Guide de bonnes pratiques pour des entreprises responsables

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NC URJÄTG ÅEQPQOKSWG FÅNQECNKUCVKQPU UECPFCNGU ƂPCPEKGTU GV ETKUGU ÅEQPQOKSWGU GV DQWNGXGTUGOGPVU ENKOCVKSWGU GP EJCÊPG NC 45' UoKORQUG CWZ GPVTGRTKUGU HCEG CWZ RTGUUKQPU FG NC UQEKÅVÅ EKXKNG GV EGNNGU FG NoQRKPKQP RWDNKSWG .C FÅƂPKVKQP FG NC 45' SWK HCKV CWLQWTFoJWK EQPUGPUWU GUV EGNNG FG NC %QOOKUUKQP GWTQRÅGPPG FQPPÅG FCPU UQP .KXTG XGTV GP ‡ .oKPVÅITCVKQP XQNQPVCKTG RCT NGU GPVTGRTKUGU FG RTÅQEEWRCVKQPU UQEKCNGU GV GPXKTQPPGOGPVCNGU Ÿ NGWTU CEVKXKVÅU EQOOGTEKCNGU GV Ÿ NGWTU TGNCVKQPU CXGE VQWVGU NGU RCTVKGU RTGPCPVGU KPVGTPGU GV GZVGTPGU — Autres textes de rÊfÊrences _ Le Pacte Mondial de l’ONU (Global compact) * CERES (Coalition for Environment Risponsible Economie) * Éco-efficience (WBCSD – World Business Council for Sustainable Development) * Principes de gouvernement d’entreprises (OCDE) * International Corporate governance Network’s Statement of Global Corporate Governance Principles Principes de conduite des affaires pour contrer la corruption (Transparency International) * DÊclaration tripartite sur les entreprises multinationales et la politique sociale (OIT) * Principes relatifs aux droits humains à l’intention des entreprises (Amnesty International) * Global Sullivan Principles *

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!"#$%&'($')"$'*+',$%-./%+01*1&2'%.(1+*$'3$%'$/&,$-,1%$%4'5.",)".14'6.77$/&'8 Exemples de normes existantes _ Norme ISO 9000 pour la qualitĂŠ, norme ISO 14000 pour un système de management environnemental, norme ISO 26000 sur la responsabilitĂŠ sociĂŠtale‌ D’autres normes ont ĂŠtĂŠ crĂŠĂŠes, notamment la SA 8000 sur les conditions de travail, qui prĂŠvoit des mĂŠcanismes de contrĂ´les auxquels les ONG peuvent participer. Une norme intĂŠressante, la AA 1000 (de l’association britannique Accountability) est fondĂŠe sur la qualitĂŠ du dialogue entre toutes les parties prenantes de l’entreprise.

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.G %QFG (KUECN RTÅXQKV WP OÅECPKUOG FG TGFKTGEVKQP FGU EQPVTKDWCDNGU FG FG NoKORÐV UWT NG TGXGPW F× RQWT NoCPPÅG RTÅEÅFGPVG GV NGU FKTKIGT ¼ WPG GPVKVÅ ¼ DWV PQP NWETCVKH 5GNQP NG OKPKUVÄTG FGU (KPCPEGU NC HCÃQP FG OGVVTG GP yWXTG NC FKURQUKVKQP GUV UKOKNCKTG NG EQPVTKDWCDNG FQKV TGORNKT NG HQTOWNCKTG TGXGPW RTQXGPCPV FG UCNCKTGU QW RQWT NGU TGXGPWU RTQXGPCPV FoCWVTGU UQWTEGU GV NGU FÅRQUGT FCPU NoCFOKPKUVTCVKQP ƂPCPEKÄTG CRRCTVGPCPV ¼ OCK FG EJCSWG CPPÅG

&GRWKU FG NoCPPÅG GV LWUSWo¼ RTÅUGPV KN [ C GW FGU CWIOGPVCVKQPU FW PQODTG FG RGTUQPPGU GV FGU GPVKVÅU ¼ DWV PQP NWETCVKH DÅPÅƂEKCKTGU RQWT CVVGKPFTG !"#$%&''&()$*+(&,$-./$01+$2(),3&4564'1+7$1,$-.8999$1),&,:+8% .GU UVCVKUVKSWGU RQWT NoCPPÅG UGNQP NG OKPKUVÄTG FGU (KPCPEGU UQPV !8##;8<-.$ =13+())1+$(),$3:0&3&>:$-/$01$'?&%=@,$+53$'1$31A1)5$B$01+$(3>6)&+6,&()+$B$45,$)()$ '5236,&C$D$5)&,:+$01$31'&>&15+1+"$E()$!!F$-G.$!G9$1+,$'1$%(),6),$,(,6'$0:,(53):$1,$ GPVKVÅU ¼ DWV PQP NWETCVKH QPV DÅPÅƂEKÅ FG NC OKUG ¼ FKURQUKVKQP FG #ƂP FG TGEWGKNNKT NG FG NoKORÐV UWT NG TGXGPW 5COWUQEKCN GP 4QWOCPKG QTICPKUG EJCSWG CPPÅG WPG ECORCIPG FG EQNNGEVG GP NKIPG GP CHƂEJCPV FGU DCPPKÄTGU UWT NG UKVG 9GD FG NoCUUQEKCVKQP RCT FKTGEV OCKNKPI GV RCT NC RCTVKEKRCVKQP ¼ FGU HQKTGU QTICPKUÅGU RCT FGU GPVTGRTKUGU RCTVGPCKTGU FG No#UUQEKCVKQP .G 5COWUQEKCN GP 4QWOCPKG C RCTVKEKRÅ ¼ FGU HQKTGU QTICPKUÅG RQWT NGU GORNQ[ÅU p2GVTQOq $4& %CTTGHQWT #RC 0QXC &$ 5EJGPMGT 4QWOCPKG .QTU FG EGU HQKTGU NG 5COWUQEKCN FG 4QWOCPKG UoGUV RTÅUGPVÅ CXGE FGU OCVÅTKCWZ RWDNKEKVCKTGU DTQEJWTGU TQNN WRU NGU TCRRQTVU CPPWGNU GVE GP RCTVKEWNKGT CXGE FGU yWXTGU FGU QDLGVU HCDTKSWÅU RCT PQU DÅPÅƂEKCKTGU NGU RGTUQPPGU UCPU CDTK SWK UQPV GP NG RTQEGUUWU FG TÅKPUGTVKQP UQEKCNG GV RTQHGUUKQPPGN FCPU PQVTG RTQLGV pCVGNKGT FG VTCXCKN q .G OQPVCPV RGTÃW RCT NG 5COWUQEKCN GP 4QWOCPKG RQWT GUV FG 4QP RNWU FG RCT TCRRQTV ¼ NQTUSWG NoCUUQEKCVKQP C RCTVKEKRÅ ¼ UGWNGOGPV FGWZ HQKTGU QTICPKUÅGU RCT PQU RCTVGPCKTGU UVTCVÅIKSWGU %G SWG PQWU RQWXQPU FKTG CXGE EGTVKVWFG EoGUV SWG GP NG OQPVCPV RGTÃW RCT 5COWUQEKCN GP 4QWOCPKG FG TGFKTKIGT NGU ÅVCKV FG RNWU ÅNGXÅ SWoGP GV PGVVGOGPV UWRÅTKGWT FG RCT TCRRQTV ¼ %GNC RTQWXG WPG RNWU ITCPFG QWXGTVWTG FGU EQPVTKDWCDNGU CW OÅECPKUOG OCKU CWUUK NoGHHGV FGU ECORCIPGU FoKPHQTOCVKQP QTICPKUÅGU PQP UGWNGOGPV RCT PQVTG QTICPKUCVKQP OCKU RCT VQWVGU NGU CUUQEKCVKQPU ¼ DWV PQP NWETCVKH FCPU NG RC[U

