Professional Documents
Culture Documents
V
9,6
$6
3 2 57 (
6DOLGDV
3$6$
7 8 ) (
(; 3/25$
6DOLGDV
9,6$6
(QWUDGDV
6DOLGDV
9,6$6
(QWUDGDV
/HFFLyQ
1R(QFDUHV
7H[WR3HUR\ROHVGLJR1RUHVLVWDQDOTXHOHV
KDJDPDO6LDOJXLHQWHGDXQDERIHWDGDHQOD
PHMLOODGHUHFKDYXpOYHOHWDPELpQODRWUD
$ 6 / 1 5 $ ' 6 ' ( /
3 , ' $ 1 ( 5 $ / , 6
(QFXHQWUD
5 ( 6 0 6 8 3 9 3 6 (
ODV
/ 6 9 ' 1 9 ' / 0 3 1 SDODEUDV
J D F LyQ 5(6,67$1
L 1 $ ' / $ 3 6 ( 5 1 $
D L Q YHVW WULEXV +$*$
XQ DV
+D] RJOHGHO RFDOLGDG
$ 1 5 ( 3 1 ' 8 ( 8 6 0$/
R O 12
HQ* DVGHWX ' 8 $ ' $ 2 $ 9 6 9 '
7(
HQ
LQGtJ 6 0 1 9 8 9 ' $ , 6 0 3,'$
9 ' $ / ( $ 3 ( 6 5 9 '$/(
98(/9$6
2 ( 9 / 6 , 6 5 7 / 1 /$
8QHODVIUDFHVGHODL]TXLHUGDFRQODVGHOD
1 1 6 , 3 8 ' + $ * $ (63$/'$
GHUHFKDGHODXQLGDGSDVDGD
/ 5 7 ( $ 0 6 ( 1 5 1
5(3$62 1 6 $ 5 1 9 / , 6 $ 1
3REUHVHQ 6DFLDGRV
(VStULWX
/RVTXH &RPSDVLyQ
/ORUDQ 9HUVR1XQFDGLJDV0HYHQJDUp
GHHVHGDxR&RQDHQHO6HxRU\
+XPLOGHV 3HUWHQHFH pODFWXDUiSRUWL
HO5HLQR 3URYHUELRV
+DPEUH\ &RQVRODGRV
VHGGH-XVWLFLD
&RPSDVLYRV
3HUVHJXLGRV
+HUHQFLD
9HUiQD'LRV
(&8$'25
0DWHULDO([SORUDWX)H$SUHQGLHQGRORVEDVLFRV
GHQXHVWUDIH&ULVWLDQRSRUPHGLRGH(O6HUPRQGHO0RQWH
SRU-XVWLFLD \HOOLEURGHORV3URYHUELRV
0DWHULDO([SORUDWX)H$SUHQGLHQGRORVEDVLFRVGHQXHVWUDIH&ULVWLDQRSRU
0<$10$5%850$
/HFFLyQ
PHGLRGH(O6HUPRQGHO0RQWH\HOOLEURGHORV3URYHUELRV
$PDDWXV(QHPLJRV
7H[WR6LXVWHGHVDPDQVRODPHQWHDTXLHQHVORVDPDQ
TXpUHFRPSHQVDUHFLELUiQ"$FDVRQRKDFHQHVRKDVWDORV
UHFDXGDGRUHVGHLPSXHVWRV"
7$5($
/HHU3URY
(QFXHQWUDORVRSXHVWRVHQWUHODV
FROXPQDVGHLPiJHQHV\~QHODV
(VFULEHODVOHWUDVHQHOQ~PHURGHDEDMRKDVWD FRQXQDOtQHD
FRPSOHWDUODIUDVH
TXH UHFRP
GH
6Hx
$FW
\ (03,(=$
FRQ
D
YH
U
J
G HQFH
XF DVt
WD
GR
KDUiV
XDQ
RU
VX H
V
OR WH
Q
VDUi SH
HO
7(50,1$
$&78$1'2$6,+$5648(6($9(5*8(1&(
'(68&21'8&7$<(/6(f257(/25(&203(16$5
9HUVR6LWXHQHPLJRWLHQH
KDPEUHGDOHGHFRPHUVL
WLHQHVHGGDOHGHEHEHU
$FWXDQGRDVtKDUiVTXH
