Risk is defined as the potential impact on objective achievement. LACERA faces various risks, including operational, fiduciary, and compliance risks. To manage risks and seize opportunities aligned with objectives, we employ Enterprise Risk Management (ERM).
Our risk governance structure comprises organization-wide and divisional efforts, including the LACERA Incident Response Team, Policy Committee, IT Coordinating Council, Process Management Group, Operations Oversight Committee and Board Reporting, Internal Audit and Audit, Compliance, Risk, and Ethics Committee Reporting, Business Continuity and Disaster Recovery, and Cyber Liability Insurance. Further enhancements to our information security program are underway.
Goal: Adopt and implement compliance and enterprise risk frameworks aimed at facilitating strengthened governance. Learn more about our strategic priority and how we'll reach our goal.