Accenture Plc · NYSE:ACN
Accenture — Shareholder Meeting (January 2010)
13 slides from Accenture's shareholder meeting presentation, Jan 28, 2010
Slide 1: Accenture plc Schedule 14A
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Conf
Slide 2: Total fee paid and filing information
5) Total fee paid: ¨ Fee paid previously with preliminary materials. ¨ Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or th
Slide 3: Presentation used for Share Incentive Plan proposal
Beginning on January 28, 2010, Accenture plc used the following presentation to provide additional information about the Accenture plc 2010 Share Incentive Plan proposal that will be voted on at the 2010 Annual General Meeting of Shareholders.
Slide 4: Accenture's Share Incentive Plan: Background to the Recommendation of the Board
Accenture’s Share Incentive Plan Background to the Recommendation of the Board of Directors January 28, 2010 Copyright © 2010 Accenture All Rights Reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.
Slide 5: Overview
Overview In conjunction with Accenture’s 2010 Annual General Meeting of Shareholders on February 4, the Board of Directors is recommending approval of a new Share Incentive Plan. The new Plan is a continuation of the company’s current Share Incentive Plan, which expires in June 2011. • Our performan
Slide 6: Overview
Overview • Approval of this plan will: – Ensure the retention of skilled / high-performing executives by providing a financial incentive for remaining with the company. – Instill owner-operator behaviors, primarily at the senior-executive level, motivating senior management to deliver results that s
Slide 7: Share Incentive Plan: Primary Components
Share Incentive Plan: Primary Components We Use Restricted Share Units to Reward Promotion and Performance Promotion Equity Awards • Eligibility limited to Accenture senior executives (~4,500 individuals). • Awards acknowledge promotion into or within the company’s senior-executive ranks. • Equity v
Slide 8: 2010 Share Incentive Plan: Key Highlights
2010 Share Incentive Plan: Key Highlights • Participation: The company grants equity to senior managers, senior executives and directors. • Expiration: 10 years • Administration: The Board of Directors’ Compensation Committee, which is comprised entirely of outside independent directors, as per NYSE
Slide 9: Response to RiskMetrics Group's Recommendations
2010 Share Incentive Plan: Response to RiskMetrics Group’s Recommendations • Accenture’s 2010 Share Incentive Plan allows for both time- and performance- based equity grants. • All awards under the key executive performance share program are contingent upon the executive meeting specific performance
Slide 10: Response to RiskMetrics Group's Recommendations
2010 Share Incentive Plan: Response to RiskMetrics Group’s Recommendations • We are pleased that RiskMetrics Group has recognized that our dilution level is “acceptable” and “does not disproportionately dilute shareholders’ interests.”* • RiskMetrics Group would have Accenture “attach performance co
Slide 11: Use of Cash to Manage Accenture's Share Count
Use of Cash to Manage Accenture’s Share Count • Since its IPO in July 2001, Accenture has generated $15.4 billion* in free cash flow, returning $14.5 billion to shareholders. Of this, approximately 82% was returned through share repurchases. • On average, Accenture has repurchased 55 million shares
Slide 12: Accenture's Ongoing Commitment to Reducing Shares Outstanding
Accenture’s Ongoing Commitment to Reducing Shares Outstanding Since its IPO, Accenture has reduced shares outstanding by 23%. 1,050,000,000 1,000,000,000 950,000,000 900,000,000 850,000,000 800,000,000 750,000,000 Aug-01 8/31/01 11/30/09 Shares Outstanding (diluted) 1,008,163,290 773,696,423 Copyrig
Slide 13: Implications If Not Approved
2010 Share Incentive Plan: Implications If Not Approved • Without approval of the new Share Incentive Plan, Accenture would be unable to use equity as part of its compensation program, as its competitors do. – Accenture would be at an extreme competitive disadvantage in attracting talent, particular