VHDYHUJXHQFHGHVX
,QYHVWLJDODELRJUDItDGH
FRQGXFWD\HO6HxRUWHOR $GRQLUDP-XGVRQHQ
UHFRPSHQVDUi *RRJOHSDUDWHQHUPiV
3URYHUELRV LQIRUPDFLyQGHpO
/HFFLyQ
(O'DU
7H[WR3RUHVRFXDQGRGHVDORVQHFHVLWDGRVQR
ORDQXQFLHVDOVRQGHWURPSHWDFRPRORKDFHQORV
KLSyFULWDVHQODVVLQDJRJDV\HQODVFDOOHVSDUD
TXHODJHQWHOHVULQGDKRPHQDMH/HVDVHJXURTXH
HOORV\DKDQUHFLELGRWRGDVXUHFRPSHQVD
%XVFDHQZLNLSHGLD 9HUVR(OTXHD\XGDDOSREUHQR
ODSDODEUD+DPEUH FRQRFHUiODSREUH]DHOTXHQLHJDVX
HLQYHVWLJDFXiQWDV D\XGDVHUiPDOGHFLGR
3URYHUELRV
SHUVRQDVVXIUHQGH
KDPEUHHQHOPXQGR
DFWXDOPHQWH (PSLH]DHQODHFKD\HVFULEH
$/0,$6/1
*8 '8 XQOHWUDVt\RWUDQRKDVWD
(,
,6 ( HQFRQWUDUODUHVSXHVWD
(
(OTXH
0
61
&
',
,$
BBBBBDOSREUH
6'
8 &8,'$5
%65,(0=
& 7 *
12
QRBBBBBBBBOD
(2
+$&(5
, 1 ( / %8(1$6
2%5$6
BBBBBBBHOTXHOH
2 ' $ '(/$17( $
6
BBBBBVXD\XGDVHUi
3<'
(
*(17(
82
,'
(
2
$
( 8
5 3&
$ /HHU3UR
6LJXHODVOtQHDVSDUDPRYHUGHXQD ,(4
,2=
1(26&
OHWUDDODRWUDSDUDGHOHWUHDUODV
SDODEUDVGHODOHFFLyQ6HSXHGH
PRYHUHQFXDOTXLHUGLUHFLyQ
$ '
HGLRGH(O6HUPRQGHO0RQWH\HOOLEURGHORV3
6 5 3
0DWHULDO ([SORUD WX )H $SUHQGLHQGR ORV EDVLFRV GH QXHVWUD IH &ULVWLDQR SRU P
1 ( & 0
7 , 6 2
'$5
$ 2 1(&(6,7$'26
6(&5(72
3$'5(
' 7(
5(&203(16$ ,1*/$7(55$
LHQGRORVEDV
$ SUHQG LF R
H VG
X) HQ
DW X
ORU
HV
WUD
[S
IH
/HFFLyQ
(
&
0DWHULDO
ULVWLDQRSRUPHG
RV
/D2UDFLyQ
UEL
LR
,1*/$7(55$
YH
GH
UR
O6 (
V3 HUP
OR
GH R
7H[WR3HURW~FXDQGRWHSRQJDVDRUDUHQWUD
QGH
O0RQWH\HOOLEUR
HQWXFXDUWRFLHUUDODSXHUWD\RUDDWX3DGUH
TXHHVWiHQORVHFUHWR$VtWX3DGUHTXHYHOR
TXHVHKDFHHQVHFUHWRWHUHFRPSHQVDUi
7$5($
/HHU3UR
9HUVR3DGUH1XHVWURTXHHVWiVHQHOFLHOR
6DQWLFDGRVHDWXQRPEUH9HQJDWXUHLQR
+iJDVHWXYROXQWDGHQODWLHUUDFRPRHQHOFLHOR
'DQRVKR\QXHVWURSDQFRWLGLDQR
3HUGyQDQRVQXHVWUDVGHXGDVFRPRWDPELpQ
QRVRWURVKHPRVSHUGRQDGRDQXHVWURVGHXGRUHV
<QRQRVGHMHVFDHUHQWHQWDFLyQVLQROtEUDQRVGHO
PDOLJQR0DWHR
(QFXHQWUDODVSDODEUDV
$\XGDDO 12 $ 5 4 . / 2 . * 1 , 3 5 &
