Prestige avec Maiara

N° 198
Prestige
© ANDRE COPINNE chez DJEANS & CO
Joyeuses fêtes
- DECEMBRE 2012 - Envoi sur demande à anny.dimelow@telenet.be -
Décembre 2012
Beauté & Elégance
Photo MAIARA PIERLOT
6FKQHLGHUV
7RXW FKDQJHPHQW GH VDLVRQ GpEXWH SDU XQH
JUDQGH YLVLRQ TXL UHTXLHUW HQVXLWH XQH JUDQGH
SDUW GH WUDYDLO FRQFUHW HW IDVWLGLHX[ SRXU
GHYHQLU UpDOLWp /HV pTXLSHV GH FUpDWLRQ HW GH
GLUHFWLRQ LQWHUQHV GH 6FKQHLGHUV RQW UHOHYp OH
GpIL (Q FROODERUDWLRQ DYHF XQH DJHQFH
FUpDWLYHHOOHVRQWHQWUHSULVGHUHSRVLWLRQQHUOD
PDUTXH &H SURFHVVXV D GRQQp QDLVVDQFH j XQ
SURILOJpQpWLTXH
6FKQHLGHUVXQQRXYHDXORJR
XQ QRXYHDX ODQJDJH SKRWRJUDSKLTXH HW GH
FDPSDJQH DLQVL TXH ELHQ G
DXWUHV FKRVHV
HQFRUH 6DQV RXEOLHU OHV QRXYHOOHV VWUDWpJLHV
PDUNHWLQJ HW OHV DSSRUWV VROLGHV GH OD
FROOHFWLRQ /HV FROOHFWLRQV SRXU KRPPHV HW
GDPHV SUpVHQWHQW GH QRPEUHXVHV V\QHUJLHV HQ
WHUPHV G
LPDJH HW GH PDWLqUHV /H 6W\OH &
HVW
8QH )DoRQ 6LPSOH 'H 'LUH /HV &KRVHV
&RPSOLTXpHV
&KDUJpH
GH
UHGpILQLUOHORRNGHVFOLHQWVO
pTXLSHGHFUpDWLRQDUDSLGHPHQW
UpDOLVp j TXHO SRLQW 6DO]ERXUJ HW VHV UDFLQHV pWDLHQW XQH
VRXUFH G
LQVSLUDWLRQ LPSRUWDQWH SRXU O
DYHQLU )LqUH GH VD
FXOWXUHSUHVWLJLHXVHODYLOOHGH6DO]ERXUJHVWOHEHUFHDXG
XQH
DOOLDQFHH[FOXVLYHHQWUHWUDGLWLRQHWPRGHUQLWp/
pTXLSHV
HVW
GRQF HPSOR\pH j VRXOLJQHU OD YRFDWLRQ FRVPRSROLWH GHV
pOpPHQWV GH OD FROOHFWLRQ FODVVLTXH HW j FUpHU JUkFH j
O
LQWpJUDWLRQ GH QRXYHDX[ FRQFHSWV XQH FROOHFWLRQ TXL
LQWHUSHOOH OD FOLHQWqOH PrPH VL FHOOHFL QH FRQQDvW SDV
HQFRUH 6FKQHLGHUV /HXU EXW pWDLW GRQF G
RXYULU OH UHJDUG
VXUODWUDGLWLRQHWODUpLQYHQWHU/DTXLQWHVVHQFHGH6DO]ERXUJ
VH UHIOqWH pJDOHPHQW GDQV OD SDOHWWH TXL V
pWLUH GX EOHX QXLW DX[
WRQVPRUGRUpVHQSDVVDQWSDUO
DPEUHO
pEqQHOHURXJHVDQJOH
WDEDFOHJUDSKLWHO
DOLVLHUOHEHLJHHWOHJDOHW3DUpFHWWHVDLVRQ
FRPPH j O
DFFRXWXPpH GH FRXOHXUV UDGLHXVHV HW GH FRQWUDVWHV
VpGXLVDQWV OH ORGHQ VXSHU ILQ GRQQH DX[ FUpDWLRQV XQH DOOXUH
IULQJDQWHELHQTXHUDIILQpHHQWUHpOpJDQFHHWWUDGLWLRQ
'HV GpWDLOV VXU OHV FROV WHOV TXH GH OD ULFKH EURGHULH LQVSLUpH GH
O
DUWGH
ODEURGHULH.DORFVD
KRQJURLVHFRQIqUHQWDX[YHVWHVjFRO
GURLW XQ pFODW H[FHSWLRQQHO /D ORQJXH YHVWH j FRO GURLW GRQW OD
WUHVVHGHIOHXUVV
DOOLHDX[GpWDLOVLQVSLUpVGHVXQLIRUPHVKRQJURLV
LOOXVWUH XQH DVVRFLDWLRQ UpVROXH HW KDUPRQLHXVH GH GLIIpUHQWV
pOpPHQWV VW\OLVWLTXHV OHV GpWDLOV PLOLWDLUHV EpQpILFLDQW G
XQH
LQWHUSUpWDWLRQIpPLQLQH
$QQ\'LPHORZ
/HURLGX
KDPEXUJHUVH
QRPPH
+(0*,(¶6
/H KDPEXUJHU D VHV WLWUHV GH
QREOHVVH ,O Q¶\ D SDV TXH OHV
URLV 4XLFN HW 0DF'R TXL RQW
OHXUPRWjGLUHGDQVFHGRPDLQH
SDUWLFXOLHU
TX¶HVW
OD
JDVWURQRPLHUDSLGHRXTXLO¶HVW
PRLQV +(0*,(¶6 UHYLVLWH OH
KDPEXUJHU j VD PDQLqUH VDQV FKLFKLV PDLV DYHF VDYRLUIDLUH 9R\H] SOXW{W 7RXW HVW SDUp
GDQVOHVPHLOOHXUVPRUFHDX[GHYLDQGHKkFKpHHWFXLWjSRLQWSDUpHGDQVGHVSDLQVRXVDQV
%UHI OH VXPPXP GH OD UHVWDXUDWLRQ DPpULFDLQH $XGHOj GH FH SODW SKDUH GH OD PDLVRQ OHV
JRXUPDQGVSHXYHQWFRPPHQFHUOHXUVDJDSHV
SDU GH VXFFXOHQWHV ©EUXVFKHWWHª DX
FDPHPEHUWRXHQFRUHXQHDVVLHWWHGHMDPERQ
6HUUDQR ©*UDQ 5HVHUYD ª 0DLV OH YpULWDEOH
PRUFHDX GH EUDYRXUH GH OD PDLVRQ UpVLGH
pYLGHPPHQW GDQV VHV KDPEXUJHUV 'H TXRL
GRQQHU XQ IDPHX[ FRXS GH SLHG DX[ LGpHV
UHoXHV HQ PDWLqUH GH VDQGZLFK GH FH JHQUH
$ F{Wp GH FH © FODVVLTXH ª OH FKHI SURSRVH
pJDOHPHQW OH ©0LVV 'DLV\ª WRXMRXUV XQ
VWHDN KDFKp GH E°XI %%% UHOHYp GH
FDPHPEHUWOpJqUHPHQWFRXODQWG
XQFKXWQH\G
RLJQRQVHWFKDPSLJQRQVGHMHXQHVSRXVVHVHW
G
XQH PD\RQQDLVH WUXIIpH /H ©%LJ %HQ ª OXL VH FRPSRVH pJDOHPHQW GH E°XI %%% PDLV
DXVVLGHIURPDJH6WLOWRQEOHXHWPD\RQQDLVHDXEOHXGHSRLUHVFRQILWHVDX[pSLFHVGHSRLUHV
IUDvFKHVG
XQFUXPEOHDX[QRL[GHSpFDQHWSLJQRQVGHSLQHWGHVDODGH3OXVPpGLWHUUDQpHQ
OH ©0RQD /LVDª DVVRFLH GH OD YLDQGH GH E°XI IDoRQ
©VLFLOLHQQHª SDUPHVDQ SHUVLO DLO GHV WRPDWHV VHPL
FRQILWHV GH OD PR]]DUHOOD GL EXIIDOD GX &DUDPHO GH
EDOVDPLTXH HW XQ SHVWR PDLVRQ (QILQ IUDQFKHPHQW
H[RWLTXHOH©7KDw'HOLJKWªVHFRQVWLWXHGHYLDQGHGH
E°XI DVVDLVRQQpH DX FXUU\ URXJH FLWURQQHOOH HW
FRPEDYDFLWURQWKDwDXSLPHQWDQDQDVFDUDPpOLVpVHW
VDODGH 9RLOj GRQF GHV KDPEXUJHUV YpULWDEOHPHQW
FUpDWLIVIODQTXpVG
H[FHOOHQWHVIULWHV(QILQDXFKDSLWUHGHVGHVVHUWVHX[DXVVLWRXVSUpSDUpV
GDQV O
pWDEOLVVHPHQW RQ DXUD TXH O¶HPEDUUDV GX FKRL[ DYHF GHV FODVVLTXHV LQGpPRGDEOHV
FRPPH OH FDIp JODFp RX OD GDPH EODQFKH 7RXV GHX[ G
XQH RQFWXRVLWp LQFRPSDUDEOH PDLV
DXVVLDYHFGHVSUpSDUDWLRQVGDQVOHWRQGHUpWDEOLVVHPHQWFRPPHOH©1HZ<RUN%URZQLHª
