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In 2015, LAPFF issued a discussion paper on the subject of share buybacks. Since then the matter of share buybacks is now a subject of attention in the government White Paper of August 2017, particularly the impact on executive remuneration, but also other economic implications. Often, the reason given for buybacks is that the company believes the market has undervalued its shares. However, we question how often companies are in a position to make such an assessment accurately. We maintain that this practice can artificially inflate earning per share (“EPS”), create unfair advantage for executives in respect of their remuneration target, and lead to a lack of transparency on actual corporate performance.