Get NZX governance insights in your inbox
Weekly digest of board changes, insider trades, and market signals. No spam. Unsubscribe anytime.
Get NZX governance insights in your inbox
Weekly digest of board changes, insider trades, and market signals. No spam. Unsubscribe anytime.
Composite 0-100 risk score aggregating litigation, regulatory actions, governance, accounting quality, and audit independence
| Sector | Companies | Avg Score | High/Critical | Distribution |
|---|---|---|---|---|
| Energy | 1 | 24 | 0 | |
| Information Technology | 8 | 19 | 0 | |
| Materials | 9 | 19 | 0 | |
| Utilities | 8 | 18 | 0 | |
| Real Estate | 15 | 17 | 0 | |
| Financials | 22 | 16 | 0 | |
| Healthcare | 12 | 16 | 0 | |
| Consumer Discretionary | 15 | 15 | 0 | |
| Industrials | 23 | 15 | 0 | |
| Consumer Staples | 14 | 15 | 0 | |
| Communication Services | 4 | 14 | 0 |
Sorted by composite risk score (highest risk first). Score range: 0 (lowest risk) to 100 (highest risk).
| Ticker | Company | Sector | Score | Rating | Lit | Reg | Gov | Fin | Top Signals |
|---|---|---|---|---|---|---|---|---|---|
| BIF | Booster Innovation Fund | Financials | 33 | Moderate | 0 | 0 | 50 | 100 | Governance data unavailable — using neutral default; F-score indicates weak fundamentals |
The Corporate Risk Score aggregates 6 risk dimensions into a single 0-100 composite score. Higher scores indicate more risk signals detected. Scores are computed on-the-fly from the latest available data.
See also: Accounting Quality — M-score, Z-score, F-score analysis. · Regulatory Enforcement — FMA and regulatory actions database. · Court Litigation — court cases linked to NZX issuers. · Audit Independence — non-audit fee ratios and auditor changes.
Track FMA, Commerce Commission, and NZX enforcement actions against listed companies. Includes prohibited directors from Companies Office.
Track court cases involving NZX-listed companies and their directors from High Court, Court of Appeal, and Supreme Court. Includes case type, outcome, damages, and party roles.
Companies with multiple governance indicators below common thresholds. Flags include: low board independence (<50%), no female directors, resolutions not passed, directors with 12+ year tenure (NZX independence threshold), and low GRS scores (<50).
Data sourced from NZX governance data, court records, regulatory actions, and financial statement 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.
| LOC | Locate Technologies Limited | Information Technology | 33 | Moderate | 0 | 0 | 50 | 100 | Governance data unavailable — using neutral default; M-score above manipulation threshold; Z-score in distress zone |
| TCM | Taiko Critical Minerals Limited | Materials | 33 | Moderate | 0 | 0 | 50 | 100 | Governance data unavailable — using neutral default; Z-score in distress zone; F-score indicates weak fundamentals |
| CMO | The Colonial Motor Company Limited | Consumer Discretionary | 31 | Moderate | 0 | 4 | 36 | 100 | 1 regulatory action; F-score indicates weak fundamentals |
| CRP | Chatham Rock Phosphate Limited | Industrials | 31 | Moderate | 0 | 4 | 38 | 100 | 1 regulatory action; Z-score in distress zone; F-score indicates weak fundamentals |
| PYS | PaySauce Limited | Information Technology | 28 | Moderate | 0 | 0 | 26 | 100 | F-score indicates weak fundamentals |
| RGI | Rua Gold Inc | Materials | 28 | Moderate | 0 | 0 | 50 | 75 | Governance data unavailable — using neutral default; Z-score in distress zone |
