
BLT
BLIS Technologies Limited
20202375520.68Strong Divergence
SKO
Serko Limited
20192375520.72Strong Divergence
IFT
Infratil Limited
20232374510.68Strong Divergence
SML
Synlait Milk Limited
20192374510.68Strong Divergence
MFB
My Food Bag Group Limited
20227423510.68Strong Divergence
CNU
Chorus Limited
20247423510.68Strong Divergence
MCY
Mercury NZ Limited
20227423510.68Strong Divergence
VCT
Vector Limited
20212372490.65Strong Divergence
STU
Steel & Tube Holdings Limited
20232372490.58Strong Divergence
AFT
AFT Pharmaceuticals Limited
20212372490.62Strong Divergence
PYS
PaySauce Limited
20207223490.68Strong Divergence
SML
Synlait Milk Limited
20242370470.62Strong Divergence
BRW
Bremworth Limited
20192370470.58Strong Divergence
STU
Steel & Tube Holdings Limited
20252369460.35Strong Divergence
VCT
Vector Limited
20226923460.58Strong Divergence
GNE
Genesis Energy Limited
20246923460.52Strong Divergence
FRW
Freightways Group Limited
20232367440.38Strong Divergence
AIR
Air New Zealand
20202362390.15Strong Divergence
PCT
Precinct Properties New Zealand Limited
20254476320.42Strong Divergence
AIR
Air New Zealand
20196075150.19Moderate Divergence
TRU
TRUSCREEN GROUP LIMITED
20246276140.33Moderate Divergence
TRU
TRUSCREEN GROUP LIMITED
20236173120.33Moderate Divergence
GXH
Green Cross Health Limited
20206172110.13Moderate Divergence
73
73
0
Aligned
SKL
Skellerup Holdings Limited
202423230Aligned
FCG
Fonterra Co-operative Group Limited
202573730Aligned
SKT
Sky Network Television Limited
202423230Aligned
SUM
Summerset Group Holdings Limited
202474740Aligned
ANZ
ANZ Group Holdings Limited
202323230Aligned
ANZ
ANZ Group Holdings Limited
202423230Aligned
RBD
Restaurant Brands New Zealand Limited
202368680Aligned
RBD
Restaurant Brands New Zealand Limited
202467670Aligned
GMT
Goodman Property Trust
202374740Aligned
OCA
Oceania Healthcare Limited
202323230Aligned
OCA
Oceania Healthcare Limited
202423230Aligned
LIC
Livestock Improvement Corporation Limited
202374740Aligned
NPH
Napier Port Holdings Limited
202173730Aligned
SUM
Summerset Group Holdings Limited
202063630Aligned
VCT
Vector Limited
202569690Aligned
SUM
Summerset Group Holdings Limited
201974740Aligned
SEK
Seeka Limited
202067670Aligned
SEK
Seeka Limited
201974740Aligned
HLG
Hallenstein Glasson Holdings Limited
201969690Aligned
POT
Port of Tauranga Limited
201974740Aligned
AIA
Auckland International Airport Limited
201975750Aligned
LIC
Livestock Improvement Corporation Limited
202275750Aligned
GTK
Gentrack Group Limited
202275750Aligned
RAK
Rakon Limited
202069690Aligned
SPK
Spark New Zealand Limited
201975750Aligned
SKC
SkyCity Entertainment Group Limited
202164640Aligned
SKC
SkyCity Entertainment Group Limited
201974740Aligned
SKO
Serko Limited
202270700Aligned
BFG
Burger Fuel Group Limited
202258580Aligned
BFG
Burger Fuel Group Limited
202159590Aligned
AGL
Accordant Group Limited
201965650Aligned
VNT
Ventia Services Group Limited
202274740Aligned
MEL
Meridian Energy Limited
202472720Aligned
MCY
Mercury NZ Limited
202570700Aligned
MCY
Mercury NZ Limited
202474740Aligned
FBU
Fletcher Building
202564640Aligned
GNE
Genesis Energy Limited
202375750Aligned
PCT
Precinct Properties New Zealand Limited
202374740Aligned
CEN
Contact Energy Limited
202274740Aligned
CEN
Contact Energy Limited
202173730Aligned
RYM
Ryman Healthcare Limited
202072720Aligned
DOW
Downer EDI Limited
202573741Aligned
VSL
Vulcan Steel Limited
202465661Aligned
TAH
Third Age Health Services Limited
202476751Aligned
TAH
Third Age Health Services Limited
202574731Aligned
NZM
NZME Limited
202570711Aligned
NZX
NZX Limited
202371721Aligned
THL
Tourism Holdings Limited
202461621Aligned
NPH
Napier Port Holdings Limited
202370711Aligned
NPH
Napier Port Holdings Limited
202475741Aligned
RAK
Rakon Limited
202372731Aligned