8QH DGUHVVH j HVVD\HU VDQV PRGpUDWLRQ 5XH GHV 'RPLQLFDLQV j %UX[HOOHV 3OXV
G¶LQIRVVXUZZZKHPJLHVEH
$QQ\'LPHORZ
9DFDQFHVDX[$OSHV
,OV¶DJLWG¶XQpQRUPHGRPDLQHTXLSRVVqGHGHX[
FHQWV VHSWDQWH NLORPqWUHV GH SLVWHV EDOLVpHV HW
IODQTXp j PqWUHV G¶DOWLWXGH 6RQ QRP OD
VWDWLRQ GHV 'HX[ $OSHV /H SURILO GH OD VWDWLRQ
GHV$OSHVHVWSODWDYHFXQHDYHQXHSULQFLSDOH
GH NP /
HQVHPEOH GHV SLVWHV HW GHV
UHPRQWpHV PpFDQLTXHV V
DJHQFH GHSXLV O
HQWUpH
GH OD VWDWLRQ j O
DXWUH ERXW GX SODWHDX HW SDU
FRQVpTXHQW OHV FOLHQWV DFFqGHQW GLUHFWHPHQW
GHSXLV OHXU KDELWDWLRQ DX[ SLVWHV HW DX[
UHPRQWpHV PpFDQLTXHV TXL SHUPHWWHQW GH VH
KLVVHUYHUVOHVKDXWVVRPPHWV&
HVWXQDFFqVHW
UHWRXU VWDWLRQ 6., $8; 3,('6 JDUDQWL /H
OLHX SHUPHW GH OLVVHU GH EHOOHV WUDFHV GDQV OD
QHLJHHWG¶HIIHFWXHUGHMROLHVSWURPHQDGHVGDQV
GHV SD\VDJHV VSOHQGLGHV HW YLHUJHV j
FRQVRPPHU FHSHQGDQW HQ WRXWH FRQVFLHQFH
pFRORJLVWH HW VpFXULWp /
HIIRUW OD SHQWH HW OH
GpQLYHOpH[LJHQWGHVSUpFDXWLRQVHWODSUpVHQFH
G
XQ SURIHVVLRQQHO /HV $OSHV PHWWHQW XQ
SRLQW G
KRQQHXU j VHQVLELOLVHU FKDFXQ VXU OD
SUDWLTXH GX KRUV SLVWH JUkFH j O
DQLPDWLRQ
KHEGRPDGDLUH )5((5,'( $77,78'( 6XU SODFH GHV SLVWHV VRQW GHVWLQpHV DX[
GpEXWDQWVHWLQWHUPpGLDLUHVHWDX[FRQILUPpVHWH[SHUWV8QHGHVSDUWLFXODULWpVGHVSLVWHV
DX[ $OSHV © SOXV RQ SUHQG GH O
DOWLWXGH HW
SOXV OHV SLVWHV VRQW IDFLOHVª VL ELHQ TXH OH
JODFLHU GHV $OSHV HVW LGpDO SRXU OHV
GpEXWDQWV /HV SLVWHV V
RUJDQLVHQW DXWRXU GH VHFWHXUV 0RQW GH /DQV YLOODJH P
9DOOpH%ODQFKH0/HV&UrWHV0
OD )pH 0 HW OHV KDXWV VRPPHWV HQWUH
HW PqWUHV /D GHVFULSWLRQ GH
O¶HQGURLWSHUPHWG¶DIILUPHUTXHODVWDWLRQGHV
$OSHVHVWSODWDYHFXQHDYHQXHSULQFLSDOHGH
NP /
HQVHPEOH GHV SLVWHV HW GHV UHPRQWpHV
PpFDQLTXHV V
DJHQFH GHSXLV O
HQWUpH GH OD
VWDWLRQ j O
DXWUH ERXW GX SODWHDX HW SDU
FRQVpTXHQW OHV FOLHQWV DFFqGHQW GLUHFWHPHQW
GHSXLV OHXU KDELWDWLRQ DX[ SLVWHV HW DX[
UHPRQWpHV PpFDQLTXHV TXL SHUPHWWHQW GH VH
KLVVHU YHUV OHV KDXWV VRPPHWV &
HVW XQ DFFqV
HWUHWRXUVWDWLRQVNLDX[SLHGVJDUDQWL'qVOD
ILQGHVDQQpHVOHVQRZERDUGHVWPRQWpHQ
SXLVVDQFH DYHF OH FpOqEUH 021',$/ '8 612:%2$5' (QILQ OD VWDWLRQ D UpDOLVp GH
QRPEUHX[ LQYHVWLVVHPHQWV SRXU SDUIDLUH VRQ VLWH )UHHVW\OH $XMRXUG
KXL OH 6QRZSDUN HW OHV
]RQHV )UHHVW\OH VRQW UHFRQQXV j O
pFKHOOH (XURSpHQQH'HV SRVVLELOLWpV GH ULVWRXUQH VRQW
SURSRVpHV j FHUWDLQHV SpULRGHV SRXU OHV HQIDQWV TXL DFFRPSDJQHQW OHXUV SDUHQWV 9R\H] OH
JXLGHHWOHVRIIUHVVXUZZZOHVDOSHVHQIDPLOOHFRP
$QQ\'LPHORZ
8QHQRXYHOOH
ERXWLTXH
RXYHUWHj
:DWHUORR
- -R\ HVW XQH OLJQH GH
YrWHPHQWV
G
H[FHOOHQWH
TXDOLWp GRQW OH SUL[ VH
YHXW j OD SRUWpH GH WRXV
/D PDUTXH D pWp LPDJLQpH
SDU XQ SDVVLRQQp GH PRGH
RULJLQDLUH GH OD UpJLRQ
OLpJHRLVH 6D SUHPLqUH
FROOHFWLRQ D YX OH MRXU HQ
'HSXLVORUVODJULIIHQHFHVVHGHJULJQRWHUGHVSDUWVGHPDUFKp$FWXHOOHPHQWODJULIIH
FRPSWH SOXV GH SRLQWV GH YHQWH HQ %HOJLTXH HW j O
pWUDQJHU /D JDPPH SURSRVH XQH
FROOHFWLRQWUqVFRPSOqWHGHSRORVWHHVKLUWVGRXGRXQHVHWDFFHVVRLUHVVDFVpFKDUSHVSRXU
KRPPHVIHPPHVHWHQIDQWV8QPRW
VXUODWUqVEHOOHpWKLTXHGHODPDUTXH
TXL VDQV HQ IDLUH XQ D[H GH
FRPPXQLFDWLRQ SRXUUDLW SUpWHQGUH j
XQH ODEHOOLVDWLRQ FLWR\HQQH /HV
YrWHPHQWV VRQW IDEULTXpV HQ ,QGH
GDQV XQH RSWLTXH pFODLUpH j WDLOOH
KXPDLQH V
LQVFULYDQW GDQV GHV
QRUPHV GH FRPPHUFH pTXLWDEOH
3LHUUH +DPEOHQQH OH PDvWUH
G¶RXYUDJH D SDU DLOOHXUV IRQGp XQH
DVVRFLDWLRQ TXL YLHQW HQ DLGH DX[
HQIDQWV HQ FUpDQW HQWUH DXWUHV XQH
pFROH PRELOH /
LGpH FRQVLVWH j UHYLVLWHU OH SROR GH PDQLqUH LQQRYDQWH HW RULJLQDOH HQ \
DSSRUWDQW GH OD FRXOHXU HW GHV LPSULPpV $XMRXUG
KXL OD JDPPH V
HVW FRQVLGpUDEOHPHQW
pODUJLH /D TXDOLWp GHV PDWLqUHV
SUHPLqUHV &HOOHFL HVW XQH SULRULWp
GDQV OH FKHI GX FUpDWHXU 'DQV OD
ERXWLTXH GH :DWHUORR FKDFXQ \
WURXYHUD FH TXL OH VpGXLUD /H WRXW
GDQV XQH DPELDQFH V\PSD HW UHOD[
$ O¶LPDJH GHV MHXQHV G¶DXMRXUG¶KXL
HW GH FHX[ TXL OH VRQW PRLQV (Q
HIIHW LO Q
HVW SDV UDUH GH SRUWHU XQ
MHDQV HW XQ SROR SRXU XQH SHWLWH
VRLUpH HQWUH DPLV )LQL OH WHPSV GX
FRVWDUG WURLV SODFHV SRXU VpGXLUH HW
SODLUH « $OOH] \ MHWHU XQ FRXS
G¶°LO3DUGpVLURXVLPSOHFXULRVLWp
8QHDGUHVVH&KDXVVpHGH%UX[HOOHVEj:DWHUORR9R\H]DXVVLOHVLWHZZZEFEFEH
$QQ\'LPHORZ
5DGR
/RUVTXHYRXVDFKHWH]XQHPRQWUHGHFKH]
5DGR YRXV Q¶DFKHWH] SDV XQH PRQWUH
TXHOFRQTXH PDLV DXWDQW XQH PDUTXH
TX¶XQH SLqFH DYHF ODTXHOOH YRXV DXUH]
WRXWH VDWLVIDFWLRQ /D PDUTXH HVW
LQWHUQDWLRQDOHPHQW UpSXWpH SRXU VRQ
GHVLJQ LQQRYDQW HW OHV PDWpULDX[
UpYROXWLRQQDLUHV TX
HOOH XWLOLVH SRXU FUpHU