| AFC | AFC Group Holdings Limited | Financials | 27 | Moderate | 0 | 0 | 22 | 100 | M-score above manipulation threshold; Z-score in distress zone; F-score indicates weak fundamentals |
| AFT | AFT Pharmaceuticals Limited | Healthcare | 27 | Moderate | 0 | 0 | 21 | 100 | F-score indicates weak fundamentals |
| FSF | Fonterra Shareholders' Fund | Consumer Staples | 27 | Moderate | 0 | 0 | 21 | 100 | Z-score in distress zone; F-score indicates weak fundamentals |
| IPR | Iperion Limited | Real Estate | 27 | Moderate | 0 | 0 | 21 | 100 | Z-score in distress zone; F-score indicates weak fundamentals |
| RUA | Rua Bioscience Limited | Healthcare | 27 | Moderate | 0 | 0 | 21 | 100 | Z-score in distress zone; F-score indicates weak fundamentals |
| GNE | Genesis Energy Limited | Utilities | 26 | Moderate | 0 | 0 | 17 | 100 | F-score indicates weak fundamentals |
| TRU | TRUSCREEN GROUP LIMITED | Industrials | 26 | Moderate | 0 | 8 | 24 | 83 | 2 regulatory actions; M-score above manipulation threshold; Z-score in distress zone |
| VHP | Vital Healthcare Property Trust | Real Estate | 26 | Moderate | 0 | 0 | 34 | 83 | M-score above manipulation threshold; Z-score in distress zone |
| AOF | AoFrio Limited | Financials | 25 | Moderate | 0 | 0 | 10 | 100 | F-score indicates weak fundamentals |
| BAI | Being AI | Healthcare | 25 | Moderate | 0 | 4 | 33 | 75 | 1 regulatory action; Z-score in distress zone |
| BRW | Bremworth Limited | Consumer Discretionary | 25 | Moderate | 0 | 0 | 10 | 100 | F-score indicates weak fundamentals |
| DOW | Downer EDI Limited | Industrials | 25 | Moderate | 0 | 0 | 11 | 100 | F-score indicates weak fundamentals |
| HGH | Heartland Group Holdings Limited | Financials | 25 | Moderate | 0 | 0 | 14 | 100 | F-score indicates weak fundamentals |
| MKR | Manuka Resources Limited | Materials | 25 | Moderate | 0 | 0 | 37 | 75 | Z-score in distress zone |
| CHI | Channel Infrastructure NZ Limited | Energy | 24 | Moderate | 0 | 0 | 5 | 100 | F-score indicates weak fundamentals |
| PHL | Promisia Healthcare Limited | Healthcare | 24 | Moderate | 0 | 0 | 8 | 100 | F-score indicates weak fundamentals |
| VNT | Ventia Services Group Limited | Industrials | 24 | Moderate | 0 | 0 | 6 | 100 | F-score indicates weak fundamentals |
| CO2 | Carbon Fund | Financials | 23 | Moderate | 0 | 0 | 50 | 50 | Governance data unavailable — using neutral default; F-score indicates weak fundamentals |
| PLP | Private Land and Property Fund | Real Estate | 23 | Moderate | 0 | 0 | 50 | 50 | Governance data unavailable — using neutral default; F-score indicates weak fundamentals |
| ARG | Argosy Property Limited | Real Estate | 22 | Moderate | 0 | 0 | 21 | 75 | Z-score in distress zone |
| IFT | Infratil Limited | Utilities | 22 | Moderate | 0 | 0 | 16 | 83 | M-score above manipulation threshold; Z-score in distress zone |
| IKE | ikeGPS Group Limited | Materials | 22 | Moderate | 0 | 0 | 23 | 75 | F-score indicates weak fundamentals |
| NZL | New Zealand Rural Land Company Limited | Real Estate | 22 | Moderate | 0 | 0 | 22 | 75 | Z-score in distress zone |
| AGL | Accordant Group Limited | Utilities | 20 | Low | 0 | 0 | 37 | 50 | No specific flags |
| CDI | CDL Investments New Zealand Limited | Real Estate | 20 | Low | 0 | 4 | 15 | 67 | 1 regulatory action; M-score above manipulation threshold; F-score indicates weak fundamentals |
| ENS | Enprise Group Limited | Information Technology | 20 | Low | 0 | 8 | 29 | 50 | 2 regulatory actions; Z-score in distress zone |
| ERD | EROAD | Industrials | 20 | Low | 0 | 0 | 36 | 50 | Z-score in distress zone |
