NZX Governance League Table
A data-driven ranking of all NZX companies by their Governance Risk Score (v2.0)
🛡️ GovernanceLast Updated: 9 November 2026
Data sourced from publicly available NZX filings and annual reports. Our datasets may not be complete. Automated analysis can produce errors. Scores are calculated using disclosed methodology and are analytical tools, not investment ratings or recommendations. 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.
- Records
- 125
- Companies
- 125
- Calculation date
- 2026-11-09
- Median overall score
- 80
- Median data coverage percent
- 73
- Median exec score
- 40
| Rank | Company | GRS v2.0 | Exec | Board | Shareholder | Independence | Female % |
|---|---|---|---|---|---|---|---|
# 1🥇 | Channel Infrastructure NZ Limited CHI | 95.2Good | 0.0/25 | 25.0/25 | 20.0/25 | 83% | 50% |
# 2🥈 | Michael Hill International Limited MHJ | 95.2Good | 0.0/25 | 25.0/25 | 20.0/25 | 83% | 50% |
# 3🥉 | NZX Limited NZX | 95.2Excellent | 6.5/25 | 25.0/25 | 20.0/25 | 75% | 63% |
# 4 | Fletcher Building FBU | 93.1Excellent | 6.5/25 | 24.0/25 | 20.0/25 | 86% | 43% |
# 5 | Sky Network Television Limited SKT | 92.4Excellent | 6.5/25 | 24.0/25 | 19.0/25 | 100% | 33% |
# 6 | Australian Foundation Investment Company Limited AFI | 92.4Excellent | 6.5/25 | 25.0/25 | 20.0/25 | 86% | 50% |
# 7 | Tourism Holdings Limited THL | 92.4Excellent | 7.5/25 | 25.0/25 | 20.0/25 | 86% | 57% |
# 8 | Promisia Healthcare Limited PHL | 91.0Excellent | 7.5/25 | 24.0/25 | 20.0/25 | 80% | 40% |
# 9 | Bremworth Limited BRW | 90.4Good | 0.0/25 | 20.0/25 | 20.0/25 | 75% | 50% |
# 10 | PGG Wrightson Limited PGW | 90.4Good | 0.0/25 | 23.0/25 | 20.0/25 | 86% | 33% |
# 11 | Kingfish Limited KFL | 90.4Good | 0.0/25 | 21.0/25 | 20.0/25 | 100% | 33% |
# 12 | Templeton Emerging Markets Investment Trust PLC TEM | 90.4Good | 0.0/25 | 25.0/25 | 20.0/25 | 78% | 44% |
# 13 | Stride Property Limited SPG | 90.3Excellent | 4.0/25 | 24.0/25 | 20.0/25 | 83% | 33% |
# 14 | Ventia Services Group Limited VNT | 90.3Excellent | 5.0/25 | 25.0/25 | 20.0/25 | 75% | 43% |
# 15 | The Bankers Investment Trust PLC BIT | 89.9Good | 0.0/25 | 25.0/25 | 20.0/25 | 80% | 40% |
# 16 | Vector Limited VCT | 89.7Excellent | 7.5/25 | 23.0/25 | 20.0/25 | 86% | 29% |
# 17 | AoFrio Limited AOF | 89.6Good | 0.0/25 | 24.0/25 | 20.0/25 | 83% | 33% |
# 18 | Downer EDI Limited DOW | 89.2Good | 3.0/25 | 24.0/25 | 20.0/25 | 86% | 43% |
# 19 | Infratil Limited IFT | 88.8Good | 0.0/25 | 25.0/25 | 20.0/25 | 86% | 43% |
# 20 | Marlin Global Limited MLN | 88.8Good | 0.0/25 | 21.0/25 | 20.0/25 | 100% | 33% |
# 21 | Pacific Edge Limited PEB | 88.3Excellent | 6.5/25 | 22.0/25 | 20.0/25 | 67% | 33% |
# 22 | Mercury NZ Limited MCY | 87.8Excellent | 6.5/25 | 23.0/25 | 20.0/25 | 100% | 38% |
# 23 | Property for Industry Limited PFI | 87.6Excellent | 4.0/25 | 24.0/25 | 20.0/25 | 100% | 33% |
# 24 | Barramundi Limited BRM | 87.2Good | 0.0/25 | 21.0/25 | 17.0/25 | 100% | 33% |
# 25 | South Port New Zealand Limited SPN | 87.0Excellent | 5.0/25 | 25.0/25 | 20.0/25 | 80% | 40% |
# 26 | BLIS Technologies Limited BLT | 86.9Excellent | 7.5/25 | 25.0/25 | 19.0/25 | 80% | 57% |
# 27 | My Food Bag Group Limited MFB | 86.9Excellent | 6.5/25 | 22.0/25 | 20.0/25 | 60% | 60% |
# 28 | F&C INVESTMENT TRUST PLC FCT | 86.7Good | 0.0/25 | 21.0/25 | 19.0/25 | 50% | 40% |
# 29 | Auckland International Airport Limited AIA | 86.2Excellent | 3.0/25 | 25.0/25 | 20.0/25 | 100% | 50% |
# 30 | Contact Energy Limited CEN | 86.2Excellent | 3.0/25 | 25.0/25 | 20.0/25 | 86% | 43% |
# 31 | Napier Port Holdings Limited NPH | 86.2Excellent | 5.0/25 | 23.0/25 | 20.0/25 | 86% | 29% |
# 32 | Heartland Group Holdings Limited HGH | 86.1Good | 0.0/25 | 21.0/25 | 15.0/25 | 100% | 20% |
# 33 | Tower Limited TWR | 85.6Good | 0.0/25 | 21.0/25 | 18.0/25 | 71% | 50% |
# 34 | Meridian Energy Limited MEL | 85.5Excellent | 5.5/25 | 23.0/25 | 20.0/25 | 67% | 50% |
# 35 | Scales Corporation Limited SCL | 85.5Excellent | 7.5/25 | 20.0/25 | 20.0/25 | 83% | 17% |
# 36 | Steel & Tube Holdings Limited STU | 84.8Excellent | 4.0/25 | 25.0/25 | 20.0/25 | 100% | 50% |
# 37 | The Warehouse Group Limited WHS | 84.8Excellent | 2.0/25 | 25.0/25 | 20.0/25 | 83% | 40% |
# 38 | Summerset Group Holdings Limited SUM | 84.8Excellent | 4.0/25 | 25.0/25 | 20.0/25 | 100% | 43% |
# 39 | CDL Investments New Zealand Limited CDI | 84.8Excellent | 5.0/25 | 23.0/25 | 20.0/25 | 60% | 40% |
# 40 | Spark New Zealand Limited SPK | 84.8Excellent | 4.0/25 | 25.0/25 | 20.0/25 | 100% | 50% |
# 41 | Kiwi Property KPG | 84.8Excellent | 4.0/25 | 22.0/25 | 20.0/25 | 67% | 33% |
# 42 | Metro Performance Glass MPG | 84.4Good | 7.5/25 | 18.0/25 | 15.0/25 | 60% | 17% |
# 43 | Seeka Limited SEK | 84.1Excellent | 7.5/25 | 21.0/25 | 20.0/25 | 50% | 50% |
# 44 | Hallenstein Glasson Holdings Limited HLG | 84.0Good | 0.0/25 | 21.0/25 | 17.0/25 | 80% | 30% |
# 45 | New Talisman Gold Mines Ltd NTL | 83.5Excellent | 5.0/25 | 21.0/25 | 20.0/25 | 100% | 25% |
# 46 | EBOS Group Limited EBO | 83.5Excellent | 1.0/25 | 25.0/25 | 20.0/25 | 86% | 57% |
# 47 | KMD Brands Limited KMD | 83.5Excellent | 4.0/25 | 24.0/25 | 20.0/25 | 86% | 33% |
# 48 | Precinct Properties New Zealand Limited PCT | 83.5Excellent | 3.0/25 | 25.0/25 | 20.0/25 | 100% | 50% |
# 49 | Chorus Limited CNU | 83.5Excellent | 3.0/25 | 23.0/25 | 20.0/25 | 88% | 38% |
# 50 | Scott Technology Limited SCT | 82.8Excellent | 5.0/25 | 18.0/25 | 20.0/25 | 60% | N/A |
# 51 | Fisher & Paykel Healthcare Corporation Limited FPH | 82.8Excellent | 3.5/25 | 22.0/25 | 19.0/25 | 71% | 38% |
# 52 | Genesis Energy Limited GNE | 82.8Excellent | 5.5/25 | 21.0/25 | 20.0/25 | 86% | 14% |
# 53 | The a2 Milk Company Limited ATM | 82.1Excellent | 1.0/25 | 23.0/25 | 20.0/25 | 67% | 67% |
# 54 | SkyCity Entertainment Group Limited SKC | 82.1Excellent | 3.0/25 | 24.0/25 | 19.0/25 | 100% | 33% |
# 55 | Skellerup Holdings Limited SKL | 81.4Excellent | 6.5/25 | 18.0/25 | 20.0/25 | 71% | 14% |
# 56 | Radius Residential Care Limited RAD | 81.4Excellent | 6.5/25 | 17.0/25 | 20.0/25 | 57% | 14% |
# 57 | Henderson Far East Income Limited HFL | 81.2Good | 0.0/25 | 23.0/25 | 0.0/25 | 63% | 50% |
# 58 | Investore Property Limited IPL | 80.8Good | 0.0/25 | 19.0/25 | 20.0/25 | 60% | 20% |
# 59 | MOVE Logistics Group Limited MOV | 80.7Excellent | 5.0/25 | 17.0/25 | 20.0/25 | 67% | 25% |
# 60 | Black Pearl Group Limited BPG | 80.7Excellent | 5.0/25 | 19.0/25 | 20.0/25 | 60% | 20% |
# 61 | Air New Zealand AIR | 80.7Excellent | 3.0/25 | 25.0/25 | 20.0/25 | 100% | 63% |
# 62 | Me Today Limited MEE | 80.0Excellent | 7.5/25 | 17.0/25 | 20.0/25 | 57% | 17% |
# 63 | Mainfreight Limited MFT | 80.0Good | 4.5/25 | 20.0/25 | 15.0/25 | 71% | 43% |
# 64 | Rua Bioscience Limited RUA | 79.3Very Good | 5.0/25 | 18.0/25 | 20.0/25 | 40% | 40% |
# 65 | Argosy Property Limited ARG | 79.3Very Good | 4.0/25 | 20.0/25 | 20.0/25 | 75% | 13% |
# 66 | AFT Pharmaceuticals Limited AFT | 79.3Very Good | 6.5/25 | 19.0/25 | 20.0/25 | 67% | 33% |
# 67 | 2 Cheap Cars Group Limited 2CC | 79.3Very Good | 7.5/25 | 16.0/25 | 20.0/25 | 67% | N/A |
# 68 | Asset Plus APL | 79.3Very Good | 5.0/25 | 19.0/25 | 20.0/25 | 100% | 20% |
# 69 | Freightways Group Limited FRW | 79.3Very Good | 4.0/25 | 21.0/25 | 20.0/25 | 100% | 29% |
# 70 | Iperion Limited IPR | 79.2Good | 0.0/25 | 16.0/25 | 20.0/25 | 67% | N/A |
# 71 | Fonterra Shareholders' Fund FSF | 78.6Very Good | 3.5/25 | 22.0/25 | 17.0/25 | 71% | 57% |
# 72 | Foley Wines Limited FWL | 