QLxRDVDOLU
DGHODQWH
5(6,67(1 9 ' ( 5 < 5 0 ( 7 1 ( * 3
$0$ * - ' ( / $ 1 7 ( 8 5 ( 7
6 5 0 6 : , 3 = < ( ' 7 /
(1(0,*2
5 % + , 3 2 & 5 , 7 $ 6 +
&8,'$5 $ ) = 6 + % * $ 2 / 3 % 0
2%5$6 ' 1 9 7 & 5 2 , 3 - 1 6 $
&XiQWRVSDtVHVWLHQH %8(1$6 , 3 0 ( 1 $ 7 $ 0 , % ( 6
(VFULEHODVOHWUDVHQHOQ~PHURGHDEDMRKDVWD
FRPSOHWDUHOIUDVH /HFFLyQ
ODV
RW SHU
(O3HUGyQ
VX 7H[WR3RUTXHVLSHUGRQDQDRWURV
WH
RIHQ
XV
VXVRIHQVDVWDPELpQORVSHUGRQDUiD
\
XVWHGHVVX3DGUHFHOHVWLDO
D VX
OHV
WDP
Q
URV GR
3DG 4 : ( 5 7 < 8 , 2 3 2 8
D
V
= ; & 9 9 % 1 0 0 3 8 7
VX
V
VDV S
D GHV RFR
UH DUi
+ 2 + 2 0 % 5 ( $ ( 6 (
3 ( 5 ' 2 0 , 9 6 5 6 '
0 1 % 9 7 ; = ( 4 ' ( (
$275266862)(16$67$032&268
4 : 3 ( 5 ' 2 1 : 2 0 6
3$'5(/(63(5'21$5$$867('(6/$668<$6 - $ 6 ' 2 ) ) 7 ( 1 ( 0
8 * + - 6 . ( $ 5 $ - 1
, 3 2 , 8 < 1 - 7 5 $ %
9HUVR(OEXHQMXLFLRKDFHDOKRPEUH & < 7 5 ( : 6 $ < $ 1 9
SDFLHQWHVXJORULDHVSDVDUSRUDOWR , $ 6 ' ) 3 $ ' 5 ( 7 &
ODRIHQVD
3URYHUELRV 2 $ / ' 6 $ 6 ( 5 5 ( 6
' $ / ( 9 2 6 , $ * 6 6
(QFXHQWUDODVSDODEUDV
9LVLWDDWUDYH]GH*RRJOH 3(5'1 3$'5( 3(5'21$5
(DUWKOD0XUDOOD&KLQDTXH 2)(16$6 '(8'$ $/(926,$
27526 -8,&,2 9(17$-$
HVWDHQHOSDtVGRQGHYLYLD 6(0(-$17(6
867('(6 +20%5(
0RRL1JD
7$5($ &+,1$
6HPDQD
/HHU3UR 0DWHULDO([SORUDWX)H$SUHQGLHQGRORV
EDVLFRVGHQXHVWUDIH&ULVWLDQRSRUPHGLR
GH(O6HUPRQGHO0RQWH\HOOLEURGHORV
3URYHUELRV+HFKRHQ+XDWDEDPSR
6RQRUD0H[LFRSRUHO0LQLVWHULR
3UR9LVLyQ
8QLWHG6WDWHVRI$PHULFD
((88 /HFFLyQ
6HPDQD
(O$\XQR
([SORUH\RXU)DLWKFXUULFXOXP
RQWKHEDVLFVRIRXUIDLWKDVVHHQ
WKURXJKWKH6HUPRQRQWKH0RXQW
7H[WR&XDQGRD\XQHQQRSRQJDQFDUDWULVWHFRPR
KDFHQORVKLSyFULWDVTXHGHPXGDQVXVURVWURVSDUD
PRVWUDUTXHHVWiQD\XQDQGR/HVDVHJXURTXHpVWRV\D
KDQREWHQLGRWRGDVXUHFRPSHQVD
7$5($ $\XGDDOQLxR
/HHU3URY DD\XQDUHQ
VHFUHWR
+D]XQDLQYHVWLJDFLyQHQ,PiJHQHV
*RRJOHEXVFDQGR%LOO\6XQGD\
%HLVEROSDUDYHUD%LOO\FRQVX
XQLIRUPHGHEHLVEROLVWD
