Committees of the TIAA Board
The TIAA Audit, Investment, Nominating and Governance, Human Resources, Corporate Governance and Social Responsibility, Finance and Risk Management and Customers and Products Committees consist of members of the Board who are independent trustees. Memberships listed below are effective July 14, 2011.
TIAA Executive Committee
This committee acts on behalf of the board between meetings of the full board.
The current members of this committee are Ronald L. Thompson (chair)*, Robert C. Clark, Roger W. Ferguson, Jr., Edward M. Hundert, Maureen O'Hara, Donald K. Peterson, Sidney A. Ribeau, David L. Shedlarz, Marta Tienda and Rosalie J. Wolf.
TIAA Nominating and Governance Committee
This committee is responsible for TIAA governance policies and practices. Among other things, they nominate trustees for election, recommend the size, structure and composition of the boards and their committees, and recommend governance guidelines for the companies.
TIAA Human Resources Committee
This committee is responsible for TIAA’s compensation and personnel policies and practices, including recommending the appointment and compensation of the chief executive officer and other principal officers.
TIAA Committee on Corporate Governance and Social Responsibility
This committee develops and recommends policy positions on selected corporate governance and social responsibility issues for consideration by the full TIAA Board of Trustees.
TIAA Investment Committee
This committee sets policy for, and approves, all of the investments that TIAA makes, including those in commercial mortgage loans, real estate investments, investments in publicly traded bonds, and individually negotiated business loans (also known as private placements or direct loans).
TIAA Retirement and Individual Business Committee
The Committee was established to monitor product and service strategies and recommend significant new products and services to the Board. The Committee also monitors the company’s competitive position and customer service quality issues, individual and institutional marketing as well as technology issues that have customer impact.
TIAA Audit Committee
This committee assists the board in overseeing the internal audit function, independent auditors, financial and operating reporting practices, internal controls, and compliance with laws, regulations and ethics policy.
TIAA Finance and Risk Management Committee
This committee assists the Board in overseeing management of assets, liabilities and risks.
The current members of this committee are Donald K. Peterson (chair), Jeffrey R. Brown, Roger W. Ferguson, Jr., Lawrence H. Linden, Dorothy K. Robinson and David L. Shedlarz.
View the Committee Charter
TIAA Diversified Business Committee
The Diversified Business Committee assists the Board in fulfilling its oversight responsibilities relating to the Company’s diversified businesses, including Kaspick & Company, LLC, Covariance Capital Management, Inc., TIAA-CREF Trust Company, FSB and TIAA- CREF Life Insurance Company.
The current members of this committee are Maureen O'Hara (chair), Lisa W. Hess, David L. Shedlarz and Ronald L. Thompson.
View the Committee Charter
* Chairman of the TIAA Board
** Members of the TIAA Real Estate Account Special Subcommittee
***For purpose of membership on TIAA Real Estate Account Special Subcommittee only
**** TIAA Real Estate Account Special Subcommittee Alternates