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.C NQK FW URQPUQTKPI GZKUVG FGRWKU CPU UCPU ÆVTG VTÄU EQPPWG GP 4QWOCPKG %GNNG EK CXGE NG %QFG (KUECN RGTOGVVGPV CWZ GPVTGRTKUGU FoCNNQWGT ¼ NoKORÐV UWT NG TGXGPW ¼ FGU 10) 5K NG OQPVCPV RCTTCKPÅ PG FÅRCUUG RCU FW EJKHHTG FoCHHCKTGU NoKORÐV UG FKOKPWG FW OQPVCPV VQVCN FW URQPUQTKPI RF

5GNQP NGU FQPPÅGU EGPVTCNKUÅGU RCT No#IGPEG 0CVKQPCNG Fo#FOKPKUVTCVKQP (KUECNG

#0#( UGWNGOGPV FGU GPVTGRTKUGU SWK QPV GW FW RTQƂV GP QPV FÅEKFÅ FG FKTKIGT NGU NG UWT KORÐV CWZ 10) 'P EQPUÅSWGPEG NC RQUUKDKNKVÅ RQWT NGU 10) FG NGXGT FGU HQPFU RCT EG RTQLGV FG NQK GUV ÅPQTOG %oGUV RQWT EGVVG TCKUQP SWG *152+%' %CUC 5RGTCPVGK C NCPEÅ GP PQXGODTG WPG ECORCIPG FG ƂPCPEGOGPV SWK C ÅVÅ DCUÅG UWT NC RTQOQVKQP FW FTQKV FG RCTTCKPCIG GPVTG NGU GPVTGRTKUGU GP NGWT FGOCPFCPV FG UQWVGPKT NC HQPFCVKQP RCT EGVVG NQK .C ECORCIPG C ÅVÅ DCUÅG UWT WP EQPEGRV ETÅCVKH FÅXGNQRRÅ RCT NoCIGPEG FG RWDNKEKVÅ 9QRC 9GCRQPU QH 2WDNKE #VVTCEVKQP ¼ VTCXGTU NGU OÅFKCU RTÅUGPEG UWT NGU RCPPGCWZ RWDNKEKVCKTGU FG NC TWG FGU ÅETCPU FG VÅNÅXKUKQP UWT FGU KOOGWDNGU FG DWTGCWZ TGRQTVCIGU ¼ NC VÅNÅXKUKQP FGU DCPPKÄTGU QPNKPG FKTGEV OCKNKPI GV NoGOCKNKPI # EÐVÅ FGU GPVTGRTKUGU QPV ÅVÅ KORNKSWÅU NG UGTXKEG FG EQNNGEVG FG HQPFU NGU GORNQ[ÅU FoCWVTGU FÅRCTVGOGPVU GV FGU DÅPÅXQNGU FG NC (QPFCVKQP .C ECORCIPG C EQNNGEVÅ NG OQPVCPV FG 4QP FG RNWU SWG NoCPPÅG FGTPKÄTG .C OQKVKÅ FGU HQPFU NGXÅU UGTC CNNQWÅG ¼ NC PQWXGNNG OCKUQP FG UQKPU RCNNKCVKHU SWK XC ÆVTG QWXGTVG ¼ $WECTGUV GP CWVQOPG &CPU EGVVG PQWXGNNG OCKUQP NGU RCVKGPVU CVVGKPVU FG OCNCFKGU KPEWTCDNGU DÅPÅƂEKGTQPV ITCVWKVGOGPV FGU UQKPU RCNNKCVKHU EJCSWG CPPÅG

5GNQP NGU FQPPÅGU HQWTPKGU RCT No#0#( NoCXCPVCIG ƂUECN SWG NC NQK QHHTG CWZ 10) GUV ÅPQTOG /CKU KN HCWV WP GHHQTV FGU QTICPKUCVKQPU ¼ HCKTG EQPPCÊVTG EG FTQKV RQWT NGU GPVTGRTKUGU %oGUV WP GHHQTV SWG NGU 10) FQKXGPV OGPGT RQWT CVVKTGT WP ƂPCPEGOGPV KORQTVCPV

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.GU GPVTGRTKUGU QPV NC RQUUKDKNKVÃ… FG UQWVGPKT WPG CUUQEKCVKQP QW WP RTQLGV URÃ…EKÆ‚SWG FÃ…XGNQRRÃ… RCT EGNNG EK GP KPEKVCPV UGU GORNQ[Ã…U ¼ UoKPXGUVKT FG OCPKÄTG RGTUQPPGNNG RQWT EGVVG CUUQEKCVKQP SWoKN UoCIKUUG FW VGORU EQPUCETÃ… QW FoWPG CKFG Æ‚PCPEKÄTG

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.G FÅRCTVGOGPV FG 45' OCTMGVKPI EQOOWPKECVKQP QTICPKUG WPG ECORCIPG SWK XKUG ¼ UGPUKDKNKUGT NGU GORNQ[ÅU RQWT EGVVG ECWUG GV KNU RGWXGPV HCKTG NG EJQKZ FG NC UQWVGPKT %GVVG CKFG RGTUQPCNKUÅG RGTOGV NC ETÅCVKQP FoWP NKGP HQTV GPVTG NG URQPUQT GV NG DÅPÅƂEKCKTG SWK FQPPG FW EQPVGPW ¼ NoKPXGUVKUUGOGPV

