3RSOD¨Qk PLQL ]DÏm]HQm 2EMHGQDFm ´mVOR 1gYRG N REVOX]H • '×OHªLWk EH]SRGPmQH´QÁ SÏH´mVW • 3ÐL ¨NRGgFK Y QgYRGX VH Y]QLNO®FK ]WUgFm QgURN QHGRGUªHQmP QD ]gUXNX =D 3ÐL Y]QLNX NRQGHQ]RYDQk YRG\ MH QXWQR QHFKDW ]DÐm]HQm Y\SQXWk DOHVSRÊ KRGLQ\ SRN\QØ • QgVOHGQk ¨NRG\ WmPWR Y]QLNOk QHSÐHEmUgPH ªgGQk UXµHQm 3URYR] ]DÐm]HQm YHQNX QHER YH YOKN®FK SURVWRUgFK MH QHSÐmSXVWQ® • 2EVDK 9 SÐmSDGÂ ªH MH PRGXO Y\VWDYHQ H[WUkPQmP YLEUDFmP QHER RWÐHVØP PÂO E\ E®W SÐLPÂÐHQÂ PÂNFH
• =DÐm]HQm QHVPm E®W SRXªmYgQR Y EOm]NRVWL SR¨NR]HQ\ 9 SÐmSDGÂ SR¨NR]HQm VH PXVm ]DÐm]HQm VQDGQR RNDPªLWÂ RGSRMLW D SRVWDYLW PLPR SURYR] GRNXG QHQm Y]QÂWOLY®FK D Y®EX¨Q®FK NDSDOLQ • SR¨NR]HQ® NDEHO Y\PÂQÂQ 7DWR VWDYHEQLFH D VRXµgVWN\ QHSDWÐm GR GÂWVN®FK • UXNRX • GRGUªRYDW 6WDYHEQLFH VPm E®W XYHGHQD GR SURYR]X SÐmVOX¨Qk PH]Qm KRGQRW\ HOHNWULFN®FK SRX]H YHOLµLQ GDQk Y GRNXPHQWDFL SRG GRKOHGHP RGERUQk RVRE\ • 3ÐL SRXªLWm VRXµgVWHN D PRGXOØ MH QH]E\WQk QHXVWgOH 9H ¨NROg
7ÐL VYmWLYk GLRG\ VLJQDOL]XMm SRKRWRYRVWQm VWDY 7HFKQLFNk rGDMH SÐHUX¨HQm KOmGDFm VP\µN\ D SRSODFK 1D UR]SmQDQRX VP\µNX PRKRX E®W SÐLSRMHQ\ GYHÐQm 1DSgMHFm QDSÁWm 9 6SRWÏHED DVL P$ SÐL VHSQXWkP UHOk RNHQQm D RWÐHVRYk NRQWDNW\ P$ 7HQWR YUREHN E\O VFKYgOHQ SRGOH (8 (:* VPÁUQLFH (0:* ] HOHNWURPDJQHWLFNg NRPSDWLELOLWD D RGSRYmGg ]gNRQQP XVWDQRYHQmP 3RSLV ]DSRMHQm 3R SÐLORªHQm VFKRSQR ]HOHQk /(' YH]PÂPH FRª /' SÐmSDG UR]SmQDQk MH MD
SRPتH GYRMQgVREQg QHER WURMQgVREQg NRQWUROD 7DNk 'gYHMWH GgYHMWH VRXµgVWN\ SR]RU MHVWOL MVRX Y SDWLFL ]DVWUµHQ\ RSUDYGX SÐL OHWRYgQm SRNXG VRXµgVWHN QHQm SR]RU XYHGHQR DE\ MLQDN E\O\ QDOHWRYgQ\ Y¨HFKQ\ QRªLµN\ ,& YHOLFH VQDGQR VH QÂMDNg RGHKQH QD SOR¨Q® VSRM EH]SURVWÐHGQ WM EH] PH]HU 9¨HFKQ\ -HQ SÐHµQmYDMmFm PDO® WODN GR SDWLFH QD ,& D 3RNXG WHQ PXVm WRPX WDN VNRUR VgP QHQm ]DVNRµLW MH YHOPL 7HQWR QHIXQJRYgQm QHSÐmMHPQ® ]SØVREHQ EX½WR PتH E®W SUØYRG
3ÐL OHWRYgQm SRORYRGLµØ VYmWLY®FK GLRG D ,& MH WÐHED GgYDW ]YOg¨Ö SR]RU QD WR DE\ GRED SRODULWX 6WUDQD NDWRG\ MH QD GLRG R]QDµHQD EDUHYQ®P OHWRYgQm SURXªNHP QHSÐHVgKOD YWHÐLQ SURWRªH MLQDN E\ VH VRXµgVWND 9®YRG\ QD GUXKk VWUDQ PRKOD SR¨NRGLW 8 WÂFKWR VRXµgVWHN MH URYQª WÐHED DE\ GgYDW SR]RU QD VSUgYQRX SRODULWX VRXµgVWN\ VSUgYQ UR]PmVWÂQ\ D QHER YRGLYk FHVW\ SÐHPRVWÂQ\ FmQHP 7R QHMHQ NYØOL QHIXQNµQRVWL ]DÐm]HQm RWRµHQm GHVN\ QHY\SDGO\ D R u SÐLOHWXMWH RGVWÐLK
$E\ SDWLFH SÐL RWRµHQm GHVN\ NYØOL OHWRYgQm QHY\SDGOD RKQÂWH QD VWUDQÂ OHWRYgQm GYÂ SÐHµQmYDMmFm [ OHWRYDFm NROmN µgVWL SÐmYRGØ NWHUk MVRX QDSÐmµ SURWL VREÂ D SDN Y¨HFKQ\ SÐmYRG\ SÐLOHWXMWH [ WL SoORYg SDWLFH 6YmWLYk GLRG\ /(' 1\Qm VH SÐLOHWXMm /(' .
