The Board of Investments and the LACERA Corporate Governance committee have adopted a Corporate Governance principles document. The committee was created to advise the Board of Investments on Corporate Governance issues and initiatives.

The Corporate Governance quarterly newsletter is available in the Investments section.

This is a Joint Committee of Board of Retirement and Board of Investments members that meets in March, July, and November on the third Wednesday of the month. The Audit Committee assists the Boards of Retirement and Investments in fulfilling their fiduciary oversight responsibilities. Responsible for overseeing LACERA’s governance activities, including risk management practices and related internal controls, it reports to the boards as necessary. The Committee oversees governance, risk management and internal controls in the areas of finance, investments, and operations.

Within each organizational area, the Audit Committee oversees four primary functions:

• Policies and programs
• Monitoring and enforcement
• Contracting and coordination
• Reporting and communication