1RWDTXDQGRQRQF¶qVHJQDOHGL
WUDVPLVVLRQHOD79VLVSRVWDLQPRGDOLWj
VWDQGE\GRSRFLQTXHPLQXWL
1RWDOD79SXzIXQ]LRQDUHFRQLWDVWLGHOOD
79QHOFDVRLOWHOHFRPDQGRVLDJXDVWRROH
EDWWHULHHVDXULWH
3HUDFFHQGHUHODWHOHYLVLRQH
SUHPHUHTXDOXQTXHWDVWRQXPHULFR
RLOWDVWR67$1'%<35R
35VXOWHOHFRPDQGR3HUTXHVWD
RSHUD]LRQHVLSRVVRQRDQFKH
XVDUHLWDVWLVXOOD79/¶LPPDJLQH
YLHQHYLVXDOL]]DWDVXOORVFKHUPR
GRSRXQSRFR
1RWD6HQRQVLXVHUjODWHOHYLVLRQH
SHUPROWRWHPSRVFROOHJDUHLOFDYRGL
DOLPHQWD]LRQHGDOODSUHVD
3ULPDDFFHQVLRQHGHOO¶DSSDUHFFKLR
HFDUDWWHULVWLFKHGHOOHLPSRVWD]LRQL
3HULPSRVWDUHODWHOHYLVLRQHOHJJHUHOH
VH]LRQLUHODWLYHDLFRPDQGLHDOOHSUHVWD]LRQL
79VXOOHLPSRVWD]LRQL
%DWWHULH
$SULUHLOFRSHUFKLRGHOFRPSDUWREDWWHULDH
DVVLFXUDUVLGLDYHUPHVVROHEDWWHULHQHOOD
GLUH]LRQHFRUUHWWD/HEDWWHULHDGDWWHSHU
TXHVWRWHOHFRPDQGRVRQRGHOWLSR80
,(&5R$$$9
1RQJHWWDUHQHOIXRFROHEDWWHULHXVDWH
VPDOWLUOHLQXQ¶DUHDGLVPDOWLPHQWRDSSRVLWD
1RQPHWWHUHDVVLHPHEDWWHULHXVDWHHQXRYH
QpPHVFRODUHWLSLGLYHUVLGLEDWWHULH
/DSUHVWD]LRQHGHOWHOHFRPDQGRSHJJLRUDDG
XQDGLVWDQ]DGLROWUHPHWULRDGXQDQJROR
GLJUDGLGDOFHQWURGHOOD79
$YYLR
5LPXRYHUHLOWHOHYLVRUHGDOODVFDWRODIDFHQGR
DWWHQ]LRQH/¶LPEDOORGHOODWHOHYLVLRQHSXz
HVVHUHFRQVHUYDWRSHUXVLIXWXUL
&RQWHQXWRGHOODFRQIH]LRQH
&DYRGLDOLPHQWD]LRQH
7HOHFRPDQGR
EDWWHULH
1RWDLFDYL6FDUW+'0,9*$H5&$
QRQVRQRLQGRWD]LRQH
&ROOHJDPHQWRDQWHQQD
6HVLXVDXQFDYRFRDVVLDOHFDYRURWRQGRGL
2KPVFRPHFDYRSHUO¶DQWHQQDFROOHJDUH
ORVSLQRWWRGHOO¶DQWHQQDGLUHWWDPHQWHDO
UHODWLYRLQJUHVVRVLWXDWRVXOOD79
,YHLFROLDPRWRUHOHOLQHHGLDOLPHQWD]LRQH
HWHOHFRPXQLFD]LRQHKDQQRLQIOXHQ]D
VXOO¶DQWHQQD)DUHTXLQGLDWWHQ]LRQHDG
LQVWDOODUHO¶DQWHQQDORQWDQRGDTXHVWLH
GDVXSHUILFLPHWDOOLFKHLQPRGRFKHQRQ
RQGHJJL,OFDYRGHOO¶DQWHQQDQRQGHYH
HVVHUHSLOXQJRGHOQHFHVVDULRHQRQ
DUURWRODUOR$VVLFXUDUVLFKHQRQVLEORFFKL
SDVVDQGRDWWUDYHUVRXQDILQHVWUDRXQD
SRUWD/¶DQWHQQDHLOFDYRSRVVRQRHVVHUH
QHOWHPSRLQIOXHQ]DWLGDIHQRPHQLQDWXUDOL
FRPHSLRJJLDYHQWRIXPRHXPLGLWj
9HULILFDUHSHULRGLFDPHQWHDQWHQQDH
DSSDUHFFKLR
$FFHQVLRQH
GHOO¶DSSDUHFFKLRHSULPR
XWLOL]]R
,QVHULUHLOFDYRGLDOLPHQWD]LRQH
QHOO¶LQJUHVVRGLDOLPHQWD]LRQHVLWXDWRVXO
SDQQHOORSRVWHULRUHGHOOD79/&'
,QVHULUHQHOODSUHVDGLUHWHORVSLQRWWR
GHOFDYRGLDOLPHQWD]LRQHLQGRWD]LRQHFRQ
O¶DSSDUHFFKLR