It’s been 20 days since Angélique Parisot-Potter, Massy’s former executive vice president of business integrity and group general counsel, shocked the business community and the country, by making her concerns about the company’s executive leadership programme public.
In that period, her claims were creatively interpreted by the public which led to public mockery of Massy on social media, she was sent on administrative leave, she eventually resigned days later and the company launched an investigation into claims.
In this exclusive interview with the Sunday Guardian, Parisot-Potter explained what prompted her to stand up at the company’ 100th annual general meeting and make her explosive allegations.
Asha Javeed
Lead Editor Investigations
asha.javeed@guardian.co.tt
Angélique Parisot-Potter is no ordinary whistleblower. After all, she wrote Massy’s whistleblower policy.
Her title under employ as Massy’s executive vice president of business integrity and group general counsel carried credibility for the regional conglomerate.
Parisot-Potter is hoping that now, despite being unemployed, her words will hold weight.
Last week, Massy announced that it had appointed an “independent external counsel” (who they refused to identify) to investigate Parison-Potter’s claims.
In addition, Massy halted the executive leadership programme, hosted by Florida-based Delphi Sphere Consulting, at the centre of the controversy.
But while the programme was the focus, Parisot-Potter was pragmatic about what it meant for Massy–as its principles held a “disproportionate influence” over its executives.
Parisot-Potter, a lawyer, said her objection to the Delphi-led training arose from her own experience of having had to do the course as mandated by Massy.
She did the executive leadership training in 2022 and concluded in 2023.
“I was told by the CEO (Gervase Warner) that, quote-unquote, I could not move forward with Massy unless I did Delphi,” she said.
Parisot-Potter is a Catholic and believes in God. However, that belief system did not constrain her from accepting the Delphi guidance which she said focuses on energy training.
Rather, her issue was the credibility of the couple–Paul and Indira Dyal- Dominguez–running the programme and what she described as their “mumbo-jumbo” language of learning.
“It was not mindfulness,” she explained trying to make the distinction, cognisant that meditation is a well-known practised art.
In her estimation, it came down to this couple exerting influence over the company’s executive team and channelling other Massy executives to engage in the training.
“I had to do the programme. I did not have a choice. I was clearly and repeatedly told that it was a condition for continued employment and opportunity for senior members of the executive management team–I cannot move forward with Massy without doing this programme.
“The Delphi experience was and is a serious matter in its violations of my religious beliefs and the beliefs of others, but Delphi in itself was not the problem, Delphi is symptomatic of the real issues.
“The problem is that the contracting and enforced deployment of Delphi was symptomatic of a flawed system of governance and fiduciary oversight–issues I repeatedly raised. In some cases, for which I was attacked, and told that I was not a leader because I didn’t conform,” she said.
“It has been and it is my professional opinion, that this matter and the others I raised are of questionable ethical practices and a very fragile governance system that is in dire need of urgent repair,” she said.
“I spoke to several persons between 2022 and 2023 and there were several persons who felt similarly, but it’s my choice to resign and I would not ask anyone to come forward to jeopardise their livelihood, their jobs and careers,” she added.
Her resignation, a non-negotiated one, was on a matter of principle.
She is aware that her reputation is her currency in these claims.
On December 19, after she spoke at the AGM, she resigned from her Massy-appointed position on the board of the American Chamber of Commerce (Amcham).
“Given the serious nature of the fiduciary and governance concerns I had brought to the company’s attention, it would have been unconscionable for me to continue to serve as the general counsel and officer with responsibility for business integrity without compromising my personal integrity and professional credibility,” she said.
Parisot-Potter wasn’t afraid to walk away from Massy. She had done the same in Egypt, working for an international firm, when governance issues arose.
Following the AGM, Warner had said that several of the company’s directors had also done the programme and that Parisot-Potter would not be the first executive who has had difficulty in a programme like this.
“We think a part of our secret at Massy is that we are willing to do this kind of work as leaders. It is the kind of work that we have done that allows us to have the results the company shows. That is because culture eats strategy for breakfast,” he had said.
Massy’s investigation
While issuing a press statement describing Parisot-Potter’s claims as absurd, Massy’s investigation will focus on the claims raised in the 13-page letter to Warner. Massy, the Sunday Guardian was told, would be guided by the outcome of the investigation.
Why halt a programme which Warner had described as the secret to Massy’s success?
