Proxy Advisory Report
NZXplorer Governance Standards v1.0.02
Vote FOR
1
Vote AGAINST
0
REFER
2
Flags Raised
Company Context
GRS Score
66.21/100 (Good)
Board Size
11 directors
Independence
45%
Gender Diversity
36% female
CEO Compensation
$1.0M
1-Year Return
3266.3%
Auditor
Grant Thornton
VQS
93/100
Resolution Recommendations (3)
To re-elect Cecilia Tarrant as a Director
Vote FOR with noted concerns: Board Independence.
Flags (1)
Board independence is 45% (5/11), below the 50% minimum. Non-independent directors may face opposition.
To elect Hayden Cartwright, who was appointed as a Director by the Board during the year, as a Director
Vote AGAINST recommended due to: Board Independence.
Flags (1)
Board independence is 45% (5/11), below the 50% minimum. Non-independent directors may face opposition.
To record the re-appointment of PwC (PricewaterhouseCoopers) as auditor of the Company, and to authorise the Directors to fix the remuneration and expenses of the auditor for the coming year
No governance concerns identified based on available data.
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.