äROLDSMRYơVO\QRJDOXVSUDNLãNLWHSHULãơMLPRDQJDV
GDQJþLRãRQXRVH
6XPRQWXRNLWHULWĊLUGDQJWƳDQWSMRYLPRJDOYXWơV
6WXPNLWHGDQJWƳWRONROMLVVSUDJWHOVLUXåVL¿NVXRV
YLHWRMH
ä2/,$3-29Ơ6*$/987Ơ6
.(,7,0$6
6XNGDPLGXONLǐSXRGHOƳVXO\JLXRNLWHDQJąGXONLǐ
SXRGHO\MHVXDQJDDQWSDYDUǐGơåơV
ƲVXO\JLXRWDVVN\OHVƳNLãNLWHPDåąDWVXNWXYą7DGD
LãLPDQWLUPRQWXRMDQWåROLDSMRYơVJDOYXWĊYHOHQDV
QHVLVXNV
ƲVWDWĊDWVXNWXYąQXLPNLWHåROLDSMRYơVJDOYXWĊSDVXNGD
PLSDJDOODLNURGåLRURG\NOĊåLnjULQWƳƳUHQJLQLRDSDþLą
8åVXNLWHSDNDLWLQĊåROLDSMRYơVJDOYXWĊDQWYHOHQR
SDVXNGDPLSULHãODLNURGåLRURG\NOĊ*HUDLSULYHUåNLWH
,ãWUDXNLWHDWVXNWXYą
*5(,ý,278âý,Ą-$(,*$
5(*8/,$9,0$6
a
Ʋ63Ơ-,0$65HJXOLXRGDPLJUHLWƳWXãþLąMD
HLJDQHOHLVNLWHNDGNLWLDVPHQ\VVWRYơWǐ
ãDOLD.ROUHJXOLXRMDPDGLGåLąMąODLNRGDOƳåR
OLDSMRYơVJDOYXWơSHLOLVDUNLWDVSDSLOGRPDV
SULHGDVVXNVLV'ơYơNLWHDSVDXJLQHVSULHPR
QHVLUODLN\NLWơVYLVǐDWVDUJXPRSULHPRQLǐ
%DLJXVUHJXOLXRWLåROLDSMRYơVJDOYXWơSHLOLV
DUNLWDVSDSLOGRPDVSULHGDVQHWXULMXGơWL
VXNWLVNDLƳUHQJLQ\VYHLNLDWXãþLąMDHLJD
.DUELXUDWRULXVEXYRNUXRSãþLDLVXUHJXOLXRWDV
JDP\NORMH*UHLWƳWXãþLąMDHLJDJDOLSULUHLNWLUHJXOLXRWL
SDSLOGRPDLMHLSDVWHELWHNDG
9DULNOLVQHYHLNLDWXãþLąMDHLJDDWOHLGXVDNFHOHUDWRULǐ
äROLDSMRYơVJDOYXWơSHLOLVDUEDSDSLOGRPDVSULHGDV
MXGDVXNDVLNDLYDULNOLVYHLNLDWXãþLąMDHLJD
5HJXOLXRNLWHNDLƳUHQJLQ\VSULWYLUWLQWDVWDLSNDGSMRYL
PRƳWDLVDVQHVLHNWǐåHPơVLUVXQLHNXRQHVLOLHVWǐ.RO
ƳUHQJLQ\VYHLNLDLUMƳUHJXOLXRMDWHODLN\NLWHƳUHQJLQƳUDQ
ND/DLN\NLWơVDWRNLDLQXRSMRYLPRƳWDLVRLUGXVOLQWXYR
1RUơGDPLVXUHJXOLXRWLJUHLWƳWXãþLąMDHLJD
/HLVNLWHYDULNOLXLYHLNWLWXãþLąMDHLJD6XUHJXOLXRNLWH
JUHLWƳWDLSNDGYDULNOLVYHLNWǐRåROLDSMRYơVJDOYXWơ
SHLOLVDUNLWDVSDSLOGRPDVSULHGDVQHMXGơWǐDU
QHVLVXNWǐWXãþLRVLRVHLJRVJUHLWLVQHEnjWǐSHUGLGHOLV
DUEDYDULNOLVQHXåJHVWǐWXãþLRVLRVHLJRVJUHLWLVQHEnjWǐ
SHUPDåDV
-HLJXYDULNOLVJHVWDDUEDVSULQJVWDSDVXNLWHWXãþLR
VLRVHLJRVJUHLþLRYDUåWąSDJDOODLNURGåLRURG\NOĊ
-HLåROLDSMRYơVJDOYXWơSHLOLVDUEDNLWDVSDSLOGRPDV
SULHGDVMXGDDUVXNDVLYDULNOLXLYHLNLDQWWXãþLąMDHLJD
SDVXNLWHWXãþLRVLRVHLJRVJUHLþLRYDUåWąSULHãODLNUR
GåLRURG\NOĊNDGVXPDåLQWXPơWHYDULNOLRDSVXNDV
3RNLHNYLHQRUHJXOLDYLPRGDUNDUWąSDWLNULQNLWHJUHLWƳ
WXãþLąMDHLJD
-HLJXUHLNLDSDSLOGRPRVSDJDOERVDUEDMHLJXDEHMRMDWH
DUJDOLWHDWOLNWLãƳUHJXOLDYLPąVDYDUDQNLãNDLNUHLSNLWơV
ƳƳJDOLRWąMąWHFKQLQLRDSWDUQDYLPRDWVWRY\EĊDUED
VNDPELQNLWHNOLHQWǐDSWDUQDYLPRWDUQ\EDL