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p'VCNÃ… UWT SWCVTG CPU NG RTQLGV XKUG ¼ OGVVTG ¼ RTQÆ‚V NoGZRGTVKUG GV NG VTCXCKN FG NC HQPFCVKQP 2#4#&# CWRTÄU FGU GPHCPVU FGU TWGU FG $WECTGUV ¼ VTCXGTU NoCTV UQEKCN NG EKTSWG GP RCTVKEWNKGT q

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&U©DWLRQ GÍXQH $FDG©PLH GÍ$UW VRFLDO %XFDUHVW $ :%)41"M 'VCNÅ UWT SWCVTG CPU NG RTQLGV XKUG ¼ OGVVTG ¼ RTQƂV NoGZRGTVKUG GV NG VTCXCKN FG NC HQPFCVKQP 2#4#&# CWRTÄU FGU GPHCPVU FGU TWGU FG $WECTGUV ¼ VTCXGTU NoCTV UQEKCN NG EKTSWG GP RCTVKEWNKGT A0"-)C$1."%$1&$.D .G RCTVGPCTKCV PQWÅ FCPU EG ECFTG GPVTG 2#4#&# GV NC $02 2CTKDCU EQPUVKVWG WP RCTVGPCTKCV HQTV WP XÅTKVCDNG GZGORNG FoKPXGUVKUUGOGPV UQEKCN GV UQEKÅVCN FoWPG DCPSWG TGURQPUCDNG &oCDQTF RCT UC FWTÅG GPUWKVG RCT NoÅVGPFWG GV NGU HQTOGU SWG RTKV NoKPXGUVKUUGOGPV FG NC DCPSWG FCPU NoCEVKQP UQEKCNG FG NC HQPFCVKQP 2#4#&# % 6+"%H$H"("%.)(/1$-)/0)41X3")&%#01'&/%)*$%')-+<&'./1&B0")*+0%")1"-$.&/% 6QWV FÅOCTTG VQWLQWTU IT¾EG ¼ WPG RGTUQPPG &CPU EG ECU RTÅEKU KN KN UoCIKV FG 2JKNKRRG %JCDGTV CPEKGP FKTGEVGWT )GPGTCN FG NC DTCPEJG TQWOCKPG FG NC $02 2CTKDCU .GCUG )TQWR 5GPUKDKNKUÅ RCT NC UKVWCVKQP FGU GPHCPVU FGU TWGU FG NC ECRKVCNG TQWOCKPG C[CPV RTKU EQPPCKUUCPEG FW VTCXCKN SWG 2#4#&# OGPCKV CWRTÄU FG EGVVG RQRWNCVKQP KN RTKV VQWT ¼ VQWT RCTV ¼ FGU OCTCWFGU PQEVWTPGU PQWU TGPFKV XKUKVG ¼ PQVTG %GPVTG FG ,QWT EQPPWV NGU GPHCPVU GV NGU QRÅTCVGWTU UQEKCWZ EQORTKV NoKORQTVCPEG FW VTCXCKN UQEKCN OGPÅ RCT 2#4#&# CWRTÄU FG EGVVG RQRWNCVKQP FÅUyWXTÅG UKNGPEKGWUG KIPQTÅG RCT NGU CWVQTKVÅU RWDNKSWGU +N GODCTSWC NC UQEKÅVÅ SWoKN FKTKIGCKV CNQTU NC $02 2CTKDCU .GCUG )TQWR ƂPCPEKÄTGOGPV FoCDQTF GP FÅICIGCPV WP EGTVCKP OQPVCPV CPPWGN IT¾EG CWZ HCEKNKVÅU ƂUECNGU SWG NC NQK TQWOCKPG RTÅXQKV XKC FGU FÅFWEVKQPU FoKORÐVU UWT NGU DÅPÅƂEGU NC NQK FKVG FG FG NoKORÐV UWT NGU DÅPÅƂEGU +N ƂV GPUWKVG KPVÅTGUUGT CWZ CEVKXKVÅU FG 2#4#&# EGTVCKPU FG UGU EQNNÄIWGU OCKU CWUUK FGU CWVTGU GPVKVÅU FW ITQWRG $02 2CTKDCU RTÅUGPV GP 4QWOCPKG +N OKV RCT GZGORNG ¼ RTQƂV WPG TÅWPKQP FGU FKTGEVGWTU OCTMGVKPI FG VQWVGU NGU DTCPEJGU FW ITQWRG RTÅUGPVGU GP 4QWOCPKG RQWT HCKTG EQPPCKVTG GV UWT NGU CEVKQPU FG 2#4#&# RO

+N RTKV CWUUK EQPVCEV CXGE NC HQPFCVKQP FoGPVTGRTKUG UKUG ¼ 2CTKU %GVVG FGTPKÄTG CRRTKV ¼ UQP VQWT ¼ EQPPCKVTG GV ¼ CRRTÅEKGT PQVTG VTCXCKN )TCEG ¼ UQP CEVKQP OÅEÅPCV FCPU NG FQOCKPG FG NoCTV GV FG NoKPENWUKQP UQEKCNG NC HQPFCVKQP $02 2CTKDCU EQPEÅFC WP RTGOKGT ITCPV FG a GP ¼ NC HQPFCVKQP 2#4#&# %G ITCPV HWV TGPQWXGNÅ ¼ VTQKU TGRTKUGU LWUSWoGP 754"!%% 'PUWKVG NC HQPFCVKQP $02 2CTKDCU NCPÃC WP CRRGN ¼ RTQLGVU XKC NG RTQITCOOG 5OCTV 5VCTV FCPU VQWU NGU RC[U GWTQRÅGPU QW NC DCPSWG $02 2CTKDCU ÅVCKV RTÅUGPVG 0QVTG RTQLGV FG ETÅCVKQP FoWPG #ECFÅOKG Fo#TV UQEKCN ICIPC NoCRRGN ¼ RTQLGVU GV HWV FÄU NQTU ƂPCPEÅ %G PQWXGCW RCTVGPCTKCV CXGE NC HQPFCVKQP $02 2CTKDCU FÅDWVC GP .oKPVGTXGPVKQP ƂPCPEKÄTG FG NC HQPFCVKQP $02 2CTKDCU FCPU ETÅCVKQP FG EGVVG #ECFÅOKG GUV FG a GP DCUG CPPWGNNG /CKU NC $02 2CTKDCU UC DTCPEJG TQWOCKPG EQPVKPWC ¼ UoKPXGUVKT FCPU NGU CEVKXKVÅU OGPÅGU RCT 2#4#&# #KPUK FG EGVVG OCPKÄTG WP PQODTG VQWLQWTU ETQKUUCPV FG EQNNCDQTCVGWTU FG NC $02 2CTKDCU 4QWOCPKG UoKORNKSWGPV GV UoKPXGUVKUUGPV FCPU NG UQEKCN UG HCOKNKCTKUGPV CXGE NC RTCVKSWG CTVKUVKSWG EQORTGPPGPV GV CRRTQEJGPV NoCTV )0+6*3! +N UoCIKV N¼ FoWP RCTVGPCTKCV ¼ NQPI VGTOG KORNKSWCPV WPG OWNVKVWFG FoCEVGWTU FGU FGWZ EÐVÅU GV FQPV NG RCTVCIG s FGU XCNGWTU FGU UGPVKOGPVU s FGOGWTG NC RKGTTG CPIWNCKTG .oKPXGUVKUUGOGPV FGU GORNQ[ÅU OCKU CWUUK FGU GPVKVÅU NQECNGU FW ITQWRG $02 2CTKDCU #TXCN $02 2CTKDCU %CTFKH %GVGNGO $02 2CTKDCU .GCUKPI 5QNWVKQPU $02 2CTKDCU 4GCN 'UVCVG RTKV FGU HQTOGU FKXGTUGU GV KPFKXKFWCNKUÅGU FGRWKU NC XKUKVG CW %GPVTG FG ,QWT GV LWUSWo¼ RTGPFTG RCTV ¼ NC OCTCWFG PQEVWTPG EQOOWPKSWGT UoKPXGUVKT GP VCPV SWG DÅPÅXQNGU KPXKVGT NC VTQWRG 2#4#&# ¼ HCKTG FGU URGEVCENGU QTICPKUGT WPG GZRQUKVKQP RJQVQ UWT NG VJÄOG FGU GPHCPVU FGU TWGU CDTKVÅG CW UKÄIG DWECTGUVQKU =Q

