Comstock's magazine 1218 - December 2018 - Page 33

tors understand you want to be near your farmer customers. So if you’re located here, they’ll fund you. vesting area, like Calvert and other green funds. We don’t have those institutions invested in us and we should. can’t train for culture. People either fit the culture or they don’t is really what I’ve found. n How has the trend toward impact in- vesting — as in, investors who support organizations that also create positive social change — affected your com- pany? You’ve said the SEC probe in 2014 that led to a charge of accounting fraud against your former chief operating officer was the toughest time in your career. What did you learn from that experience? Sena Christian is the managing editor for Comstock’s. On Twitter @SenaCChristian or senachristian.com. I’m sure there are some investors we have, because we’re a public company, that are impact investors, but most of our investors would not have that title. Our company has been starting from day one — from the banks we had taking us public and then the analysts we had following us afterward — more in the industrial chem- ical space. So we’re in the same basket as DowDuPont and Monsanto. That’s my next frontier: to get out and talk to investors who are in the organic foods, sustainable foods, wellness, impact in- I was taking a bunch of courses after that about fraud and compliance, and what it really comes down to is the financial controls, people can get around them. Of course, you need to have all the rules and financial controls in place. But you have to focus on culture. As a CEO, you have to really ensure that your culture doesn’t drift into something different than what you want it to be. When you hire new peo- ple, you hire first for culture; second for skills. … you can train for skills. But you To hear more from Pamela Marrone on the U.S. Securities and Exchange Commission probe into Marrone Bio Innovations in 2014, visit our website or SoundCloud. LIVE CONFIDENTLY! “Complete planning for your life and your future, not just investments. WESTLAKE, GRAHL, AND GLOVER A private wealth advisory practice of Ameriprise Financial Services, Inc. 9265 Sierra College Blvd. | Granite Bay, CA 95746 WGGAdvisorGroup.com │ 916.677.1640 That’s where we come in.” WESTLAKE, GRAHL, AND GLOVER. A private wealth advisory practice of Ameriprise Financial Services Inc. The Compass is a trademark of Ameriprise Financial, Inc. Investment advisory services and products are made available through Ameriprise Financial Services, Inc., a registered investment advisor. 1404507ACMR1118 December 2018 | comstocksmag.com 33