VNT
Ventia Services Group Limited
202475761Aligned
WBC
Westpac Banking Corporation
202370711Aligned
WBC
Westpac Banking Corporation
202574731Aligned
SUM
Summerset Group Holdings Limited
202274731Aligned
MFB
My Food Bag Group Limited
202471721Aligned
MFB
My Food Bag Group Limited
202369701Aligned
ERD
EROAD
202474731Aligned
ERD
EROAD
202071701Aligned
ERD
EROAD
201974751Aligned
VCT
Vector Limited
202371701Aligned
NPH
Napier Port Holdings Limited
202574731Aligned
SEK
Seeka Limited
202175741Aligned
VGL
Vista Group International Limited
202374751Aligned
VGL
Vista Group International Limited
202572731Aligned
AIA
Auckland International Airport Limited
202375761Aligned
NZK
New Zealand King Salmon Investments Limited
202471701Aligned
DGL
Delegat Group Limited
202572731Aligned
WHS
The Warehouse Group Limited
202464651Aligned
TRA
Turners Automotive Group
202475741Aligned
GMT
Goodman Property Trust
202173741Aligned
SML
Synlait Milk Limited
202070711Aligned
GEN
General Capital Limited
202572731Aligned
DGL
Delegat Group Limited
202076771Aligned
WHS
The Warehouse Group Limited
202271721Aligned
LIC
Livestock Improvement Corporation Limited
202175761Aligned
ATM
The a2 Milk Company Limited
202273721Aligned
ATM
The a2 Milk Company Limited
201974751Aligned
KPG
Kiwi Property
202067681Aligned
SKT
Sky Network Television Limited
202270711Aligned
SKT
Sky Network Television Limited
201970711Aligned
NZK
New Zealand King Salmon Investments Limited
202070711Aligned
THL
Tourism Holdings Limited
202166671Aligned
NZX
NZX Limited
202175761Aligned
THL
Tourism Holdings Limited
201967681Aligned
POT
Port of Tauranga Limited
202074751Aligned
LIC
Livestock Improvement Corporation Limited
202074751Aligned
NZX
NZX Limited
202068691Aligned
NZX
NZX Limited
201975761Aligned
STU
Steel & Tube Holdings Limited
201968671Aligned
SCL
Scales Corporation Limited
202269701Aligned
TRA
Turners Automotive Group
202174751Aligned
RAK
Rakon Limited
202275761Aligned
VCT
Vector Limited
201972731Aligned
VGL
Vista Group International Limited
202273741Aligned
VGL
Vista Group International Limited
202070711Aligned
IKE
ikeGPS Group Limited
202172731Aligned
SKL
Skellerup Holdings Limited
202276771Aligned
SKL
Skellerup Holdings Limited
202175741Aligned
BRW
Bremworth Limited
202073721Aligned
AGL
Accordant Group Limited
202170711Aligned
SKO
Serko Limited
202169701Aligned
BFG
Burger Fuel Group Limited
201964651Aligned
AOF
AoFrio Limited
202068691Aligned
PYS
PaySauce Limited
202169681Aligned
PYS
PaySauce Limited
201973741Aligned
CHI
Channel Infrastructure NZ Limited
201973721Aligned
SVR
Savor Limited
202174751Aligned
2CC
2 Cheap Cars Group Limited
202171721Aligned
RUA
Rua Bioscience Limited
202173741Aligned
RAD
Radius Residential Care Limited
202276751Aligned
PFI
Property for Industry Limited
202070711Aligned
PEB
Pacific Edge Limited
201969701Aligned
MCY
Mercury NZ Limited
202374731Aligned
CEN
Contact Energy Limited
202574751Aligned
CNU
Chorus Limited
202575741Aligned
GNE
Genesis Energy Limited
202575761Aligned
MEL
Meridian Energy Limited
202070711Aligned
ATM
The a2 Milk Company Limited
202471732Aligned
FSF
Fonterra Shareholders' Fund
202577752Aligned
ATM
The a2 Milk Company Limited
202574762Aligned
SCL
Scales Corporation Limited
202575772Aligned
SEK
Seeka Limited
202464662Aligned
SUM
Summerset Group Holdings Limited
202372702Aligned
NZM
NZME Limited
202368702Aligned
VNT
Ventia Services Group Limited
202374762Aligned
WBC
Westpac Banking Corporation
202472742Aligned
TWL
TradeWindow Holdings Limited
202474762Aligned
IFT
Infratil Limited
202473752Aligned
BPG
Black Pearl Group Limited
202474762Aligned
LIC
Livestock Improvement Corporation Limited
202472742Aligned
RYM
Ryman Healthcare Limited
201973752Aligned
SUM
Summerset Group Holdings Limited
202174762Aligned
GMT
Goodman Property Trust
