Ethics and Systemic Risk Viewpoints

Share buybacks and their governance implications
Share buybacks have proliferated in recent times. This ICGN Viewpoint, prepared in collaboration with three separate ICGN Committees – Business Ethics, Corporate Risk Oversight and Executive Remuneration – examines them from a governance point of view. It touches on the arguments in favour or against using buybacks as an instrument for managing capital and focuses on how boards should decide on buybacks and how shareholders should engage with them about their decision.