New Zealand has moved beyond the point of needing quotas to get more women on to boards but targets are still necessary to avoid relying on luck, say top women in the finance sector.

More than 100 women involved in New Zealand's capital markets attended an event in Auckland on Thursday as part of the NZX's 150-year celebrations to talk about transforming the market and the challenges for women in the sector.

Women make up just 22 per cent of the directors of NZX-listed companies and only three out of the top 50 companies have female chief executives.

Twenty-seven listed

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