Indeed, benchmarks do play a valid role in evaluating the performance of a specific fund manager.
FORBES: Investors Need To Make Money, Not Beat Benchmarks
The third way values civil society, but sees the state as having a valid role in promoting it.
ECONOMIST: Ideology
States have a valid role preserving culture and not undermining our heritage, but marriage reflects a sacred covenant before God.
FORBES: Marriage Is A Private Matter That's None Of The Federal Government's Business
Adrian Kamellard, chief executive of the Payments Council, welcomed the government's announcement and said the body would still have a valid role.
BBC: Cheques: Payments Council to be curbed
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