Professional Documents
Culture Documents
GpFUHWQGXMDQYLHUGpILQLVVDQW ODGpILQLWLRQGHODPLVVLRQHWOHVDWWULEXWLRQVGXPLQLVWqUHGH
OHVpTXLSHPHQWVHWOHVPR\HQVGHVWLQpVjSURXYHU ODVDQWpSXEOLTXH
FHUWDLQHV LQIUDFWLRQV j OD FLUFXODWLRQ HW IL[DQW OHV 9XOHGpFUHWQ GXQRYHPEUHSRUWDQW
FRQGLWLRQVGHOHXUXWLOLVDWLRQ UqJOHPHQW LQWpULHXU GHV K{SLWDX[ FHQWUHV HW LQVWLWXWV
/H3UpVLGHQWGHOD5pSXEOLTXH VSpFLDOLVpVUHOHYDQWGXPLQLVWqUHGHODVDQWpSXEOLTXH
6XUSURSRVLWLRQGXPLQLVWUHGXWUDQVSRUW 9X OH GpFUHW Q GX DYULO IL[DQW OHV
FULWqUHVGHFODVVHPHQWGHVVWUXFWXUHVVDQLWDLUHVSXEOLTXHV
9XODORLQGXMXLQUHODWLYHDXWUDQVSRUW
SDUURXWHGHVPDWLqUHVGDQJHUHXVHV 9XO
DYLVGXPLQLVWUHGHVILQDQFHV
9X OD ORL Q GX PDL UHODWLYH j OD 9XO
DYLVGXWULEXQDODGPLQLVWUDWLI
PpWURORJLHOpJDOH 'pFUqWH
9X OD ORL Q GX MXLOOHW SRUWDQW $UWLFOH SUHPLHU (VW FUpp XQ pWDEOLVVHPHQW SXEOLF j
SURPXOJDWLRQGXFRGHGHODURXWHHWWRXVOHVWH[WHVTXLO
RQW FDUDFWqUHDGPLQLVWUDWLIGpQRPPpK{SLWDOGHFLUFRQVFULSWLRQ
PRGLILp HW FRPSOpWp HW QRWDPPHQW OD ORL Q GX GH1HEHU
DRWHWQRWDPPHQWVRQDUWLFOH &HW pWDEOLVVHPHQW HVW GRWp GH OD SHUVRQQDOLWp PRUDOH HW
9XOHGpFUHWQGXVHSWHPEUHIL[DQWOHV GH O
DXWRQRPLH ILQDQFLqUH 6RQ EXGJHW HVW UDWWDFKp SRXU
DWWULEXWLRQVGXPLQLVWqUHGXWUDQVSRUW RUGUH DX EXGJHW JpQpUDO GH O
(WDW ,O HVW VRXPLV j OD WXWHOOH
9XOHGpFUHWQGXMDQYLHUGpILQLVVDQW GXPLQLVWqUHGHODVDQWpSXEOLTXH
OHVpTXLSHPHQWVHWOHVPR\HQVGHVWLQpVjSURXYHUFHUWDLQHV $UW /HV PLQLVWUHV GH OD VDQWp SXEOLTXH HW GHV
LQIUDFWLRQV j OD FLUFXODWLRQ HW IL[DQW OHV FRQGLWLRQV GH OHXU ILQDQFHV VRQW FKDUJpV FKDFXQ HQ FH TXL OH FRQFHUQH GH
XWLOLVDWLRQ O
H[pFXWLRQ GX SUpVHQW GpFUHW TXL VHUD SXEOLp DX -RXUQDO
9X O
DYLV GHV PLQLVWUHV GH O
LQWpULHXU HW GX 2IILFLHOGHOD5pSXEOLTXH7XQLVLHQQH
GpYHORSSHPHQWORFDOGHODMXVWLFHHWGHVGURLWVGHO
+RPPH 7XQLVOHGpFHPEUH
GXFRPPHUFHHWGHO
DUWLVDQDWGHO
LQGXVWULHGHO
pQHUJLHHW =LQH(O$ELGLQH%HQ$OL
GHV SHWLWHV HW PR\HQQHV HQWUHSULVHV GH O
pTXLSHPHQW GH
O
KDELWDW HW GH O