9HUVR(O6HxRUDERUUHFHDORV
DUURJDQWHV8QDFRVDHVVHJXUDQR
TXHGDUiQLPSXQHV
3URYHUELRV
DEFGHIJKLMNOPQRSTUVWXYZ[\]
DEFGHIJKLMNOPQRSTUVWXYZ[\]
/RVKLSyFULWDVGHPXGDQVXVURVWURVSDUD
PRVWUDUTXHHVWDQD\XQDQGR
4XpKDUiWX3DGUHTXHYHWXD\XQRHQORVHFUHWR"
WHUHFRPSHQVDUD
/HFFLyQ
/RV7HVRURV
7H[WR1RDFXPXOHQSDUDVtWHVRURVHQODWLHUUD
GRQGHODSROLOOD\HOy[LGRGHVWUX\HQ\GRQGHORV
9HUVR1RWHDIDQHVDFXPXODQGR ODGURQHVVHPHWHQDUREDU0iVELHQDFXPXOHQ
ULTXH]DVQRWHREVHVLRQHVFRQ SDUDVtWHVRURVHQHOFLHORGRQGHQLODSROLOODQLHO
HOODV3URYHUELRV y[LGRFDUFRPHQQLORVODGURQHVVHPHWHQDUREDU
6LJXHODVOtQHDVSDUDPRYHU
GHXQDOHWUDDODRWUDSDUD
7 GHOHWUHDUODVSDODEUDVGH
7$5($ ODOHFFLyQ6HSXHGH
PRYHUHQFXDOTXLHU
$ 1 ( / GLUHFLyQ
/HHU3URY
12
0 2 * $0,*26
*(17(
9,2/(17$
6 , 9
DEFGHIJKLMNOPQ RSTUVWXYZ[\]
DEFGHIJKLMNOPQxRSTUVWXYZ[\]
'
1DGLHSXHGHVHUYLU
6 1 2 12
$&808/$1'2
DGRVVH RUHVSXHV
/$6
8 ( $ & 5,48(=$6
PHQRVSUHFLDUDDXQR\
4 = / 8
DPDUDDORWUR
, 5 0
(QWRQFHVGyQGHGHEHPRVDFXPXODUWHVRURV"
HOFLHOR
$TXLpQVHUYLUiVW~"'LRV'LQHUR
/HFFLyQ
(67$'2681,'26
6HPDQD
1R7H3UHRFXSHV
7H[WR3RUHVROHVGLJR1RVHSUHRFXSHQSRUVXYLGD
TXpFRPHUiQREHEHUiQQLSRUVXFXHUSRFyPRVH
0DWHULDO([S
YHVWLUiQ1RWLHQHODYLGDPiVYDORUTXHODFRPLGD\HO
FXHUSRPiVTXHODURSD"
8QHODVJXUDVFRQFDGDOtQHDTXH
OOHYDQDODVROXFLyQGHODQHFHVLGDG
GHFDGDSHUVRQD
+D]XQDLQYHVWLJDFLyQHQ*RRJOH
GHODV3ULQFLSDOHVSUHRFXSDFLRQHV
GHORVQLxRVSDUDWHQHUPiV
LQIRUPDFLyQHQODFODVH
'HVFLIUDHOPHQVDMHRFXOWRHQHO
FyGLJRGHEDUUDV
6
(
3
8
&
2
5
7
1
7$5($
/HHU3URY
9HUVR7RUUHLQH[SXJQDEOHHVHOQRPEUHGHO
6HxRUDHOODFRUUHQORVMXVWRV\VHSRQHQD
VDOYR3URYHUELRV
/HFFLyQ
1R-X]JXHV
7H[WR1RMX]JXHQDQDGLHSDUDTXHQDGLHORVMX]JXHD
XVWHGHV3RUTXHWDOFRPRMX]JXHQVHOHVMX]JDUi\FRQOD
PHGLGDTXHPLGDQDRWURVVHOHVPHGLUiDXVWHGHV
9HUVR$FDGDXQROHSDUHFHFRUUHFWR (175$'$
VXSURFHGHUSHURHO6HxRUMX]JDORV
FRUD]RQHV3URYHUELRV
-DFNLH3XOOLQJHUHUDXQDJUDQ
P~VLFR\VXLQVWUXPHQWR
IDYRULWRHUDHO2ERH%XVFD
