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.
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.
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.
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.
They act with the prudence, skill, care, diligence and good judgment of a professional; provide conspicuous, full and fair disclosure of all important facts; avoid conflicts of interest; and fully disclose and fairly manage, in the client's favor, unavoidable conflicts.
Mayor Anthony A. Williams said this evening that the police had acted with appropriate force when challenged today, and that the mass arrests of peaceful protesters the night before were justified as a matter of prudence.
Putin's aggression took Western leaders—especially Barack Obama and Angela Merkel too much by surprise, but they have acted since with clarity and prudence.
Putin's aggression took Western leaders — especially Barack Obama and Angela Merkel — too much by surprise, but they have acted since with clarity and prudence.
Do it with prudence, but do it.
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.
