The ICGN’s policy director has called for the inclusion of share buy-backs in the UK’s corporate governance code, which the government is currently reviewing.
The UK Corporate Governance Code should address the use of share buy-backs, according to George Dallas, policy director of the International Corporate Governance Network (ICGN).
A new revision of the code is currently under consultation, but includes no provision in relation to buy-backs.
In a letter to the Financial Times, Dallas says that at the very least companies should be required to disclose the buy-backs they make, either as part of their financial reporting, or as part of a larger report on capital allocation.
The UK government's department for business recently announced a review of buy-backs.
Dallas writes: "It is worth
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