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 Committee Reporting, Business Continuity and Disaster Recovery, and Cyber Liability Insurance. Further enhancements to our information security program are underway.
Tracking Specific Goals and Progress
At LACERA, we believe in the power of setting and sharing organizational goals. We understand that steady, incremental progress is the key to success and that transparency is essential in fostering a collaborative and accountable environment. To provide organizational transparency, we will be regularly tracking and updating our progress toward each of our stated goals.
Started | Pending | In Progress | Completed |
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TBD | TBD | TBD | TBD |