(Trinidad Express) The Massy Holdings board of directors yesterday said it is “appalled” at the behaviour of its general counsel and executive vice-president of Business Integrity, Angelique Parisot-Potter, during the company’s annual general meeting, and as such has initiated a “disciplinary process” to review her conduct and determine how it should be handled “responsibly yet decisively”.
And while the board categorically denied the accusations made by Parisot-Potter about employees being trained to communicate with the dead and self-heal with “white light energy” describing them as “patently untrue and scandalous”, it said that it has launched an independent probe to look into each of her allegations.
Parisot-Potter’s claims
On Monday, during the conglomerate’s annual general meeting, Parisot-Potter made claims of “bizarre rituals” in the executive leadership training.
“Regrettably, today, I am obliged to speak up about significant governance and fiduciary concerns, as detailed in my 13-page document, including audio evidence, previously shared with our CEO,” Parisot-Potter said.
Massy’s CEO is Gervase Warner.
“Among other matters, one alarming issue is the so-called executive leadership programme, Delphi, which has been present in our organisation for over a decade,” she said.
Parisot-Potter said the programme involves frequent travel to Fort Myers, Florida, and weekly commitments for over a year at a cost per participant of tens of thousands of US dollars.
She said there were over 11 participants last year alone for the leadership programme.
“Their bizarre rituals include that they can train Massy employees to communicate with the dead and that attendees can self heal with ‘white light energy’,” she stated.
“This is a matter of grave concern to shareholders because the couple leading the programme appear to exert disproportionate influence over our executive team. In the midst of a foreign exchange crisis Massy cannot be spending scarce resources on highly dubious activities, and contracts awarded cannot be pushed through without prudent due process. This is not just a governance issue; it’s a blatant disregard for shareholder interests,” she stated.
Parisot-Potter called on the Robert Riley-led Massy board to take this and other issues she raised in her 13-page letter seriously.
Parisot-Potter joined the Massy Group and the executive committee on March 1, 2016.
She is a qualified UK solicitor entitled to practise in the Commonwealth Caribbean.
While Parisot-Potter’s claims took social media by storm they also seemed to impact the stock market.
More than one million Massy shares were sold on the stock market yesterday following Parisot-Potter’s accusations.
According to the data from the Stock Exchange, 1,086,494 Massy shares changed hands yesterday.
This accounted for 84 per cent of the number of shares that were traded on the stock market yesterday when a total of the 1,294,252 changed hands.
The conglomerate’s share price fell by one cent and ended valued at $4.36, the fourth lowest price the share has reached in the last year.
In the past year the Massy shares in daily trading crossed the one million mark 13 times.
The Massy board yesterday issued a press statement categorically denying Parisot-Potter’s claims.
“The Massy Holdings Ltd board of directors is appalled at the conduct of Ms Angelique Parisot-Potter at the company’s annual general meeting, held on Monday December 18, 2023, during which Ms Parisot-Potter identified herself as a shareholder and the company’s general counsel and rose to read a prepared statement in which she alleged that ‘the company is spending scarce foreign exchange on an executive management programme in Fort Myers, Florida, that involves ‘bizarre rituals’ and ‘highly dubious activities’,” the release stated.
“The company categorically denies using the programme to train people to communicate with the dead, or heal with ‘white light’ as alleged by Ms Parisot-Potter. The statements are patently untrue and scandalous,” it stated.
The release stated that on November 26, Parisot-Potter submitted the 13-page document of allegations and concerns to Warner.
“The board takes seriously all allegations and has initiated an independent process to look into each of Ms Parisot-Potter’s allegations. The board, however, is concerned that Ms Parisot-Potter used the occasion of the company’s 100th AGM to follow up on her submission with public disclosure of a matter confidential to the company,” it stated.
“The board has initiated a disciplinary process to review Ms Parisot-Potter’s conduct at the AGM against her duties as the general counsel to the company and will follow due profess to determine how this should be handled responsibly yet decisively,” it stated.
Delphi Sphere Consulting
According to Massy’s annual report last year, directors participated in The Executive Programme provided by Delphi Sphere Consulting, which is led by Paul Dominguez and his wife Indira Dyal-Dominguez.
“The Executive Programme is for executives, their teams, and the future leadership of the organisation who are committed to developing a ‘natural knowing’ that will guide their decision-making process to produce extraordinary business results. The Executive Programme trains and develops leaders to access this ‘intuitive’ You. When you have truly accessed the ‘intuitive’ You, the answers you get never fail you,” the Delphi Sphere Consulting website stated.
“The Executive Programme opens up and creates a clear separation between your mind and the ‘Intuitive You’ which we refer to as Self. Each participant will develop an articulation of the mindful energies operating in the background that determines how and what they say, how they work, how they relate, how they think, what they do and don’t do, and what drives their need to speak. At each conference a deeper and deeper cut of the mindful energies is taken and how they are being played out in their business and life. This ‘awareness’ allows each person more access to the ‘Intuitive You’/ your ‘Self’. Each person’s power to ‘Connect’ to their ‘Self’ expands significantly each time. By the end of the first conference each person will have a clear experience of ‘Connecting’ to their ‘Self’ for the answers that are unique to them and their business. By the end of The Executive Programme, each participant will have direct access to their ‘Self’ on demand and an unquestionable relationship with the power of the results possible when their ‘actions’ are coming from ‘Connecting’ to their ‘Self’, “it stated.
