Table of Contents Table of Contents
Previous Page  12 / 80 Next Page
Information
Show Menu
Previous Page 12 / 80 Next Page
Page Background

/H PDL

g

TYQZOTXLYNSP

$&78$/,7Š

Š',7(85 +XJR /HYDVVHXU

',5(&7(85 '( 38%/,&$7,21 (7 '(6 9(17(6

0DUWLQ 0RULVVHWWH

$'-2,17(  /$ ',5(&7,21 /\QH %ªUXEª

',5(&7(85 '( /Ɗ,1)250$7,21 )UDQ¨RLV 'URXLQ

-2851$/,67(6

0DULR 3HOOHWLHU UªGDFWHXU HQ FKHI

$QGUªDQQH /H%HO Ƒ 0DUF $QWRLQH 3DTXLQ

+XJXHV $OEHUW Ƒ &DWK\ *DJQRQ Ƒ 0DUF /DURXFKH

&225'211$7(85 '(6 352-(76 63Š&,$8;

3DWULFH 3LFDUG

&255(&7(85 +XJR /HYDVVHXU

&216(,//(56 (1 62/87,216 0Š',$6

5REHUW 'HVMDUGLQV Ƒ *X\ %RXFKDUG Ƒ 0LFKHOLQH &µWª

3DWULFH 3LFDUG Ƒ 0LFKHO &RXUEURQ Ƒ 0DULH (YH 'XEª

/RXLV 0DUWLQ +ªQDXOW

6(&5Š7$5,$7

1DQF\ *RGERXW DGMRLQWH DGPLQLVWUDWLYH UªFHSWLRQQLVWH

0DULH (YH 'XEª VHFUªWDLUH DX[ YHQWHV

38%/,&,7Š 1$7,21$/( 7& 0Š',$

0DULH (YH 'XEª

*5$3+,67(6

0ªODQLH (PRQG FRRUGRQQDWULFH ,QIR 'LPDQFKH

-XOLH $XEXW FRRUGRQQDWULFH LQIRGLPDQFKH FRP

-R $QQLH /DJDFª FRRUGRQQDWULFH DX FRPPHUFLDO

0DJDOL 'XPDV Ƒ 'HQLVH %HDXOLHX Ƒ -XOLH 0LJQHDXOW

9ªURQLTXH 6ªQªFKDO

,035(66,21

7& ,PSULPHULHV 7UDQVFRQWLQHQWDO 7UDQVPDJ

',675,%87,21

'LVWULEXWLRQV ) /HYDVVHXU

-2851$/ +(%'20$'$,5(

38%/,Š /( 0(5&5(', 3$5

/HV ŠGLWLRQV ,QIR 'LPDQFKH ,QF

UXH )UDVHU

5LYL©UH GX /RXS * 5 &

7ªOªSKRQH

7ªOªFRSLHXU

6LWH ZZZ LQIRGLPDQFKH FRP

&RXUULHO LQIRUPDWLRQV

MRXUQDO#LQIRGLPDQFKH FRP

&RXUULHO MRXUQDOLVWHV

MRXUQDOLVWHV#LQIRGLPDQFKH FRP

&RXUULHO DGPLQLVWUDWLRQ

DGPLQLVWUDWLRQ#LQIRGLPDQFKH FRP

/H FRQWHQX GH FH MRXUQDO QH SHXW «WUH UHSURGXLW VDQV OƃDXWRULVDWLRQ H[SUHVVH GH OD GLUHFWLRQ

'Š3•7 /Š*$/

%LEOLRWK©TXH QDWLRQDOH GX &DQDGD

%LEOLRWK©TXH QDWLRQDOH GX 4XªEHF

,661

6RFLªWª FDQDGLHQQH GHV SRVWHV

(QYRLV GH SXEOLFDWLRQV FDQDGLHQQHV

&RQWUDW GH YHQWH QR

$%211(0(17 $118(/

DX &DQDGD W[ LQFOXVHV

DX[ ŠWDWV 8QLV W[ LQFOXVHV

T

I

R

A

G

E

C

E

R

T

I

F

I

É

H

E

B

D

O

S

Q

U

É

B

E

C

I

N

C

.

