Loading ...
Loading ...
Loading ...
3RXUDFWLYHUOpODUJLVVHPHQWGRXEOHGHOD]RQHGHFXLVVRQOD]RQH
SULQFLSDOHDVVRFLpH GRLWGpMjrWUHDOOXPpH jXQQLYHDX GHFKDXIIH
VXSpULHXUj©ª
$OOXPDJHGHOD]RQHGRXEOHGHFXLVVRQ
$SSX\H] EULqYHPHQW VXU OD WRXFKH GpODUJLVVHPHQW TXL DFWLYHUD
OpODUJLVVHPHQW GX IR\HU GH FXLVVRQ /H /(' GH OD WRXFKH
GpODUJLVVHPHQWDIILFKH21VLOpODUJLVVHPHQWGXIR\HUGHFXLVVRQHVW
DFWLYp
$SSX\H]XQHGHX[LqPHIRLVEULqYHPHQWVXUODOD WRXFKH
GpODUJLVVHPHQWTXLpWHLQWOpODUJLVVHPHQWGXIR\HUGHFXLVVRQ8QELS
UHWHQWLWFKDTXHIRLVTXHYRXVDSSX\H]VXUODWRXFKHGpODUJLVVHPHQW
$OOXPDJHGHOD]RQHWULSOHGHFXLVVRQ
$SSX\H]EULqYHPHQWVXUODWRXFKHGpODUJLVVHPHQWTXLDOOXPHUDOHHU
pODUJLVVHPHQW GX IR\HU GH FXLVVRQ /XQ GHV /(' GH OD WRXFKH
GpODUJLVVHPHQW DIILFKH 21 VL OH HU pODUJLVVHPHQW GX IR\HU GH
FXLVVRQHVWDFWLYp/('F{WpJDXFKHSRXUXQIR\HUWULSOHGHFXLVVRQ
/('GXPLOLHXOHVHXOH[LVWDQWSRXUXQIR\HUGRXEOHGHFXLVVRQ
$SSX\H]XQHGHX[LqPHIRLVEULqYHPHQWVXUODWRXFKHGpODUJLVVHPHQW
TXLDFWLYHOHGHX[LqPHpODUJLVVHPHQWGXIR\HUGHFXLVVRQ'HX[/('
GHODWRXFKHGpODUJLVVHPHQWGXIR\HUVDOOXPHQWVLOHHUHWOHq
pODUJLVVHPHQWGXIR\HUGHFXLVVRQVRQWDOOXPpV
$SSX\H]XQHWURLVLqPHIRLVEULqYHPHQWVXUODWRXFKHGpODUJLVVHPHQW
TXLpWHLQWOHHUHWOHqpODUJLVVHPHQWGXIR\HUGHFXLVVRQ
8Q ELS UHWHQWLW FKDTXH IRLV TXH YRXV DSSX\H] VXU OD WRXFKH
GpODUJLVVHPHQW
'RXEOHU7ULSOHUOD]RQHGHFXLVVRQ
)RQFWLRQGHSRQW
/DIRQFWLRQGHSRQWQHSHXWrWUHDFWLYpHTXHORUVTXHOHVGHX[IR\HUV
VRQWpWHLQWV/XQGHVIR\HUVGXSRQWDpWpVpOHFWLRQQpSRXUDFWLYHUOD
IRQFWLRQGHSRQWDSSX\H]VXUODWRXFKHSRQW
8QELSUHWHQWLWHWOH/('GHOD]RQHVDOOXPHVLOD]RQHGHFRPPDQGH
HVWDFWLYpH
/HVGHX[IR\HUVGXSRQWVRQWDFWLYpVHQPrPHWHPSV
8QH IRLVTXH OHV GHX[ IR\HUVVRQW DFWLYpV YRXV SRXYH]UpJOHU OH
QLYHDXGHFKDXIIHHQDSSX\DQWVXUOHVWRXFKHV©ªHW©ª
/HVGHX[IR\HUVGXSRQWDIILFKHOHPrPHQLYHDXGHFKDXIIH$UUrWGHOD
IRQFWLRQ
HQ DSSX\DQW VXU OD WRXFKH IRQFWLRQ GH SRQW HQ PRGH GH
SDUDPpWUDJH
 6LOXWLOLVDWHXUUqJOHOHQLYHDXGHFKDXIIHVXU©ª
6pFXULWpGpERUGHPHQW
8QREMHWRXXQOLTXLGHIDLWSUHVVLRQVXUXQHRXSOXVLHXUVWRXFKHV
SHQGDQWSOXVGHVELSVUHWHQWLVVHQWVXLYLVGXQORQJELSWRXWHVOHV
VDXVVLORQJWHPSVTXHODRXOHVWRXFKHVVXELVVHQWWHOOHSUHVVLRQ
