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David Teigman : Hello and welcome to The Proskauer Benefits Brief: Legal Insight on Employee Benefits and ExecutiveCompensation. David Teigman : Nick, there’s a theme to what you are saying about the US construct. I want to now turn to the UK construct. But that’s a topic for another podcast! 2] George Bernard Shaw.
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4] The Proposed Rules eliminate the “pecuniary” versus “non-pecuniary” construct, and instead provide that a fiduciary “may” (read: “should”) consider any factor material to the risk/return analysis, including climate change and other ESG factors. Broadens the Definition of a “Tie-Breaker.”
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