HQ:LNLSHGLDHVWHLQVWUXPHQWR
HLQYHVWLJDTXpWLSRGH
LQVWUXPHQWRHV
3RUTXpQRGHEHPRV
MX]JDUD 5 ',$ 1 &$5
QDGLH" (, '
1
'
$ (PSLH]DHQODHFKD\
,9
(
(/
'
HVFULEHXQOHWUDVL\RWUDQR
6805$/0
KDVWDHQFRQWUDUODUHVSXHVWD
-,8
3$5$48(BBBBB
/=(*
/26BBBBBB$
6$/,'$
BBBBBBB&21/$
(8
BBBBBBBBBBB
,/
2
1
0
( 5
6 8
76
(1 (75
($'8
&+,1$
7$5($ 6HPDQD
0DWHULDO([SORUDWX)H$SUHQGLHQGRORVEDVLFRVGH
QXHVWUDIH&ULVWLDQRSRUPHGLRGH(O6HUPRQGHO0RQWH
/HHU3URY
\HOOLEURGHORV3URYHUELRV+HFKRHQ+XDWDEDPSR
6RQRUD0H[LFRSRUHO0LQLVWHULR3UR9LVLyQ
QXHVWUDIH&ULVWLDQRSRUPHGLRGH(O6HUPRQGHO0RQWH
6HPDQD
0DWHULDO([SORUDWX)H$SUHQGLHQGRORVEDVLFRVGH
\HOOLEURGHORV3URYHUELRV+HFKRHQ+XDWDEDPSR
$/(0$1,$
6RQRUD0H[LFRSRUHO0LQLVWHULR3UR9LVLyQ
/HFFLyQ
3LGH%XVFD\/ODPD
7H[WR3LGDQ\VHOHVGDUiEXVTXHQ\
HQFRQWUDUiQOODPHQ\VHOHVDEULUi3RUTXHWRGRHO
TXHSLGHUHFLEHHOTXHEXVFDHQFXHQWUD\DOTXH
OODPDVHOHDEUH
'HFRGLFDODVSDODEUDV\YLFHYHUVD & , ( / 2 + 3 6 . - 2 / 4
2 ) * & , ( < 4 $ % 5 6 1
SLGHBBBBBBBBEXVFDBBBBBBBBBBB 6 $ % 1 5 $ % 5 ( & , % (
$ % 6 7 , 5 1 $ / 2 5 7 0
OODPDBBBBBBBBBBDEULUBBBBBBBBBBBBB 6 8 0 $ 5 7 0 , ' 2 $ & 5
% $ 1 4 , 1 ( * / 8 9 1 $
HQFRQWUDU
GDUD , 0 4 7 % ( 7 1 / 3 , 4 3
BBBBBBBBBBBBBBBBBBBBBB
BBBBBBBBBBBBBBBBBBBBBB 1 6 $ 1 ( 8 % 0 $ / 7 8 $
SLHGUD
, ( 3 $ ' & $ ' 0 ' $ , 6
SDQ BBBBBBBBBBBBBBBBBBBBBB
1 4 8 5 8 1 5 : ( 0 , 1 %
BBBBBBBBBBBBBBBBBBBBBB WRGR
& 8 1 4 , ( 6 ' 1 , & 3 $
BBBBBBBBBBBBBBBBBBBBBB
SHVFDGR , ( : 8 6 4 ( 3 ( 1 , / =
WUDWDU
BBBBBBBBBBBBBBBBBBBBBB $ 1 6 8 3 8 5 1 4 8 1 8 5
BBBBBBBBBBBBBBBBBBBBBB 7 % * & ; 1 % 5 3 7 , ( /
VHUSLHQWH GHPDV (1&8(175$/$63$/$%5$6
BBBBBBBBBBBBBBBBBBBBBB BBBBBBBBBBBBBBBBBBBBBB 3,'$1 (1&8(175$
PDORV XVWHGHV %8648(1 $%5(
BBBBBBBBBBBBBBBBBBBBBB BBBBBBBBBBBBBBBBBBBBBB //$0(1 3$'5(
,1,&,$7,9$ &,(/2
5(&,%( &26$6
DEFGHIJKLMNOPQ %8(1$6
DEFGHIJKLMNOPQ
RSTUVWXYZ[\]
7$5($
xRSTUVWXYZ[\]
/HHU3URY