FW ITQWRG QTICPKUGT FGU EQNNGEVGU FG XÆVGOGPVU RGPFCPV NC UCKUQP HTQKFG HCKTG FGU FQPU [ EQORTKU GP OCVÅTKGN KPHQTOCVKSWG GVE 2JKNKRRG %JCDGTV RQWTUWKXKV UC OKUUKQP CW UGKP FW ITQWRG GP +PFG RWKU CW /CTQE /CKU NG ƃCODGCW HWV TGRTKU RCT FoCWVTGU RGTUQPPGU FQPV PQVCOOGPV NoCEVWGN FKTGEVGWT IÅPÅTCN FG NC DTCPEJG TQWOCKPG FW ITQWRG 8KPEGP\Q %CNNC QW GPEQTG RCT 4QOWCNF 6QWNQP OCKU UWTVQWV EGVVG EQNNCDQTCVKQP Uo KPUVKVWVKQPPCNKUC FGXKPV RCTV FG NC EWNVWTG FG NoGPVTGRTKUG GV FoWPG OCPKÄTG FoÆVTG GV FG HCKTG FQPV NC 4QWOCPKG *%-*1-%2()061!% 6+Y#$*2(&")*+Y1.)'/#&$-)Z)-$)(&'")'01),&"*)*+0%")[)0./,&")\ CPEKGPU GPHCPVU FGU TWGU HQTOÅU CPVÅTKGWTGOGPV CW EKTSWG HWTGPV GODCWEJÅU RCT NC HQPFCVKQP 2#4#&# 7P RTQEGUUWU FG HQTOCVKQP RÅFCIQIKSWG FG HQTOCVKQP GP EKTSWG UQEKCN HWV OKU UWT RKGF ¼ NGWT KPVGPVKQP IT¾EG ¼ FGU EQNNCDQTCVKQPU RTGUVKIKGWUGU NG %KTSWG FW 5QNGKN No'EQNG FG %KTSWG FG $TWZGNNGU GV NG TÅUGCW GWTQRÅGP FoÅEQNGU FG EKTSWG UQEKCN %CTCXCP NG 6GCVTQ /CITQ GVE &GU CVGNKGTU FG EKTSWG HWTGPV QTICPKUGU FCPU NGU ÅEQNGU EG [ EQORTKU CW .[EÅG (TCPÃCKU #PPC FG 0QCKNNGU FG $WECTGUV QW GPEQTG ¼ No'EQNG KVCNKGPPG #NFQ /QTQ 'P RCTCNNÄNG NG VTCXCKN UQEKCN HWV CRRTQHQPFK WP PQODTG VQWLQWTU ETQKUUCPV FoGPHCPVU FÅHCXQTKUÅU [ EQORTKU FGU GPHCPVU GP UKVWCVKQP FG TWG C[CPV FG EGVVG OCPKÄTG CEEÄU ¼ NC RTCVKSWG CTVKUVKSWG 7P PQWXGCW URGEVCENG 2#4#&# +5 HWV OKU GP UEÄPG GP RCT NGU PQWXGCWZ HQTOCVGWTU KUUWU FW RTQLGV &GU VQWTPÅGU QTICPKUÅGU GP 4QWOCPKG GV ¼ NoÅVTCPIGT GP (TCPEG GP +VCNKG GV GP 5WKUUG NC OKUG GP yWXTG FoWP UGTXKEG FoCPKOCVKQP FGUVKPÅ CWZ HÆVGU RTKXÅGU NC RCTVKEKRCVKQP ¼ FGU HGUVKXCNU GV ¼ FGU ÅXÅPGOGPVU RWDNKEU NGU (ÆVGU PCVKQPCNGU FG (TCPEG FW %CPCFC FG No©VCNKG XCNKFÄTGPV PQVTG CRRTQEJG =P

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+N GUV VTÄU FKHƂEKNG RQWT NGU LGWPGU GP UKVWCVKQP FoGZENWUKQP FG VTQWXGT WP GORNQK %GU LGWPGU XKGPPGPV FoQTRJGNKPCV FG NC TWG QW FoQTICPKUCVKQP SWK NGWT QHHTGPV WPG CUUKUVCPEG 2QWT TÅUQWFTG EG RTQDNÄOG KN HCWV VTQWXGT FGU UQNWVKQPU RÅTGPPGU =R