TXHOTXHVXQV GHV JDUGHWHPSV OHV SOXV
GXUDEOHV GX PRQGH 6L j O
DSSURFKH GHV
IrWHV YRXV UHFKHUFKH] O
DFFHVVRLUH RX OH
FDGHDX SDUIDLW SRXU XQ rWUH FKHU WRXW FH
TXL EULOOH HVW FKH] 5DGR 'LIIpUHQWV
PRGqOHV H[LVWHQW QDWXUHOOHPHQW DILQ GH
FRPEOHU WRXW XQ FKDFXQ $LQVL OD YHUVLRQ
&HUDPRV DOOLH OH FDUEXUH GH WLWDQH j XQ
DOOLDJH PpWDOOLTXH /H PDWpULDX VXELW XQ
SURFHVVXV GH PRXODJH SDU LQMHFWLRQ VRXV KDXWH SUHVVLRQ EDU DYDQW G
rWUH HQVXLWH
FKDXIIpRX©IULWWpªjƒ&2QSHXWpJDOHPHQWQRWHUXQDIILQDJHSUpFLVGHVDFRPSRVLWLRQ
GH FpUDPLTXH KDXWH WHFKQRORJLH HW GX OLDQW PpWDOOLTXH RQW SHUPLV GH SURSRVHU GH QRXYHOOHV
FRXOHXUV $ORUV TXH OHV PRQWUHV HQ RU QH SHXYHQW VH WDUJXHU G
rWUH LQUD\DEOHV /D JDPPH
FRQVHUYHVRQFDUDFWqUHXOWUDUREXVWHHWVDKDXWHUpVLVWDQFHDX[UD\XUHV%UHIXQHPRQWUHGH
FKRL[HWGHTXDOLWpSRXUOHVSOXVH[LJHDQWV/HPXVWRIWKHEHVW
$QQ\'LPHORZ
3,&$5'GpEDUTXHFKH]
QRXV
%DUGDI 7KH NLQJ RI FRQJpODWLRQ GpEDUTXH FKH]
QRXV HW FRPSWH ELHQ V¶\ LPSRVHU $SUqV DYRLU
UDIOHU OH PDUFKp GX F{Wp GHV &KDPSV(O\VpHV
3,&$5' HQWHQG IDLUH IRUWXQH GDQV QRWUH SD\V HW
ERRVWHU VHV YHQWHV 6L 3DULV YDXW ELHQ XQH PHVVH
%UX[HOOHV HQ YDXW SOXVLHXUV $SUqV OH PLOOLDUGDLUH
$UQDXG RQ DVVLVWH j XQH YUDLH LQYDVLRQ GHV VXMHWV
RXGHVPDUTXHVIUDQoDLVHVGDQVQRWUHUR\DXPHRLOQ¶\DTXHOHV%HOJHVSRXUVHSODLQGUHGX
WHPSV GH OD SROLWLTXH HW GHV SUREOqPHV OLQJXLVWLTXHV
4X
LOV VRLHQW EDQTXLHUV IRQFWLRQQDLUHV HXURSpHQV
pWXGLDQWV FDGUHV GH PXOWLQDWLRQDOHV YRLUH PrPH GHV
PXOWLPLOOLRQQDLUHV LOV VRQW QRPEUHX[ j \ pOLUH
GRPLFLOH /D GHUQLqUH OLYUDLVRQ IUDQoDLVH HVW WUqV
LQWpUHVVDQWHFDULOV
DJLWGHODUHVWDXUDWLRQXQVXMHWTXL
XQLW %HOJHV HW )UDQoDLV /
HQVHLJQH 3LFDUG WUqV JUDQG
VSpFLDOLVWHGXVXUJHOpDRXYHUWUpFHPPHQWXQPDJDVLQ
j :ROXZH6DLQW/DPEHUW DYHQXH *HRUJHV +HQUL
DSUqV DYRLU WHVWp DYHF VXFFqV XQH LPSODQWDWLRQ j :DWHUORR 3LFDUG © F
HVW GX VpULHX[ª DYHF
XQH SUpVHQFH PDVVLYH HQ )UDQFH 'H TXRL UHPSOLU YRV VXUJpODWHXUV DYHF WRXW FH GRQW YRXV
UrYHU$QQ\'LPHORZ
/DWDEOHG¶8SLJQDF
'DQVVRQFDGUHW\SLTXHHWDX
FRHXUPrPHGHO
DFWLYLWp
G
8SLJQDF/D7DEOH
G
8SLJQDFj8SLJQ\HVWOH
UHSqUHGHVJRXUPHWVHQTXrWH
G
DXWKHQWLFLWp'DQVOHVDQFLHQQHVpFXULHV
GpFRXYUH]OHVSHWLWVHWJUDQGVVHFUHWVGHOD
FXLVLQHGXFDQDUGDLQVLTXHOHVYLQVGHWHUURLU
VRLJQHXVHPHQWVpOHFWLRQQpV$SUR[LPLWpGX
UHVWDXUDQWGDQVO
DXWUHDLOHGHODIHUPHGHX[
VDOOHVGHEDQTXHWVDFFXHLOOHQWOHVJURXSHVOHV
IDPLOOHVOHVHQWUHSULVHVSRXUGHVUHSDVHWGHV
DQLPDWLRQVJDVWURQRPLTXHVRX
RHQRORJLTXHV3RXUTXRLQHSDVFRPELQHUXQH
DQLPDWLRQFXOLQDLUHHWXQUHSDVjODIHUPHSRXU
IDLUHGHYRWUHYHQXHXQpYpQHPHQWLQRXEOLDEOH"
2Q\PDQJHYUDLDYHFGHVJURVVHVSLqFHVOLpHVj
ODWUDGLWLRQHWXQVDYRLU
IDLUHLQGpQLDEOH/D
FDUWHYDULHFKDTXH
VDLVRQDYHFGHVSURGXLWVIUDLVHWOHFDQDUGTXLGHPHXUHODYHGHWWHGX
OLHX3RXUDFFRPPRGHUODEHVWLROHHQTXHVWLRQRQV¶\SUHQGFRPPH
XQFKHI8QPHWGRLWSODLUHDXWDQWDX[\HX[TX¶DX[SDSLOOHV,OHVW
WUDLWpHQIRLHJUDVLGpDOFRPPHHQWUpHHQFDUSDFFLRjO¶KXLOH
SRrOpGHGLYHUVHVPDQLqUHVRXHQUDYLROHV3RXUIDLUHERQQHPHVXUH
RQUHJDUGHUDDXVVLOHVGHVVHUWVWRXVVXFFXOHQWVHWODFDYHGHVYLQV
LQFRQWRXUQDEOH$ORUVjSHLQHjXQHGHPLKHXUHGHODFDSLWDOHYRLFLXQHDGUHVVHJRXUPDQGHj
QHSDVUDWHU4XDQWDXWDULIGLVRQVQLSOXVQLPRLQVFKHUTX¶DLOOHXUV8QERQUDSSRUWTXDOLWp
SUL[
/DWDEOHG¶8SLJQDFj8SLJQ\5RXWHGHOD%UX\qUHj8SLJQ\7
$QQ\'LPHORZ
0$'2
/HV QRVWDOJLTXHV VRQJHQW LFL j XQ ILOP GH
&ODXGH 6DXWHW DYHF 5RP\ 6FKQHLGHU PDLV
VXUWRXW OD EHOOH 2WWDYLD 3LFFROR HW 1DWKDOLH
%D\H GDQV O¶XQ GH VHV SUHPLHUV U{OHV
3RXUWDQW 0$'2 HVW DXVVL XQH OLJQH GH
YrWHPHQWV SRXU IHPPHV DYHF XQH VpULH GH
MROLHV FRXOHXUV SRXU SDUHU j OD PRURVLWp
DPELDQWH GH O¶KLYHU TXL IUDSSH DX[ SRUWHV
DYHF WRXWH XQH SDOHWWH FDUQLYRUH TXL PHW GX
PRUGDQW GDQV O
pOpJDQFH 8QH JDPPH
PXVFOpH TXL IDLW YRLU OD YLH HQ URXJH HW HQ
URX[LQWHQVHV'HODFKDOHXUHWGHODGRXFHXU
SRXU VH SURWpJHU GHV DJUHVVLRQV DYHF HQ
VLJQDWXUHFHWKLYHUXQWKqPH ©*UDQG1RUGª
WRXWHQPDLOOHSXOOWULFRWpRXHQFRUHXQHWUqV
ODUJH JDPPH GH SXOOV RIIUDQW XQH SDOHWWH GH
ILOV QREOHV HW FKDOHXUHX[ WHO TXH O
DQJRUD RX
OH PRKDLU FRKDELWDQW DYHF XQ FUrSH /X[H
GRXFHXU HW YROXSWp VRQW DX SURJUDPPH GH
O
KLYHU 0DGR 8QH FROOHFWLRQ TXL MRXH
OD PL[LWp HQ FHW DLOOHXUV IDQWDVPp R OHV
FXOWXUHV V
HQWUHFKRTXHQW R OH YUDL F{WRLH OH IDX[ R O
RSXOHQFH FDFKH OD PLVqUH 8QH
FROOHFWLRQTXLYRLWGRQFPDWLqUHFRPSDFWHWIOXLGHFRKDELWHUWLVVXPDWHWWUDQVSDUHQWVHPL[HU
MRXDQWO
DOWHUQDQFHHQWUHDERQGDQFHHWVREULpWp ,FL/HVFRGHVVRQWERXVFXOpVXQHSDOHWWHGH
PDWLqUHTXLMRXHODSURYRFDWLRQDOOLDQWOHFODVVLTXHG
XQPLQLSLHGGHSRXOHjO
K\SHUIpPLQLWp
G