9HUVR(OTXHYDWUDVODMXVWLFLD\HO
DPRUKDOODYLGDSURVSHULGDG\KRQUD (O+HUPDQR$QGUpVIXHSDUWHGHO
3URYHUELRV HMpUFLWRKRODQGpVHQOD6HJXQGD
JXHUUDPXQGLDO,QYHVWLJDHVWD
JXHUUDHQ:LNLSHGLD\OOHYD
LQIRUPDFLyQDODFODVH
7$5($ /HHU3URY /HFFLyQ
&XiO3XHUWD"
7H[WR(QWUHQSRUODSXHUWDHVWUHFKD3RUTXHHVDQFKDODSXHUWD\HVSDFLRVRHO
FDPLQRTXHFRQGXFHDODGHVWUXFFLyQ\PXFKRVHQWUDQSRUHOOD3HURHVWUHFKDHVOD
SXHUWD\DQJRVWRHOFDPLQRTXHFRQGXFHDODYLGD\VRQSRFRVORVTXHODHQFXHQWUDQ
5HOOHQDWRGDV $ 2 $ 3 8 + ( = ( ( 2 < 2 $ ( + ( $ 8 * $ ( ,
ODVYRFDOHVTXH
, 4 $ ' ( - 8 ; $ 1 4 7 , ' 8 - ; 2 / ) 2 < $
HQFXHQWUHVHQOD
VRSDGHOHWUDV 2 8 ( 6 , . , & 2 , : 5 8 2 , . % , . ' 8 ( 2
\HQFXHQWUDHO 8 : 7 ) ( / $ 9 $ 0 3 : ( $ * / 1 8 - 6 , < 8
PHQVDMHRFXOWR , 5 < * 2 $ 2 % 8 $ , 6 $ ) , = 0 ( + 3 ( 4 $
" +D]XQD
LQYHVWLJDFtRQHQ
:LNLSHGLDGHOD
SDODEUD+RMDODWD
SDUDVDEHUTXp
KDFtD-XDQ%XQ\DQ
HQVXWUDEDMR
FXDQGRHUDMRYHQ
4XpSXHUWDYDVDHVFRJHU"
9HUVR
+D\FDPLQRVTXHDOKRPEUHOH
SDUHFHQUHFWRVSHURTXHDFDEDQ
SRUVHUFDPLQRVGHPXHUWH
3URYHUELRV ORUDWX)HFRQ(O6HUPRQGHO0RQWH\HOOLEURGH
0DWHULDO([S
ORV3URYHUELRV
6HPDQD
,1*/$7(55$
(VWDGRV8QLGRV
0(;,&$126 /HFFLyQ
6HPDQD
(OiUERO\VXVIUXWRV
0DWHULDO([SORUDWX)H$SUHQGLHQGRORVEDVLFRVGH
QXHVWUDIH&ULVWLDQRSRUPHGLRGH(O6HUPRQGHO0RQWH
\HOOLEURGHORV3URYHUELRV+HFKRHQ+XDWDEDPSR
6RQRUD0H[LFRSRUHO0LQLVWHULR3UR9LVLyQ
7H[WR$VtTXHSRUVXVIUXWRVORVFRQRFHUiQ1RWRGR
HOTXHPHGLFH6HxRU6HxRUHQWUDUiHQHOUHLQR
GHORVFLHORVVLQRVyORHOTXHKDFHODYROXQWDGGHPL
3DGUHTXHHVWiHQHOFLHOR
% 8 ( 1 6 $ 4 : ( 5 7 <
8 % 1 0 9 & ; & 2 5 7 $
( * 2 ) 8 ( * 2 9 , ' )
1 , 0 $ / 2 0 $ ( 7 , 1
2 / 2 / 3 2 , 8 - 7 $ 2
0 5 ) 6 7 ) < 7 $ 6 0 0
8 3 5 2 ) ( 7 $ 6 . $ %
& ( 8 6 : 5 4 6 ( f 2 5
+ $ 7 6 ' 2 ) + - * ) (
2 & 2 1 2 & ( 5 $ 1 / ' 9LVLWDHO&DxyQGHO6XPLGHUR
6 $ 6 ' = ( ; & 9 % 2 1 HQHOHVWDGRGH&KLDSDVPLVPR
& , ( / 2 6 0 1 % 9 % & HVWDGRGRQGHPXULy0LJXHO
