The SEC announced late last week that it has abandoned its rulemaking efforts begun last May to compel disclosure of share buyback rationales and data. The turnabout follows an October court ruling that the SEC failed to follow required procedures in adopting the rule and the SEC’s indication in December that it could not cure
Share Buybacks
On Share Buybacks, Directors Should Stick with Economics, Avoid Politics
When deciding whether to approve share buybacks, corporate directors are well-advised to tune out the political. Rather, directors should fulfill their fiduciary duty and focus on the economics. Read more