| Accenture |
|Interest of||John Glen|
|Member of||Atlantic Council/Corporate Members, Business Roundtable, Business for Inclusive Growth, World Economic Forum/Strategic Partners|
|multinational corporation that is heavily involved in privatization and public-private partnerships in sectors such as schools.|
Accenture plc is a multinational corporation that provides consulting, outsourcing and processing services. Previously incorporated in the USA, then in Bermuda, since 1 September 2009 the company has been incorporated in Ireland for tax avoidance reasons.
The firm was founded in 1989 as Andersen Consulting, by partners from a number of Arthur Andersen firms around the world. The company changed its name to Accenture on 1 January 2001, as the result of an arbitrator’s decision in August 2000 that severed the contractual ties between Accenture and Andersen Worldwide Société Coopérative (AWSC). Accenture became a public company when it listed on the New York Stock Exchange on 19 July 2001.
In 2012 it was revealed Accenture was paying only 3.5% in tax in the Republic of Ireland as opposed to the average rate of 24% for a UK corporation. Accenture has implemented policies to reduce gendered discrimination such as gender neutral bathrooms and gender neutral dress-codes. The business model consists of charging big fees for drastic reorganizations of the target company or public service, that often results in destruction of the original business or service, but where the new structure is privatized or owned by different hands.