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NZX-listed companies ranked by Governance Risk Score (GRS v2.0). Scored across 6 dimensions including board structure, executive remuneration, and shareholder rights.
Updates weekly · 119 companies
| # | Ticker | Company | Sector | GRS Score | Rating | Board Structure | Shareholder Rights |
|---|---|---|---|---|---|---|---|
| 1 | FBU | Fletcher Building | Materials | 89.7 | Excellent | 24.0 | 20.0 |
| 2 | AIA | Auckland International Airport Limited | Industrials | 85.5 | Excellent | 24.0 |
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.
Last updated: 20 April 2026.
| 20.0 |
| 3 | OCA | Oceania Healthcare Limited | Healthcare | 85.5 | Excellent | 22.0 | 20.0 |
| 4 | NZX | NZX Limited | Financials | 84.8 | Excellent | 20.0 | 20.0 |
| 5 | SPG | Stride Property Limited | Real Estate | 84.8 | Excellent | 20.0 | 20.0 |
| 6 | PEB | Pacific Edge Limited | Healthcare | 84.1 | Excellent | 22.0 | 20.0 |
| 7 | PHL | Promisia Healthcare Limited | Healthcare | 84.1 | Excellent | 22.0 | 20.0 |
| 8 | AFI | Australian Foundation Investment Company Limited | Financials | 82.8 | Excellent | 20.0 | 20.0 |
| 9 | MCY | Mercury NZ Limited | Utilities | 82.8 | Excellent | 21.0 | 20.0 |
| 10 | RUA | Rua Bioscience Limited | Healthcare | 82.1 | Excellent | 21.0 | 20.0 |
| 11 | KPG | Kiwi Property | Real Estate | 80.7 | Excellent | 18.0 | 20.0 |
| 12 | PFI | Property for Industry Limited | Real Estate | 80.0 | Excellent | 19.0 | 20.0 |
| 13 | KMD | KMD Brands Limited | Consumer Discretionary | 79.3 | Very Good | 24.0 | 20.0 |
| 14 | SUM | Summerset Group Holdings Limited | Healthcare | 79.3 | Very Good | 24.0 | 20.0 |
| 15 | AFT | AFT Pharmaceuticals Limited | Healthcare | 77.2 | Very Good | 20.0 | 20.0 |
| 16 | SAN | Sanford Limited | Consumer Staples | 77.2 | Very Good | 19.0 | 20.0 |
| 17 | NPH | Napier Port Holdings Limited | Industrials | 77.2 | Very Good | 17.0 | 20.0 |
| 18 | CDI | CDL Investments New Zealand Limited | Real Estate | 76.5 | Very Good | 20.0 | 20.0 |
| 19 | MFB | My Food Bag Group Limited | Financials | 76.5 | Very Good | 19.0 | 20.0 |
| 20 | BFG | Burger Fuel Group Limited | Consumer Discretionary | 75.9 | Very Good | 17.0 | 20.0 |
| 21 | HGH | Heartland Group Holdings Limited | Financials | 75.9 | Very Good | 21.0 | 16.0 |
| 22 | CNU | Chorus Limited | Communication Services | 75.9 | Very Good | 20.0 | 20.0 |
| 23 | SKL | Skellerup Holdings Limited | Industrials | 75.9 | Very Good | 17.0 | 20.0 |
| 24 | GEN | General Capital Limited | Financials | 75.9 | Very Good | 18.0 | 20.0 |
| 25 | SCL | Scales Corporation Limited | Industrials | 75.9 | Very Good | 16.0 | 20.0 |
| 26 | ERD | EROAD | Industrials | 75.2 | Very Good | 16.0 | 20.0 |
| 27 | VCT | Vector Limited | Utilities | 74.5 | Very Good | 15.0 | 20.0 |
| 28 | RAD | Radius Residential Care Limited | Healthcare | 74.5 | Very Good | 15.0 | 20.0 |
| 29 | ATM | The a2 Milk Company Limited | Consumer Staples | 74.5 | Very Good | 18.0 | 20.0 |
| 30 | ARG | Argosy Property Limited | Real Estate | 74.5 | Very Good | 16.0 | 20.0 |
| 31 | AIR | Air New Zealand | Industrials | 73.8 | Very Good | 23.0 | 20.0 |
| 32 | AOF | AoFrio Limited | Financials | 73.8 | Very Good | 23.0 | 20.0 |
| 33 | MEE | Me Today Limited | Consumer Staples | 73.8 | Very Good | 17.0 | 20.0 |
| 34 | EBO | EBOS Group Limited | Healthcare | 73.8 | Very Good | 21.0 | 20.0 |
| 35 | SCT | Scott Technology Limited | Industrials | 73.8 | Very Good | 10.0 | 20.0 |
| 36 | GNE | Genesis Energy Limited | Utilities | 73.8 | Very Good | 19.0 | 20.0 |
