By Prior Beharry
THE independent investigation after allegations by a Massy executive of “bizarre rituals” at the company’s executive training programme at Fort Myers in Florida has been completed.
A release by Massy on Saturday stated, “The independent investigation initiated by Massy into the allegations contained in a 13-page document submitted by its former Executive Vice President of Business Integrity and General Counsel, Angélique Parisot-Potter has been completed.”
The investigation began on January 14, 2024, and was conducted by attorneys Kerwyn Garcia SC and Vishma Jaisingh.
The investigators submitted their report on Thursday to Luisa Lafaurie Rivera, an Independent Non-Executive Director, and Chairperson of the Board’s Governance, Nomination and Remuneration Committee, the release stated.
It stated that the 456-page report treats separately with each of the more than 100 allegations contained in Parisot-Potter’s statement and is supported by more than 2,000 pages of testimony and related documents, all of which are currently being reviewed by Massy’s attorneys.
Following this review, a Special Board meeting will be convened to discuss the findings and determine what actions, if any, are to be taken arising out of the report, the release noted.
At the company’s 100th annual general meeting last December, Parisot-Potter told about what she described as “bizarre rituals” at the company’s executive leadership programme at Fort Myers in Florida.
She had said, “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.”
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