XQH GHQWHOOH /HV FRGHV GH OD MXSH NLOW VRQW DVVRFLpV j
O
LQVROHQFHG
XQSXOOjO
HVSULWGpFKLUpRXHQFRUHRQGpFDOH
OH ERQ FKLF ERQ
JHQUH G
XQ FDUUHDX
JUkFH j VRQ HIIHW
WDFKp 0DGR HW OHV
$XWUHV DIILFKH GRQF
XQH
FROOHFWLRQ
DXWRPQH HW KLYHU
HQ UpDFWLRQ
IDFH j FH GpOXJH GH
FRQIHVVLRQV
LPSXGLTXHV GDQV
ODTXHOOHRQ UHWURXYH
OH OX[H GX VHFUHW OD
IpPLQLWp YRLOpH OD
YROXSWp
GHV
FRQILGHQFHV GRQW RQ QH UpVHUYH OD FOp TX
j XQ FHUFOH G
LQWLPHV &HWWH FROOHFWLRQ TXL WRXW HQ
UHVWDQW DFFHVVLEOH V
DUWLFXOH DXWRXU GH OD QRWLRQ GH FRGH j UpYpOHU DX[ LQLWLpV TXL SUpVHUYHQW
OHXU HW QRWUH LGHQWLWp 0$'2 &HWWH FROOHFWLRQ DXWRPQH KLYHU VH YHXW GRQF GHVWLQpH j
FHOOHVTXLYHXOHQWrWUHUpHOOHPHQWIpPLQLQHV
$QQ\'LPHORZ
$SULO.$50(1OD
QRXYHOOH3HUOHGH
'DQLHO+HUPDQ
1pHj%UX[HOOHVOH$YULOG¶XQH
IDPLOOHG¶RULJLQH&RQJRODLVH$SULO
.$50(1HVWODILOOHDvQpHGHVWURLV
VRHXUV%ULOODQWHpWXGLDQWHHQGURLW
pFRQRPLTXHHWHQODQJXHVHOOHHVWQRQ
VHXOHPHQWSDVVLRQQpHGHPXVLTXHGH
GDQVHHWDXVVLGHPRGH(QYpULWDEOH
DVVRFLDWLRQGH'LYDHWGH)DVKLRQLVWDHOOH
FKDQWHGqVVRQSOXVMHXQHkJHHW
V¶HQWUDvQHMRXUDSUqVMRXUHQVHUpIpUDQWHW
VHSHUIHFWLRQQDQWVXUOHVWLWUHVGHVSOXV
JUDQGHVVWDUVLQWHUQDWLRQDOHVWHOOHVTXH
%H\RQFp5LKDQQDRX7RQL%UD[WRQ$SULO.$50(1SDVVHUDODPDMRULWpGHVRQHQIDQFH
DX[3D\V%DVSXLVUHYLHQGUDHQ%HOJLTXHYHUV(OOHVHSUpVHQWHUDGDQVGLYHUVFRQFRXUV
HWIXWSOXVLHXUVIRLVUHPDUTXpHSDUGHVSURIHVVLRQQHOVGHODPXVLTXHHWGHODWpOpYLVLRQ&¶HVW
HQTX¶HOOHIDLWODUHQFRQWUHDYHF'DQLHO+(50$1DXWHXUFRPSRVLWHXUHWDUUDQJHXUGH
PXVLTXHpOHFWURQLTXHOXLPrPHFROODERUDWHXUGHORQJXHGDWHDYHF%UXQR6$1&+,21,
PHPEUHGXJURXSH%%(HWEHVW
VHOOHUPRQGLDO7RXVGHX[
GpFLGHQWGHODSURGXLUHHW
GpFRXYUHQWQRQVHXOHPHQWXQH
DUWLVWHDFFRPSOLHHWERXUpHGH
WDOHQWV©1RQVHXOHPHQW$SULO
HVWGRXpHSRXUODFKDQVRQPDLV
HQSOXVHOOHpFULWGHVSDUROHVDYHFXQHIDFLOLWpGpFRQFHUWDQWHª(QSOXVGHVDTXDOLWp
G¶LQWHUSUqWHG¶XQHYRL[H[WUDRUGLQDLUHG¶XQ/RRNWUqVRULJLQDOROHVFXLVVDUGHVTXLOXLYRQW
jUDYLURQWXQHSODFHSUpSRQGpUDQWH$SULOHVWQRPPpHFROODERUDWULFHSRXUODSURGXFWLRQ
PXVLFDOHHWVLJQHUDVHVWLWUHVHQWDQWTX¶DXWHXU
RIILFLHOOH&¶HVWDXVWXGLRGH'DQLHOTXHOD
SUHPLqUH°XYUH©/LNH,ORYHG<RXªjYXHOH
MRXUSRXUrWUHUHPL[pHHWUpDUUDQJpHDXVWXGLR
GH%UXQR/H&'HVWGpMjHQWpOpFKDUJHPHQW
OpJDOHWHVWELHQHQWHQGXODUJHPHQWGLIIXVpVXU
*2/')0j%UX[HOOHVRX
ZZZJROGIPEH$SULOVHUDG
DLOOHXUVHQUDGLR
GDQV/HV(WRLOHVGH%(6FHGpFHPEUH
GqVK3OXVG
LQIRV
KWWSEUXVVHOVHYHQWVVXSSRUWVN\URFNFRP
$SULO.$50(1ODQRXYHOOH
3HUOHGH'DQLHO+HUPDQ(.0
352'8&7,216KWPOHW
KWWSDSULONDUPHQEORJVSRWEH&RS\ULJKW
SKRWRV-DFN\&UHQHDX
&KULVWLDQ%289<
/,12
/¶RXYHUWXUH GH OD
ERXWLTXH
/,12j0LDPLV¶HVW
UpYpOpH XQH UpXVVLWH
HW PDUTXH XQH
SUHPLqUH pWDSH GDQV
O
H[SDQVLRQ
GHV
DFWLYLWpV WDQW HQ
$PpULTXH
TX¶HQ
$PpULTXHGX6XGOD
QRXYHOOH VHFWLRQ GH
OD ERXWLTXH HQ OLJQH
SHUPHWG
DFTXpULUOHV
SOXV EHOOHV SLqFHV
GHV FROOHFWLRQV SRXU
KRPPHV IHPPHV
HQIDQWVHWGHOLQJHGH
PDLVRQ/,12
/H VLWH UpFHPPHQW
PLVjMRXUUpSRQGDX
PLHX[ DX[ EHVRLQV GHV FOLHQWV 1RXYHDXWp OD SRVVLELOLWp GH YRLU OHV YrWHPHQWV SRUWpV GDQV
G
DPXVDQWHV YLGpRV TXL RIIUHQW XQH YLVLRQ j GX VW\OH '
DXWUHV VHFWLRQV GpGLpHV DX[
FRXSXUHV GH SUHVVH HW pYpQHPHQWV RQW pJDOHPHQW pWp DMRXWpHV SRXU IDLUH GH /,12 XQ
SURWDJRQLVWH LQFRQWRXUQDEOH GDQV OH SD\VDJH LQWHUQDWLRQDO 2Q \ WURXYH XQH FROOHFWLRQ WDQW
IpPLQLQH TXH PDVFXOLQH $LQVL OHV KRPPHV DXURQW OD MRLH GH GpFRXYULU XQ SDUGHVVXV HQ
FDVKPHUHGRPLQHODFROOHFWLRQTXLPLVHVXUXQORRN%&%*SDUIDLWSRXUO
KLYHU/HWRXWDYHF
O
DUW HW OD PDQLqUH GH PHWWUH HQ DYDQW OH VW\OH FRQWHPSRUDLQ MDPDLV HQQX\HX[ /HV QXDQFHV
UDIILQpHV GH JULV VH
PDULHQWjUDYLUDYHF
OH EOHX HW OH WDEDF
'XF{WpIpPLQLQOHV
GDPHV UDIIROHURQW
GHV GpWDLOV VRLJQpV
DSSRUWpV
DX[
PDWLqUHV
HOOHV
PrPHV YDORULVpHV
SDU OHXU IDEULFDWLRQ
IDVKLRQ OHV FRXSHV
LPSHFFDEOHV HW XQH
VpULH GH GpWDLOV
H[LJHDQWV ,FL WRXW
ULPH DYHF pOpJDQFH
HWVREULpWp8QSHXj
O¶LQVWDU GH OD SLqFH
PDvWUHVVHGXFDWDORJXH $VDYRLUXQPDQWHDX HQFDVKPHUHHWOLQGRWpGHSRFKHVSDWFKXQH
WRXFKHGHOX[HHWUHKDXVVpGHGpFRUDWLRQVVXUOHVRXUOHWV8QHSLqFHjDVVRFLHUDYHFXQHEORXVH
HQVRLHDX[LPSULPpVIORUDX[HWXQSDQWDORQpYDVp%UHIGHVWRQVGRX[TXLPDULHQWO
RUJHOH
YHUWHWOHEOHXFDQDUG
$QQ\'LPHORZ
'XQHXIFKH]*DOOHU
'HV SUDOLQHV RULJLQDOHV VRQW GpVRUPDLV HQ
FRPPHUFH (OOH RQW WRXW GHV JUDQGHV
DVSHFWTXDOLWpLUUpSURFKDEOHGXFKRFRODWHW
HPEDOODJH 7RXW D pWp UHYX SRXU SODLUH
$YHFFHWWHQRXYHOOHJDPPHOHFKDQJHPHQW
HVW UDGLFDO FKH] *DOOHU /HV SUDOLQHV VRQW
IDFLOHPHQW UHFRQQDLVVDEOHV DYDQW OD
GpJXVWDWLRQ HW OD TXDOLWp JXVWDWLYH HVW OD
FRQILUPDWLRQ GH OD TXDOLWp YLVXHOOH 3RXU
UDSSHO F
