XBRL US Comments on modernisation of share repurchase disclosures
XBRL US has submitted a comment letter in response to a proposal by the Securities and Exchange Commission (SEC) on Share Repurchase Disclosure Modernization. This aims to provide more detailed, frequent information to help investors better understand issuers’ market activity, motivation for share repurchase, and execution of the plan itself, as well as insights into a potential relationship between share repurchase and executive compensation and stock sales. Says XBRL US: “In particular, we support the requirement that these disclosures be prepared using detailed and block text tagging in XBRL format to ensure that these disclosures are accessible and timely for investors and market participants for aggregation, comparison, and analysis.” Hear, hear!
