¸·
ZZZ±HOHFWURPHQDJHUVJH±FD
&RPPHQW UpJOHU XQ GpPDUUDJH UHWDUGp HW XQ DUUrW DXWRPDWLTXH
9RXV SRXYH] UpJOHU OH FRQWU{OH GX IRXU SRXU
UHWDUGHU OH GpPDUUDJH GX IRXUº FXLUH SHQGDQW XQ
WHPSV SUpFLVº SXLV VÊpWHLQGUH DXWRPDWLTXHPHQW¹
$VVXUH]¼YRXV TXH OÁKRUORJH PRQWUH OD ERQQH
KHXUH±
(QIRQFH] OD WRXFKH
&219(&7,21 %$.(
08/7,ÀÆ 5$&. ÄFXLVVRQ FRQYH[LRQ PXOWLÀÆ
JULOOHÅ
XQH IRLV
ÄPRGH &219(&7,21 %$.(
08/7, >FXLVVRQ FRQYH[LRQ PXOWL@
À SRXU OD
FXLVVRQ j FRQYH[LRQ j SOXVLHXUV JULOOHV± &H
PRGH VHUW j SUpSDUHU OHV DOLPHQWV VXU SOXV
GÁXQH JULOOH ¿VRLW µ¶ ²¶ · RX SOXVÀ HQ PrPH
WHPSV GDQV OH IRXU j FRQYH[LRQ± 5HSRUWH]¼
YRXV j OD VHFWLRQ
0XOWL¶5DFN %DNLQJ
¾FXLVVRQ j SOXVLHXUV JULOOHV¿
SRXU SOXV
GÁLQIRUPDWLRQ±
(QIRQFH] OD WRXFKH
&219(&7,21 %$.(
08/7,ÀÆ 5$&. ÄFXLVVRQ FRQYH[LRQ PXOWLÀÆ
JULOOHÅ
GHX[ IRLV ¿PRGH
&219(&7,21 %$.(
Æ 5$&. >FXLVVRQ FRQYH[LRQ Æ JULOOH@
À SRXU
OD FXLVVRQ j FRQYH[LRQ j XQH JULOOH± &H
PRGH HVW XWLOLVp SRXU IDLUH FXLUH OHV
DOLPHQWV VXU XQH VHXOH JULOOH GDQV OH IRXU j
FRQYH[LRQ±
(QIRQFH] OD WRXFKH
&219(&7,21 52$67
ÄU{WLU FRQYH[LRQÅ
SRXU U{WLU j FRQYH[LRQ±
(QIRQFH] OHV WRXFKHV QXPpULTXHV SRXU UpJOHU
OD WHPSpUDWXUH YRXOXH GX IRXU±
(QIRQFH] OD WRXFKH
&22.,1* 7,0( ÄWHPSV
GH FXLVVRQű
5(0$548( ¹
VL YRWUH UHFHWWH H[LJH TXH YRXV
SUpFKDXIILH] OH IRXUº YRXV GHYUH] SHXW¶rWUH DMRXWHU
GX WHPSV GH FXLVVRQ¹
(QIRQFH] OHV WRXFKHV QXPpULTXHV SRXU
FKRLVLU OH WHPSV GH FXLVVRQ YRXOX±
(QIRQFH] OD WRXFKH
'(/$< 67$57
ÄGpPDUUDJH UHWDUGpÅ
±
8WLOLVH] OHV WRXFKHV QXPpULTXHV SRXU UpJOHU
OÁKHXUH j ODTXHOOH YRXV GpVLUH] TXH OH IRXU
VÁDOOXPH HW FRPPHQFH OD FXLVVRQ±
6L YRXV GpVLUH] YpULILHU OHV KHXUHV UpJOpHV¶
HQIRQFH] OD WRXFKH
'(/$< 67$57 ÄGpPDUUDJH
UHWDUGpÅ
SRXU YpULILHU OÁKHXUH GH GpPDUUDJH UpJOp
RX HQIRQFH] OD WRXFKH
&22.,1* 7,0( ÄWHPSV GH
FXLVVRQÅ
SRXU YpULILHU OD GXUpH GH FXLVVRQ UpJOpH±
(QIRQFH] OD WRXFKH
67$57 ÄGpPDUUHUű
5(0$548( ¹
XQH WRQDOLWp VH IHUD HQWHQGUH VL YRXV
XWLOLVH] OD FXLVVRQ j PLQXWHULH HW QH WRXFKH] SDV
OD WRXFKH
67$57 ÄGpPDUUHUÅ
DSUqV DYRLU HQWUp OD
WHPSpUDWXUH SRXU FXLUH RX U{WLU¹
/RUVTXH OH IRXU VÁDOOXPH j OÁKHXUH UpJOpH¶
OÁDIILFKDJH LQGLTXHUD OH FKDQJHPHQW GH
WHPSpUDWXUH ¿HQ FRPPHQoDQW j ·¾ Ç& >µ¹¹ Ç)@À
HW OH WHPSV GH FXLVVRQ± /ÁDIILFKDJH FRPPHQFHUD
j FKDQJHU ORUVTXH OD WHPSpUDWXUH DWWHLQGUD ·¾ Ç&
¿µ¹¹ Ç)À±
/H IRXU SRXUVXLYUD OD FXLVVRQ SHQGDQW OD GXUpH
SURJUDPPpH¶ SXLV VÁDUUrWHUD DXWRPDWLTXHPHQW j
PRLQV TXH OD IRQFWLRQ
:$50 ÄUpFKDXIIHUÅ
QH VRLW
UpJOpH± 5HSRUWH]¼YRXV j OD VHFWLRQ
&RPPHQW UpJOHU
OH IRXU SRXU UpFKDXIIHU
±
(QIRQFH] OD WRXFKH
&/($5À2)) ÄDQQXODWLRQÀ
DUUrWÅ
SRXU HIIDFHU OÁDIILFKDJH DX EHVRLQ±
5HWLUH] OHV DOLPHQWV GX IRXU± 5DSSHOH]¼YRXV
TXH ELHQ TXH OH IRXU VÁpWHLJQH
DXWRPDWLTXHPHQW¶ OHV DOLPHQWV TXL UHVWHQW
GDQV OH IRXU FRQWLQXHURQW j FXLUH DSUqV TXH
OH IRXU VRLW pWHLQW±
5(0$548( ¹ SRXU FXLUH SDU FRQYHFWLRQ¾
OD WHPSpUDWXUH GX IRXU HVW Ʋ É& ÄÇÈ É)Å SOXV
EDVVH TXH OD WHPSpUDWXUH UpJOpH± &RQVXOWH] OD
VHFWLRQ 8WLOLVHU OD FRQYHUVLRQ $XWR 5HFLSH¾ GDQV
OHV )RQFWLRQV VSpFLDOHV GH YRWUH FRQWU{OH GH
IRXU SRXU GH SOXV DPSOHV LQIRUPDWLRQV± 3RXU
OH U{WLVVDJH SDU FRQYHFWLRQ¾ OD WHPSpUDWXUH GX
IRXU QH VH FRQYHUWLW SDV DXWRPDWLTXHPHQW±
28