DPpQDJHPHQW GX WHUULWRLUH GH
O
HQYLURQQHPHQWHWGXGpYHORSSHPHQWGXUDEOHHWGHODVDQWp 120,1$7,21
SXEOLTXH 3DUGpFUHWQGXGpFHPEUH
9XO
DYLVGXWULEXQDODGPLQLVWUDWLI 0RQVLHXU7DKDU0
]RXJKLHVWQRPPpFKDUJpGHPLVVLRQ
'pFUqWH DXFDELQHWGXPLQLVWUHGHODVDQWpSXEOLTXHjFRPSWHUGX
GpFHPEUH
$UWLFOHSUHPLHU6RQWDEURJpVOHVDOLQpDVFLQTHWVL[GH
O
DUWLFOH KXLW GX GpFUHW Q GX MDQYLHU
VXVYLVp 0$,17,(1(1$&7,9,7(
$UW/HVPLQLVWUHVGHO
LQWpULHXUHWGXGpYHORSSHPHQW 3DUGpFUHWQGXGpFHPEUH
ORFDOGHODMXVWLFHHWGHVGURLWVGHO
+RPPHGXFRPPHUFH /H GRFWHXU %HQ $\HG )DUKDW SURIHVVHXU KRVSLWDOR
HW GH O
DUWLVDQDW GH O
LQGXVWULH GHO
pQHUJLHHWGHVSHWLWHVHW XQLYHUVLWDLUH HQ PpGHFLQH FKDUJp GHV IRQFWLRQV GH FKHI GH
PR\HQQHV HQWUHSULVHV GH O
pTXLSHPHQW GH O
KDELWDW HW GH VHUYLFHjO
LQVWLWXW6DODK$]DL]HVWPDLQWHQXHQDFWLYLWpSRXU
O
DPpQDJHPHQW GX WHUULWRLUH GX WUDQVSRUW GH XQHSpULRGHG
XQHDQQpHjFRPSWHUGXHUMDQYLHU
O
HQYLURQQHPHQWHWGXGpYHORSSHPHQWGXUDEOHHWGHODVDQWp
SXEOLTXH VRQW FKDUJpV FKDFXQ HQ FH TXL OH FRQFHUQH GH
O
H[pFXWLRQ GX SUpVHQW GpFUHW TXL VHUD SXEOLp DX -RXUQDO 0,1,67(5('(6$))$,5(662&,$/(6
2IILFLHOGHOD5pSXEOLTXH7XQLVLHQQH '(/$62/,'$5,7(
7XQLVOHMDQYLHU (7'(6781,6,(16$/
(75$1*(5
=LQH(O$ELGLQH%HQ$OL
$UUrWp GX PLQLVWUH GHV DIIDLUHV VRFLDOHV GH OD
VROLGDULWp HW GHV 7XQLVLHQV j O
pWUDQJHU GX
GpFHPEUH SRUWDQW RXYHUWXUH G
XQ FRQFRXUV
0,1,67(5('(/$6$17(38%/,48( H[WHUQH VXU pSUHXYHV SRXU OH UHFUXWHPHQW
G
LQVSHFWHXUVGXWUDYDLO
'pFUHWQ GXGpFHPEUHSRUWDQW /H PLQLVWUH GHV DIIDLUHV VRFLDOHV GH OD VROLGDULWp HW GHV
FUpDWLRQG
XQpWDEOLVVHPHQWSXEOLF 7XQLVLHQVjO
pWUDQJHU
9XODORLQGXGpFHPEUHSRUWDQWVWDWXW
/H3UpVLGHQWGHOD5pSXEOLTXH
JpQpUDOGHVSHUVRQQHOVGHO
(WDWGHVFROOHFWLYLWpVORFDOHVHW
6XUSURSRVLWLRQGXPLQLVWUHGHODVDQWpSXEOLTXH GHV pWDEOLVVHPHQWV SXEOLFV j FDUDFWqUH DGPLQLVWUDWLI
9X OD ORL Q GX MXLOOHW UHODWLYH j HQVHPEOH OHV WH[WHV TXL O
RQW PRGLILpH RX FRPSOpWpH HW
O
RUJDQLVDWLRQVDQLWDLUHHWQRWDPPHQWVRQDUWLFOH QRWDPPHQWODORLQ GXPDUV