202273752Aligned
AIA
Auckland International Airport Limited
202475772Aligned
AIA
Auckland International Airport Limited
202575772Aligned
AFT
AFT Pharmaceuticals Limited
202571732Aligned
NZK
New Zealand King Salmon Investments Limited
202569672Aligned
DGL
Delegat Group Limited
202474762Aligned
WHS
The Warehouse Group Limited
202571692Aligned
TRA
Turners Automotive Group
202573712Aligned
TRA
Turners Automotive Group
202373712Aligned
HLG
Hallenstein Glasson Holdings Limited
202269712Aligned
HLG
Hallenstein Glasson Holdings Limited
202171692Aligned
GMT
Goodman Property Trust
201972742Aligned
DGL
Delegat Group Limited
202175732Aligned
DGL
Delegat Group Limited
201975772Aligned
SML
Synlait Milk Limited
202274762Aligned
NZM
NZME Limited
202273752Aligned
ALF
Allied Farmers Limited
202169672Aligned
SCT
Scott Technology Limited
202273712Aligned
KPG
Kiwi Property
202170682Aligned
NZM
NZME Limited
202173752Aligned
FCG
Fonterra Co-operative Group Limited
201972702Aligned
NZM
NZME Limited
202070682Aligned
KPG
Kiwi Property
201975772Aligned
FSF
Fonterra Shareholders' Fund
201972702Aligned
CMO
The Colonial Motor Company Limited
202268702Aligned
SPN
South Port New Zealand Limited
202175772Aligned
THL
Tourism Holdings Limited
202270722Aligned
EBO
EBOS Group Limited
202273752Aligned
EBO
EBOS Group Limited
201972742Aligned
AIA
Auckland International Airport Limited
202270722Aligned
NZK
New Zealand King Salmon Investments Limited
201970722Aligned
LIC
Livestock Improvement Corporation Limited
201972742Aligned
STU
Steel & Tube Holdings Limited
202173712Aligned
TRA
Turners Automotive Group
202274722Aligned
TRA
Turners Automotive Group
201976742Aligned
MPG
Metro Performance Glass
202166682Aligned
SCL
Scales Corporation Limited
202168662Aligned
TRA
Turners Automotive Group
202072742Aligned
BLT
BLIS Technologies Limited
202267652Aligned
IKE
ikeGPS Group Limited
201973752Aligned
MOV
MOVE Logistics Group Limited
201968702Aligned
TWR
Tower Limited
202267692Aligned
TWR
Tower Limited
202173752Aligned
BGP
Briscoe Group Limited
202173752Aligned
ARG
Argosy Property Limited
202271732Aligned
PGW
PGG Wrightson Limited
202175732Aligned
PGW
PGG Wrightson Limited
201971692Aligned
CHI
Channel Infrastructure NZ Limited
202066682Aligned
TAH
Third Age Health Services Limited
202173712Aligned
MFT
Mainfreight Limited
202468702Aligned
FBU
Fletcher Building
202369712Aligned
MEL
Meridian Energy Limited
202274762Aligned
MEL
Meridian Energy Limited
201976742Aligned
MCY
Mercury NZ Limited
201973752Aligned
DOW
Downer EDI Limited
202366693Aligned
RBD
Restaurant Brands New Zealand Limited
202569723Aligned
SCL
Scales Corporation Limited
202370733Aligned
RUA
Rua Bioscience Limited
202471743Aligned
SCL
Scales Corporation Limited
202470733Aligned
NZX
NZX Limited
202574773Aligned
SEK
Seeka Limited
202365683Aligned
VNT
Ventia Services Group Limited
202573763Aligned
BLT
BLIS Technologies Limited
202475783Aligned
IFT
Infratil Limited
202568713Aligned
KPG
Kiwi Property
202368713Aligned
SAN
Sanford Limited
202370733Aligned
RYM
Ryman Healthcare Limited
202363663Aligned
STU
Steel & Tube Holdings Limited
202465683Aligned
VCT
Vector Limited
202468713Aligned
VGL
Vista Group International Limited
202474773Aligned
EBO
EBOS Group Limited
202374773Aligned
EBO
EBOS Group Limited
202572753Aligned
NZK
New Zealand King Salmon Investments Limited
202369723Aligned
SEK
Seeka Limited
202276733Aligned
DGL
Delegat Group Limited
202373763Aligned
HLG
Hallenstein Glasson Holdings Limited
202066693Aligned
DGL
Delegat Group Limited
202273763Aligned
ALF
Allied Farmers Limited
202069663Aligned
FCG
Fonterra Co-operative Group Limited
202172753Aligned
FSF
Fonterra Shareholders' Fund
202172753Aligned
NZK
New Zealand King Salmon Investments Limited
202267643Aligned
NZK
New Zealand King Salmon Investments Limited
202165683Aligned