3 0 , / $ * 5 2 6 < 2 ; *yPH]+HUQiQGH]SRUGHIHQGHU
' , 6 ) 5 $ = $ ' 2 6 = HOFULVWLDQLVPR
(1&8(175$/$63$/$%5$6
)$/626 )(52&(6 )8(*2
352)(7$6 6(f25 6 (41:
'6
)58726
29(-$6 &212&(5$1 &257$ 7(
2 5
',6)5$=$'26 %8(12 &,(/26 )
/2%26 0$/2 08&+26
/
5
(*
0,/$*526
$7
1RWRGRHOTXHPHGLFH
.&-,+
6HxRU6HxRU
5 <$
9HUVR3RUVXVKHFKRVHOQLxRGHMDHQWUHYHUVLVX 8(+1
FRQGXFWDVHUiSXUD\UHFWD3URYHUELRV
(PSLH]DHQODHFKD\HVFULEHXQOHWUDVL\
/6
RWUDQRKDVWDHQFRQWUDUODUHVSXHVWD
2
7$5($ BBBBBBBBBBB
=
BBBBBBBBBB
/
(
;
/HHU3UR
:
BBBBBB
(
/(
; 50
&' (1,%192
/HFFLyQ
3RQHQ3UiFWLFD
7H[WR3RUWDQWRWRGRHOTXHPHR\HHVWDV
SDODEUDV\ODVSRQHHQSUiFWLFDHVFRPR
XQKRPEUHSUXGHQWHTXHFRQVWUX\yVX
FDVDVREUHODURFD
'HVSXpVGHFRQRFHUDO6HxRU 9HUVR
4XpRIUHFLHURQpVWDVSHUVRQDVD'LRV" 3UDFWLFDUODMXVWLFLD\HOGHUHFKR
BBBBBBBBBBBBB ORSUHHUHHO6HxRUDORV
VDFULFLRV
3URYHUELRV
(OL]DEHWK(OOLRW
$HVWDHGDGPXULyVXHVSRVR 6
$%&'()*+,-./0123456789:;<=
$%&'()*+,-./0123456789:;<=
$GRQLUDP-XGVRQ , 7
$HVWDHGDGMXJyDOD,JOHVLD
)ORUHQFLD1LJKWLQJDOH 0
$HVWDHGDG'LRVOHOODPySDUDHOVHUYLFLR
5HHV+RZHOOV $
$HVWDHGDGHPSH]yWUDEDMDUHQIiEULFDV 2 ' &yPRSXHGHVVHUFRPRHO
0RRL1JD KRPEUHTXHFRQVWUX\yVXFDVD
&XiQWRVQLxRVFXLGyHQXQRUIDQDWRULR" 8
%LOO\6XQGD\ 0LO VREUHODURFD"
OLRQHV
$HVWDHGDGORPDQGDURQDORUIDQDWRULR ' 6
&DPHURQ7RZQVHQG 6
&XiQWRVDxRVGXUyHQWUDGXFLUOD%LEOLD" 2,5\321(5HQ
'
+HQULHWWD0HDUV 8
&XiQWRVQLxRVLPSDFWyFRQVXPDWHULDO"
-DFNLH3XOOLQJHU , 35$&7,&$(67$6
$HVWDHGDGGHFLGLyVHUPLVLRQHUD
+HUPDQR$QGUpV
$HVWDHGDGWUDEDMySDUDHOHMpUFLWR 9 SDODEUDV
-XDQ%XQ\DQ
&XiQWRVDxRVGXUyHQODFDUFHO" 6
3
0LJXHO*yPH]+ &XiOHVSDODEUDV"
3HUVRQDVTXHDFRPSDxDURQVXIpUHWUR
-RQDWKDQ(GZDUGV $ &LQFR (O6(5021GHO0217(
6 0LO
+UVGLDULDVHQODVTXHHVWXGLyOD%LEOLD
LHQGRORVEDV
$ SUHQG LFR
H VG
X) HQ
DW X
6HPDQD
ORU
HV
WUD
[S
IH
(
&
0DWHULDO
ULVWLDQRSRUPHG
7+(81,7('
RV
67$7(62)
UEL
LR
YH
GH
$0(5,&$
UR
(
O6
V3 HUP
OR
QGH GH R
O0RQWH\HOOLEUR