78.6Very Good | 7.5/25 | 18.0/25 | 17.0/25 | 75% | N/A |
# 73 | AFC Group Holdings Limited AFC | 78.4Good | 0.0/25 | 15.0/25 | 20.0/25 | 40% | 20% |
# 74 | Serko Limited SKO | 77.9Very Good | 4.0/25 | 20.0/25 | 20.0/25 | 67% | 33% |
# 75 | Briscoe Group Limited BGP | 77.9Very Good | 4.0/25 | 18.0/25 | 20.0/25 | 83% | 17% |
# 76 | Burger Fuel Group Limited BFG | 77.6Good | 0.0/25 | 18.0/25 | 17.0/25 | 60% | N/A |
# 77 | New Zealand Rural Land Company Limited NZL | 77.6Good | 0.0/25 | 20.0/25 | 17.0/25 | 67% | 67% |
# 78 | Port of Tauranga Limited POT | 77.2Very Good | 5.5/25 | 16.0/25 | 20.0/25 | 40% | 20% |
# 79 | Cooks Coffee Company Limited CCC | 76.5Very Good | 5.0/25 | 19.0/25 | 20.0/25 | 50% | 25% |
# 80 | Allied Farmers Limited ALF | 76.5Very Good | 5.0/25 | 18.0/25 | 19.0/25 | 67% | 33% |
# 81 | Vulcan Steel Limited VSL | 76.5Very Good | 2.0/25 | 19.0/25 | 20.0/25 | 50% | 29% |
# 82 | PaySauce Limited PYS | 76.3Good | 5.0/25 | 19.0/25 | 15.0/25 | 60% | 17% |
# 83 | Delegat Group Limited DGL | 76.2Good | 7.5/25 | 18.0/25 | 0.0/25 | 57% | 29% |
# 84 | Santana Minerals Ltd SMI | 76.0Good | 0.0/25 | 14.0/25 | 20.0/25 | N/A | 40% |
# 85 | Fonterra Co-operative Group Limited FCG | 75.9Very Good | 3.5/25 | 19.0/25 | 17.0/25 | 44% | 44% |
# 86 | Restaurant Brands New Zealand Limited RBD | 75.9Very Good | 6.5/25 | 12.0/25 | 20.0/25 | 44% | 24% |
# 87 | Savor Limited SVR | 75.9Very Good | 7.5/25 | 13.0/25 | 20.0/25 | 25% | 25% |
# 88 | ArborGen Holdings Limited ARB | 75.2Very Good | 4.0/25 | 17.0/25 | 20.0/25 | 57% | N/A |
# 89 | Enprise Group Limited ENS | 73.8Very Good | 5.0/25 | 22.0/25 | 13.0/25 | 63% | 33% |
# 90 | ikeGPS Group Limited IKE | 73.8Very Good | 4.0/25 | 17.0/25 | 20.0/25 | 50% | 20% |
# 91 | Synlait Milk Limited SML | 73.4Very Good | 7.5/25 | 14.0/25 | 20.0/25 | 25% | 20% |
# 92 | Goodman NZ GNZ | 73.3Good | 4.0/25 | 18.0/25 | 15.0/25 | 57% | 29% |
# 93 | Winton Land Limited WIN | 73.1Very Good | 3.0/25 | 14.0/25 | 20.0/25 | 40% | 20% |
# 94 | New Zealand King Salmon Investments Limited NZK | 72.8Good | 0.0/25 | 15.0/25 | 20.0/25 | 33% | 25% |
# 95 | TRUSCREEN GROUP LIMITED TRU | 72.8Good | 0.0/25 | 15.0/25 | 17.0/25 | 43% | 17% |
# 96 | Green Cross Health Limited GXH | 72.8Good | 0.0/25 | 14.0/25 | 20.0/25 | 38% | 38% |
# 97 | T&G Global Limited TGG | 72.7Very Good | 5.0/25 | 16.0/25 | 20.0/25 | 50% | 17% |
# 98 | Sanford Limited SAN | 72.7Very Good | 4.0/25 | 16.0/25 | 20.0/25 | 50% | 17% |
# 99 | Solution Dynamics Limited SDL | 72.4Very