7P ITCPF PQODTG FG EGU LGWPGU FW HCKV FG NGWTU GZRÃ…TKGPEGU RGTUQPPGNNGU GV FG NGWT JKUVQKTG QPV Ã…VÃ… VQVCNGOGPV FÃ…RQWTXWU FoKPHQTOCVKQPU FG HQTOCVKQP CKPUK SWG FoKPVÃ…ITCVKQP RTQHGUUKQPPGNNG +N GUV GUUGPVKCN FG ETÃ…GT WP KPUVTWOGPV SWK HCKV NoKPVGTHCEG GPVTG EGU LGWPGU FCPU NG DGUQKP GV NGU GPVTGRTKUGU SWK UQPV RTÆVGU ¼ NGU GORNQ[GT OCNITÃ… NG HCKV SWoKNU PoCKGPV RTGUSWG RCU FG EQORÃ…VGPEGU 'P GHHGV KN GUV VTÄU FKHÆ‚EKNG RQWT EGU LGWPGU FG VTQWXGT WPG QHHTG FG VTCXCKN 2QWT WP EJCPIGOGPV GHÆ‚ECEG GV RÃ…TGPPG KN GUV KORQTVCPV SWG EGU LGWPGU CTTKXGPV ¼ CXQKT WPG KPFÃ…RGPFCPEG Æ‚PCPEKÄTG IT¾EG ¼ WPG CRRTQEJG CFÃ…SWCVG SWK PG UoCRRCTGPVG RCU ¼ NC EJCTKVÃ… +N PG HCWV RCU TGRTQFWKTG WP OQFÄNG FoCUUKUVCPEG OCKU CW EQPVTCKTG UVKOWNGT NGU EQORÃ…VGPEGU FG EJCEWP GP NGU KPVÃ…ITCPV RTQHGUUKQPPGNNGOGPV .oCRRTQEJG SWo#2'. QHHTG GUV WP EQPVCEV FKTGEV GPVTG NC UQEKÃ…VÃ… GV NG OCTEJÃ… FW VTCXCKN #Æ‚P FoQTICPKUGT WPG KPVGTXGPVKQP KN HCWV RTGPFTG GP EQORVG WP EGTVCKP PQODTG FG HCEVGWTU r .GU ECTCEVÃ…TKUVKSWGU FG NC OCTIKPCNKUCVKQP r .oKORCEV GV NoGHÆ‚ECEKVÃ… FG NoKPVGTXGPVKQP .C RTGOKÄTG EJQUG ¼ HCKTG GUV FG UGPUKDKNKUGT FCXCPVCIG NGU IGPU UWT NG RJÃ…PQOÄPG FG OCTIKPCNKUCVKQP %oGUV WP HCKV SWG FCPU NGU ITCPFGU XKNNGU RTGPQPU NoGZGORNG FG NC ECRKVCNG $WECTGUV GV 6KOKUQCTC QÕ #2'. VTCXCKNNG KN [ C DGCWEQWR FG OCTIKPCNKUCVKQP 'P GHHGV RNWU NC XKNNG GUV ITCPFG RNWU KN [ CWTC FG OCTIKPCNKUCVKQP &G PQODTGWUGU RGTUQPPGU XKGPPGPV FCPU EGU FGWZ ITCPFGU XKNNGU CÆ‚P FG VTQWXGT FW VTCXCKN .G RTQDNÄOG TÃ…UKFG FCPU NG HCKV SWo KN Po[ C RCU CWVCPV FoQRRQTVWPKVÃ…U FG VTCXCKN RQWT EGU IGPU GV RCTHQKU KN UGTCKV RNWU KPVÃ…TGUUCPV FG EJGTEJGT WP GORNQK FCPU FGU XKNNGU RNWU RGVKVGU %GNC UoGZRNKSWG RCT NG EQPVGZVG JKUVQTKSWG FG NC 4QWOCPKG SWK GUV GP GP VTCPUKVKQP UQEKCNG ==

$WECTGUV GV 6KOKUQCTC PG UQPV RCU TGRTÅUGPVCVKXGU FW EQPVGZVG TWTCN NQECN .C OCTIKPCNKUCVKQP ¼ NoKPVÅTKGWT FG EGU ITCPFGU XKNNGU GUV UWRÅTKGWTG ¼ EGNNG FG XKNNGU RNWU RGVKVGU &G RNWU ÆVTG RCWXTG FCPU WPG ITCPFG XKNNG GUV RNWU FKHƂEKNG SWG FCPU WPG RGVKVG QW ¼ NC ECORCIPG 'P GHHGV NoKOCIG GV NoCRRCTGPEG [ GUV DGCWEQWR RNWU KORQTVCPVG CKPUK NGU KPFKXKFWU UQPV VQWEJÅU RTQHQPFÅOGPV FCPU NGWT RGTUQPPCNKVÅ .GU TÅUWNVCVU Fo#2'. RQWT NoKPVÅITCVKQP FGU LGWPGU GP U Îx iÕ iÃ Ì «>ÀÌ V «jà D `ià V ÕÀà `i «À viÃà > Ã>Ì U {Ç iÕ iÃ Ì jÌj V Ãi jà iÌ v À jà « ÕÀ ÌÀ ÕÛiÀ Õ ÌÀ>Û> ° U ÎÇ iÕ iÃ Ì jÌj i « Þjà `> à > Àj} `i ÕV>ÀiÃÌ iÌ `Õ ÃÕ` Õ Ìi >° U ÓÇ iÕ iÃ Ì jÌj ÃÕ Û Ã >«Àmà >Û À jÌj i « Þjð Y3$%.$H"')*+0%")"%.1",1&'")B0&)"(4/0#<")#"'),"1'/%%"'@ r ¥NCTIKT NGU TGUUQWTEGU JWOCKPGU FG NoGPVTGRTKUG CXGE FGU RGTUQPPGU SWK UQPV FGU HQTEGU FG VTCXCKN r #EEÅFGT CW UGTXKEG ITCVWKV FG UÅNGEVKQP ÅXCNWCVKQP HQTOCVKQP RTQHGUUKQPPGNNG GV TGEQOOCPFCVKQP FGU RGTUQPPGU r $ÅPÅƂEKGT FGU UGTXKEGU RTQHGUUKQPPGNU FG OÅFKCVKQP CW FÅDWV FG NC RÅTKQFG FG VTCXCKN r $ÅPÅƂEKGT FG NC EQPUWNVCPEG UWT NGU HCEKNKVÅU NÅIKUNCVKXGU TGÃWGU RCT NGU UQEKÅVÅU SWK GODCWEJGPV FGU RGTUQPPGU GP FKHƂEWNVÅ r +ORNKECVKQP FCPU NGU CHHCKTGU FG NC EQOOWPCWVÅ r 2TQOQWXQKT WPG OGKNNGWTG KOCIG GP VCPV SWoGORNQ[GWT GV UQEKÅVÅ r %QPUVTWKTG WP RCTVGPCTKCV FWTCDNG RWDNKE RTKXÅ