FRSLHV

'HSXLV TXHOTXHV DQQªHV PDLV VXUWRXW GHSXLV OHV

GHX[ GHUQL©UHV DQQªHV QRXV HQWHQGRQV SDUOHU GHV

VRLQV GH VDQWª GDQV GHV WHUPHV WU©V QªJDWLIV 0DLV

TXƊHQ HVW LO YUDLPHQW" -H VRUV GƊXQ VªMRXU GH WURLV

VHPDLQHV DX &HQWUH KRVSLWDOLHU GH 5LYL©UH GH /RXS

SRXU XQH PDODGLH TXL QƊHVW SDV FRPPXQH OH WRXW

D GªEXWª SDU XQH IRUWH IL©YUH GDQV OD QXLW GX

PDUV GHUQLHU HW D QªFHVVLWª XQH ORQJXH KRVSLWDOLVD

WLRQ -ƊDL ªWª UH¨X ¡ OƊXUJHQFH HQ DYDQW PLGL SXLV

WUDQVIªUª DX FLQTXL©PH ªWDJH HQ VRLUªH &ƊHVW O¡

TXH MƊDL SDVVª XQH TXLQ]DLQH ¡ LQWHUURJHU OHV PªGH

FLQV TXL VH VRQW VXFFªGªV OƊXQ DSU©V OƊDXWUH FKDFXQ

GDQV OHXU VSK©UH GH FRQQDLVVDQFHV ,OV PƊRQW WUDLWª

DYHF SURIHVVLRQQDOLVPH HW GLOLJHQFH HW LOV RQW ªWª

O¡ ¡ WRXV OHV LQVWDQWV 0HUFL SRXU YRWUH HQJDJH

PHQW HW YRWUH GLVSRQLELOLWª

$X FLQTXL©PH XQ ªWDJH Rº LO \ D GHV FDV DVVH]

ORXUGV MƊDL ªWª WUDLWª DYHF UHVSHFW WRXMRXUV DYHF OH

VRXULUH HW GHV SDUROHV GH UªFRQIRUW -ƊªWDLV VHXO

GDQV PD FKDPEUH HW MƊDL SULV XQH YDFDQFH LQWHOOHF

WXHOOH FƊHVW ¡ GLUH SDV GH WªOªYLVLRQ SDV GH UDGLR

SDV GH PªGLDV VRFLDX[ HW SDV GH MRXUQDX[ -ƊDL

UHJDUGª SDVVHU OD YLH FH TXL PƊD SHUPLV GH YRLU HW

GƊDSSUªFLHU WRXW OH WUDYDLO TXH IDLW OH PRQGH GH OD

VDQWª

0HUFL ¡ WRXWH OƊªTXLSH GX FLQTXL©PH TXH FH

VRLW OH SHUVRQQHO ¡ OƊDFFXHLO OHV LQILUPL©UHV OHV SUª

SRVªHV OH SHUVRQQHO GH PDLQWHQDQFH HW DXWUHV

9RXV IDLWHV XQ WUDYDLO H[FHSWLRQQHO HW YRXV OH IDLWHV

GDQV OH UHVSHFW GHV PDODGHV 0RL TXL DYDLV GH OD

IL©YUH MRXU HW QXLW FRPELHQ GH IRLV YRXV DYH] G¼

FKDQJHU PHV GUDSV PHV Y«WHPHQWV HWF (W ¨D OH

MRXU FRPPH OD QXLW HW WRXMRXUV DYHF OD ERQQH

KXPHXU HW OHV HQFRXUDJHPHQWV 0HUFL YRXV

PƊDYH] DSSRUWª EHDXFRXS SOXV TXH GHV VRLQV YRXV

PƊDYH] GRQQª OH JR¼W GH PH EDWWUH HW GH FRQWL

QXHU

3RXU FHX[ HW FHOOHV TXL FULWLTXHQW OH V\VW©PH

YRXV DYH] SHXW «WUH UDLVRQ 1H FUR\H] YRXV SDV

TXH OHV SUREO©PHV GDQV OH UªVHDX GH OD VDQWª QH

VRQW SDV ¡ OƊLQWªULHXU GHV PXUV PDLV GH EHDXFRXS

SOXV KDXW GDQV OD KLªUDUFKLH"