Good | 5.0/25 | 18.0/25 | 20.0/25 | 67% | N/A |
# 100 | Gentrack Group Limited GTK | 72.4Very Good | 4.0/25 | 20.0/25 | 16.0/25 | 88% | 14% |
# 101 | Ryman Healthcare Limited RYM | 72.4Very Good | 3.0/25 | 22.0/25 | 13.0/25 | 100% | 29% |
# 102 | Taiko Critical Minerals Limited TCM | 71.1Good | 0.0/25 | 12.0/25 | 20.0/25 | 40% | 20% |
# 103 | Millennium & Copthorne Hotels New Zealand Limited MCK | 71.0Very Good | 5.0/25 | 12.0/25 | 20.0/25 | 33% | N/A |
# 104 | Vital Healthcare Property Trust VHP | 69.5Good | 5.0/25 | 19.0/25 | 0.0/25 | 63% | 13% |
# 105 | Livestock Improvement Corporation Limited LIC | 69.0Good | 7.5/25 | 23.0/25 | 8.0/25 | 89% | 33% |
# 106 | Westpac Banking Corporation WBC | 68.3Good | 5.0/25 | 23.0/25 | 9.0/25 | 82% | 36% |
# 107 | WasteCo Group Limited WCO | 68.3Good | 5.0/25 | 11.0/25 | 20.0/25 | 33% | 25% |
# 108 | Being AI BAI | 67.4Good | 5.0/25 | 9.0/25 | 15.0/25 | 33% | N/A |
# 109 | Turners Automotive Group TRA | 66.2Good | 4.0/25 | 13.0/25 | 20.0/25 | 43% | 14% |
# 110 | ANZ Group Holdings Limited ANZ | 66.2Good | 3.5/25 | 24.0/25 | 6.0/25 | 88% | 44% |
# 111 | RTO Limited RTO | 65.9Good | 5.0/25 | 8.0/25 | 20.0/25 | 33% | N/A |
# 112 | Minerals Exploration Limited MEX | 65.7Good | 5.0/25 | 16.0/25 | 0.0/25 | 67% | N/A |
# 113 | Oceania Healthcare Limited OCA | 65.5Good | 3.0/25 | 24.0/25 | 4.0/25 | 100% | 43% |
# 114 | Vista Group International Limited VGL | 64.8Good | 6.5/25 | 22.0/25 | 4.0/25 | 67% | 33% |
# 115 | EROAD ERD | 64.1Good | 4.0/25 | 24.0/25 | 2.0/25 | 100% | 33% |
# 116 | Third Age Health Services Limited TAH | 64.1Good | 5.0/25 | 17.0/25 | 11.0/25 | 60% | N/A |
# 117 | Comvita Limited CVT | 63.5Good | 7.5/25 | 20.0/25 | 6.0/25 | 60% | 25% |
# 118 | Manuka Resources Limited MKR | 62.8Good | 4.0/25 | 10.0/25 | 20.0/25 | 33% | N/A |
# 119 | Accordant Group Limited AGL | 62.8Good | 5.0/25 | 8.0/25 | 20.0/25 | 33% | N/A |
# 120 | NZME Limited NZM | 62.8Good | 4.0/25 | 23.0/25 | 4.0/25 | 83% | 33% |
# 121 | The Colonial Motor Company Limited CMO | 62.6Good | 5.0/25 | 12.0/25 | 17.0/25 | 43% | 14% |
# 122 | Chatham Rock Phosphate Limited CRP | 62.0Good | 0.0/25 | 15.0/25 | 0.0/25 | 40% | 20% |
# 123 | TradeWindow Holdings Limited TWL | 61.5Good | 5.0/25 | 13.0/25 | 11.0/25 | 33% | 33% |
# 124 | General Capital Limited GEN | 55.9Adequate | 5.0/25 | 19.0/25 | 2.0/25 | 71% | 14% |
# 125 | Rakon Limited RAK | 44.1Poor | 6.5/25 | 11.0/25 | 2.0/25 | 38% | N/A |
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