New Zealand election result 'held hostage' by anonymous board of minor party

New Zealand First leader Winston Peters

New Zealand First leader Winston Peters

There's nothing in them about ministerial positions - Mr Peters says that's something that can be worked out later.

Winston Peters says the decision will be announced as soon as possible after the board has met.

Labour, with 46 seats, will have to go into coalition with both the Greens and NZ First to be able to govern.

The stalling tactic is frustrating voters who have already waited weeks for a solid outcome to the election.

The New Zealand First has held negotiations with both over the past week, but has kept the country guessing over which way it was leaning. Some names that have been revealed include Kristin Campbell-Smith, a former policy analyst at the department of internal affairs, Toa Greening, who stood for the Papakura seat and enjoys mountain biking and Thai food, and South Island party vice-president John Thorn, of whom little is known.

Mr Peters had been working around the commitments of some of the board to bring them together.

He expected constant communication between his party and National and Labour through phone and text, but there were no more face-to-face meetings planned.

At one stage it looked highly likely the New Zealand First board would meet in Wellington tomorrow, but that has now been ruled out, with the latest reports it will take place on Monday.

"The next government won't be decided by voters - but by a faceless and secretive board", wrote Fairfax media's political editor Tracy Watkins in an opinion piece on Friday.

In a statement Peters released on Thursday asking for the board members' privacy to be respected he said: "They are not politicians but New Zealanders who believe in the party and wish to make a contribution to the decision-making process".

They contain details of the concessions offered by National and Labour that will allow NZ First policies to be implemented by the next government.

Time is of the essence, Mr Peters said.