Excerpt: Pensions are now very much on organizations' core-business agendas and fiduciaries and management committees need to get up to speed. 'This is the way benefits management has always been done' is no longer a valid excuse for poor practices. The way ahead is clear: Align your benefit plan's governance framework with that of the sponsoring company and aspire to world-class governance. From this vantage point, look at the overall impact of benefit plans on corporate finance, employee motivation and talent management.

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