38
10
11.
,QVWDOOHUHWHQOHYHUODGRXLOOH
%ORTXH]ODJkFKHWWHHQSODoDQWOHVpOHFWHXUGHVHQVGH
URWDWLRQGDQVODSRVLWLRQ2))$55(7
SRVLWLRQFHQWUDOH
3RXULQVWDOOHUXQHGRXLOOHGHYHQGXHVpSDUpPHQW
LQVpUH]ODFRPSOqWHPHQWVXUOHFDUUpFRQGXFWHXU3RXU
OHQOHYHUUHWLUH]ODGXFDUUpFRQGXFWHXUHQWLUDQW/D
EURFKHLQVpUpHGDQVODUEUHHWOHFROOHWPDLQWLHQGUDOHV
FROOHWVHQSODFH
$77(17,21:
1XWLOLVH]SDVGHVGRXLOOHVSRXU
ORXWLOODJHjPDLQLOIDXWXWLOLVHUXQLTXHPHQWGHV
GRXLOOHVjFKRFVDGpTXDWHV/HVGRXLOOHVjFKRFVVRQW
QRLUHVVSpFLDOHPHQWGXUFLHVHWVRQWFRQoXHVSRXUQH
SDVDEvPHUOHVFRLQVGHVERXORQVHWGHVpFURXVTXH
YRXVYLVVHUH]/HVGRXLOOHVQRQFRQoXHVSRXUXQH
XWLOLVDWLRQjFKRFVSHXYHQWFDVVHUSURYRTXDQWGHV
EOHVVXUHV,QVSHFWH]OHVGRXLOOHVDYDQWOXWLOLVDWLRQ
SRXUYpULILHUTXHOOHVQHVRQWSDVILVVXUpHVRX
YLVLEOHPHQWHQGRPPDJpHV
12.
&RXSOHGHVHUUDJH
/HFRXSOHGHVHUUDJHGpSHQGGHODGXUpHGHODFWLRQ
GHVHUUDJH/HSOXVJUDQGFRXSOHGHVHUUDJHHVW
DWWHLQWDSUqVDSSUR[LPDWLYHPHQWjVHFRQGHV
GDFWLRQGHVHUUDJH
/HFRXSOHGHVHUUDJHGpSHQGGHVIDFWHXUV
VXLYDQWV
/DGXUHWpGHVERXORQVpFURXV
/HW\SHGHEDJXHEDJXHGLVTXHEDJXHjUHVVRUW
ERXFKRQ
/DGXUHWpGHODPDWLqUHjMRLQGUH
/HIIHWOXEULILDQWVXUODVXUIDFHGXUDFFRUGHPHQW
$SSOLFDWLRQ
9pULILH]ELHQTXHOHVHQVGHGLUHFWLRQHVWDYDQW
&RPPHQFH]SDUYLVVHUODYLVjODPDLQGDQVRXVXU
VDFRQWUHSDUWLHILOHWpHH[pFURXVXUERXORQERXORQ
GDQVpFURXRXWURXILOHWp
$YHFODGRXLOOHjFKRFVDGpTXDWHPRQWpHVROLGHPHQWVXU
ODFOpJOLVVH]ODGRXLOOHjFKRFVVXUOpFURXRXODWrWHGX
ERXORQ
7HQH]IHUPHPHQWORXWLODYHFOHVGHX[PDLQVHWDSSX\H]
VXUODJkFKHWWHGHYLWHVVH/DGRXLOOHjFKRFVWRXUQHUDODYLV
HWOHVHUUDJHFRPPHQFHUDTXDQGLO\DXUDUpVLVWDQFHVXUOD
YLV
$77(17,21
1HVHUUH]SDVWURSODYLVFDU
ODIRUFHGHODFOpjFKRFVSHXWODFDVVHU
0DLQWHQH]ODFOpjFKRFVjXQDQJOHGURLWVXUOD
YLVSRXUpYLWHUGHQGRPPDJHUODWrWHGHYLV
(QWUHWLHQGHORXWLO
$77(17,21:
$YDQWWRXWWUDYDLOGHQWUHWLHQ
GHODPDFKLQHUHWLUH]OHEORFEDWWHULHGHORXWLO
,QVSHFWH]SpULRGLTXHPHQWOHVERXORQV6LOHV
ERXORQVGHYLHQQHQWGHVVHUUpVYLVVH]OHV
LPPpGLDWHPHQWSRXUpYLWHUXQDFFLGHQWJUDYH
,QVSHFWH]SpULRGLTXHPHQWOHVFRUGRQVGHORXWLO
6LOVVRQWHQGRPPDJpVIDLWHVOHVUpSDUHUFKH]YRWUH
FHQWUHGHUpSDUDWLRQDJUpp
$VVXUH]YRXVTXHOHVpYHQWVVRLHQWSURSUHV
1HWWR\H]WRXWHVOHVSDUWLHVGHORXWLOGpSRXVVLpUH]
SpULRGLTXHPHQW&HFLpYLWHUDOHQWUpHGHGpEULV
7RXWHQWUHWLHQ'2,7rWUHHIIHFWXpXQLTXHPHQWSDU
XQFHQWUHGHUpSDUDWLRQVDJUpp1XWLOLVH]TXH
GHVDFFHVVRLUHVUHFRPPDQGpVSRXUFHWRXWLO
1HWWR\DJHeYLWH]OXWLOLVDWLRQGHVVROYDQWVTXL
SRXUUDLHQWILVVXUHUOHSODVWLTXH8WLOLVH]GHVFKLIIRQV
SURSUHVHWGHVVDYRQVGRX[SRXUHQOHYHUODVDOHWpOD
SRXVVLqUHHWF
$7(17,21:
1HODLVVH]MDPDLVOHDXHQWUHUGDQVOH
PRWHXUQLLPPHUJHUORXWLO&HFLFRQGXLUDjXQH
GpIDLOODQFHGXPRWHXUHWjXQHGpFKDUJHpOHFWULTXH
&RQVHUYH]OHVEDWWHULHVjXQHWHPSpUDWXUHLQIpULHXUHj
&
3URWpJH]OHVEDWWHULHVGHOKXPLGLWpHWGHV
WHPSpUDWXUHVpOHYpHV
,OHVWUHFRPPDQGpGHUHFKDUJHUOHVEDWWHULHVDYDQWGH
OHVVWRFNHU
'RXLOOH
&DUUp
FRQGXFWHXU