Proxy Advisory Report
NZXplorer Governance Standards v1.0.02
Vote FOR
0
Vote AGAINST
6
REFER
8
Flags Raised
Company Context
GRS Score
80/100 (Excellent)
Board Size
11 directors
Independence
82%
Gender Diversity
18% female
CEO Compensation
$650K
1-Year Return
2738.6%
Auditor
Unknown
VQS
93/100
Resolution Recommendations (8)
That the Board is authorised to fix the auditor’s remuneration for the coming year.
No governance concerns identified based on available data.
That the Board is authorised to fix the auditor’s remuneration for the coming year.
No governance concerns identified based on available data.
That Andrew Borland, who retires and is eligible for election, be re-elected as a Director of Scales.
Vote FOR with noted concerns: Gender Diversity.
Flags (1)
Board gender diversity is 18% female (2/11), below the 30% target.
That Andrew Borland, who retires and is eligible for election, be re-elected as a Director of Scales.
Vote FOR with noted concerns: Gender Diversity.
Flags (1)
Board gender diversity is 18% female (2/11), below the 30% target.
That Alan Isaac, who retires and is eligible for election, be re-elected as a Director of Scales.
Flagged for review due to: Director Tenure, Gender Diversity. Case-by-case assessment recommended.
Flags (2)
Alan Isaac has served 12 years, exceeding the 9-year threshold. The NZX Code recommends re-assessing independence for long-tenured directors.
Board gender diversity is 18% female (2/11), below the 30% target.
That Alan Isaac, who retires and is eligible for election, be re-elected as a Director of Scales.
Flagged for review due to: Director Tenure, Gender Diversity. Case-by-case assessment recommended.
Flags (2)
Alan Isaac has served 12 years, exceeding the 9-year threshold. The NZX Code recommends re-assessing independence for long-tenured directors.
Board gender diversity is 18% female (2/11), below the 30% target.
That the total annual remuneration available to be paid to Directors for their services as Directors be revised to $625,000 per annum effective from the close of the Annual Meeting, with such sum to be divided amongst the Directors as the Board may from time to time determine.
Flagged for review due to: Remuneration Disclosure Quality. Case-by-case assessment recommended.
Flags (1)
Remuneration disclosure score is 2/15, below the 5-point minimum. Insufficient disclosure limits shareholders' ability to assess pay.
That the total annual remuneration available to be paid to Directors for their services as Directors be revised to $625,000 per annum effective from the close of the Annual Meeting.
Flagged for review due to: Remuneration Disclosure Quality. Case-by-case assessment recommended.
Flags (1)
Remuneration disclosure score is 2/15, below the 5-point minimum. Insufficient disclosure limits shareholders' ability to assess pay.
About this report
Recommendations generated by the NZXplorer Governance Standards (v1.0.0) rule engine. 34+ rules across 8 resolution categories evaluate board composition, remuneration practices, auditor independence, and capital management against configured governance thresholds.
Data sources: NZX company announcements, annual reports, AGM voting records, financial statements, and Notice of Meeting documents where available. Some data gaps may affect recommendation accuracy.
Important Notice
This report is automated governance analysis generated by a rules-based scoring methodology. It is not personalised financial advice, a recommendation to acquire or dispose of a financial product, or an investment recommendation within the meaning of the Financial Markets Conduct Act 2013 (NZ).
NZXplorer is not a Financial Advice Provider under the FMCA. Voting recommendations reflect the application of published governance standards to publicly available data and should not be relied upon as a substitute for professional advice. Shareholders should read the full Notice of Meeting and consult their own advisers before voting.
Methodology, thresholds, and data sources are disclosed in full. If you believe any data is incorrect, contact hello@nzxplorer.co.nz.
Data sourced from publicly available records. 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.