| MEE | Me Today Limited | Consumer Staples | 20 | Low | 0 | 0 | 20 | 67 | M-score above manipulation threshold; Z-score in distress zone |
| MEL | Meridian Energy Limited | Utilities | 20 | Low | 0 | 0 | 18 | 67 | M-score above manipulation threshold |
| NZM | NZME Limited | Communication Services | 20 | Low | 8 | 8 | 37 | 33 | 2 court cases; 2 regulatory actions; Z-score in distress zone |
| SDL | Solution Dynamics Limited | Consumer Discretionary | 20 | Low | 0 | 0 | 37 | 50 | M-score above manipulation threshold |
| FCG | Fonterra Co-operative Group Limited | Consumer Staples | 19 | Low | 4 | 4 | 24 | 50 | 1 court case; 1 regulatory action |
| SKC | SkyCity Entertainment Group Limited | Consumer Discretionary | 19 | Low | 4 | 0 | 29 | 50 | 1 court case; Z-score in distress zone |
| WBC | Westpac Banking Corporation | Financials | 19 | Low | 0 | 0 | 32 | 50 | Z-score in distress zone |
| WCO | WasteCo Group Limited | Industrials | 19 | Low | 0 | 0 | 32 | 50 | No specific flags |
| 2CC | 2 Cheap Cars Group Limited | Financials | 18 | Low | 0 | 4 | 21 | 50 | 1 regulatory action |
| AIR | Air New Zealand | Industrials | 18 | Low | 4 | 4 | 19 | 50 | 1 court case; 1 regulatory action; Z-score in distress zone |
| BPG | Black Pearl Group Limited | Information Technology | 18 | Low | 0 | 0 | 28 | 50 | No specific flags |
| CNU | Chorus Limited | Communication Services | 18 | Low | 0 | 0 | 17 | 33 | Z-score in distress zone; Non-audit fee ratio elevated |
| LOD | Lodestone Energy Limited | Utilities | 18 | Low | 0 | 0 | 50 | 25 | Governance data unavailable — using neutral default |
| MEX | Minerals Exploration Limited | Materials | 18 | Low | 0 | 0 | 28 | 50 | F-score indicates weak fundamentals |
| NTL | New Talisman Gold Mines Ltd | Industrials | 18 | Low | 0 | 0 | 25 | 50 | Z-score in distress zone |
| NZK | New Zealand King Salmon Investments Limited | Consumer Staples | 18 | Low | 0 | 0 | 27 | 0 | Non-audit fees exceed audit fees |
| OCA | Oceania Healthcare Limited | Healthcare | 18 | Low | 0 | 0 | 12 | 67 | M-score above manipulation threshold; Z-score in distress zone |
| ANZ | ANZ Group Holdings Limited | Financials | 17 | Low | 0 | 4 | 34 | 33 | 1 regulatory action; Z-score in distress zone |
| CVT | Comvita Limited | Industrials | 17 | Low | 4 | 0 | 37 | 33 | 1 court case; Z-score in distress zone |
| DGL | Delegat Group Limited | Consumer Staples | 17 | Low | 0 | 0 | 24 | 50 | M-score above manipulation threshold |
| MOV | MOVE Logistics Group Limited | Industrials | 17 | Low | 0 | 0 | 21 | 50 | No specific flags |
| RAK | Rakon Limited | Information Technology | 17 | Low | 0 | 0 | 53 | 17 | No specific flags |
| RBD | Restaurant Brands New Zealand Limited | Consumer Discretionary | 17 | Low | 0 | 0 | 24 | 50 | Z-score in distress zone |
| RTO | RTO Limited | Information Technology | 17 | Low | 0 | 0 | 37 | 33 | F-score indicates weak fundamentals |
| SKO | Serko Limited | Industrials | 17 | Low | 0 | 0 | 22 | 50 | No specific flags |
| SMI | Santana Minerals Ltd | Materials | 17 | Low | 0 | 0 | 24 | 50 | F-score indicates weak fundamentals |
| STU | Steel & Tube Holdings Limited | Materials | 17 | Low | 4 | 4 | 15 | 50 | 1 court case; 1 regulatory action; Z-score in distress zone |
| ARB | ArborGen Holdings Limited | Industrials | 16 | Low | 0 | 0 | 33 | 33 | Z-score in distress zone |
| BLT | BLIS Technologies Limited | Consumer Staples | 16 | Low | 0 | 4 | 12 | 50 | 1 regulatory action; M-score above manipulation threshold |
| GEN | General Capital Limited | Financials | 16 | Low | 0 | 0 | 16 | 50 | Z-score in distress zone |