/DWDEOH GHFXLVVRQVpWHLQW &HV\PEROHFOLJQRWH WDQWTXHFH
SUREOqPHSHUVLVWH
7HPSRULVDWHXU
/DIRQFWLRQGHWHPSRULVDWLRQHVWDFWLYpHHQDSSX\DQWVXUODWRXFKH
FRUUHVSRQGDQWHRXHQDSSX\DQWHQPrPHWHPSVVXUOHVWRXFKHV©ª
HW©ª
'DQVOHVGHX[FDVLOIDXWTXXQIR\HUDLWpWpVpOHFWLRQQpjXQQLYHDXGH
FKDXIIHVXSpULHXUj©ª
'HX[RSWLRQVSRVVLEOHV
&KRLVLVVH]OD]RQHTXHYRXVYRXOH]WHPSRULVHU/HQLYHDXGHFKDXIIH
GRLW rWUHVXSpULHXU j©  ª/H V\PEROH VWDWLTXHVDIILFKH HQ
FRUUHVSRQGDQFHGHOD]RQHFKRLVLHSRXUODWHPSRULVDWLRQ/HVFKLIIUHV
©ªVDIILFKHQWHQFRUUHVSRQGDQFHGHODIRQFWLRQGHWHPSRULVDWLRQ
 $SSX\H]VXUOHVWRXFKHV©ªRX©ªSRXUFKRLVLUODGXUpHGH
WHPSRULVDWLRQ $XFXQ ELS QH UHWHQWLW ORUVTXH YRXV FKDQJH] FHWWH
GXUpH
 (QDSSX\DQWVLPXOWDQpPHQWVXUOHVWRXFKHV©ªHW©ªOD
WHPSRULVDWLRQHVWDQQXOpHHOOHDIILFKH
 (Q DSSX\DQWVXUOHVWRXFKHV ©ªHW ©ªGXWHPSRULVDWHXU
SHQGDQWXQFHUWDLQWHPSVYRXVHIIHFWXH]XQUpJODJHUDSLGH
 3RXUUpJOHUOHWHPSRULVDWHXUODWRXFKH©ªSHUPHWGDOOHUGH©
ªj©ªHWODWRXFKH©ªGH©ªj©ª
 'XUpHPD[LPXPPLQXWHV
 8QH IRLV FH WHPSV pFRXOp OD WDEOH GH FXLVVRQ FRPPHQFH j
VRQQHU  DSSX\H] VXU QLPSRUWH TXHOOH WRXFKH SRXU IDLUH FHVVHU
ODODUPH
 ,OHVWSRVVLEOHGHPRGLILHUODYDOHXUGXWHPSRULVDWHXUDORUVPrPH
TXLOHVWGpMjHQIRQFWLRQ
 /HQLYHDXGHFKDXIIHGHV]RQHVWHPSRULVpHVSHXWrWUHPRGLILp
VDQVFRQVpTXHQFHVSRXUOHUpJODJHGXWHPSRULVDWHXU
 /D GHUQLqUH PLQXWH VDIILFKHUD HQ VHFRQGHV VXU FHUWDLQHV
YHUVLRQVYLVLEOHXQLTXHPHQWVLYRXVHQWUH]GDQVODSURJUDPPDWLRQGX
WHPSRULVDWHXUSHQGDQWODGHUQLqUHPLQXWHGXFRPSWHjUHERXUV
 6L YRXV DSSX\H] VXU OD WRXFKH GH WHPSRULVDWLRQ VDQV DYRLU
VpOHFWLRQQpGH]RQHHWTXDQGDXFXQH]RQHQHVWWHPSRULVpHFHODQD
SDVGHVXLWH
 6L YRXV DSSX\H] VXU OD WRXFKH GH WHPSRULVDWLRQ VDQV DYRLU
VpOHFWLRQQpGH]RQHHWTXDQGSOXVLHXUV]RQHVVRQWWHPSRULVpHVOD
GXUpHLQGLTXpHFKDQJHGDQVOHVHQVGHVDLJXLOOHVGXQHPRQWUHHW
LQGLTXHODGXUpHGHODIILFKDJHGRQWOHSRLQWGHVGpFLPDOHVHVWDFWLYp
 6LQRQ HQWUH]  V HW  V VDIILFKH GDQV OD ]RQH GH
WHPSRULVDWLRQ
/HFRPSWH jUHERXUV VDIILFKHGDQV OHVHVSDFHV GDIILFKDJHGH OD
WHPSRULVDWLRQ6LSOXVLHXUV]RQHVVRQWWHPSRULVpHVFHVWODYDOHXUOD
SOXV SHWLWH GX FRPSWH j UHERXUV TXL VDIILFKH HW OHV GpFLPDOHV
VDIILFKHQWHQFRUUHVSRQGDQFHGHOD]RQHFRQFHUQpH
,QGLFDWHXUGHFKDOHXUUpVLGXHOOH