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.G XQNQPVCKTG RGWV QDVGPKT NC TGEQPPCKUUCPEG FG NoGZRÅTKGPEG EQOOG WPG VGNNG CEVKXKVÅ RTQHGUUKQPPGNNG UoKN C QRÅTÅ FGU CEVKXKVÅU GP CEEQTF CXGE UGU ÅVWFGU #KPUK KN RGWV QDVGPKT WP EGTVKƂECV FG EQORÅVGPEG EQOOG DÅPÅƂEG %QPHQTOÅOGPV ¼ NoÅVWFG FW %GPVTG FG /CTMGVKPI GV 2TQIPQUG 5QEKCNG UGWNGOGPV FGU TQWOCKPU QPV HCKV FW XQNQPVCTKCV GP *CDKVCV C QDUGTXÅ NoQRRQTVWPKVÅ s FQPPÅG RCT NG TGUVG FG GV C CIKV ¼ RCTVKT FG RQWT NGU KORNKSWGT .G RTQEGUUWU C ÅVÅ UWRGTƂEKGNNGOGPV RTQCEVKH LWUSWoCW GP ETÅCPV FÅRGPFCPEG OCKU KN GUV FGXGPW WP RTQEGUUWU KPVGPUÅOGPV RTQCEVKH ¼ RCTVKT FG ¼ ECWUG FW DGUQKP XKH FG NoCEJÄXGOGPV FoWPG FWTCDKNKVÅ ¼ NQPI VGTOG .oGHHQTV FG NC ECORCIPG EQOOGPEÅG GP C ÅVÅ EGPVTÅ UWT NC EQOOWPCWVÅ GV GP PQWU CXQPU GW NGU RTGOKGTU TÅUWNVCVU PQWXGNNGU OCKUQPU QPV ÅVÅ D¾VKGU RGPFCPV NoCWVQOPG FW ¼ $CUEQX CXGE XQNQPVCKTGU GV TGUUQWTEGU FG NC EQOOWPCWVÅ GV GP PQWU CXQPU GW NGU RTGOKÄTGU UQEKÅVÅU TGETWVÅGU FG HCÃQP KPFÅRGPFCPVG UCWH NoQTICPKUCVKQP OÄTG GV NGU RTGOKGTU XQNQPVCKTGU FoGPVTGRTKUG FG NC EQOOWPCWVÅ .GU UQEKÅVÅU UQPV UQNNKEKVÅGU FKTGEVGOGPV &GU HQKU QP C ÅVÅ FCPU WPG RQUKVKQP TÅCEVKXG NGU UQEKÅVÅU QPV UQNNKEKVÅ FGU QRRQTVWPKVÅU FG XQNQPVCTKCV 0QWU CXQPU HCKV RNWU FG RTÅUGPVCVKQPU GP HCEG ¼ HCEG CXGE FGU ITCPFGU UQEKÅVÅU GV FGU 2/' EGPVTÅU UWT NC XCNGWT UWRRNÅOGPVCKTG CLQWVÅG RCT NGU GORNQ[ÅU XQNQPVCKTGU FCPU NC UQEKÅVÅ &GWZ RCTVGPCTKCVU CXGE FGU 10) QPV ÅVÅ UKIPÅU .oGUVKOCVKQP FG NoKORCEV FG NC ECORCIPG GP FÅXGNQRRGOGPV LWUSWo¼ NC ƂP FW GUV FG XQNQPVCKTGU CWIOGPVCVKQP SWK EQPVTKDWGPV GP OQ[GPPG JGWTGU FG DQWNQV XQNQPVCKTG SWK C WPG XCNGWT FG 410

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&G RNWU EGU XQNQPVCKTGU XQPV IÅPÅTGT WP OQPVCPV FG 410 410 FÅL¼ GPECKUUÅU .GU XQNQPVCKTGU QW NGU UQEKÅVÅU CXGE NGUSWGNNGU KNU XKGPPGPV UWT NG EJCPVKGT EQWXTGPV NGU FÅRGPUGU NQIKUVKSWGU FW ECOR FG VTCXCKN XQNQPVCKTG GV KNU EQNNCDQTGPV CXGE WP EQQTFQPPCVGWT NQECN RQWT NoQTICPKUCVKQP .GU EQ×VU FGU OCKUQPU UG TÅFWKUGPV EQPUKFÅTCDNGOGPV IT¾EG CW FW VTCXCKN FGU XQNQPVCKTGU GV FoKEK XKGPV NG DGUQKP ÅPQTOG FG XQNQPVCKTGU s RCT CP RQWT NC RÅTKQFG 7PG ÅXCNWCVKQP HQTOGNNG UWKV ¼ EJCSWG GZRÅTKGPEG UWT WP EJCPVKGT GV WP PQWXGCW ECOR FG VTCXCKN XQNQPVCKTG GUV ÅXGPVWGNNGOGPV ÅVCDNK .GU EQORCIPKGU OWNVKPCVKQPCNGU NGU 2/' QPV EQOOGPEÅ ¼ UoKORNKSWGT VKOKFGOGPV RWKU CXGE HGTOGVÅ UWT NG VGTTCKP FW XQNQPVCTKCV 7PG ÅVWFG &GNQKVVG 8QNWPVGGT +ORCEV OQPVTG SWG FGU GORNQ[ÅU FÅENCTGPV SWG NG XQNQPVCTKCV C WPG KPƃWGPEG RQUKVKXG UWT NGWT ECTTKÄTG RTQHGUUKQPPGNNG GV NoÅVWFG %QTRQTCVG %KVK\GPUJKR )TCPFG $TGVCIPG OQPVTG SWG NG XQNQPVCTKCV FÅXGNQRRG FGU EQORÅVGPEGU EQOOG NoCFCRVCDKNKVÅ NC EQOOWPKECVKQP NG VTCXCKN GP ÅSWKRG NC ECRCEKVÅ FG PÅIQEKCVKQP ¥XKFGOOGPV QP C NGU DÅPÅƂEGU FGU 10) UQKV FCPU NG FQOCKPG FG NoJCDKVCVKQP UQKV CWVTG EJQUG 5WRRQUQPU SWG GV KH HCWV XKUGT JCWV 4QWOCKPU GP HCKUCPV FW XQNQPVCTKCV LQWTU RCT CP JGWTGU RCT LQWT ¼ WPG XCNGWT OQ[GPPG FG GWTQU RCT JGWTG ETÅGPV FGU DÅPÅƂEGU RQWT NC UQEKÅVÅ WPG XCNGWT FG GWTQU 'WTÆMC

