Loading rankings...
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 | SPG | Stride Property Limited | Real Estate | 86.2 | Excellent | 21.0 | 20.0 |
| 2 | FBU | Fletcher Building | Materials | 86.2 | Excellent | 24.0 | 20.0 |
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: 12 May 2026.
| 3 | OCA | Oceania Healthcare Limited | Healthcare | 85.5 | Excellent | 22.0 | 20.0 |
| 4 | PEB | Pacific Edge Limited | Healthcare | 84.1 | Excellent | 22.0 | 20.0 |
| 5 | PHL | Promisia Healthcare Limited | Healthcare | 84.1 | Excellent | 22.0 | 20.0 |
| 6 | AFI | Australian Foundation Investment Company Limited | Financials | 82.8 | Excellent | 20.0 | 20.0 |
| 7 | MCY | Mercury NZ Limited | Utilities | 82.8 | Excellent | 21.0 | 20.0 |
| 8 | RUA | Rua Bioscience Limited | Healthcare | 82.1 | Excellent | 21.0 | 20.0 |
| 9 | AIA | Auckland International Airport Limited | Industrials | 81.4 | Excellent | 21.0 | 20.0 |
| 10 | NZX | NZX Limited | Financials | 80.7 | Excellent | 17.0 | 20.0 |
| 11 | KPG | Kiwi Property | Real Estate | 80.7 | Excellent | 18.0 | 20.0 |
| 12 | MFB | My Food Bag Group Limited | Financials | 80.0 | Excellent | 19.0 | 20.0 |
| 13 | PFI | Property for Industry Limited | Real Estate | 80.0 | Excellent | 19.0 | 20.0 |
| 14 | KMD | KMD Brands Limited | Consumer Discretionary | 79.3 | Very Good | 24.0 | 20.0 |
| 15 | SUM | Summerset Group Holdings Limited | Healthcare | 79.3 | Very Good | 24.0 | 20.0 |
| 16 | SAN | Sanford Limited | Consumer Staples | 78.6 | Very Good | 20.0 | 20.0 |
| 17 | STU | Steel & Tube Holdings Limited | Materials | 77.9 | Very Good | 23.0 | 20.0 |
| 18 | AOF | AoFrio Limited | Financials | 77.2 | Very Good | 23.0 | 20.0 |
| 19 | AFT | AFT Pharmaceuticals Limited | Healthcare | 77.2 | Very Good | 20.0 | 20.0 |
| 20 | NPH | Napier Port Holdings Limited | Industrials | 77.2 | Very Good | 17.0 | 20.0 |
| 21 | CDI | CDL Investments New Zealand Limited | Real Estate | 76.5 | Very Good | 20.0 | 20.0 |
| 22 | BFG | Burger Fuel Group Limited | Consumer Discretionary | 75.9 | Very Good | 17.0 | 20.0 |
| 23 | HGH | Heartland Group Holdings Limited | Financials | 75.9 | Very Good | 21.0 | 16.0 |
| 24 | CNU | Chorus Limited | Communication Services | 75.9 | Very Good | 20.0 | 20.0 |
| 25 | SKL | Skellerup Holdings Limited | Industrials | 75.9 | Very Good | 17.0 | 20.0 |
| 26 | GNE | Genesis Energy Limited | Utilities | 75.9 | Very Good | 18.0 | 20.0 |
| 27 | MFT | Mainfreight Limited | Industrials | 75.9 | Very Good | 15.0 | 20.0 |
| 28 | SCL | Scales Corporation Limited | Industrials | 75.9 | Very Good | 16.0 | 20.0 |
| 29 | AIR | Air New Zealand | Industrials | 75.2 | Very Good | 24.0 | 20.0 |
| 30 | WHS | The Warehouse Group Limited | Consumer Discretionary | 75.2 | Very Good | 18.0 | 20.0 |
| 31 | RAD | Radius Residential Care Limited | Healthcare | 74.5 | Very Good | 15.0 | 20.0 |
| 32 | MEE | Me Today Limited | Consumer Staples | 73.8 | Very Good | 17.0 | 20.0 |
| 33 | ALF | Allied Farmers Limited | Financials | 73.8 | Very Good | 19.0 | 19.0 |
| 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 | WIN | Winton Land Limited | Real Estate | 73.8 | Very Good | 14.0 | 20.0 |