HVW OH DYULO TXH QRXV
LQDXJXULRQVQRWUHSUHPLqUHERXWLTXHVXUOD
*UDQG 3ODFH GH %UX[HOOHV 'HSXLV ORUV OD
JDPPHGHSUDOLQHVDpYROXpELHQV€UPDLV
WRXMRXUV GDQV OD FRQWLQXLWp 4XH YRWUH
FKRL[VHSRUWHYHUVXQHEHOOHERvWHDILQGH
GpFRXYULU WRXWHV OHV SUDOLQHV HQ XQH IRLV
RX YHUV OH WUDGLWLRQQHO EDOORWLQ YRXV
WURXYHUH] YRWUH ERQKHXU OHV GHX[
HPEDOODJHVVRQWGLVSRQLEOHV9RXVQ
DLPH]
SDV OH SODVWLTXH HW OHV HPEDOODJHV LQXWLOHV
&HOD WRPEH ELHQ QRXV QRQ SOXV 'DQV OD
ERvWH GHV VpSDUDWLRQV HQ FDUWRQ SURWqJHQW
OHVSUDOLQHVGDQVOHVEDOORWLQVQRXVDYRQVGpYHORSSpXQV\VWqPHGHSODWHDX[DILQGHJDUGHUOD
FRQYLYLDOLWp TXL QRXV HVW FKqUH GHSXLV DQV 3RXU IrWHU FHW pYpQHPHQW WURLV QRXYHOOHV
SUDOLQHV YLHQQHQW FRPSOpWHU OD JDPPH © &RFRª DYHF XQH JDQDFKH FODLUH DX ODLW GH FRFR
-
DLPHVDGRXFHXU©$EULFRW©DYHFXQHJDQDFKHjO
DEULFRW&KDTXHIRLVTXHMHFURTXHGDQV
FHWWHSUDOLQHM
DLO
LPSUHVVLRQGHFURTXHUGDQVXQDEULFRWELHQP€UHW©6HOGH*XpUDQGHªDYHF
XQHJDQDFKHELHQV€UDX6HOGH*XpUDQGH4XHYRWUHFKRL[VHSRUWHYHUVXQHEHOOHERvWHDILQ
GH GpFRXYULU WRXWHV OHV SUDOLQHV HQ XQH IRLV RX YHUV OH WUDGLWLRQQHO EDOORWLQ YRXV WURXYHUH]
YRWUHERQKHXU
$QQ\'LPHORZ
7(55(%/(8(YHUVLRQ+LYHU
7(55(
%/(8(
SURSRVH VRQ
FDWDORJXH
V\PSD
SRXU
O¶KLYHU j YHQLU
,O
V¶DJLW
WRXMRXUV
GH
YrWHPHQWV
IDFLOHV
HW
DJUpDEOHV
j
SRUWHUHQWRXWHV
FLUFRQVWDQFHV
ELHQ DGDSWpV j
OD VDLVRQ 2Q
DVVRFLHVRXYHQW
ODPDUTXHjGHV
YrWHPHQWV GH
ELHQrWUHjGHVWHQXHVPRGHGDQV/HVTXHOOHVRQVHVHQWELHQHWTXLVRQWIDFLOHVjFRPELQHU
&HWKLYHU/HFRQIRUWUHVWH/HPRWFOpPDLV/DFROOHFWLRQIUDSSHSDUVHVGpWDLOVpOpJDQWVTXL
QH /
HPSrFKHQWSDVGHUHVWHUILGqOHjVRQLGHQWLWp$XMRXUG¶KXLODFROOHFWLRQ7HUUH%OHXHVH
GpFOLQHVHORQGHX[JUDQGVWKqPHV&DPSXVHW)RUHVW/HEOHXHWOHURXJHVHPDQHQWDYHFXQH
WHLQWH RFUH FKDXGH HW GH O
DQWKUDFLWH &HV FRXOHXUV GRPLQHQW LPSRVHQW XQ WRQ TXL GHYUDLW
VpGXLUH OHV SOXV H[LJHDQWV /H WKqPH
&$0386SRVVqGHGXFKLFDXWDQWTX¶XQH
WRXFKH%&%*3XOOUREHVHWMXSHVRQWpWp
WDLOOpHV SRXU SHUPHWWUH XQH DLVDQFH
SDUIDLWH /D FROOHFWLRQ FRPSRUWH DXVVL GHV PRGqOHV
GURLWV HW VRXSOHV HQ VRLH IOXLGH LPSULPpHV GH VXMHWV
DEVWUDLWV RX V¶LQVSLUDQW GH O¶DUW GpFR HW GHV DQQpHV
4XDQWjODVpULHEDSWLVpH)25(67HOOHSDUHOHFRUSVGX
IURLGHWHOWLHQWELHQDXFKDXGGDQVXQFRFRQGHWLVVXVHW
GH PDWLqUHV FKRLVLHV SRXU DIIURQWHU O¶KLYHU ,O VXIILW GH
VH UpIpUHU DX[ PRGqOHV SRXU VH UHQGUH FRPSWH j TXHO
SRLQW FHWWH VpULH IDLWH SRXU OHV IHPPHV D GX FKLHQ
'HSXLV OHV QRPEUHXVHV FOLHQWHV GH OD PDUTXH
VDYHQWGHTXRLHOOHVSDUOHQWrWUHDXWRSVDQVFUHYHUOH
IRQG GH VRQ SRUWHIHXLOOH 8QH VWRU\ TXL IHUD HQFRUH
ORQJWHPSVSDUOHUG¶HOOH4X¶RQVHOHGLVH
$QQ\'LPHORZ
)OkQHULHVJRXUPDQGHV
9RLOj XQH DGUHVVH SRXU VH UHVWDXUHU VDQV
EkIUHU2QDGRUHFHWWHHQVHLJQHSRXUFHTX¶HOOH
D j QRXV RIIULU VHUYLFH GH TXDOLWp SODWV
RULJLQDX[ HW FDUWH VRLJQpH /H WRXW GDQV XQ
FDGUH pSXUp HW XQH VLPSOLFLWp ORLQ G¶DXWUHV
UHVWDXUDQWVD\DQWSLJQRQVXUUXHHWMRXDQWOHMHX
GHV FKLFKLV PDOYHQXV 8Q JUDQG ERQXV DXVVL
SRXU OD VpOHFWLRQ GHV YLQV FODLUHPHQW PDUTXpH
SDU OHV © QRXYHDX[ ª YLJQHURQV HQJDJpV /H
WRXW FRQVHLOOp SDU XQ VHUYLFH V\PSDWKLTXH
'DQV O¶DVVLHWWH RQ GpEXWH SDU XQH SDQQD FRWWD
DX[ DXEHUJLQHV RQFWXHXVH HW IUDvFKH 3RXU
VXLYUHTXHOTXHVWURQoRQVGHPDTXHUHDXGpSRVpV
VXU XQ FRXOLV GH WRPDWHV HW SRLYURQV /H WRXW
GDQV XQ WUqV EHO pTXLOLEUH 3RXU VXLYUH OHV XQV
RSWHQW SRXU OD VSpFLDOLWp GH OD PDLVRQ O¶°XI
pYLGpGDQVOHTXHOVHUHWURXYHXQHSUpSDUDWLRQFH
MRXUOjjEDVHGHVDXPRQIXPpHWFUX/HVDXWUHV
RSWHQW SRXU OD JDXIUH DX[ ROLYHV MDPERQ FUX HW
FKDQWLOO\ j O¶KXLOH G¶ROLYH (Q SODW XQH ORWWH
HVFRUWpH G¶XQH WULORJLH GH IHQRXLO HQ VDODGH HQ
WHPSXUD HW HQ FUqPH /H WRXW IRUW
ELHQUpXVVL3RXUILQLUOHGXREDQDQH
FHULVHHWJODFHVHUpYqOHpWRQQDQWGH
IUDvFKHXU WRXW FRPPH OH IRUPLGDEOH
IHVWLYDOG¶DJUXPHVGpFOLQpHQVDYHXUV
HW WH[WXUHV pSDWDQWHV ,O Q¶\ D SDV j
GLUH OH VORJDQ © 2Q UHVWH SRXU OH
GHVVHUW ª Q¶D MDPDLV pWp DXVVL ELHQ
SRUWp /HV GHVVHUWV YDOHQW HQ HIIHW j
HX[ VHXOV XQH IOkQHULH JRXUPDQGH
GDQV FH TXDUWLHU %UDYR DX FKHI HW j VRQ pTXLSH SRXU OD EHOOH SURJUHVVLRQ HW XQH FRQVWDQFH
MDPDLVSULVHHQGpIDXWFHWWHDQQpH/HSRLQWVXSSOpPHQWDLUHHVWDFTXLV3DVGHFRXSGHIXVLO
&¶HVWVLPSOHV\PSDHWUDLVRQQDEOHF{WpILQDQFHVHQFHWHPSVGHGLVHWWH
/HV)OkQHULHVJRXUPDQGHVUXH%HUFNPDQVj%UX[HOOHV7
$QQ\'LPHORZ
6RQJHVG
XQVRLUXQPDJQLILTXH
UHFXHLOGHSRqPHVSRXUOHVIrWHV
6RQJHVG
XQVRLUHVWXQUHFXHLOGHSRpVLHR
VRXIIOHOHYHQWGHODSDVVLRQTXHO
DXWHXU
YHXWSDUWDJHUDYHFYRXVHWTXLMHO
HVSqUH
VDXUDFRQTXpULUYRWUHFRHXU
8QHELHQEHOOHLGpHGHFDGHDXjO
DSSURFKH
GHVIrWHVTX
HQGLWHVYRXV/HUHFXHLO
6RQJHVG
