3UHGJRYRU



'LJLWDOQL XGEHQLN (NVSORDWDFLMD DUKLWHNWRQVNRJUD HYQRJ NDPHQD
QDPLMHQMHQMHSULMHVYHJDVWXGHQWLPD5*1IDNXOWHWDX=DJUHEX]DHGXNDFLMXL]GLMHOD
NROHJLMD (NVSORDWDFLMD L REUDGD DUKLWHNWRQVNRJUD HYQRJ NDPHQD 0H XWLP
XGEHQLNVHXYHOLNRPGLMHOXWHPHOMLQDNRQNUHWQLPSUDNWLQLPSULPMHULPDLEURMQLP
SRGDFLPD GRELYHQLP L] SUDNVH SD ]ERJ WRJD PRH ELWL NRULVWDQ L LQHQMHULPD
WHKQLDULPD L RVWDOLP RVREDPD ]DLQWHUHVLUDQLP ]D HNVSORDWDFLMX DUKLWHNWRQVNR
JUD HYQRJNDPHQD

=DGDWDN PX MH VWXGHQWD VXWUDQMHJ UXGDUVNRJ LQHQMHUD XSR]QDWL V RYRP
PLQHUDOQRPVLURYLQRPUD]QLPQDLQLPDLPRJXQRVWLPDGRELYDQMDWHVLURYLQHNDRL
RSUHPRPNRMDVHSULWRPNRULVWL

3ULND]L NRQNUHWQLK VWURMHYD X XGEHQLNX V QD]LYLPD PRGHOD L WYUWNL
SURL]YR DD QLVX GDQL ]DWR WR EL LK VWXGHQW WUHEDR XLWL L ]QDWL D QHPDMX QL
SURPLGEHQLNDUDNWHUYHVOXHGDELVHQDQMLPDODNHREMDVQLOLHOHPHQWLLSULQFLSL
QDNRMLPDVH]DVQLYDUDGLNRQVWUXNFLMDWDNYLKLVOLQLKVWURMHYDMHURQLRVWDMXLVWLLOL
VH YHRPD VSRUR VXWLQVNL PLMHQMDMX .RPHUFLMDOQH RGQRVQR LQGXVWULMVNH L]YHGEH WLK
VWURMHYDPLMHQMDMXVHWDNRUHLVYDNRGQHYQR,RQDNRHNDGGR XXSUDNVXQHNROLNR
JRGLQD QDNRQ WR VX LWDOL RYDM XGEHQLN VWXGHQWL  PODGL LQHQMHUL ]DWHL QRYH
PRGHOHVWURMHYDLQRYDLPHQDXRSH

8 XGEHQLNX VH NRULVWH QHNL WHUPLQL L L]UD]L SUHWHQR URPDQVNRJ NRULMHQD
NRML VX VH XYULMHLOL X NDPHQDUVNX WHUPLQRORJLMX L NRML VX ELOL L RVWDOL ]QDNRYLWL L
SUHSR]QDWOMLYL]DWXGMHODWQRVW


8GEHQLN MH L]UD HQXRNYLUX SURMHNWDSULPMHQH ,7 'LJLWDOQLXGEHQLN
(NVSORDWDFLMD DUKLWHNWRQVNRJUD HYQRJ NDPHQD LIUD SURMHNWD 
ILQDQFLUDQRJ RG 0LQLVWDUVWYD ]QDQVWLL WHKQRORJLMH 6XNODGQR 8JRYRUXEU 
VNORSOMHQRPL]PH X0LQLVWDUVWYD]QDQRVWLLWHKQRORJLMHL5XGDUVNR
JHRORNRQDIWQRJIDNXOWHWD0LQLVWDUVWYRVWMHHSUDYRYODVQLWYDQDGUH]XOWDWLPD
SURMHNWDDREYH]QRLKMHVWDYLWLQDMDYQXXSRUDEXEH]QDNQDGH


=DJUHEVLMHDQM