| 37 | CEN | Contact Energy Limited | Utilities | 73.1 | Very Good | 16.0 | 20.0 |
| 38 | FRW | Freightways Group Limited | Industrials | 73.1 | Very Good | 17.0 | 20.0 |
| 39 | NZM | NZME Limited | Communication Services | 73.1 | Very Good | 17.0 | 17.0 |
| 40 | RBD | Restaurant Brands New Zealand Limited | Consumer Discretionary | 73.1 | Very Good | 13.0 | 20.0 |
| 41 | AGL | Accordant Group Limited | Utilities | 72.4 | Very Good | 20.0 | 16.0 |
| 42 | GEN | General Capital Limited | Financials | 72.4 | Very Good | 18.0 | 20.0 |
| 43 | SPK | Spark New Zealand Limited | Communication Services | 72.4 | Very Good | 19.0 | 20.0 |
| 44 | SKO | Serko Limited | Industrials | 72.4 | Very Good | 18.0 | 20.0 |
| 45 | PYS | PaySauce Limited | Information Technology | 71.7 | Very Good | 18.0 | 17.0 |
| 46 | BRW | Bremworth Limited | Consumer Discretionary | 71.7 | Very Good | 18.0 | 20.0 |
| 47 | TGG | T&G Global Limited | Consumer Staples | 71.7 | Very Good | 13.0 | 20.0 |
| 48 | BGP | Briscoe Group Limited | Consumer Discretionary | 71.0 | Very Good | 18.0 | 20.0 |
| 49 | MKR | Manuka Resources Limited | Materials | 71.0 | Very Good | 15.0 | 20.0 |
| 50 | VGL | Vista Group International Limited | Information Technology | 71.0 | Very Good | 20.0 | 20.0 |
| 51 | ATM | The a2 Milk Company Limited | Consumer Staples | 71.0 | Very Good | 18.0 | 20.0 |
| 52 | TAH | Third Age Health Services Limited | Consumer Discretionary | 70.3 | Very Good | 18.0 | 20.0 |
| 53 | MHJ | Michael Hill International Limited | Consumer Discretionary | 70.3 | Very Good | 13.0 | 20.0 |
| 54 | MPG | Metro Performance Glass | Real Estate | 70.3 | Very Good | 10.0 | 20.0 |
| 55 | ARG | Argosy Property Limited | Real Estate | 69.7 | Good | 15.0 | 20.0 |
| 56 | APL | Asset Plus | Real Estate | 69.7 | Good | 15.0 | 20.0 |
| 57 | MOV | MOVE Logistics Group Limited | Industrials | 69.7 | Good | 16.0 | 16.0 |
| 58 | RYM | Ryman Healthcare Limited | Healthcare | 69.7 | Good | 14.0 | 20.0 |
| 59 | GTK | Gentrack Group Limited | Information Technology | 69.7 | Good | 18.0 | 16.0 |
| 60 | PCT | Precinct Properties New Zealand Limited | Real Estate | 69.7 | Good | 15.0 | 20.0 |
| 61 | FPH | Fisher & Paykel Healthcare Corporation Limited | Healthcare | 69.0 | Good | 14.0 | 20.0 |
| 62 | GXH | Green Cross Health Limited | Healthcare | 69.0 | Good | 13.0 | 20.0 |
| 63 | MCK | Millennium & Copthorne Hotels New Zealand Limited | Consumer Discretionary | 69.0 | Good | 12.0 | 20.0 |
| 64 | SMI | Santana Minerals Ltd | Materials | 69.0 | Good | 14.0 | 20.0 |
| 65 | IFT | Infratil Limited | Utilities | 69.0 | Good | 21.0 | 17.0 |
| 66 | POT | Port of Tauranga Limited | Industrials | 69.0 | Good | 12.0 | 20.0 |
| 67 | TRU | TRUSCREEN GROUP LIMITED | Industrials | 69.0 | Good | 18.0 | 16.0 |
| 68 | ERD | EROAD | Industrials | 68.3 | Good | 16.0 | 20.0 |
| 69 | BPG | Black Pearl Group Limited | Information Technology | 68.3 | Good | 19.0 | 14.0 |
| 70 | SVR | Savor Limited | Consumer Staples | 68.3 | Good | 13.0 | 20.0 |
| 71 | TWL | TradeWindow Holdings Limited | Industrials | 68.3 | Good | 17.0 | 16.0 |
| 72 | SPN | South Port New Zealand Limited | Industrials | 68.3 | Good | 14.0 | 20.0 |