SRXUOHVIR\HUVjUD\RQQHPHQW!FDOFXOp
'HPrPHRQSHXWXWLOLVHUOHVPrPHVLQGLFDWHXUVSRXUPRQWUHUOD©
FKDOHXUUpVLGXHOOHª8QWDEOHDXGHVGXUpHVHVWGpILQLGDQVFHEXW
'XUpH GH FKDOHXU UpVLGXHOOH I QLYHDX GH FKDXIIH GXUpH GH
IRQFWLRQQHPHQW
4XDQGODWHPSpUDWXUHVXUOHSODQGHFXLVVRQYLWURFpUDPLTXHHVWpJDOH
jHQYLURQ&YDOHXUWKpRULTXHFHWWHFRQGLWLRQHVWLQGLTXpHSDUXQ
©+ªVDIILFKDQWHQFRUUHVSRQGDQFHGXIR\HUFRQFHUQp
3RXU JpQpUHU XQH WHPSpUDWXUH VXSpULHXUH j  & WHO IR\HU GRLW
IRQFWLRQQHUGHSXLVXQFHUWDLQWHPSVHWFHWWHGXUpHGpSHQGGXQLYHDX
GH FKDXIIH 8QH IRLV FH WHPSV pFRXOp ODYHUWLVVHPHQW GH FKDOHXU
UpVLGXHOOHVDIILFKHDXPRPHQWROHIR\HUHVWpWHLQW
$UUrWDXWRPDWLTXH
6LOHQLYHDXGHFKDXIIHQHFKDQJHSDVSHQGDQWXQFHUWDLQWHPSV
SUpGpWHUPLQpLO\DDUUrWDXWRPDWLTXHGXIR\HUFRUUHVSRQGDQW
/DGXUpHPD[LPDOHGHIRQFWLRQQHPHQWGXQIR\HUGpSHQGGXQLYHDX
GHFKDXIIHUpJOp
1LYHDXGH
FKDXIIH
'XUpHPD[
KHXUHV
3

5(0$548(VLO\DULVTXHGHVXUFKDXIIHGjODFWLYDWLRQGX
QLYHDX GH FKDXIIH PD[LPXP OD WDEOH GH FXLVVRQ UqJOH
DXWRPDWLTXHPHQWVRQQLYHDXGHFKDXIIHSRXUVHSURWpJHU
1(772<$*((7(175(7,(1
 $YDQW WRXWH RSpUDWLRQ GHQWUHWLHQ ODLVVH] UHIURLGLU OD WDEOH GH
FXLVVRQ
 8WLOLVH] XQLTXHPHQW GHV SURGXLWV FUqPHV HW UDFOHXUV
VSpFLILTXHPHQW FRQoXV SRXU OHV VXUIDFHV YLWURFpUDPLTXHV ,OV
VDFKqWHQWGDQVOHFRPPHUFH
eYLWH]OHVGpERUGHPHQWVFDUWRXWHVXEVWDQFHVHUHQYHUVDQWVXUOD
WDEOHGHFXLVVRQEUOHUDSLGHPHQWHWUHQGUDOHQHWWR\DJHSOXVGLIILFLOH
1RXVUHFRPPDQGRQVGpYLWHUGXWLOLVHUGHVVXEVWDQFHVULVTXDQWGH
IRQGUHSODVWLTXHVXFUHSURGXLWVjEDVHGHVXFUHjSUR[LPLWpGHOD
WDEOHGHFXLVVRQ
(175(7,(1
 9HUVH]TXHOTXHVJRXWWHVGXQGpWHUJHQWVSpFLILTXHVXUODWDEOHGH
FXLVVRQ
 )URWWH]OHVWDFKHVWHQDFHVjODLGHGXQFKLIIRQGRX[RXGHSDSLHU
DEVRUEDQWOpJqUHPHQWKXPLGH
 (VVX\H]DYHFXQFKLIIRQGRX[RXGXSDSLHUDEVRUEDQWVHFMXVTXj
FHTXHODVXUIDFHVRLWSURSUH
6LGHVWDFKHVVXEVLVWHQW
9HUVH] TXHOTXHV JRXWWHV VXSSOpPHQWDLUHV GH GpWHUJHQW
VSpFLILTXHVXUODWDEOHGHFXLVVRQ
 *UDWWH]jODLGHGXQUDFOHXUHQOHWHQDQWjXQDQJOHGHSDU
UDSSRUWjODWDEOHGHFXLVVRQMXVTXjGLVSDULWLRQGHODWDFKH
 (VVX\H]DYHFXQFKLIIRQGRX[RXGXSDSLHUDEVRUEDQWVHFMXVTXj
FHTXHODVXUIDFHVRLWSURSUH
 5HFRPPHQFH]VLQpFHVVDLUH
)5
Loading ...
Loading ...
Loading ...