Closed Session: Audit & Risk Committee Meeting Minutes
Meeting: December 8, 2023 | Posted: December 9, 2025 | SURS Board of Trustees Meeting Minutes
The meeting of the of the Audit & Risk Committee of the Board of Trustees of the State Universities Retirement System (SURS) convened on Friday, December 8, 2023, at 9:45 a.m.
Upon motion by Trustee Rock, seconded by Trustee Hendrie, and following a roll call vote, the SURS Audit & Risk Committee went into closed session pursuant to §2(c)(8) of the Open Meetings Act.
The following trustees were present: Mr. Andriy Bodnaruk, Mr. Richard Figueroa, Ms. Jamie-Clare Flaherty (via zoom), Dr. Fred Giertz, Mr. Scott Hendrie, Mr. John Lyons, Mr. Pranav Kothari, Dr. Steven Rock, Mr. Antonio Vasquez, Mr. Collin Van Meter, and Mr. Mitch Vogel.
Others present: Ms. Suzanne Mayer, Executive Director; Mr. Douglas Wesley, Chief Investment Officer (CIO); Mr. Michael Schlachter, CIO Designee; Ms. Tara Myers, Chief Financial Officer; Ms. Bianca Green, General Counsel; Ms. Nichole Hemming, Chief Human Resources Officer; Ms. Jackie Hohn, Chief Internal Auditor; Mr. Jefferey Saiger, Chief Technology Officer; Ms. Kristen Houch, Director of Legislative and Stakeholder Relations; Ms. Kelly Carson, Ms. Chelsea McCarty, and Annette Ackerman, Executive Assistants; and Mr. Michael Calabrese of Foley.
The SURS Board of Trustees went into closed session at 9:45 a.m.
Information Systems Security Update
Mr. Jefferey Saiger shared updates regarding the SURS Information Security Program. The Information Security team ran new types of social engineering simulations to further raise SURS staff awareness of different cyber-attacks they may encounter. Results of these tests were shared with the Board.
Fraud Report
There was no Fraud report brought before the Audit & Risk Committee.
Return to Open Session
The open meeting resumed at 10:00 a.m.
Ms. Suzanne Mayer
Executive Director and Secretary, SURS Board of Trustees