LACERA’s Board of Investments has four committees, which review corporate governance and fiduciary oversight information prior to reporting to the full Board(s). Trustees also sit on two joint committees.
- Corporate Governance
- Equity Public/Private
- Credit and Risk Mitigation
- Real Assets
- Joint Audit
- Joint Organizational Governance
Staff members assigned to the committees serve as subject matter experts and execute Board directives.
Corporate Governance
Committee Members
Jason Green, Chair
Elizabeth Ginsberg, Vice Chair
Debbie Martin
David Ryu
Patrick Jones, Alternate
Staff
Jude Perez,
Deputy Chief Investment Officer
Scott Zdrazil,
Senior Investment Officer
Equity: Public/Private
Committee Members
Trevor Fay, Chair
Mike Gatto, Vice Chair
David Ryu
Nicole Mi
Patrick Jones, Alternate
Staff
Christopher Wagner,
Principal Investment Officer
Esmeralda Del Bosque,
Acting Principal Investment Officer
Credit and Risk Mitigation
Committee Members
Mike Gatto, Chair
David Ryu, Vice Chair
Trevor G. Fay
Jason Green
Patrick Jones, Alternate
Staff
Vache Mahseredjian,
Principal Investment Officer
Real Assets
Committee Members
Patrick Jones, Chair
Nicole Mi, Vice Chair
Debbie Martin
Trevor G. Fay
Elizabeth Ginsberg, Alternate
Staff
Jim Rice,
Principal Investment Officer
Joint Audit Committee
Committee Members
Debbie Martin, Chair (BOI)
Wayne Moore, Vice Chair (BOR)
Vivian Gray, Secretary (BOR)
Jason Green, (BOI)
Nancy Durazo, (BOR)
Nicole Mi, (BOI)
Elizabeth Ginsberg, (BOR/BOI)
Staff
Richard Bendall,
Chief Audit Executive
The Audit Committee is made up of seven members: three elected annually from each Board and the ex-officio member of both Boards, the Los Angeles County Treasurer. The committee typically meets in March, July, and November, reporting to the boards as needed to assist them in fulfilling their fiduciary oversight responsibilities. The committee focuses on matters relating to finance, investments, and operations, and oversees LACERA’s governance activities, including risk management practices and related internal controls. Within each organizational area, the Audit Committee oversees four primary functions:
- Policies and programs
- Monitoring and enforcement
- Contracting and coordination
- Reporting and communication
Joint Organizational Governance Committee
Committee Members
Vivian Gray, Chair (BOR)
Patrick Jones, Vice Chair (BOI)
David Ryu, (BOI)
Trevor Fay, (BOI)
Debbie Martin, (BOI)
Shawn Kehoe, (BOR)
Les Robbins, (BOR)
JP Harris, (BOR)
Staff
Steven Rice, Chief Counsel
The Joint Organizational Governance Committee (JOGC) is made up of the Chair, Vice Chair, and appointed member from each board, and an elected committee member from each board. The JOGC typically meets in March, April, June, September, and December, subject to the strategic and planning process calendar. Meetings alternate between scheduled BOR and BOI meetings, with special meetings as needed. The JOGC’s purpose is to serve and facilitate the work of both boards where their duties intersect and to improve their combined oversight. The scope of the JOGC’s responsibilities includes:
- Organizational philosophy
- Strategic planning and budgeting
- Education and travel
- Joint Board policy development
- Legislation, engagement, and advocacy
- Litigation and claims relating to unusual and materials risks
- Chief Executive Officer search
- Board disputes