NZX
NZX Limited
202271743Aligned
SPN
South Port New Zealand Limited
202271683Aligned
EBO
EBOS Group Limited
202171743Aligned
EBO
EBOS Group Limited
202074773Aligned
AIA
Auckland International Airport Limited
202167703Aligned
AIA
Auckland International Airport Limited
202064673Aligned
STU
Steel & Tube Holdings Limited
202273763Aligned
GEN
General Capital Limited
201973703Aligned
GEN
General Capital Limited
202271743Aligned
MPG
Metro Performance Glass
202066693Aligned
RAK
Rakon Limited
201969723Aligned
SCL
Scales Corporation Limited
202071743Aligned
VCT
Vector Limited
202068713Aligned
BLT
BLIS Technologies Limited
202174713Aligned
VGL
Vista Group International Limited
202172753Aligned
MEE
Me Today Limited
202072753Aligned
BRW
Bremworth Limited
202273763Aligned
SPK
Spark New Zealand Limited
202172753Aligned
SPK
Spark New Zealand Limited
202068713Aligned
SKC
SkyCity Entertainment Group Limited
202064613Aligned
TWR
Tower Limited
202072753Aligned
GXH
Green Cross Health Limited
202273763Aligned
AOF
AoFrio Limited
202270733Aligned
AIR
Air New Zealand
202271743Aligned
KMD
KMD Brands Limited
202172753Aligned
RUA
Rua Bioscience Limited
202270733Aligned
MHJ
Michael Hill International Limited
201967703Aligned
TAH
Third Age Health Services Limited
202272753Aligned
VSL
Vulcan Steel Limited
202272753Aligned
PFI
Property for Industry Limited
202176793Aligned
MEL
Meridian Energy Limited
202371743Aligned
CEN
Contact Energy Limited
202372753Aligned
MEL
Meridian Energy Limited
202168713Aligned
FRW
Freightways Group Limited
202573703Aligned
PCT
Precinct Properties New Zealand Limited
202472753Aligned
MCY
Mercury NZ Limited
202170673Aligned
MCY
Mercury NZ Limited
202070673Aligned
CEN
Contact Energy Limited
202069723Aligned
DOW
Downer EDI Limited
202471754Aligned
VSL
Vulcan Steel Limited
202366704Aligned
SPN
South Port New Zealand Limited
202578744Aligned
FCG
Fonterra Co-operative Group Limited
202470744Aligned
RAK
Rakon Limited
202469734Aligned
MPG
Metro Performance Glass
202570744Aligned
SUM
Summerset Group Holdings Limited
202572764Aligned
NZM
NZME Limited
202466704Aligned
RYM
Ryman Healthcare Limited
202168724Aligned
LIC
Livestock Improvement Corporation Limited
202573774Aligned
ERD
EROAD
202370744Aligned
EBO
EBOS Group Limited
202471754Aligned
GMT
Goodman Property Trust
202069734Aligned
SAN
Sanford Limited
202267714Aligned
SCT
Scott Technology Limited
202173774Aligned
ATM
The a2 Milk Company Limited
202160644Aligned
KPG
Kiwi Property
202271754Aligned
NZM
NZME Limited
201972684Aligned
POT
Port of Tauranga Limited
202269734Aligned
AFT
AFT Pharmaceuticals Limited
201975714Aligned
DOW
Downer EDI Limited
202171754Aligned
DOW
Downer EDI Limited
202266704Aligned
MPG
Metro Performance Glass
202259634Aligned
NPH
Napier Port Holdings Limited
202272684Aligned
SCL
Scales Corporation Limited
201972764Aligned
NPH
Napier Port Holdings Limited
201973774Aligned
MPG
Metro Performance Glass
201965694Aligned
AFT
AFT Pharmaceuticals Limited
202077734Aligned
BLT
BLIS Technologies Limited
201973774Aligned
VGL
Vista Group International Limited
201974784Aligned
SCT
Scott Technology Limited
201967714Aligned
BRW
Bremworth Limited
202171754Aligned
MOV
MOVE Logistics Group Limited
202065694Aligned
BFG
Burger Fuel Group Limited
202056604Aligned
GXH
Green Cross Health Limited
202168724Aligned
BGP
Briscoe Group Limited
202270744Aligned
BGP
Briscoe Group Limited
202070744Aligned
ARG
Argosy Property Limited
202073694Aligned
TWL
TradeWindow Holdings Limited
202271754Aligned
PFI
Property for Industry Limited
202273774Aligned
PYS
PaySauce Limited
202272764Aligned
SVR
Savor Limited
201974704Aligned
MEL
Meridian Energy Limited
202567714Aligned
CEN
Contact Energy Limited
202473774Aligned
MFT
Mainfreight Limited
202272764Aligned
CEN
Contact Energy Limited
201974704Aligned