Board of Investments Committees

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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
Keith Knox, Chair
Onyx Jones, Vice Chair
Herman B. Santos
Patrick Jones
Gina Sanchez, Alternate

Staff
Jude Perez, Principal Investment Officer
Scott Zdrazil, Senior Investment Officer

Equity: Public/Private

Committee Members
Herman B. Santos, Chair
Patrick Jones, Vice Chair
Onyx Jones
David E. Ryu
Gina Sanchez, Alternate

Staff
Christopher Wagner, Principal Investment Officer
Esmeralda Del Bosque, Acting Principal Investment Officer

Credit and Risk Mitigation

Committee Members
Joseph Kelly, Chair
Onyx Jones, Vice Chair
Jason Green
David E. Ryu
David Green, Alternate

Staff
Vache Mahseredjian, Principal Investment Officer

Real Assets

Committee Members
Patrick L. Jones, Chair
Joseph Kelly, Vice Chair
Jason Green
Keith Knox
Herman Santos, Alternate

Staff
Jim Rice, Principal Investment Officer

Joint Audit Committee

    Committee Members

    Onyx Jones, Chair (BOI)
    Keith Knox, Ex-Officio, Vice Chair (BOR/BOI)
    Patrick Jones, Secretary (BOI)
    Gina V. Sanchez, (BOI)
    Shawn Kehoe, (BOR)
    Antonio Sanchez, (BOR)
    Jason Green, (BOR)

    Staff

    Richard Bendall, Chief Audit Executive

    The Audit Committee is made up of the Chair, Vice Chair, and elected Audit Committee member from each board. The committee typically meets in March, July, and November on the third Wednesday of the month, 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

      Herman B. Santos, (BOI), Chair 
      David Green, (BOI), Vice Chair
      Gina Sanchez, (BOI)
      Onyx Jones, (BOI)
      Shawn Kehoe, (BOR)
      Alan Bernstein, (BOR)
      Elizabeth Greenwood, (BOR)
      Ronald Okum, (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