XQVRLUHVWGLVSRQLEOH8QRXYUDJH
XQLTXHpFULWDYHFFRQYLFWLRQHWWDOHQWSDU
6RQLD*$//(73OXVG
LQIRV
.DQRSHHUHSWLOHV#RUDQJHIU
&KULVWLDQ%289<
Le « White
Hotel »
rejoint le
réseau ibis
Styles
&RQQXSRXUVRQGHVLJQDW\SLTXH
HWVDORFDOLVDWLRQLGpDOHDXFHQWUH
GH%UX[HOOHVVXUO¶DYHQXH/RXLVHOH©:KLWH+RWHOªUHMRLQWODIDPLOOHLELV6W\OHVODPDUTXH
G¶K{WHOVpFRQRPLTXHVQRQVWDQGDUGLVpVGHVLJQHWWRXWFRPSULVGXJURXSH$FFRUHWGHYLHQW
O¶LELV6W\OHV%UXVVHOV/RXLVH
)5(<:,//(
$ORUV TXH OHV IrWHV GH ILQ G¶DQQpH VH
SUpFLVHQW VXU OH SDSLHU GH QRV DJHQGDV
)5(<:,//( VXJJqUH XQH VpULH GH
SUpVHQWV j RIIULU j FHOOHV TX¶RQ DLPH
YUDLPHQW ,O V¶DJLW WRXMRXUV GH ELMRX[
V\PSDVRULJLQDX[HWSDVWURSFKHUVVLRQ
VH UpIqUH j OD TXDOLWp GH OD JDPPH
SURSRVpH8QHFROOHFWLRQGHSLqFHVGH
FDUDWV HVW PLVH HQ YHQWH SRXU OHV GHX[
UpYHLOORQV PrPH VL HOOHV SHXYHQW rWUH
DFKHWpHVSRXUVRLPrPHRXGDQVOHFDGUH
G¶DXWUHV pYpQHPHQWV ,O V¶DJLW GH IRUW
EHOOHV EDJXHV HW ERXFOHV G¶RUHLOOHV pPDLOOpHV TXL
VHFDUDFWpULVHQWSDUOHXUVPRWLIVHWOHXUJUDSKLVPH
XQLTXH (Q IDLW RQ SHXW DOOHU MXVTX¶j SDUOHU
G¶DXWKHQWLTXHV °XYUHV G¶DXWDQW FKDFXQH D pWp
SHQVpH HW WUDYDLOOpH DYHF VRLQ 'HX[ SRLQWV GH
YHQWH H[LVWHQW GDQV QRWUH FDSLWDOH /D SUHPLqUH
DGUHVVH HVW VLWXpH DX QXPpUR GH D SODFH GX
JUDQG6DEORQTXDQWjODVHFRQGHHOOHV¶HVWpWDEOLH
GDQV OH KDXW GH OD YLOOH VLVH DX QXPpUR GH OD
SODFH /RXLVH Oj R OH JUDWLQ GH OD YLOOH VH
UHQG SRXU FKLQHU HW GpSHQVHU 8QH ERXWLTXH
H[LVWH pJDOHPHQW DX *UDQG'XFKp GX
/X[HPERXUJ 0DLV FRPPH GLUDLW PD WDQWH
6X]H ©3RXUTXRL FRXULU j O¶DXWUH ERXW GX
PRQGHDORUVTX¶RQDWRXWFHTX¶RQDEHVRLQjSRUWpHGHYRLWXUHRXGHPpWUR"ª
$QQ\'LPHORZ
*DOOHU
/DFpOqEUHPDUTXHGHFKRFRODWVDLWVHIDLUHGpVLUHU3RXU
FH PRLV HOOH SURSRVH GHV pWLTXHWWHV j O¶HIILJLH GX &KDW
3RXUTXRL SDV" 9RLOj TXL YD UpMRXLU SDV PDO GH PRQGH
/HVDPDWHXUVGHFKRFRODWjODLVVHUIRQGUHVRXVODODQJXH
HW OHV IDQV GH *HOXFN 2Q OH VDLW OH FKRFRODW *DOOHU HVW
WRXWERQQHPHQWGpOLFLHX[LGpDOSRXUVHUYLUDYHFOHFDIp
FRPPHHQFDVRXSRXUVHIDLUHSODLVLU(QSOXVRIIULUXQ
WHOFDGHDXQ¶HVWSDVGHVSOXVRQpUHX[5DLVRQGHSOXVGH
FpGHUSDUFHVWHPSVGHFULVH'HVXUFURvWO¶HQVHPEOHHVW
SUpVHQWpGDQVXQHEHOOHERvWHHQPpWDOTXLSHXWVHUYLUSDU
OD VXLWH '¶R GRXEOH HPSORL &HV FKRFRODWV V\PSDV VH
GpFOLQHQW HQ TXDWUH VDYHXUV 9R\H] SOXW{W ODLW SUDOLQp
EODQF SUDOLQp QRLU GH QRLU HW QRLU SUDOLQp 'H TXRL
FRQWHQWHUWRXWXQFKDFXQ
$QQ\'LPHORZ
%HUQDUG0DVVDUW
4XLDGLWTX¶RQDOODLWFpOpEUHUXQDQQLYHUVDLUH"
1RXV (W GH VXUFURvW DYHF XQH EHOOH ERXWHLOOH
TXLSpWLOOHXQJUDQGJkWHDXHWSDVPRLQVGH
ERXJLHV /D PDLVRQ D pWp IRQGpH DYDQW OD
JXHUUH PRQGLDOH /D SUHPLqUH PDUTXH
DXVVLXQWRXUQDQWFDU%HUQDUG0DVVDUWVHSDUH
GH VHV RULSHDX[ HW DGRSWH XQ QRXYHDX ORRN
DXVVLGLVWLQJXpTXHOHSUpFpGHQWPDLVSOXVLQQ
/H SDUL SRXUUDLW SDUDvWUH RVp 1RQ LO Q¶HVW SDV
TXHVWLRQ GH WRXUQHU OH GRV j OD WUDGLWLRQ PDLV
GHV¶HQLQVSLUHUSRXUHVVD\HUGHIDLUHPLHX[HW
OD UHQRXYHOHU SRXU SOXV G¶XQ VLqFOH &H TXL
FRPSWH F¶HVW OD IrWH DX[ EXOOHV FHOOHVFL
UHFRQQXH j WUDYHUV OH PRQGH HW HQYLpH j
O¶pWUDQJHU IUXLW G¶XQ FHSV PHUYHLOOHX[ HW GX
WUDYDLO GHV RXYULHUV GX GRPDLQH EUDVVLFROH
&KDTXH YLFWRLUH LPSRUWH HW HVW FpOpEUpH 8QH
GHV FOpV GH O¶H[SDQVLRQ UDSLGH GHV SURGXLWV GH
FH GRPDLQH WLHQW HQ GHX[ RX WURLV FKRVHV
SRXUWDQW FDSLWDOHV SRXU H[FHOOHU XQH ERQQH
VLWXDWLRQ DYHF XQH H[SRVLWLRQ LGpDOH DX VROHLO
GHV UDLVRQV SRUWpV j PDWXULWp HW XQH PDvWULVH
VpFXODLUH GH OD WHFKQLTXH GH FXHLOOH HW GH
EUDVVDJH /H UHVWH HVW ODLVVp DX JR€W GHV
FRQQDLVVHXUV TXL SDUYLHQQHQW j UHFRQQDvWUH XQ
QHFWDUG¶XQYLQRUGLQDLUH(WFHQHVRQWSDVFHV
SURGXLWV LPSRUWpV TXL YLHQGURQW IDLUH GH
O¶RPEUH %HUQDUG 0DVVDUW V¶HVW IDLW XQ DUW HQ EXOOHV QREOHV &HOXL TXL \ JR€WH VDLW
QDWXUHOOHPHQWGHTXRLRQSDUOH
$QQ\'LPHORZ
'(/$&5(6HUKDELOOH
1RXV DYRQV WRXV TXHOTXH FKRVH HQ QRXV GH '(/$&5( FHV GpOLFLHX[ ELVFXLWV TX¶RQ DOODLW
JUDSSLOOHUGXERXWGHVGRLJWVGDQVODUpVHUYHGHJUDQGPqUH(QJUDQGLVVDQWRQDDXVVLDLPpOH
FKRL[GHVGpFRUDWLRQVGHVERvWHVDYHFVHVVpULHV7LQWLQ)DPLOOHUR\DOHGH%HOJLTXH3RXUFHW
DXWRPQHOHPRGLVWH&KULVWRSKH&RSSHQVKDELOOHOHVERvWHV9UDLGHODPRGHDX[ERvWHVLOQ¶\
DTX¶XQSDV,OFKRLVLWGHVFRXOHXUVG¶DXWRPQHTXLDXJPHQWHQWOHGpVLUGHJR€WHUOHFRQWHQX
'pEXWpHLO\DSOXVG
XQDQFHWWHFROODERUDWLRQDYXQDvWUHXQHFROOHFWLRQpOpJDQWHHWIHVWLYH
6RXVOHVLJQHGHODPRGH&KULVWRSKH&RSSHQVDFRPELQpOHVPRWLIVHWOHVWRQDOLWpVSRXUIDLUH
YLYUHXQHOLJQHIRUWH'HX[VpULHVRQWpWpFRQoXHV%HOJLDQ&ROOHFWLRQHW2FFDVLRQV&KDFXQH
G
HOOHVFRPSUHQGGHX[PRGqOHVGHERvWHGRQWOHVFRUSVHWOHVFRXYHUFOHVVRQWLQWHUFKDQJHDEOHV