| 73 | SKT | Sky Network Television Limited | Communication Services | 67.6 | Good | 16.0 | 16.0 |
| 74 | VCT | Vector Limited | Utilities | 67.6 | Good | 15.0 | 20.0 |
| 75 | ANZ | ANZ Group Holdings Limited | Financials | 67.6 | Good | 25.0 | 6.0 |
| 76 | AFC | AFC Group Holdings Limited | Financials | 66.9 | Good | 17.0 | 20.0 |
| 77 | THL | Tourism Holdings Limited | Consumer Discretionary | 66.9 | Good | 12.0 | 20.0 |
| 78 | WCO | WasteCo Group Limited | Industrials | 66.9 | Good | 13.0 | 20.0 |
| 79 | CMO | The Colonial Motor Company Limited | Consumer Discretionary | 66.2 | Good | 14.0 | 17.0 |
| 80 | MEL | Meridian Energy Limited | Utilities | 66.2 | Good | 12.0 | 20.0 |
| 81 | SEK | Seeka Limited | Consumer Staples | 66.2 | Good | 11.0 | 20.0 |
| 82 | CCC | Cooks Coffee Company Limited | Consumer Staples | 65.5 | Good | 14.0 | 20.0 |
| 83 | DOW | Downer EDI Limited | Industrials | 65.5 | Good | 18.0 | 16.0 |
| 84 | TWR | Tower Limited | Financials | 64.8 | Good | 11.0 | 18.0 |
| 85 | VNT | Ventia Services Group Limited | Industrials | 64.8 | Good | 14.0 | 13.0 |
| 86 | FWL | Foley Wines Limited | Consumer Staples | 64.1 | Good | 12.0 | 20.0 |
| 87 | RTO | RTO Limited | Information Technology | 64.1 | Good | 14.0 | 16.0 |
| 88 | GMT | Goodman Property Trust | Real Estate | 64.1 | Good | 20.0 | 13.0 |
| 89 | VSL | Vulcan Steel Limited | Materials | 64.1 | Good | 13.0 | 20.0 |
| 90 | HLG | Hallenstein Glasson Holdings Limited | Consumer Discretionary | 63.5 | Good | 15.0 | 17.0 |
| 91 | IKE | ikeGPS Group Limited | Materials | 63.5 | Good | 10.0 | 20.0 |
| 92 | WBC | Westpac Banking Corporation | Financials | 63.5 | Good | 20.0 | 9.0 |
| 93 | FCG | Fonterra Co-operative Group Limited | Consumer Staples | 62.8 | Good | 17.0 | 17.0 |
| 94 | IPR | Iperion Limited | Real Estate | 62.8 | Good | 15.0 | 20.0 |
| 95 | SML | Synlait Milk Limited | Consumer Staples | 62.8 | Good | 10.0 | 20.0 |
| 96 | 2CC | 2 Cheap Cars Group Limited | Financials | 61.4 | Good | 13.0 | 16.0 |
| 97 | BLT | BLIS Technologies Limited | Consumer Staples | 61.4 | Good | 16.0 | 20.0 |
| 98 | NZK | New Zealand King Salmon Investments Limited | Consumer Staples | 60.7 | Good | 9.0 | 20.0 |
| 99 | CHI | Channel Infrastructure NZ Limited | Energy | 60.7 | Good | 23.0 | 7.0 |
| 100 | FSF | Fonterra Shareholders' Fund | Consumer Staples | 60.0 | Good | 14.0 | 17.0 |
| 101 | SDL | Solution Dynamics Limited | Consumer Discretionary | 57.9 | Adequate | 16.0 | 13.0 |
| 102 | ARB | ArborGen Holdings Limited | Industrials | 57.2 | Adequate | 17.0 | 14.0 |
| 103 | DGL | Delegat Group Limited | Consumer Staples | 56.5 | Adequate | 20.0 | 2.0 |
| 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 | MEX | Minerals Exploration Limited | Materials | 50.3 | Adequate | 18.0 | 2.0 |
| 109 | ENS | Enprise Group Limited | Information Technology | 48.3 | Poor | 10.0 | 9.0 |
| 110 | LIC | Livestock Improvement Corporation Limited | Financials | 45.5 | Poor | 11.0 | 4.0 |
| 111 | VHP | Vital Healthcare Property Trust | Real Estate | 43.5 | Poor | 20.0 | 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 | CVT | Comvita Limited | Industrials | 42.1 | Poor | 14.0 | 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 |