The Hidden Impact of the SEC's Share Repurchasing Disclosure Modernization on Corporate Governance

Abstract

An article on the execution phase of share buy-backs with substantial impact on Corporate Governance.

Michael Seigne and Joerg R. Osterrieder explore the hidden impacts of the SEC's new rules on share buy-backs. They uncover mismatches between companies' goals and their actions, revealing a pressing need for greater transparency and alignment in corporate governance. This insightful piece signals a crucial shift needed towards accountability in the financial world.

Michael Seigne is the founder of Candor Partners Limited. A consultancy focused on bringing fairness to corporates transacting in their own shares and driving change in our capital markets. Formerly he was on the management committee of Redburn (Europe) Limited, prior to that he worked for Virtu Financial and was a Managing Director at Goldman Sachs. He has nearly three decades of experience in securities execution.

Joerg R. Osterrieder is Associate Professor of Finance and Artificial Intelligence at the University of Twente, Netherlands and Professor of Sustainable Finance at Bern Business School, Switzerland, formerly Executive Director in the equity execution team of Goldman Sachs.

Keywords: Disclosure, Financial institutions, Monetary policy, SEC enforcement, Share Buy-backs

JEL Classification: G00