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, Compliance, Risk, and Ethics
  • 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
Aleen Langton
Alma Martinez
Patrick Jones, Alternate

Staff
Jude Perez,
Deputy Chief Investment Officer
Scott Zdrazil,
Principal Investment Officer

Equity: Public/Private

Committee Members
Mike Gatto, Chair
Nicole Mi, Vice Chair
Aleen Langton
David Ryu
Alma Martinez, Alternate

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

Credit and Risk Mitigation

Committee Members
Nicole Mi, Chair
David Ryu, Vice Chair
Alma Martinez
Debbie Martin
Patrick Jones, Alternate

Staff
Vache Mahseredjian,
Principal Investment Officer

Real Assets

Committee Members
Patrick Jones, Chair
Aleen Langton, Vice Chair
David Ryu
Debbie Martin
Mike Gatto, Alternate

Staff
Terri Herubin,
Senior Investment Officer
Jude Perez,
Deputy Chief Investment Officer

Joint Audit, Compliance, Risk, and Ethics Committee

Committee Members
Debbie Martin, Chair
Nicole Mi, Vice Chair
Alma Martinez, Secretary
Nancy Durazo, (BOR)
Jason Green, (BOR)
Wayne Moore, (BOR)
Elizabeth Ginsberg, Ex-Officio

Staff
Richard Bendall,
Chief Audit Executive
Steven Rice, Chief Counsel

The Audit, Compliance, Risk, and Ethics 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, Compliance, Risk, and Ethics Committee oversees four primary functions:

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

Joint Organizational Governance Committee

Committee Members
Patrick Jones, Chair
Jason Green, Vice Chair
Debbie Martin, (BOI)
Nicole Mi, (BOI)
Les Robbins, (BOR)
Ronald Okum, (BOR)
Shawn Kehoe, (BOR)
David Ryu, (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

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