| PCT | Precinct Properties New Zealand Limited | Real Estate | 16 | Low | 0 | 0 | 17 | 50 | Z-score in distress zone |
| RAD | Radius Residential Care Limited | Healthcare | 16 | Low | 0 | 0 | 19 | 50 | No specific flags |
| SEK | Seeka Limited | Consumer Staples | 16 | Low | 0 | 0 | 16 | 50 | M-score above manipulation threshold |
| BIT | The Bankers Investment Trust PLC | Financials | 15 | Low | 0 | 0 | 10 | 50 | F-score indicates weak fundamentals |
| CEN | Contact Energy Limited | Utilities | 15 | Low | 0 | 0 | 14 | 50 | No specific flags |
| MFB | My Food Bag Group Limited | Financials | 15 | Low | 0 | 0 | 13 | 50 | No specific flags |
| MLN | Marlin Global Limited | Financials | 15 | Low | 0 | 0 | 13 | 50 | M-score above manipulation threshold |
| MPG | Metro Performance Glass | Real Estate | 15 | Low | 0 | 0 | 14 | 50 | No specific flags |
| PGW | PGG Wrightson Limited | Industrials | 15 | Low | 0 | 0 | 14 | 50 | No specific flags |
| TEM | Templeton Emerging Markets Investment Trust PLC | Financials | 15 | Low | 0 | 0 | 10 | 50 | M-score above manipulation threshold |
| WIN | Winton Land Limited | Real Estate | 15 | Low | 0 | 0 | 27 | 33 | No specific flags |
| ALF | Allied Farmers Limited | Financials | 14 | Low | 0 | 0 | 23 | 33 | Z-score in distress zone |
| ATM | The a2 Milk Company Limited | Consumer Staples | 14 | Low | 4 | 0 | 18 | 33 | 1 court case; M-score above manipulation threshold |
| BGP | Briscoe Group Limited | Consumer Discretionary | 14 | Low | 0 | 0 | 22 | 33 | M-score above manipulation threshold |
| BRM | Barramundi Limited | Financials | 14 | Low | 0 | 0 | 8 | 50 | F-score indicates weak fundamentals |
| CCC | Cooks Coffee Company Limited | Consumer Staples | 14 | Low | 0 | 0 | 23 | 33 | Z-score in distress zone |
| PFI | Property for Industry Limited | Real Estate | 14 | Low | 0 | 0 | 9 | 50 | Z-score in distress zone |
| RYM | Ryman Healthcare Limited | Healthcare | 14 | Low | 4 | 0 | 18 | 33 | 1 court case; Z-score in distress zone |
| TRA | Turners Automotive Group | Consumer Discretionary | 14 | Low | 0 | 0 | 34 | 25 | No specific flags |
| APL | Asset Plus | Real Estate | 13 | Low | 0 | 0 | 21 | 33 | M-score above manipulation threshold |
| BFG | Burger Fuel Group Limited | Consumer Discretionary | 13 | Low | 0 | 0 | 18 | 33 | Z-score in distress zone |
| FWL | Foley Wines Limited | Consumer Staples | 13 | Low | 0 | 0 | 17 | 33 | Z-score in distress zone |
| IPL | Investore Property Limited | Real Estate | 13 | Low | 0 | 0 | 19 | 33 | Z-score in distress zone |
| KMD | KMD Brands Limited | Consumer Discretionary | 13 | Low | 0 | 0 | 17 | 33 | Z-score in distress zone |
| KPG | Kiwi Property | Real Estate | 13 | Low | 0 | 0 | 19 | 33 | Z-score in distress zone |
| MCK | Millennium & Copthorne Hotels New Zealand Limited | Consumer Discretionary | 13 | Low | 0 | 4 | 29 | 17 | 1 regulatory action |
| TWL | TradeWindow Holdings Limited | Industrials | 13 | Low | 0 | 0 | 27 | 25 | No specific flags |
| MCY | Mercury NZ Limited | Utilities | 12 | Low | 4 | 0 | 12 | 33 | 1 court case; Z-score in distress zone |
| SML | Synlait Milk Limited | Consumer Staples | 12 | Low | 0 | 0 | 32 | 17 | No specific flags |
| SUM | Summerset Group Holdings Limited | Healthcare | 12 | Low | 0 | 0 | 15 | 33 | Z-score in distress zone |
| VCT | Vector Limited | Utilities | 12 | Low | 0 | 0 | 14 | 33 | Z-score in distress zone |
| GNZ | Goodman NZ | Real Estate | 11 | Low | 0 | 0 | 26 | 17 | No specific flags |