0HUFL OD JDQJ

%(12,7 9,(/

&HV WUDYDLOOHXUV GX UªVHDX GH OD VDQWª GªYRXªV ¡ VRXODJHU OD VRXIIUDQFH

&H QƊHVW SOXV ¡ SURXYHU OD SRSXODWLRQ GH 6DLQW

+XEHUW HW GH VHV HQYLURQV HVW XQH FRPPXQDXWª

WLVVªH VHUUªH TXL VDLW VH UHWURXVVHU OHV PDQFKHV HW

VƊHQWUDLGHU GDQV OHV ERQV FRPPH OHV PRLQV ERQV

PRPHQWV /D JªQªURVLWª GH FHV JHQV HVW LQGªQLD

EOH 4XLFRQTXH GDQV OH EHVRLQ WURXYH GHV £PHV

FKDULWDEOHV HW SOHLQHV GH ERQWª SRXU OƊDLGHU VRX

YHQW DYDQW P«PH GƊDYRLU ¡ OH GHPDQGHU &ƊHVW

LQQª ¡ 6DLQW +XEHUW OHV JHQV RQW OH FďXU VXU OD

PDLQ TXDQG YLHQW OH WHPSV GH VRXWHQLU XQH ERQQH

FDXVH

$XMRXUGƊKXL XQ RUJDQLVPH QRXV GHPDQGDLW GH

OƊDLGH 8Q RUJDQLVPH IDLVDLW DSSHO ¡ QRWUH JªQªUR

VLWª SRXU OXL SHUPHWWUH GH FRQWLQXHU GƊH[LVWHU 'HV

JHQV GªYRXªV WUDYDLOOHQW EªQªYROHPHQW GƊDUUD

FKH SLHG DILQ TXH QRXV D\RQV DFF©V ¡ GHV VHUYLFHV

GH VDQWª FRPSOHWV GDQV QRWUH SHWLW YLOODJH &HV

VHUYLFHV QH FRPSWHQW SDV VHXOHPHQW FHX[ GƊXQ

PªGHFLQ PDLV ªJDOHPHQW GHV LQILUPL©UHV HW SOX

VLHXUV VSªFLDOLVWHV TXL VRQW GLVSRQLEOHV ¡ SUR[L

PLWª HW UDSLGHPHQW

0DOKHXUHXVHPHQW FH VHUYLFH GH SUR[LPLWª TXL

IDLW OƊHQYLH GH QRPEUHXVHV ORFDOLWªV DX 4XªEHF

HVW HQ GDQJHU 6DQV XQH LPSOLFDWLRQ PRQªWDLUH HW

KXPDLQH UDSLGH OD &RRS GH VROLGDULWª VDQWª 6DLQW

+XEHUW VH YHUUD REOLJªH GH FHVVHU VHV DFWLYLWªV

&ƊHVW XQ PDJQLILTXH SURMHW TXƊXQ FRQVHLO GƊDGPL

QLVWUDWLRQ HQJDJª VRXWLHQW ¡ ERXW GH EUDV PDLV O¡

LOV RQW EHVRLQ GH SDLUHV GH EUDV VXSSOªPHQWDLUHV

&H TXL PH GRQQH HVSRLU FƊHVW TXH MH VDLV TXH

OD FRPPXQDXWª GH 6DLQW +XEHUW HVW FDSDEOH GH VH

PRELOLVHU SRXU VDXYHU FHW RUJDQLVPH QRYDWHXU HW

DYDQW JDUGLVWH GDQV VRQ GRPDLQH (W MH OH VDLV FDU

QRXV DYRQV VX SDU OH SDVVª VXUPRQWHU ERQ QRP

EUH GƊªSUHXYHV JU£FH ¡ OD VROLGDULWª HW DX GªYRXH

PHQW GH WRXV 1RXV DYRQV GH TXRL «WUH ILHUV GH FH

TXL QRXV HVW RIIHUW ¡ OD &RRS (Q SOXV GƊRIIULU GHV

VHUYLFHV GH SUR[LPLWª HOOH FUªH GHV HPSORLV

DXWRXU GH QRXV (OOH SHUPHW ¡ GHV WUDYDLOOHXUV

DXWRQRPHV HW ¡ GHV HQWUHSULVHV GƊDXJPHQWHU OHXU

FOLHQW©OH HW GH FUªHU GƊDXWUHV HPSORLV /D &RRS HVW

XQH DFWULFH GDQV OƊªFRQRPLH ORFDOH

&H VHUYLFH SRXU OHTXHO WRXWH OD FRPPXQDXWª

VƊHVW EDWWX LO \ D TXHOTXHV DQQªHV FHOXL O¡ P«PH

SRXU OHTXHO WDQW GH SHUVRQQHV RQW ďXYUª FHOXL

