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Korn/Ferry International

(KFY) - Get Korn Ferry Report

said its board approved the repurchase of up to $25 million of its common stock.

The Los Angeles-based company said that the buyback program will begin after the completion of the company's $50 million stock buyback program announced in December 2005, under which about $22 million remains authorized as of Wednesday.

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"We remain committed to investing in all of our human capital offerings and exploring new growth opportunities that will enable us to better meet the needs of our clients," the company added. "We believe we are following the right strategy and have the resources to continue to reward our shareholders, while still investing in the business and remaining financially sound."

The stock was up 33 cents, or 1.6%, to $20.40 Wednesday.

This story was created through a joint venture between and IRIS.