52< +$5*529( 48,17(7 /d© <rxqj jhqhudwlrq ª ghv wurpshwwlvwhv

Transcription

52< +$5*529( 48,17(7 /d© <rxqj jhqhudwlrq ª ghv wurpshwwlvwhv
52<+$5*529(48,17(7
/D© <RXQJJHQHUDWLRQªGHVWURPSHWWLVWHV
&·HVWjO·XQGHVPHLOOHXUVWURPSHWWLVWHVGHODSODQqWHMD]]TXH-D]]j&DUWKDJHE\7XQLVLDQDRIIUH
OHVKDXWHXUVGHODFLWpDQWLTXH
2ULJLQDLUH GX 7H[DV 5R\ +DUJURYH JUDQGLW HQ SOHLQ kJH G·RU GX IXQN VXELW O·LQIOXHQFH GH OD
PXVLTXHJRVSHOHWGX 5% ,QLWLpjODWURPSHWWHjO·kJHGHDQVLODIILUPHWUqVYLWHXQWDOHQW
PXVLFDOH[FHSWLRQQHOTX·LOQ·DXUDGHFHVVHGHSDUIDLUH(QOHIDPHX[WURPSHWWLVWH:\QWRQ
0DUVDOLVHVWGHSDVVDJHGDQVVRQO\FpHGH'DOODV %OXIIpSDUVRQWDOHQWLOGpFLGHGHOHODQFHU
VXUODVFqQHLQWHUQDWLRQDOH5R\ D WRXWMXVWHDQV,OpWXGLHSDUODVXLWHjODFpOqEUH8QLYHUVLWp
GH %HUNHOH\ j %RVWRQ PDLV F·HVW GDQV OHV MDPVHVVLRQV HW OHVFOXEV XQGHUJURXQG GH 1HZ<RUN
TX·LODII€WHVRQDUW
5R\+DUJURYHVHIDLWG·DERUGFRQQDvWUHFRPPHXQ©MHXQHOLRQªGXERS FDSDEOHGHMRXHUGDQV
OD SOXVSXUHWUDGLWLRQGXMD]]PDLQVWUHDP 9pULWDEOHSURGLJHLOSXEOLHVRQSUHPLHUDOEXPj
DQVODUJHPHQWVDOXpSDUODFULWLTXHHWQ·DSDVDQVTXDQGLOHVWGLVWLQJXpG·XQ*UDPP\SRXU
VD SHUIRUPDQFH GDQV +DEDQD XQH HVFDSDGH FXEDLQH TXL PrOH LQIOXHQFHV ODWLQR HW MD]] j
WHQGDQFHERS
7RXMRXUVVRXFLHX[GHFRQVHUYHUDXMD]]VRQDFWXDOLWpJDUGDQWXQHRUHLOOHDWWHQWLYHGXF{WpGHV
U\WKPHVHWGHVPXVLTXHVXUEDLQHV5R\+DUJURYHSRUWHHQ©OHFROOHFWLI7KH5+)DFWRUªR
OH MD]]VHPDULHjODQpRVRXOHWDXIXQN DXUDSHW DXKLSKRS DYHFXQJURRYHWRXMRXUVSUpVHQW
/H 5+ )DFWRU V·DSSDUHQWH j XQH UHOHFWXUH SDU OD ©JpQpUDWLRQ KLS KRSª GHV JUDQGHV pSRSpHV
IXQNGHV ·VGDQVOHPrPHHVSULWIXVLRQQHOUHYHQGLFDWLIHWIHVWLI
&KHIGHILOHGHOD© <RXQJJHQHUDWLRQªGHVWURPSHWWLVWHVDPpULFDLQVIXVLRQQDQWOHVLQIOXHQFHV
OHV VW\OHV OHV YRL[ OHV LQVWUXPHQWV 5R\ +DUJURYH RXYUH GH QRXYHOOHV SHUVSHFWLYHV HW SDUWLFLSH
PDJLVWUDOHPHQWDXUHQRXYHDXGXMD]]
/,1(83
'DWH
9HQGUHGL
$YULO
5R\+DUJURYH
-XVWLQ5RELQVRQ
5RQQLH0DWKHZV
'ZD\QH%XUQR
7DUX$OH[DQGHU
+HXUH
/LHX
K
$FURSROLXP
-D]]j&DUWKDJHE\7XQLVLDQD±PLVHjMRXUOH
7URPSHWWH
6D[RSKRQH
3LDQR
*XLWDUH%DVVH
%DWWHULH
7DULIV
ELOOHWV
GW
9HQWHELOOHWV
*XLFKHWV