2026 Committee Composition
For 2026, the OMERS Administration Corporation (AC) Board of Directors (the AC Board) has six standing committees which assist the Board in discharging its responsibilities. The AC Board also uses sub-committees and ad hoc committees from time to time to deal with special situations.
Audit & Risk Committee
The purpose of the Audit & Risk Committee is to assist the AC Board in meeting its fiduciary oversight and related obligations by overseeing:
the integrity of financial reporting, processes and financial statements;
the system of internal control and disclosures, including changes to those systems;
risk matters, including management and risk reporting for risks within the purview of the Committee;
the internal audit function;
the external audit and review of AC’s financial statements;
the organization’s processes for monitoring compliance with policies, laws and regulations and the Code of Conduct and Ethics; and
whistleblower mechanisms and special investigations.
Chair: Penny Somerville
Members: Karen Figueiredo, Cliff Inskip, Diane Kazarian, David McCann, George Cooke (ex officio)
Governance Committee
The purpose of the Governance Committee is to assist the AC Board in meeting its fiduciary oversight and related obligations in relation to governance, communications, and technology matters. This includes ensuring adherence to AC’s governance principles by identifying governance practices and standards (and supporting processes and practices) that promote and enhance effective Board and Management decision-making to ensure the OMERS Plans are governed and administered in the best interests of their members and beneficiaries. In addition, the Committee is responsible for AC’s strategic approach to technology and innovation initiatives, including providing guidance on emerging technologies, cybersecurity, and artificial intelligence initiatives.
Chair: David Tsubouchi
Members: Susan Arab, Paul Elliott, Anik Lanthier, Yung Wu, George Cooke (ex officio)
Human Resources Committee
The purpose of the Human Resources Committee is to assist the AC Board in meeting its fiduciary oversight and related obligations by overseeing: (i) Chief Executive Officer (CEO) performance and compensation; (ii) a robust succession management process for the position of CEO and Senior Executives; and (iii) strategy relating to attracting, engaging and retaining excellent leadership at the senior executive level who are committed to the AC’s Mission Statement, Values and Leadership Capabilities.
Chair: John Armstrong
Members: Diane Kazarian, Rajiv Silgardo, Kevin Skerrett, David Tsubouchi, George Cooke (ex officio)
Investment Committee
The purpose of the Investment Committee is to assist the AC Board with respect to its oversight of investment strategy, risk, policies, and performance, and the approval of large transactions which exceed limits delegated to Management.
Chair: Rajiv Silgardo
Members: John Armstrong, Danielle Harrison, Cliff Inskip, Anik Lanthier, David McCann, Yung Wu, George Cooke (ex officio)
Pensions Committee
The purpose of the Pensions Committee is to assist the AC Board in meeting its fiduciary oversight and related obligations in relation to plan administration and funding and actuarial matters, overseeing risk under the purview of the Committee, measurement and progress on sustainability-related goals relating to OMERS internal operations, and reviewing plan design and contribution rate proposals and decisions made by OMERS Sponsors Corporation (SC) regarding their impact on the current membership.
Chair: Paul Elliott
Members: Susan Arab, Karen Figueiredo, Danielle Harrison, Kevin Skerrett, Penny Somerville, George Cooke (ex officio)
Appeals Committee
The purpose of the Appeals Committee is to assist the AC Board in meeting its fiduciary oversight and related obligations by acting as the final internal appeals body for determinations by the President governing benefit entitlement under the OMERS Pension Plans. The AC Board has delegated authority to adjudicate appeals to the Committee under By-law No. 4. The Committee also assists the AC Board in maintaining a strong administrative law decision-making process by reviewing and making recommendations to the AC Board on changes to the rules respecting practice and procedure before the Committee (the Rules).
Chair: David Tsubouchi
Members: Susan Arab, Paul Elliott, Karen Figueiredo, George Cooke (ex officio)
Asset-Liability Study Committee
The Asset-Liability Study Committee (ALSC) is constituted as an ad hoc Committee of the AC Board consisting of representatives of the Board. The purpose of the ALSC is to assist the AC Board in fulfilling its oversight responsibilities in respect of the 2026 Asset-Liability Study by:
reviewing the impact of liability components of the OMERS Pension Plans
(e.g., discount rate, plan design, demographics) on the funding and sustainability thereof, and the asset mixes under consideration; andrecommending appropriate asset classes and mix to the AC Board, including OMERS Primary Plan asset allocation targets and ranges, taking into account the impact of various investment and economic scenarios.
Chair: George Cooke
Members: John Armstrong, Anik Lanthier, David McCann, Rajiv Silgardo, Kevin Skerrett; Penny Somerville