Women are still vastly under-represented on boards with data from the NZX showing the ratio of male to female directors has not changed in the last year.
For the companies that filed information in the 2016 calendar year, 83 per cent of directors were male and 17 per cent were female - identical to the ratio from the previous year, despite efforts to get more women on boards.
Of the companies that filed information in the December quarter, the proportion of male directors rose to 87 per cent, with female director numbers falling to 13 per cent.
Linda Noble, chief executive for Governance New Zealand and Women on Boards, said while publishing the data was a good move, the results were disappointing.
"New Zealand has a wealth of outstanding potential board member candidates, many of whom are Women on Boards members," Noble said.