The answer: No. Erisa requires retirement plan "sponsors," as employers are known in benefits lingo, to act with "prudence and solely in the best interest of plan participants" in the selection and monitoring of investment options, a Labor Department spokesman said in an e-mail.
George H.W. Bush also believed that to be a conservative was to act with "prudence," one of his favorite words and a philosophy he demonstrated in foreign policy by deciding, once he defeated Saddam Hussein in Kuwait, not to follow him to Baghdad.
Directors have an obvious and practical need to rely on management, committees and outside experts in connection with their oversight and decision-making obligations.They must be authorized to rely on management — and experts — in order to act with prudence and good faith.
A fiduciary is required to act with prudence, skill, care, diligence and good judgment, and they are required to provide full and fair disclosure of all important facts.
Bernie Sanders' proposed tax act "For the 99.8% Act" should concern everyone with wealth.
As the markets pitch and yaw the pressing question is whether central bankers and regulators have acted with swift prudence, or ill-judged panic.There is no doubt that this is a frightening moment.
"Turkey has never acted alone concerning Syria.
The companies that offer retirement accounts to their employees, known as plan sponsors, have fiduciary duties to plan participants under the Employee Retirement Income Security Act to see that the portfolios are run with prudence and loyalty and without conflicts of interest.
While this view of the will is modified by such disciples of Aquinas as Giles of Rome, perhaps under the impetus of the Condemnations of 1277, Aquinas's linking of conscience with prudence and the virtues in general through his concern with weakness of will is innovative and undoubtedly connected with his interest in the Nicomachean Ethics.
He appealed to genuinely conservative virtues of prudence and skepticism concerning sweeping ambition.
Another version of this concern is Gregory Kavka's (1984) description of the project to reconcile morality with prudence.