| 37 | STU | Steel & Tube Holdings Limited | Materials | 73.8 | Very Good | 20.0 | 20.0 |
| 38 | WHS | The Warehouse Group Limited | Consumer Discretionary | 73.8 | Very Good | 17.0 | 20.0 |
| 39 | WIN | Winton Land Limited | Real Estate | 73.8 | Very Good | 14.0 | 20.0 |
| 40 | CEN | Contact Energy Limited | Utilities | 73.1 | Very Good | 16.0 | 20.0 |
| 41 | RBD | Restaurant Brands New Zealand Limited | Consumer Discretionary | 73.1 | Very Good | 13.0 | 20.0 |
| 42 | ALF | Allied Farmers Limited | Financials | 72.4 | Very Good | 18.0 | 19.0 |
| 43 | FPH | Fisher & Paykel Healthcare Corporation Limited | Healthcare | 72.4 | Very Good | 14.0 | 20.0 |
| 44 | AGL | Accordant Group Limited | Utilities | 72.4 | Very Good | 20.0 | 16.0 |
| 45 | SPK | Spark New Zealand Limited | Communication Services | 72.4 | Very Good | 19.0 | 20.0 |
| 46 | MFT | Mainfreight Limited | Industrials | 72.4 | Very Good | 15.0 | 20.0 |
| 47 | PCT | Precinct Properties New Zealand Limited | Real Estate | 72.4 | Very Good | 17.0 | 20.0 |
| 48 | SKO | Serko Limited | Industrials | 72.4 | Very Good | 18.0 | 20.0 |
| 49 | PYS | PaySauce Limited | Information Technology | 71.7 | Very Good | 18.0 | 17.0 |
| 50 | MOV | MOVE Logistics Group Limited | Industrials | 71.7 | Very Good | 15.0 | 16.0 |
| 51 | SPN | South Port New Zealand Limited | Industrials | 71.7 | Very Good | 14.0 | 20.0 |
| 52 | BGP | Briscoe Group Limited | Consumer Discretionary | 71.0 | Very Good | 18.0 | 20.0 |
| 53 | MKR | Manuka Resources Limited | Materials | 71.0 | Very Good | 15.0 | 20.0 |
| 54 | VGL | Vista Group International Limited | Information Technology | 71.0 | Very Good | 20.0 | 20.0 |
| 55 | TAH | Third Age Health Services Limited | Consumer Discretionary | 70.3 | Very Good | 18.0 | 20.0 |
| 56 | MPG | Metro Performance Glass | Real Estate | 70.3 | Very Good | 10.0 | 20.0 |
| 57 | APL | Asset Plus | Real Estate | 69.7 | Good | 15.0 | 20.0 |
| 58 | RYM | Ryman Healthcare Limited | Healthcare | 69.7 | Good | 14.0 | 20.0 |
| 59 | NZM | NZME Limited | Communication Services | 69.7 | Good | 17.0 | 17.0 |
| 60 | FRW | Freightways Group Limited | Industrials | 69.0 | Good | 14.0 | 20.0 |
| 61 | THL | Tourism Holdings Limited | Consumer Discretionary | 69.0 | Good | 11.0 | 20.0 |
| 62 | SMI | Santana Minerals Ltd | Materials | 69.0 | Good | 14.0 | 20.0 |
| 63 | IFT | Infratil Limited | Utilities | 69.0 | Good | 21.0 | 17.0 |
| 64 | POT | Port of Tauranga Limited | Industrials | 69.0 | Good | 12.0 | 20.0 |
| 65 | TGG | T&G Global Limited | Consumer Staples | 69.0 | Good | 11.0 | 20.0 |
| 66 | BPG | Black Pearl Group Limited | Real Estate | 68.3 | Good | 19.0 | 14.0 |
| 67 | BRW | Bremworth Limited | Consumer Discretionary | 68.3 | Good | 18.0 | 20.0 |
| 68 | SVR | Savor Limited | Consumer Staples | 68.3 | Good | 13.0 | 20.0 |
| 69 | GTK | Gentrack Group Limited | Information Technology | 68.3 | Good | 17.0 | 16.0 |
| 70 | SKT | Sky Network Television Limited | Communication Services | 67.6 | Good | 16.0 | 16.0 |
| 71 | VSL | Vulcan Steel Limited | Materials | 67.6 | Good | 13.0 | 20.0 |
| 72 | ANZ | ANZ Group Holdings Limited | Financials | 67.6 | Good | 25.0 | 6.0 |
| 73 | AFC | AFC Group Holdings Limited | Financials | 66.9 | Good | 17.0 | 20.0 |
| 74 | MHJ | Michael Hill International Limited | Consumer Discretionary | 66.9 | Good | 13.0 | 20.0 |
| 75 | WCO | WasteCo Group Limited | Industrials | 66.9 | Good | 13.0 | 20.0 |
| 76 | GXH | Green Cross Health Limited | Healthcare | 66.2 | Good | 11.0 | 20.0 |
| 77 | MCK | Millennium & Copthorne Hotels New Zealand Limited | Consumer Discretionary | 66.2 | Good | 10.0 | 20.0 |