SRXU OHTXHO YRXV DYH] SHXW «WUH YRXV P«PH

PLOLWª QRXV VRPPHV SU©V GH OH SHUGUH ,O HVW

LPSRUWDQW GH FRPSUHQGUH TXH OƊDFF©V ¡ XQ PªGH

FLQ HVW FHUWHV JUDWXLW DX 4XªEHF PDLV OƊªOHFWULFLWª

OH WªOªSKRQH ,QWHUQHW OHV IRXUQLWXUHV PªGLFDOHV

HW OHV VDODLUHV GHV HPSOR\ªV HX[ QH OH VRQW SDV

,OV VRQW FHSHQGDQW HVVHQWLHOV DX ERQ IRQFWLRQQH

PHQW GH OD &RRS /D FRQWULEXWLRQ QH VHUW GRQF SDV

¡ FRXYULU OH VDODLUH GƊXQ PªGHFLQ RX ¡ JDUDQWLU XQ

UHQGH] YRXV DYHF FHOXL FL PDLV HOOH SHUPHW GH

VƊDVVXUHU OD SªUHQQLWª GHV VHUYLFHV RIIHUWV

3RXU WRXWHV FHV UDLVRQV HW SOXV HQFRUH MH YRXV

HQFRXUDJH IRUWHPHQW ¡ DOOHU SD\HU OH SOXV UDSLGH

PHQW SRVVLEOH YRWUH FRQWULEXWLRQ ¡ OD &RRS VDQV

TXRL HOOH ULVTXH GH IHUPHU VHV SRUWHV HW SHXW «WUH

SOXV UDSLGHPHQW TXH OƊRQ SXLVVH OH SHQVHU

&$7+(5,1( 6,52,6

0(0%5( 87,/,6$75,&( '( /$ &223 '(

62/,'$5,7Š 6$17Š '( 6$,17 +8%(57

'HV VHUYLFHV GH VDQWª FRPSOHWV GDQV QRWUH SHWLW YLOODJH

$X WHUPH GH OƊH[HUFLFH ILQDQFLHU GH

OHV

PHPEUHV GH OD &DLVVH SRSXODLUH 'HVMDUGLQV GH

5LYL©UH GX /RXS VH SDUWDJHURQW GHV ULVWRXUQHV

LQGLYLGXHOOHV GH

&HOOHV FL VHURQW YHU

VªHV DX[ PHPEUHV OH PDL

/D &DLVVH WHQDLW VRQ DVVHPEOªH JªQªUDOH

DQQXHOOH OH DYULO GHUQLHU HQ SUªVHQFH GH TXHO

TXH PHPEUHV )RUWH GƊXQ YROXPH GƊDIIDLUHV

VRXV JHVWLRQ GH PLOOLDUG OD &DLVVH D YX VRQ

DFWLI FUR¯WUH GH HQ VƊªWDEOLVVDQW ¡

0 /ƊDYRLU GH OD FRRSªUDWLYH DWWHLJQDLW

0 HQ KDXVVH GH

HW OHV H[FªGHQWV

GƊH[SORLWDWLRQ 0 XQH DXJPHQWDWLRQ GH

/D &DLVVH D ªJDOHPHQW FRQWULEXª DX PLHX[

«WUH GH VD FROOHFWLYLWª JU£FH ¡ GHV ULVWRXUQHV

FROOHFWLYHV YHUVªHV VRXV IRUPH GH GRQV GH

FRPPDQGLWHV HW GH ERXUVHV (Q

FH VRQW

TXL RQW DLQVL ªWª GLVWULEXªV GDQV /$

FROOHFWLYLWª GRQW

SURYHQDLHQW GX

)RQGV GƊDLGH DX GªYHORSSHPHQW GX PLOLHX

&HWWH DQQªH OH YROHW GHV ERXUVHV MHXQHVVH D

ªWª HQWL©UHPHQW UHYX DORUV TXH OHV MHXQHV PHP

EUHV GH OD &DLVVH £JªV GH ¡ DQV ªWDLHQW

LQYLWªV ¡ SRVHU OHXU FDQGLGDWXUH SRXU OƊXQH GHV

ERXUVHV RIIHUWHV GDQV OHV YROHWV DFDGªPLTXH

VSRUWLI HW FXOWXUHO 3OXV GH FDQGLGDWXUHV RQW

ªWª UH¨XHV SRXU OHV ERXUVHV RIIHUWHV SRXU GHV

UHPLVHV WRWDOHV GH

8Q FHUWLILFDW HW XQH ERXUVH GH

GH OD

)RQGDWLRQ 'HVMDUGLQV RQW DXVVL ªWª DWWULEXªV ¡