| GXH | Green Cross Health Limited | Healthcare | 11 | Low | 0 | 0 | 27 | 17 | No specific flags |
| KFL | Kingfish Limited | Financials | 11 | Low | 0 | 0 | 10 | 33 | M-score above manipulation threshold |
| SPG | Stride Property Limited | Real Estate | 11 | Low | 0 | 0 | 10 | 33 | Z-score in distress zone |
| TGG | T&G Global Limited | Consumer Staples | 11 | Low | 0 | 0 | 27 | 17 | No specific flags |
| THL | Tourism Holdings Limited | Consumer Discretionary | 11 | Low | 0 | 0 | 8 | 33 | Z-score in distress zone |
| AIA | Auckland International Airport Limited | Industrials | 10 | Low | 4 | 0 | 14 | 17 | 1 court case |
| FRW | Freightways Group Limited | Industrials | 10 | Low | 0 | 0 | 21 | 17 | No specific flags |
| HFL | Henderson Far East Income Limited | Financials | 10 | Low | 0 | 0 | 19 | 17 | No specific flags |
| LIC | Livestock Improvement Corporation Limited | Financials | 10 | Low | 0 | 0 | 37 | 0 | No specific flags |
| SPK | Spark New Zealand Limited | Communication Services | 10 | Low | 4 | 0 | 15 | 17 | 1 court case |
| VGL | Vista Group International Limited | Information Technology | 10 | Low | 0 | 0 | 37 | 0 | No specific flags |
| AFI | Australian Foundation Investment Company Limited | Financials | 9 | Low | 0 | 0 | 8 | 25 | No specific flags |
| EBO | EBOS Group Limited | Healthcare | 9 | Low | 0 | 0 | 17 | 17 | No specific flags |
| FCT | F&C INVESTMENT TRUST PLC | Financials | 9 | Low | 0 | 0 | 13 | 17 | No specific flags |
| NZX | NZX Limited | Financials | 9 | Low | 0 | 8 | 5 | 17 | 2 regulatory actions |
| SAN | Sanford Limited | Consumer Staples | 9 | Low | 4 | 0 | 27 | 0 | 1 court case |
| SCT | Scott Technology Limited | Industrials | 9 | Low | 0 | 0 | 17 | 17 | No specific flags |
| WHS | The Warehouse Group Limited | Consumer Discretionary | 9 | Low | 0 | 0 | 17 | 17 | No specific flags |
| GTK | Gentrack Group Limited | Information Technology | 8 | Low | 0 | 0 | 28 | 0 | No specific flags |
| PEB | Pacific Edge Limited | Healthcare | 8 | Low | 0 | 0 | 12 | 17 | No specific flags |
| POT | Port of Tauranga Limited | Industrials | 8 | Low | 4 | 0 | 23 | 0 | 1 court case |
| SVR | Savor Limited | Consumer Staples | 8 | Low | 0 | 0 | 28 | 0 | No specific flags |
| HLG | Hallenstein Glasson Holdings Limited | Consumer Discretionary | 7 | Low | 0 | 4 | 16 | 0 | 1 regulatory action |
| MHJ | Michael Hill International Limited | Consumer Discretionary | 7 | Low | 0 | 0 | 5 | 17 | No specific flags |
| SKL | Skellerup Holdings Limited | Industrials | 7 | Low | 0 | 4 | 19 | 0 | 1 regulatory action |
| SKT | Sky Network Television Limited | Communication Services | 7 | Low | 0 | 0 | 6 | 17 | No specific flags |
| TAH | Third Age Health Services Limited | Consumer Discretionary | 7 | Low | 0 | 0 | 23 | 0 | No specific flags |
| TWR | Tower Limited | Financials | 7 | Low | 4 | 4 | 14 | 0 | 1 court case; 1 regulatory action |
| VSL | Vulcan Steel Limited | Materials | 7 | Low | 0 | 0 | 23 | 0 | No specific flags |
| FPH | Fisher & Paykel Healthcare Corporation Limited | Healthcare | 6 | Low | 0 | 0 | 16 | 0 | No specific flags |
| MFT | Mainfreight Limited | Industrials | 6 | Low | 0 | 0 | 17 | 0 | No specific flags |
| FBU | Fletcher Building | Materials | 5 | Low | 4 | 0 | 10 | 0 | 1 court case |
| NPH | Napier Port Holdings Limited | Industrials | 5 | Low | 0 | 0 | 14 | 0 | No specific flags |
| SCL | Scales Corporation Limited | Industrials | 5 | Low | 0 | 0 | 14 | 0 | No specific flags |
| SPN | South Port New Zealand Limited | Industrials | 5 | Low | 0 | 0 | 13 | 0 | No specific flags |