| 78 | MEL | Meridian Energy Limited | Utilities | 66.2 | Good | 12.0 | 20.0 |
| 79 | SEK | Seeka Limited | Consumer Staples | 66.2 | Good | 11.0 | 20.0 |
| 80 | TRU | TRUSCREEN GROUP LIMITED | Industrials | 66.2 | Good | 16.0 | 16.0 |
| 81 | CCC | Cooks Coffee Company Limited | Consumer Staples | 65.5 | Good | 14.0 | 20.0 |
| 82 | TWL | TradeWindow Holdings Limited | Industrials | 65.5 | Good | 15.0 | 16.0 |
| 83 | TWR | Tower Limited | Financials | 64.8 | Good | 11.0 | 18.0 |
| 84 | CMO | The Colonial Motor Company Limited | Consumer Discretionary | 64.8 | Good | 13.0 | 17.0 |
| 85 | VNT | Ventia Services Group Limited | Industrials | 64.8 | Good | 14.0 | 13.0 |
| 86 | DOW | Downer EDI Limited | Industrials | 64.1 | Good | 17.0 | 16.0 |
| 87 | RTO | RTO Limited | Information Technology | 64.1 | Good | 14.0 | 16.0 |
| 88 | HLG | Hallenstein Glasson Holdings Limited | Consumer Discretionary | 63.5 | Good | 15.0 | 17.0 |
| 89 | IKE | ikeGPS Group Limited | Materials | 63.5 | Good | 10.0 | 20.0 |
| 90 | WBC | Westpac Banking Corporation | Financials | 63.5 | Good | 20.0 | 9.0 |
| 91 | IPR | Iperion Limited | Real Estate | 62.8 | Good | 15.0 | 20.0 |
| 92 | SML | Synlait Milk Limited | Consumer Staples | 62.8 | Good | 10.0 | 20.0 |
| 93 | 2CC | 2 Cheap Cars Group Limited | Financials | 61.4 | Good | 13.0 | 16.0 |
| 94 | FCG | Fonterra Co-operative Group Limited | Consumer Staples | 61.4 | Good | 16.0 | 17.0 |
| 95 | FWL | Foley Wines Limited | Consumer Staples | 61.4 | Good | 10.0 | 20.0 |
| 96 | BLT | BLIS Technologies Limited | Consumer Staples | 61.4 | Good | 16.0 | 20.0 |
| 97 | GMT | Goodman Property Trust | Real Estate | 61.4 | Good | 18.0 | 13.0 |
| 98 | FSF | Fonterra Shareholders' Fund | Consumer Staples | 60.0 | Good | 14.0 | 17.0 |
| 99 | ARB | ArborGen Holdings Limited | Industrials | 60.0 | Good | 19.0 | 14.0 |
| 100 | SDL | Solution Dynamics Limited | Consumer Discretionary | 59.3 | Adequate | 17.0 | 13.0 |
| 101 | NZK | New Zealand King Salmon Investments Limited | Consumer Staples | 57.2 | Adequate | 9.0 | 20.0 |
| 102 | DGL | Delegat Group Limited | Consumer Staples | 56.5 | Adequate | 20.0 | 2.0 |
| 103 | CHI | Channel Infrastructure NZ Limited | Energy | 56.5 | Adequate | 20.0 | 7.0 |
| 104 | SKC | SkyCity Entertainment Group Limited | Consumer Discretionary | 54.5 | Adequate | 15.0 | 11.0 |
| 105 | BAI | Being AI | Healthcare | 54.5 | Adequate | 10.0 | 16.0 |
| 106 | TRA | Turners Automotive Group | Consumer Discretionary | 53.8 | Adequate | 9.0 | 16.0 |
| 107 | NTL | New Talisman Gold Mines Ltd | Industrials | 53.1 | Adequate | 20.0 | 2.0 |
| 108 | ENS | Enprise Group Limited | Information Technology | 51.0 | Adequate | 12.0 | 9.0 |
| 109 | MEX | Minerals Exploration Limited | Materials | 50.3 | Adequate | 18.0 | 2.0 |
| 110 | LIC | Livestock Improvement Corporation Limited | Financials | 45.5 | Poor | 11.0 | 4.0 |
| 111 | CVT | Comvita Limited | Industrials | 45.5 | Poor | 14.0 | 2.0 |
| 112 | RAK | Rakon Limited | Information Technology | 42.8 | Poor | 13.0 | 2.0 |
| 113 | PGW | PGG Wrightson Limited | Industrials | 42.1 | Poor | 20.0 | 2.0 |
| 114 | CRP | Chatham Rock Phosphate Limited | Industrials | 42.1 | Poor | 15.0 | 6.0 |
| 115 | VHP | Vital Healthcare Property Trust | Real Estate | 37.9 | Very Poor | 16.0 | 2.0 |
| 116 | UVA | Uvre Limited | Materials | 32.9 | Very Poor | 20.0 | 0.0 |
| 117 | LOC | Locate Technologies Limited | Information Technology | 25.7 | Very Poor | 18.0 | 0.0 |
| 118 | RGI | Rua Gold Inc | Materials | 17.1 | Very Poor | 12.0 | 0.0 |
| 119 | TCM | Taiko Critical Minerals Limited | Materials | 17.1 | Very Poor | 12.0 | 0.0 |