FH TXL SHUPHW KXLW FRPELQDLVRQV GLIIpUHQWHV 7RXW FRPPH GDQV XQH JDUGHUREH OH SODLVLU
FRQVLVWH j DVVHPEOHU OHV pOpPHQWV j VRQ JR€W SRXU FUpHU GH 'HSXLV VD IRQGDWLRQ HQ OD
PDUTXHDSRXUFRXWXPHG
KRQRUHUFHX[TXLFRQWULEXHQWjODUHQRPPpHGHOD%HOJLTXH'DQV
FHW HVSULW OHV pGLWLRQV OLPLWpHV GH ERvWHV HQ PpWDO UHQFRQWUHQW XQ IUDQF VXFFqV $SUqV DYRLU
LOOXVWUp+HUJp0DJULWWHRXOD)DPLOOHUR\DOHOHODEHOUHQGXQHQRXYHOOHIRLVKRPPDJHjVHV
UDFLQHV EHOJHV HW D FKRLVL &KULVWRSKH &RSSHQV OH VW\OLVWH HW FUpDWHXU EUX[HOORLV
LQWHUQDWLRQDOHPHQWFRQQX
$QQ\'LPHORZ
)RQGGHWHLQW%XUEHUU\
$YHFXQORRNVLPSOHHWpOpJDQWTXLUHSUHQGODSDOHWWHGHOD
FROOHFWLRQ %XUEHUU\ 3URUVXP
$XWRPQH+LYHU OD PDUTXH
RVH XQ QRXYHDX GpIL HW GH
QRXYHOOHV QXDQFHV ,O V¶DJLW QL
SOXV QL PRLQV GH ODQFHU XQ IRQG
GH WHLQW IOXLGH PDW ORQJXH WHQXH
DSSHOp©9HOYHW)RXQGDWLRQª6RQ
WHLQW PDW HVW LUUpSURFKDEOH DYHF
XQ ILQL YHORXUV TXL VFXOSWH OHV
SRPPHWWHV ,O DVVRFLH WH[WXUH
OpJqUH HW UHVSLUDEOH DYHF
K\GUDWDWLRQ ORQJXH GXUpH DLQVL
TX¶XQHFRQFHQWUDWLRQGHSLJPHQWV
SRXUXQPHLOOHXUHIIHWFRXYUDQW$FHODLOHVWIDFLOHjDSSOLTXHUHWjHVWRPSHU6HVFRPSRVDQWV
KXLOHX[JpOLILpVHWpODVWRPqUHGHVLOLFRQHLQQRYHQWSRXUXQILQLVRXSOHHWGLVFUHW6DIRUPXOH
UpVLVWDQWH j O
HDX HVW Oj SRXU XQH SURWHFWLRQ ORQJXH GXUpH FRQWUH OHV DJUHVVLRQV
HQYLURQQHPHQWDOHV DYHF GHV H[WUDLWV GH URVH VDXYDJH SRXU K\GUDWHU HW UpJpQpUHU OHV SHDX[
VqFKHV&{WpSUpVHQWDWLRQLOHVWFRLIIpG
XQFDSXFKRQPDWOHIODFRQHQYHUUHGpSROLUHIOqWHOD
IRUPXOHHWOHILQLGXIRQGGHWHLQW8QFDSXFKRQFRXOHXUEURQ]HRUQpGHO
HPEOpPDWLTXHPRWLI
jFDUUHDX[4XHGLUHG¶DXWUH"$KLOSURSRVHKXLWFRXOHXUVSRXUELHQV¶DGDSWHUjDGHPDQGH
3RXUSOXVG¶LQIRVFKHUFKHUTXHOTX¶XQTXLO¶DGpMjHVVD\HUHWGHPDQGHUVRQDYLV2QQHSHXW
SDVrWUHPLHX[FRQVHLOOpTXHSDUTXHOTX¶XQTXLVDLWGHTXRLLOSDUOH2VH]XQORRNG¶HQIHU«
$QQ\'LPHORZ
/DIRUPXOH1RUYpJLHQQH
3DU FH WHPSV GH IURLG 1(8752*(1$ QRXV DLGH j
OXWWHU FRQWUH OHV ULJXHXUV GH O¶KLYHU 8QH DWWHQWLRQ
SDUWLFXOLqUH HVW ODQFpH SRXU OHV PDLQV HW OD SHDX HQ
JpQpUDO 3OXVLHXUV SURGXLWV VH GpWDFKHQW GH FHWWH
JDPPHXQLTXH,O\DOHVSURGXLWVSRXUOHVPDLQVGDQV
XQ WXEH SDUIDLW DX FRQWHQX RQFWXHX[ HW UHJpQpUDQW ,O
VXIILWG¶XQSHXGHSRPPDGHHWYRXVYRLOjK\GUDWpSRXU
DXPRLQVYLQJWTXDWUHKHXUHV&¶HVWIDFLOHVDQV HIIRUW
HW WHOOHPHQW SUDWLTXH &HWWH IRUPXOH FRQWLHQW GH OD
JO\FpULQH FRQFHQWUpH GpFRXYHUWH DX ;,;H VLqFOH 2Q
QH OH VDLW SDV DVVH] PDLV HOOH HVW UpJXOLqUHPHQW
LPSOLTXpHGDQVODFRPSRVDQWHGHVFRVPpWLTXHV$XWUHXQDVSHFWK\GUDWDQWFHSURGXLWVRXODJH
OHVGRXOHXUVHWUpSDUHOHVPDLQVDEvPpHV3RXUFHX[TXLOHVRXKDLWHQWLOH[LVWHXQHYHUVLRQQRQ
SDUIXPpHGXPrPHSURGXLW$FHODFHWWHFUqPHSHUPHWXQHDSSOLFDWLRQORFDOHVXUOHVILVVXUHV
HW OHV FUHYDVVHV MRXDQW SDU Oj XQ U{OH UpSDUDWHXU TXL Q¶HVW SOXV j SURXYHU 'HV UpVXOWDV VRQW
YLVLEOHVDSUqVXQHMRXUQpHGHVRLQV4XDQWDXFRUSVLOVHYRLWSURSRVHUXQEDXPHLQWHQVHTXL
pOLPLQH OHV LPSUHVVLRQV GH GpPDQJHDLVRQV HW OHV VHQVDWLRQV G¶LQFRQIRUW %UHI
1(8752*(1$HVWOHSDUWHQDLUHLGpDOSRXUDLGHUjVXUPRQWHUO¶KLYHUVDQVOHPRLQGUHPDOGX
PDO HQ OLPLWDQW OHV GpJkWV GX IURLG « HW GH SDVVHU DX[ EHOOHV FKRVHV DYHF OH SULQWHPSV HQ
OLJQHGHPLUHGHPDLHWG¶DYULO$SUqVODSOXLHOHEHDXWHPSV0LHX[TX¶XQGLFWRQ
$QQ\'LPHORZ
*LDG¶2U
/pRQLGDV j OD IrWH 3RXU OD IDPLOOH HW OHV DPLV OH
FKRFRODWURLGHVSUDOLQHVGRQQHUHQGH]YRXVjWRXV
DXWRXU GX VDSLQ /¶RFFDVLRQ GH V¶pFKDQJHU XQ
FDGHDX SUpFLHX[ HW GH OH GpJXVWHU HQ VHUUDQW GDQV
OHVEUDVOHVXQVGHVDXWUHV/DFKDOHXUGXFKRFRODW
UpFKDXIIH OHV F°XUV HW O¶DWPRVSKqUH G¶DPLV HQILQ
UDVVHPEOpV SRXU OD 1DWLYLWp RX SRXU SDVVHU OH FDS
GHO¶DQQHXI&HWWHIRLVODPDUTXHSURSRVHVDVpULH
EDSWLVpH *LD G¶RU 6RLW WURLV YDULpWpV HPEDOOpHV
GDQV XQ HPEDOODJH GRUp GX SOXV EHO HIIHW SRXU OH
JR€W*LDQGXMDGDQVXQSDSLHUGRUpSRXUODVDYHXU
*LDQWLQD GDQV XQ SDSLHU FXLYUp HW GDQV XQ
HPEDOODJHDUJHQWpSRXUOD*LDPDQGD&KDTXHJR€W
SRVVqGH XQH SHUVRQQDOLWp SURSUH DYHF XQH VDYHXU
UHOHYpH &HWWH VpULH HVW PDOKHXUHXVHPHQW
WHPSRUDLUHHWQHVHUDGLVSRQLEOHTX¶DXPRPHQWGHV
IrWHV $XVVL QH SDV \ JR€WHU ULVTXH GH GHYHQLU XQ UHJUHW &KDTXH ERXFKpH D TXHOTXH FKRVH
G¶XQLTXH /¶RQFWXRVLWp GH FKDTXH SUDOLQH IRQG OLWWpUDOHPHQW GDQV OD ERXFKH SRXU OH SODLVLU
%UHI XQ WUpVRU GH FKRFRODWHULH DYHF WRXW FH TX¶LO IDXW SRXU HQWKRXVLDVPHU HW SURFXUHU GX
ERQKHXULQWHQVH
$QQ\'LPHORZ
/(;21
7$.(
7,0(
/DPRQWUHGH
WRXWHVOHVFRXOHXUV
SDVVHSDUWRXWTXL
V¶DGDSWHjWRXWHVOHV
VLWXDWLRQV
-Q-R\
/D FROOHFWLRQ pWDLW PL[WH MXVTX
j O
KLYHU GHUQLHU
$XMRXUG
KXL OHV SHWLWHV ILOOHV HW DGROHVFHQWHV RQW
GURLWjOHXUVSURSUHVPRGqOHVXQ]HVWHSOXVJLUO\TXH
FHX[ GHV -Q-R\ ER\V /HV SRORV HW OHV VZHDWV