-HDQ 9DULQ SRXU VRQ HQJDJHPHQW EªQªYROH &H

GHUQLHU TXL GHYDLW GLULJHU FHWWH ERXUVH YHUV XQ

RUJDQLVPH GH VRQ FKRL[ D RSWª SRXU OH

&DUUHIRXU GƊLQLWLDWLYHV SRSXODLUHV

/D &DLVVH D SURILWª GH OƊDVVHPEOªH JªQªUDOH

SRXU UHPHWWUH OH SUHPLHU GH GL[ YHUVHPHQWV GH

¡ ŠGLWK 6DPVRQ SUªVLGHQWH GH OD

&RPPLVVLRQ VFRODLUH GH .DPRXUDVND 5LYL©UH

GX /RXS SRXU OH SDUWHQDULDW FRQFOX GDQV OH

FDGUH GX 6WDGH 3UHPLHU 7HFK

8Q SRLQW GƊLQIRUPDWLRQ D SHUPLV GH IDLUH OH

VXLYL DX[ FKDQJHPHQWV DSSRUWªV DX UªVHDX GH

GLVWULEXWLRQ GH OD &DLVVH HQ HW GH SUªVHQWHU

OHV DFWLRQV FRQFU©WHV PLVHV GH OƊDYDQW SRXU

DFFRPSDJQHU OHV PHPEUHV 'ƊDXWUH SDUW /RXLVH

%HUJHURQ GLUHFWULFH JªQªUDOH GH OD &DLVVH D

SURILWª GX PRPHQW SRXU LQIRUPHU OHV PHPEUHV

GƊXQ FKDQJHPHQW SURFKDLQ DX JXLFKHW DXWRPD

WLVª GX FHQWUH FRPPHUFLDO 3XLVTXH OH PDJDVLQ

6XSHU & TXL ORJH DFWXHOOHPHQW OH JXLFKHW GH OD

&DLVVH QH SRXUUD PDLQWHQLU XQ HVSDFH SRXU

FHOXL FL ORUV GH VRQ GªPªQDJHPHQW SURFKDLQ

OHV GLULJHDQWV RQW HX ¡ SUHQGUH GHV PHVXUHV

UDSLGHPHQW &RPSWH WHQX GX IDLW TXH OD SOXSDUW

GHV WUDQVDFWLRQV VRQW HIIHFWXªHV SDU GHV QRQ

PHPEUHV HW FRQVLGªUDQW TXH OH QRPEUH GH

WUDQVDFWLRQV HVW HQ GªFURLVVDQFH OHV GLULJHDQWV

RQW FKRLVL GH GªSODFHU OH JXLFKHW YHUV OH VL©JH

VRFLDO GH OD &DLVVH &HV PRGLILFDWLRQV VHURQW

DSSRUWªHV IRUW SUREDEOHPHQW DX FRXUV GX PRLV

GH MXLQ

3RXU OH SUªVLGHQW GH OD &DLVVH &KULVWLDQ

3HOOHWLHU OƊDVVHPEOªH JªQªUDOH HVW OH PRPHQW

WRXW GªVLJQª SRXU LQIRUPHU OHV PHPEUHV VXU OHV

UªDOLVDWLRQV ILQDQFL©UHV HW OƊHQJDJHPHQW VRFLDO

GH OD FRRSªUDWLYH HW OƊDQQªH

VƊHVW DYªUªH

IUXFWXHXVH VXU FHV GHX[ SODQV $X WHUPH GHV

ªOHFWLRQV GH QRXYHDX[ GLULJHDQWV RQW ªWª ªOXV

$QGUªDQQH 0RUHDX SRXU OH FRQVHLO GƊDGPLQLV

WUDWLRQ 6HUJH &DVWRQJXD\ HW )UDQ¨RLV 0LFKDXG

SRXU OH FRQVHLO GH VXUYHLOODQFH /RXLVH

%HUJHURQ GLUHFWULFH JªQªUDOH D VRXOLJQª OH

GªSDUW GHV GLULJHDQWV VRUWDQWV -HDQ 3LHUUH

0DOHQIDQW 6ªEDVWLHQ /HSDJH HW %HUWUDQG

)RUWLQ

/D &DLVVH GH 5LYL©UH GX /RXS ULVWRXUQH

¡ VHV PHPEUHV

23,1,21 '8 /(&7(85

1 ' / 5 /D GLUHFWLRQ VH UªVHUYH OH GURLW GƊDEUªJHU FHUWDLQHV OHWWUHV /ƊRSLQLRQ GHV OHFWHXUV H[SULPªH GDQV FHWWH SDJH QƊHQJDJH TXH OHXU DXWHXU HW QH UHIO©WH GƊDXFXQH ID¨RQ OD SRVLWLRQ GX MRXUQDO