Advisory Committee on Investor Responsibility

The mission of the Advisory Committee on Investor Responsibility (ACIR) is to develop strategies for incorporating consideration of social, environmental, and corporate governance (collectively "SEG") issues into the management of The New School's investments. Issues under consideration include but are not limited to: human rights, labor standards, environmental sustainability, equity, diversity, discrimination, and corporate governance and disclosure. Authorized by the university Board of Trustee's policy and procedures on Investment Responsibility, the ACIR presents recommendations on SEG issues that arise in the management of the university's endowment to the Investment Committee of the Board of Trustees.

Committee Members

Committee members are appointed by the New School president to serve staggered two-year terms. The ACIR consists of two trustees, two faculty members, two students, and two staff members. Faculty and student nominations come from the Faculty and Student Senate, respectively, or through self-nomination. All candidates are asked to submit their résumés and cover letters describing relevant interests and background.


Charles H. Allison, Jr., Chair

Charles is an associate professor of professional practice at the Milano School of International Affairs, Management, and Urban Policy at The New School for Public Engagement. He was previously a visiting senior lecturer at the Johnson School of Management at Cornell University, and is a Fellows program mentor at The Legatum Center for Development and Entrepreneurship at MIT. Since 2005, he has been chief executive officer of Commonwealth Biofuels (CWBiofuels). Earlier he founded Vision Consulting Associates. Charles earned an AB from Dartmouth College, majoring in geography with a concentration in environmental studies, before earning his MBA at Harvard Business School. He currently serves on the board of directors of WE ACT for Environmental Justice and the Executive Committee of the Dartmouth Alumni Association of New York City, and he is a member of The Partnership for a New American Economy and the Admissions Board at Harvard Business School.


Robert Hoerle

Robert Hoerle is Managing Partner and Co-Founder of Stone Run Capital LLC. Stone Run is an independent investment advisor founded in 2009. Its clients include charitable organizations, individuals, and family offices. It manages equity and fixed-income accounts. Mr. Hoerle graduated from Yale University and Harvard Business School. In addition to being a Trustee at The New School, Mr. Hoerle is also a Trustee at Woods Hole Oceanographic Institution, the Kent School and the Milbank Memorial Fund.

Bevis Longstreth

Bevis was the 60th commissioner of the SEC, appointed twice by President Ronald Reagan. He served from 1981 to 1984. For more than two decades, Longstreth was a partner in the New York–based law firm of Debevoise & Plimpton, where he spent his entire career as a lawyer. From 1994 to 1999, Longstreth was an adjunct professor at Columbia University School of Law, teaching the regulation of financial institutions. He has been a frequent speaker and lecturer on various securities and corporate law topics. He is a former member of the Board of Governors of the American Stock Exchange, a former director of INVESCO, plc, and a former trustee of College Retirement Equities Fund. For many years he served on the Pension Finance Committee of The World Bank. He currently serves on the boards of Grantham, Mayo & Van Otterloo, New School University, and the Center for Public Integrity.


Susan Sawyer

Susan is an associate general counsel of the university. She handles a wide range of matters for the university, including commercial transactions, real estate, corporate and contract matters, global activities, partnerships and affiliations, intellectual property, and risk management and insurance. She joined the university as an assistant general counsel in 2001 and was promoted to associate general counsel in 2007. Before joining The New School, Susan worked for seven years at the New York law firm Baer Marks & Upham LLP in the commercial litigation department. She has a Bachelor of Arts from Lehigh University, magna cum laude, and a Juris Doctor from Columbia University.

Ian Morlan

Ian holds master's degrees in both philosophy and nonprofit management. He is employed by The New School in the Office of Budget and Planning.

Advisory Members

Tokumbo Shobowale, Chief Operating Officer

Tokumbo became chief operating officer of The New School in November 2013. Prior to that, he served the City of New York as chief business operations officer, the Bloomberg administration’s lead official for implementing business-friendly practices. Earlier he was director of infrastructure and the built environment for the city’s Initiative on Rebuilding and Resiliency, a response to Hurricane Sandy. Tokumbo also served as chief of staff to the deputy mayor for economic development, overseeing more than a dozen agencies, and as COO of the New York City Economic Development Corporation. In both roles, he facilitated the city’s economic diversification and in particular the applied sciences initiative, which attracted Cornell-Technion to New York City and facilitated NYU-Poly’s creation of the Center for Urban Science and Progress. He holds an MBA from MIT’s Sloan School of Management, an MA from Columbia University’s School of International and Public Affairs, and an AB from Stanford University.

Larry Woods, Compliance and Risk Analyst

Larry has served as a support staff member to the ACIR since he was hired in the Finance and Business Office as the compliance and risk analyst in the summer of 2010. He has brought to The New School his experience in finance, operations, and contract management and an academic background including a bachelor’s degree from Northeastern University and a master’s degree in public administration from New York University.

Linda Hirst, Senior Director of Investments, Treasury, and Risk Management

Linda is the Senior Director of Investments and Risk Management at The New School. Before joining the University in 2008, she was a Managing Director at Depfa Bank, where she established the bank’s first U.S. Credit Risk Department and chaired its U.S. Credit Committee. Prior to Depfa Bank, Linda was a Managing Director at Moody’s Investors Service and a senior member of Moody’s Rating Committee and Credit Policy Committee. Linda received her MPA from New York University and her BA from the University of Pennsylvania.