DUERUHQW GHV FRXSHV SUqV GX FRUSV HW GHV VWUDVV TXL
VRXOLJQHQW DYHF pFODW OHV ORJRV HW OHV GLIIpUHQWV
SULQWV
6ZHHW(QIDQF\%HORYHG
2OG6FKRRO
&RWWRQ
3DVVHSRUW
9HUGLFW WURS PLJQRQ WURS NDZDL /HV
JDUoRQV Q
RQW SDV j rWUH MDORX[-Q-R\ OHXU RIIUHOD
SULRULWp SRXU OHV MHDQV $YHF XQH FRXSH XQLTXH HW
WURLV SLqFHV SHUPHWWDQW G
DVVXUHU F{Wp ORRN /H
VXFFqV JUDQGLVVDQW j FKDTXH VDLVRQ OH FUpDWHXU GH
-Q-R\ 3LHUUH +DPEOHQQH D FRQILp j OD MHXQH
VW\OLVWH $XURUH 6FKLSHUV OD PLVVLRQ G
DJUDQGLU OH
YHVWLDLUH GHV OLJQHV KRPPH IHPPH HW HQIDQW /HV
LQFRQWRXUQDEOHV SRORV VZHDWV ERG\ZDUPHUV HW
SHWLWHV YHVWHV PDWHODVVpHV VH FRPSOqWHQW GH
QRXYHDX[ pOpPHQWV LUUpVLVWLEOHV GH ERQQH KXPHXU
IDVKLRQ /D PDUTXH EHOJH QpH G
XQH VDFUpH GRVH
G
RSWLPLVPH HW G
XQ UHYLYDO GX SROR IDLW DX
FRQWUDLUH OH SDUL GH UpFKDXIIHU O
KLYHU HQ FRXOHXUV /XPLQHXVHV FKDOHXUHXVHV IUXLWpHV
WRQLTXHVWRXWHVOHVQXDQFHVGHODMRLHGHYLYUH
GpILOHQW VRXV OH FpOqEUH ORJR -Q-R\ TXL
HVWDPSLOOH GHV YrWHPHQWV VSRUWLIV HW FODVVLTXHV
DOOLDQW DOOXUH WUHQG\ FRQIRUW GpWDLOV VRLJQpV
TXDOLWp LUUpSURFKDEOH EHOOHV PDWLqUHV HW SUL[
DFFHVVLEOHV $ GpFRXYULU HQ %HOJLTXH HW j
O
pWUDQJHU GDQV SOXV GH SRLQWV GH YHQWH /H
FDWDORJXH Q¶RXEOLH SHUVRQQH +RPPHV IHPPHV
HW HQIDQWV 3UqV GX FRUSV JDOEpV HW FLQWUpV OHV
PRGqOHV IpPLQLQV GH FHW KLYHU VRXOLJQHQW OD
WDLOOHHWGRQQHQWjODVLOKRXHWWHXQF{WpVPDUWUHOD[HQDGRSWDQWjODIRLVOHPROOHWRQGHFRWRQ
HWOHVpFXVVRQVGHVpFROHVSULYpHVDQJODLVHV5RXJHKLELVFXVRXJULVDQWKUDFLWH"/HFKRL[VHUD
FRPSOLTXp$XWUHVLJQHSUpGLVDQWO
pYROXWLRQWRXWHHQEHDXWpGHVVDLVRQVIXWXUHVOHVFDSXFKHV
VRQW GpVRUPDLV RXUOpHV GH IRXUUXUH 3RXU OHV
SHWLWV HW OHV JUDQGV OHV FRXOHXUV UHVWHQW
PL[WHV 6XU OH SODQ pWKLTXH -Q-R\ QH
SUDWLTXH SDV VHXOHPHQW OD JpQpURVLWp GHV
FRXOHXUV HOOH VH YHXW JpQpUHXVH DXVVL HQ
DLGDQW OHV HQIDQWV LQGLHQV j DFFpGHU j XQH
PHLOOHXUHpGXFDWLRQ6DIRQGDWLRQVRXWLHQWXQ
SURJUDPPHGHVFRODULVDWLRQHQ,QGHFKDTXH
YHQWH GH SROR SHUPHW GH ILQDQFHU GHV pFROHV
PRELOHV GDQV OHV YLOODJHV -Q-R\ HVW ILqUH
G
rWUH OD SUHPLqUH 30( EHOJH j DYRLU UHoX
O
DSSUREDWLRQ GH OD )RQGDWLRQ 5RL %DXGRXLQ
SRXUVRQHQJDJHPHQWKXPDQLWDLUH
$QQ\'LPHORZ
&$1$5''8&+(1(
/HV ERLVVRQV GH ERXFKH TXL
WRXFKHQW j O¶H[FHOOHQFH VRQW
UDUHVFKH]QRXV$ORUVTXDQGRQ
WLHQW XQ ODEHO GLJQH GH FH QRP
RQ HQ SURILWH SRXU HQ IDLUH OD
SXEOLFLWp ,FL WRXW HVW ERQ HW OH
SDODLVVDWLVIDLW2QDpWpMXVTX¶j
DIILUPHU TXH FHWWH ERXWHLOOH HVW
XQQHFWDUHWXQHGHVERLVVRQVGH
IrWH (Q WRXWH ORJLTXH LO
LPSRUWH GH JR€WHU FH TXL VH IDLW
GH PLHX[ HQ PDWLqUH GH
FKDPSDJQH &KRVH LGpDOH HQ
FHWWH SpULRGH TXL SUpOXGH DX[
IrWHV GH ILQ G¶DQQpH HW
V\QRQ\PH GH VRLUpHV HQWUH
FRQYLYHV RX DYHF OD IDPLOOH
3HWLW SOXV 'HX[ ERXWHLOOHV
DFKHWpHV HQ FHWWH SpULRGH GRQQHURQW GURLW j XQH WURLVLqPH JUDWXLWH
8Q FDGHDX QRQ QpJOLJHDEOH HQ FHWWH SpULRGH GH FULVH R PrPH OHV
ULFKHVRQWDSSULVjFRPSWHU3RXUVHSURFXUHUFHWWHRIIUHLOVXIILWGH
VH UHQGUH GDQV OHV &DUUHIRXU 3ODQHW +\SHU HW 0DUNHW DLQVL TXH FKH] PDWFK &KDPSLRQ HW
0HVWGDJK/DFXYpH$XWKHQWLTXH%UXWHVWYHQGXHDXSUL[GH¼'HVFRXSHVSpWLOODQWHV
TXLGHYUDLHQWIDLUHXQHIIHWE°XIORUVGHVGHX[UpYHLOORQVRXHQWrWHjWrWHDYHFYRWUHWHQGUHHW
GRXFH$WWHQWLRQOHFRIIUHWVHUDGLVSRQLEOHFKH]&DUUHIRXUGXUDQWWRXWOHPRLVGHGpFHPEUHDX
SUL[ H[FHSWLRQQHO GH ¼ (QFRUH XQH PDQLqUH G¶HIIHFWXHU GHV pFRQRPLHV HQ GpSHQVDQW
PDOLQHWHQVHIDLVDQWGHJURVSODLVLUV
$QQ\'LPHORZ
9$/52+1$HVW OH URL GHV FKRFRODWV JRXUPDQGV
,PSRVVLEOH GH O¶LJQRUHU 1RsO HW 1RXYHO DQ DSSURFKHQW j
JUDQGVSDV/¶RFFDVLRQGHELHQUHFHYRLUDPLVHWIDPLOOHHWGH
VH UpXQLU DXWRXU G¶XQ UHSDV JRXUPDQG DYDQW RX DSUqV OHV
PLJQDUGLVHV 'DQV FHW RUGUH G¶LGpH SRXUTXRL QH SDV JkWHU
YRV SURFKHV DYHF GH GpOLFLHX[ FKRFRODWV RULJLQDX[3RXU OHV
IrWHV OD PDUTXH ODQFH XQ FKRFRODW VXSHU DPHU TXL VH
FDUDFWpULVH SDU VRQ H[FHOOHQFH &HWWH SDVVLRQ VH WURXYH j OD
VRXUFH GX VDYRLUIDLUH GHV DUWLVDQV HW GDQV OD VpOHFWLRQ GH
IqYHV GH FDFDR SXUH &Upp SRXU OHV SkWLVVLHUV G¶pOLWH LO
EpQpILFLHG¶XQHPEDOODJHVSpFLDOHWG¶XQPDJQLILTXHORJRGRUp,OVXIILWGHOHJOLVVHUVRXVOD
ODQJXHHWGHOHODLVVHUIRQGUHSRXUVHPHWWUHHQDFFRUGDYHFVRL7RXWVLPSOHPHQWGpOLFLHX[
/DILUPHV¶HQJDJHDXVVLjDJLUHQVHVHQWDQWUHVSRQVDEOHGXVXFFqVGHO¶HQWUHSULVHWDQWGDQVOH
GRPDLQHGXUHVSHFWGXGURLWGHVWUDYDLOOHXUVTXH GDQVOHGRPDLQHGHV5HVVRXUFHVQDWXUHOOHV
'HSXLVFHFKRFRODWHVWVXUOHVWDEOHVDYHFXQERQKHXUFURLVVDQW/HVDPDWHXUVVDYHQWFH
TX¶HVWXQERQHWYUDLFKRFRODW5LHQjYRLUDYHFOHVHUVDW]YHQGXVFRPPHSURGXLWVQREOHV'X
SXUGXYUDL
$QQ\'LPHORZ