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.G RTQLGV FW LQWT C ÅVÅ NC FÅOQNKVKQP FG NC XKGKNNG OCKUQP SWK HQPEVKQPPCKV EQOOG GPENQU RQWT NC XQNCKNNG GODCTSWGOGPV FGU FÅDTKU NoGZVGPUKQP FG NC OCKUQP FÅL¼ EQOOGPEÅG CXGE WPG RGVKVG EWKUKPG GV WPG UCNNG FG DCKPU GV NC EQPUVTWEVKQP FoWP PQWXGN GPENQU .C UCVKUHCEVKQP FW ITQWRG GV FW FKTGEVGWT IÅPÅTCN / 6TCODKVCUW C ÅVÅ URÅEKCNG GV NoGPVJQWUKCUOG FG NoGZRÅTKGPEG C IÅPÅTÅ NoKPVÅTÆV RQWT WP RTQLGV RNWU ITCPF FCPU NoCXGPKT

1P UoGUV TGPEQPVTÅU RCT TGEQOOCPFCVKQP RGPFCPV NG RTKPVGORU FG *CDKVCV CRRTÅEKG SWG NC RCTVKEKRCVKQP FG NC UQEKÅVÅ FCPU WP RTQLGV UQEKCN CXGE FGU XQNQPVCKTGU UQKV WPG UQTVKG TÅWUUKVG FG NC TQWVKPG SWQVKFKGPPG KPVGPUG CXGE FG DQPU GHHGVU GP EG SWK EQPEGTPG NGU GORNQ[ÅU RCTVKEKRCPVU 2QWT NC HCOKNNG DÅPÅƂEKCKTG GUV ÅVQPPCPV SWG FGU ÅVTCPIGTU XKGPPGPV ¼ NGU CKFGT UCPU FGOCPFGT TKGP GP ÅEJCPIG .oCVVCEJGOGPV GPXGTU NGU XCNGWTU FG NC UQEKÅVÅ NoGZRÅTKGPEG FG VGCODWKNFKPI GV FGU OÅOQKTGU KPQWDNKCDNGU ¼ EÐVÅ FG EQNNÄIWGU GV FG NC HCOKNNG UQPV FGU LCNQPU SWK HQPV WP VGN ECU KORQTVCPV ¼ UG TGRTQFWKTG ¼ WPG ITCPFG ÅEJGNNG

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:J"(,-"@)8%'"1.&/%),1/M"''&/%%"--" d0QWU CXQPU GODCWEJÅ +QP UWKVG ¼ WP GPVTGVKGP EJG\ PQWU UCPU RTÅLWIÅU CRTÄU SWoKN PQWU CKV ÅVÅ TGEQOOCPFÅ RCT #VGNKGTG (CTC (TQPVKGTG 0QWU PG UCXKQPU OÆOG RCU RQWTSWQK KN ÅVCKV CTTKXÅ EJG\ #VGNKGTG (CTC (TQPVKGTG GV PQWU PG NG UCXQPU VQWLQWTU RCU CWLQWTFoJWK s ÃC PG PQWU KPVÅTGUUG RCU +N C ÅVÅ VTÄU DQP GP GPVTGVKGP GV PQWU NoCXQPU HCKV VTCXCKNNGT FoCDQTF XKC WP EQPVTCV dVGUVq FG RTGUVCVKQP FG UGTXKEGU CXGE #(( RWKU VTÄU TCRKFGOGPV CXGE WP EQPVTCV FG VTCXCKN (TG[TQO ENCUUKSWG &GRWKU KN VTCXCKNNG UWT PQVTG EJCPVKGT FG EQPUVTWEVKQP NG RNWU RTGUVKIKGWZ NG RQPV Fo#IKIGC UWT NGSWGN KN GUV UQWFGWT ¼ NoCTE q (TCPÃQKU 6TQPGN FKTGEVGWT IÅPÅTCN FG (TG[TQO

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.o#UUQEKCVKQP 8CNGPVKPC C ÅVÅ ETÅGG GP ¼ NoKPKVKCVKXG FoWPG ÅSWKRG FG XQNQPVCKTGU HTCPÃCKU FCPU NG DWV FoQHHTKT FG NoCKFG CWZ HCOKNNGU FÅHCXQTKUÅGU FW UGEVGWT FG $WECTGUV SWCTVKGT FG (GTGPVCTK .G RTKPEKRCN QDLGEVKH GUV NoCEEÄU ¼ NC UEQNCTKUCVKQP FG VQWU NGU GPHCPVU NoÅFWECVKQP RTÅUEQNCKTG GV UEQNCKTG ÅVCPV GUUGPVKGNNG RQWT NGWT CXGPKT

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.o#UUQEKCVKQP 8CNGPVKPC CKFG GPHCPVU GV NGWTU HCOKNNGU GP FÅTQWNCPV NGU RTQLGVU UWKXCPVU r 2TÅUEQNCTKUCVKQP CEEÄU ¼ NoÅFWECVKQP RTÅUEQNCKTG RCT NG RCKGOGPV FG NC ECPVKPG GV FGU HQWTPKVWTGU UEQNCKTGU r #HVGT UEJQQN CKFG CWZ FGXQKTU HQWTPKVWTGU UEQNCKTGU CEVKXKVÅU GZVTCEWTTKEWNCKTGU GV WP TGRCU EJCWF QHHGTVU CW EGPVTG FG LQWT r 4ÅKPUGTVKQP RTQHGUUKQPPGNNG UWRRQTV ¼ NC TGEJGTEJG FoWP GORNQK GV HQTOCVKQP RTQHGUUKQPPGNNG RQWT NGU RCTGPVU 7P CVGNKGT FG EQWVWTG QHHTG CWZ OÄTGU WPG HQTOCVKQP RTQHGUUKQPPGNNG GV WP GORNQK r 4ÅJCDKNKVCVKQP FGU NQIGOGPVU CKFG OCVÅTKGNNG ¼ NoCOÅNKQTCVKQP FG No JCDKVCV r 5WKXK UQEKQ ÅEQPQOKSWG UCPKVCKTG GV RU[EJQNQIKSWG FGU RCTGPVU GV FGU GPHCPVU GP XWG FG NGWT ÅXQNWVKQP