HQWR ,& MH YHOPL FLWOLY &026 NWHU PתH EW ]QL´HQ VWDWLFNP YERMHP 6RX´gVWN\ 026 VPÁMm EW WHG\ XFKRSHQ\ SRX]H ]D SRX]GUR DQLª E\ VH ´ORYÁN GRWNDO QRªL´HN ,QWHJURYDQk Y\QGgYDW D REYRG\ QHQm ]DVXQRYDW ]gVDGQÁ GR SDWLFH GRYROHQR SÏL ]DSQXWkP QDSgMHQm ,& &' +&) QHER 0& GUgªND QHER ERG PXVm XND]RYDW N 5 /(' MH SRODUL]RYgQD SURSXVWQ VYmWm NDWRGD QD 6YRUNRYQLFH 9VD½WH GR SÐmVOX¨Q®FK RWYRUØ VYRUNRYQLFH D SÐLOHWXMWH MH 'Y GYRMSoORYk ]DOHWRYgQmP VYRUNRYQL
3OgQ UR]PmVWÁQm VRX´gVWHN 6SmQDFm 6SROHµQ® 5R]SmQDFm NRQWDNW\ YRGLµ 3RSODFK =DSQXWR 6P\µND VWÐHGQD DODUPX NRQWDNW\
-H OL Y¨H Y SRÐgGNX PتHWH SÐHVNRµLW QgVOHGXMmFm NURN SÏLSRMHQm RªLYHQm SRSLV Y\KOHGgYgQm FK\E 3R RVD]HQm GHVN\ D NRQWUROH QD HYHQWXgOQm FK\E\ ¨SDWQ OHWRYDQg PmVWD ]NUDW\ FmQHP MH 3RNXG VH ]DÐm]HQm FKRYg SURWL RµHNgYgQm QHER VH PRªQR MLQDN XYkVW PRGXO GR SURYR]X SURMHYXMH QDSgMHQm 1H]DSRPHÊWH ªH WRWR ]DÐm]HQm VPm E®W QDSgMHQR SRX]H Y\KOD]HQ®P MDNR MH VWHMQRVPÂUQ®P YKRGQ® DNXPXOgWRU VmÖRY® 7HQWR QDSÂWmP DGDSWkU ]GURM PXVm E®W D WUDQVIRUPgWRU\ SUR QÂMDNk FK
1HQm WDP VWXGHQ® VSRM" 3URKOmGQÂWH ]QRYX NDªGk OHWRYDFm PmVWR VRXµgVWN\ 9\]NRX¨HMWH GREÐH GUªm SLQ]HWRX =MLVWmWH OL 'DO¨m QgURN\ MVRX Y\ORXµHQ\ MHVWOL QÂMDNk 1HSÐHEmUgPH ªgGQRX RGSRYÂGQRVW DQL ]gUXNX ]D ¨NRG\ WDNRYk D SRGH]ÐHOk PmVWR SÐHOHWXMWH KR SHµOLYÂ MH¨WÂ MHGQRX =NRQWUROXMWH WDNk MH OL NDªGk OHWRYDFm 3DPDWXMWH ªH SRGREQ®PL SURVWÐHGN\ V OHWRYDFm YRGRX QHER WXNHP Y VRXYLVORVWL V WmPWR ]DÐm]HQmP ]DVOgQm QgKUDGQmFK VRXµgVWHN D rSUDYX SURGHMQm FHQ\ =gUXND VH
6FKkPD ]DSRMHQm 6P\µND =DSQXWR =HP =SRªGÂQm 3RSODFK 'RED SRSODFKX