Share Repurchases In Sweden – Is It Time For A Change?
The Swedish Companies Act does not permit companies to repurchase their shares. In this regard, Swedish legislation is stricter than most other countries. Now, however, the Swedish position is being challenged from various circles. In this book, Rolf Skog – one of Sweden’s leading experts in corporate governance – provides a background to the debate along with a summary of repurchase rules in various countries. He also gives an overview of the arguments for and against allowing companies to repurchase shares and outlines how future Swedish legislation could be designed.
Note: Since the publication of this book, the Swedish Companies Act has changed to a more permissive attitude towards repurchasing of own shares in public limited companies. However, the book illustrates the debate leading to that change.
Corporate Governance Forum, 1996
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