5pJODJHVGXPHQX
)RQFWLRQV
$SSX\H]VXUODWRXFKH0(18
VXUYRWUHWpOpFRPPDQGH
6pOHFWLRQQH]
)21&7,216
HQDSSX\DQWVXUOHVERXWRQV
GLUHFWLRQQHOV
KDXWEDV
SXLVDSSX\H]VXU2./H
PHQX)RQFWLRQVV¶DIILFKH
9RXVSRXYH]VpOHFWLRQQHU
OHVUXEULTXHVVXUOHVTXHOOHV
YRXVVRXKDLWH]DJLUGDQVFH
PHQXjO¶DLGHGHVWRXFKHV
GLUHFWLRQQHOOHV
KDXWEDV
&+$1*(0(17
5(7285
7HLQWH
/RUVTXHOHVLJQDO
176&HVWHQWUpSDU
SpULWHOYRXVSRXYH]UpJOHUODWHLQWHGH
FRXOHXU6LQRQYRXVQHSRXUUH]SDVYRLU
O¶RSWLRQWHLQWHGHFRXOHXUGDQVOHPHQX
4XDQGXQSpULSKpULTXHYLGpR
176&HVW
EUDQFKpSDUODSULVHSpULWHOO¶RSWLRQHVW
DFWLYpHHWDIILFKpHGDQVOHPHQX
$XWR
&HUWDLQHVFKDvQHV
GHWpOpYLVLRQ
pPHWWHQWGHV
ILOPVDXIRUPDW
6LYRXV
VRXKDLWH]FKDQJHU
DXWRPDWLTXHPHQWYHUVFHIRUPDW
VpOHFWLRQQH]
$872'DQVFHFDVOH
WH[WH$872DSSDUDvWjO¶pFUDQ
8WLOLVH]FHUpJODJH
TXDQGYRXV
UHJDUGH]XQ
'9'
G¶pFUDQODUJH
XQHEDQGHYLGpRG¶pFUDQODUJHRXXQH
GLIIXVLRQ(QUDLVRQGXFKRL[GH
IRUPDWVpFUDQODUJHGHV
EDUUHVQRLUHVSHXYHQWrWUHYLVLEOHVHQ
KDXWHWHQEDVGHO¶pFUDQ
&¶HVWOHIRUPDWGH
ILOP
8WLOLVH]FHUpJODJH
SRXUUHJDUGHU
OHVpPLVVLRQVDX
IRUPDW
%RvWHDX[OHWWUHVHQRSWLRQ
/RUVTXHYRXV
UHJDUGH]GHVILOPV
RXFDVVHWWHVYLGpR
DXIRUPDW©
RX&LQpPDVFRSHª
FHUpJODJH
SHUPHWG¶pOLPLQHU
OHVEDUUHVQRLUHVGHO¶DUULqUHSODQHQ
DJUDQGLVVDQWO¶LPDJHVDQVGLVWRUVLRQ
6RXVWLWUHVHQRSWLRQ
4XDQGOHVVRXV
WLWUHVVRQWLQFOXV
GDQVXQHGLIIXVLRQ
GHIRUPDW©ª
FHUpJODJHpOqYHOD
SRVLWLRQGHO¶LPDJH
SRXUDVVXUHUTXHOHWH[WHVRLWYLVXDOLVp
3DQRUDPDHQRSWLRQ
&HUpJODJHSHUPHW
G¶pWLUHUO¶LPDJH
KRUL]RQWDOHPHQW
HQPDLQWHQDQW
OHVSURSRUWLRQV
FRUUHFWHVDXFHQWUH
GHO¶LPDJH'HVGLVWRUVLRQVSHXYHQWVH
SURGXLUH
5HPDUTXH/¶XWLOLVDWLRQGHVIRQFWLRQV
VSpFLDOHVSRXUFKDQJHUODWDLOOHGH
O¶LPDJHYLVXDOLVpHFKDQJHUOHUDSSRUW
GHODKDXWHXUHWGHODODUJHXU(7&SRXU
XQHYLVXDOLVDWLRQSXEOLTXHRXXQSURILW
FRPPHUFLDOSHXWHQIUHLQGUHOHVORLVGX
FRS\ULJKW
237,216
/$1*8(
0,187(85
9(5528(1)$176
%/2&$*(&/$9,(5
)5$1&$,6
$55(7
$55(7