Top law firm Chapman Tripp says it supports the consolidation of NZX boards.
Chapman Tripp partner Rachel Dunne said the firm was pleased the stock exchange was considering ditching its "junior" boards - NZAX and NXT - in favour of one board for all its stocks.
READ MORE: • NZX considers one platform for all listed stocks
"We were very pleased to see NZX's announcement that it is considering consolidation of the junior boards into the main equity board," Dunne said. "We are encouraged by this early sign that new CEO Mark Peterson intends to take bold and active steps to revitalise the future of NZX and our capital markets."
The NXT has, by NZX's own admission, not performed as expected, Dunne said.