;2'0-.$.'),/01)-+$%%2")'#/-$&1")RQP=NRQPF@$$ r TGRCU EJCWFU QHHGTVU UWT NoCPPÅG r GPHCPVU GV HCOKNNGU CKFÅU r 2TÅUEQNCTKUCVKQP 5WT GPHCPVU ¾IÅU GPVTG CPU UGWN C TGPQPEÅ ¼ NoÅEQNG LWUSWo¼ NoCPPÅG RTQEJCKPG r #HVGT UEJQQN 5WT GPHCPVU ¾IÅU GPVTG CPU CWEWP ECU FoCDCPFQP UEQNCKTG RCUUGPV GP ENCUUG UWRÅTKGWTG TGFQWDNGPV UQPV GP TCVVTCRCIG GP UGRVGODTG r 4ÅKPUGTVKQP RTQHGUUKQPPGNNG RCTGPVU GP HQTOCVKQP RTQHGUUKQPPGNNG RCTGPVU QPV VTQWXÅ WP GORNQK r 4ÅJCDKNKVCVKQP FGU NQIGOGPVU HCOKNNGU QPV TGÃW WPG CKFG OCVÅTKGNNG QW GP PCVWTG CKFGU FoWTIGPEG RCKGOGPV HCEVWTGU FoGCW ÅNGEVTKEKVÅ IC\ r 5WKXK UQEKQ ÅEQPQOKSWG UCPKVCKTG GV RU[EJQNQIKSWG GPHCPVU GV RCTGPVU UWKXKU RU[EJQNQIKSWGOGPV CKFGU UCPKVCKTGU FoWTIGPEG OÅFKECOGPVU GZCOGPU OÅFKECWZ 2CTVGPCKTGU #5 $4& &CPQPG (KFGUEQ (QPFCVKQP 2TKPEGUUG /CTIWGTKVG FG 4QWOCPKG )TQWRCOC )5- /GNK /GNQ 0GUVNÅ 6+#$ 7PK%TGFKV 7PKVGF 9C[ 9GTPGT 5KGOGPU 5VKHVWPI 9KPIU QH 5WRRQTV GO

9KVJ VJG RCTVKEKRCVKQP QH VJG

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(QTGYQTF + EQPITCVWNCVG VJG (TGPEJ %JCODGT QH %QOOGTEG +PFWUVT[ CPF #ITKEWNVWTG KP 4QOCPKC %%+('4 QP VJKU RWDNKECVKQP QH UWEEGUU UVQTKGU QP %QTRQTCVG 5QEKCN 4GURQPUKDKNKV[ %54 5WEJ UWEEGUU UVQTKGU CTG GUUGPVKCN KP RTQOQVKPI %54 CPF FGOQPUVTCVKPI VJG OWVWCNN[ DGPGƂEKCN PCVWTG QH VJG VQRKE HQT UQEKGV[ QP VJG QPG JCPF CPF DWUKPGUU RGTHQTOCPEG QP VJG QVJGT 6JG %QOOKUUKQP JKIJN[ CRRTGEKCVGU VJKU RWDNKECVKQP %54 VCMGU WR C RTQOKPGPV TQNG KP VJG '7 RQNKE[ DGKPI RCTV QH 'WTQRGo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oU UQEKGV[ +V UGVU QWV VJG EQPXGTIKPI TQNG QH %54 K G JQY %54 KU KPJGTGPV VQ C EQORCP[oU DWUKPGUU KPVGTGUVU CPF CV VJG UCOG VKOG EQPVTKDWVGU VQ MG[ UQEKGVCN EJCNNGPIGU YJGVJGT KV KU FGOQITCRJKE EJCPIG ENKOCVG EJCPIG QT VJG YGNNDGKPI QH YQTMGTU 6JKU KU YJ[ VJG %QOOKUUKQP FGƂPGF %54 CU pVJG TGURQPUKDKNKV[ QH GPVGTRTKUGU HQT VJGKT KORCEVU QP UQEKGV[ p +P KVU RQNKE[ QP %54 VJG %QOOKUUKQP CKOU VQ JGNR GPVGTRTKUGU VQ OCZKOKUG VJGKT RQUKVKXG KORCEVU CPF CNUQ VQ JGNR VJGO VQ KFGPVKH[ CPF RTGXGPV RQUUKDNG PGICVKXG KORCEVU QH VJGKT DWUKPGUU QRGTCVKQPU 6JG %QOOKUUKQP DGNKGXGU VJCV %54 UJQWNF DG NGF D[ GPVGTRTKUGU VJGOUGNXGU 9G DGNKGXG VJCV RWDNKE RQNKE[ UJQWNF PQV DG RTGUETKRVKXG CPF UJQWNF NGCXG GPQWIJ ƃGZKDKNKV[ HQT GPVGTRTKUGU VQ FGXGNQR IQ

VJGKT QYP UVTCVGIKGU +P RCTVKEWNCT HQT UOCNN CPF OGFKWO UK\GF GPVGTRTKUGU UWEJ ƃGZKDKNKV[ KU ETKVKECN 9G CTG CFCOCPV VJCV %54 UJQWNF PQV DGEQOG C UQWTEG QH WPPGEGUUCT[ CFOKPKUVTCVKXG DWTFGP QP DWUKPGUUGU 9G CFXKUG VJCV KP QTFGT VQ HWNƂN VJGKT UQEKCN TGURQPUKDKNKV[ EQORCPKGU UJQWNF JCXG KP RNCEG C RTQEGUU VQ KPVGITCVG UQEKCN GPXKTQPOGPVCN GVJKECN JWOCP TKIJVU QT EQPUWOGT EQPEGTPU KPVQ VJGKT DWUKPGUU QRGTCVKQPU CPF EQTG UVTCVGI[ KP ENQUG EQNNCDQTCVKQP YKVJ VJGKT UVCMGJQNFGTU 6JG CKO KU VQ OCZKOKUG VJG ETGCVKQP QH UJCTGF XCNWG HQT VJGKT QYPGTU CPF UJCTGJQNFGTU VJGKT GORNQ[GGU CPF VJGKT UVCMGJQNFGTU 6JG %QOOKUUKQPo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ƂPKPI VJG PGZV %QOOKUUKQP CIGPFC QP %54 YG FGEKFGF VQ WPFGTVCMG C EQORTGJGPUKXG EQPUWNVCVKQP KP QTFGT VQ VCMG UVQEM CPF TGEGKXG HGGFDCEM QP QWT RCUV GHHQTVU CU YGNN CU CUM HQT KPRWV QP VJG MG[ UVKEMKPI RQKPVU HQT VJG HWVWTG (QT VJKU RWTRQUG YG ECTTKGF QWV C RWDNKE EQPUWNVCVKQP YJKEJ YCU QRGP WPVKN OKF #WIWUV CPF YKNN CNUQ QTICPKUG C DKI EQPHGTGPEG CV VJG DGIKPPKPI QH %CUG UVWFKGU UWEJ CU VJQUG HTQO 4QOCPKC EQPVTKDWVG UWDUVCPVKCNN[ VQ VJG %QOOKUUKQPoU YQTM QP %54 #NNQY OG QPEG CICKP VQ GZRTGUU O[ CRRTGEKCVKQP HQT VJKU RWDNKECVKQP ,QCPPC &TCMG &KTGEVQT 5/'U CPF 'PVTGRTGPGWTUJKR IP

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