A day after the AGM in an all-staff memo, Warner said the staff was the secret to success
“We want to be clear that, OUR SECRET TO OUR SUCCESS IS OUR PEOPLE WITH OUR CARIBBEAN HEART,” he had said.
That is what Parisot-Potter would like Massy to address.
“To date, I have not been contacted by anyone from Massy concerning the investigation and neither have I been contacted by any investigator. I instructed my attorney to write to Massy to say that I am ready and willing to participate in any such investigation if, as reported in the media, one is ongoing,” she said.
She pointed out that after she took to the floor at the AGM to raise the matter, Massy’s chairman Robert Riley, had responded to her.
“After I made my statement the chairman said this forum was for questions and I’d made a statement and he asked if I had a question, to which I responded with, ‘My question is have you the board reviewed the 13-page document which I submitted and what has been done about the discussion that I have raised in there?’
“The chairman responded by saying that ‘I can tell you that your 13-page document is taken very seriously. We’re in the midst of review and in some investigations as you are aware and we have been communicating with ... I think as recently (turns to look at Gervase ) as a few days ago, with you about it. And we can continue to communicate and hopefully resolve through inquiry, investigation and change. I believe as the chairman of this board we are always open to hearing of issues, resolving those issues, and working through those issues.
“This is not true nor accurate as there has been no communication with me on any of the issues I outlined in the 13-page document then, nor a few days ago as stated by the chairman or to date despite the fact of an investigation being mentioned at the AGM on 18 December; in Massy’s response of the 28th December to my resignation and again on 31st December in the newspapers.
“It is now almost six weeks since I submitted the 13-page document to the CEO and I have had no discussion on many of the concerns I raised in my capacity as (the general counsel) and an employee,” she said.
Parisot-Potter explained that her role as general counsel was to the shareholders and she was not the lawyer to the chief executive of the organisation while she did report to him.
“In my role as general counsel of a publicly traded company, I held a fiduciary responsibility to safeguard and protect the interests of our shareholders. This duty supported my decision to raise concerns about the so-called executive leadership programme called Delphi at the AGM, because, despite my previous communication of this and other issues to the CEO, I have not been contacted regarding any investigation, contrary to the chairman’s claim at the AGM. To demonstrate my dedication to good governance, I have instructed my attorney to convey my readiness to participate in any investigative process,” she said.
Following the AGM, the company’s board of directors issued a statement and said it was appalled by her conduct and has initiated a disciplinary process against her duties as the general counsel to the company and “will follow due process to determine how this should be handled responsibly yet decisively.”
However, while dismissing her claims as “untrue” and “scandalous”, it initiated an independent process to look into her claims.
Following her resignation, she had told Guardian Media that her decision to walk away stemmed from claims being made about her motives and that she was waiting on a settlement from Massy.
“This decision comes one month after I formally raised concerns within Massy and to which I have not received a response. I hope that this will allow me to contribute to the broader conversation on governance, particularly in publicly listed companies,” she said.
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About Parisot-Potter
According to her LinkedIn bio, Parisot-Potter was with Massy for the past seven years.
“I am the executive creating and leading Massy’s Business Integrity Programme, working with the Board, executives and senior management to create a Speak Up and Listen Up culture where open secrets cannot thrive so issues are raised and dealt with sooner rather than later. Between 2016 and 2017, in anticipation of the then 2015 Whistleblower Protection Bill becoming law in Trinidad and Tobago, I wrote and implemented a Speak Up Policy and an anonymous reporting hotline across the group,” it said.
In November, Parisot-Potter was part of a panel by the Economist Impact on “Ethics Independence Trust ‘’ and, in 2020, she gave a TED Talk on how to be an UPstander instead of a Bystander.
The largest shareholder of Massy is the State through the National Insurance Board–20 per cent, Republic Bank Limited (Trust & Asset Management)–ten per cent and the Unit Trust Corporation–4.5 per cent–combined they own 34.5 per cent of Massy.
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Parisot-Potter at the AGM
What Angelique Parisot-Potter said at the Annual General Meeting on December 18, 2023
“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. Among other matters, one alarming issue is the so-called executive leadership programme, which has been present in our organisation for over a decade.
“This 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 for which there were over 11 participants last year, alone. 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’. This is a matter of grave concern to shareholders because the couple leading this programme appears 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. I urge the board to take this, and the other issues I have raised, seriously.”