GHSUHFMRQXMąFVWDQRZLVNDZREHFQLFKNU\W\F]QH DNWDVSUDZ\RV\JQ>@N   QDáDPDFK PLHVLĊF]QLNDQU]OLSFDVLHUSQLDURNXXND]DáVLĊDUW\NXá]DW\WXáRZDQ\©.RUHVSRQGHQFMD] $PEDVDG\.5/'ªSRĞZLĊFRQ\.RUHDĔVNLHM5HSXEOLFH/XGRZR'HPRNUDW\F]QHM:MHJRWUHĞFLZVSRVyE EH]NU\W\F]Q\JORU\ILNRZDQRSU]\ZyGFĊWHJRNUDMX.LP']RQJ,OD$UW\NXáPLDáFKDUDNWHUMHGQR]QDF]QLH SURSDJDQGRZ\SU]\SUDNW\F]Q\PEUDNXZHU\ILNRZDOQ\FKGDQ\FK]DZLHUDáQDWáRNHSLWHWyZ Z\FKZDODMąF\FKFHFK\FKDUDNWHUXLVSRVyESURZDG]HQLDSROLW\NL.LP-RQJ,ODDWDNĪHSDQXMąFąZW\P NUDMXV\WXDFMĊVSRáHF]QRJRVSRGDUF]ą1DSLVDQRRQLPPLQ©MHJRSROLW\F]QDILOR]RILD]DZLHUDVLĊZMHJR VDPRG]LHOQRĞFLGREURFLLSDWULRW\]PLH  GREURüMHJRZV]HFKVWURQQHMSROLW\NLREGDURZXMHF]XáRĞFLąL ]DXIDQLHPPDV\OXGRZHMHJRSDWULRW\]PXUHDOQLDUR]ZyMLGDMHQDG]LHMĊQDSRQRZQH]MHGQRF]HQLHQDURGX  F]\QL.RUHĊVLáąSROLW\F]QąQDMEDUG]LHMVWDELOQąSROLW\F]QLHLEH]SLHF]QąZREHFZV]HONLFKQLHSRNRMyZ QDĞZLHFLH  MHJRSROLW\ND]DEH]SLHF]DVRFMDOL]PSRSU]H]RUJDQLF]QH]ZLą]DQLH]NZHVWLDPL ZRMVNRZ\PLZRVWDWHF]QHMUR]JU\ZFH]LPSHULDOL]PHPª DNWDVSUDZ\RV\JQ>@N   ZDUW\NXOH2EDODMąFPLW\ %U]DVNQU DXWRUSU]HNRQ\ZDáĪHDNWXDOQLHEDUG]RWUXGQDV\WXDFMD JRVSRGDUF]D.RUHL3yáQRFQHMVSRZRGRZDQDMHVWZ\áąF]QLHSU]H]F]\QQLNL]HZQĊWU]QHZW\PG]LDáDQLD 86$SRGHJLGą21=D=ZLą]HN5DG]LHFNLSR,,ZRMQLHĞZLDWRZHMSRPLPRRSRUXF]\QQLNyZ LPSHULDOLVW\F]Q\FKGRSURZDG]LáGRRJURPQHJRDZDQVXF\ZLOL]DF\MQHJRZLHOXPLOLRQyZOXG]L:VND]Dá QDGWRĪHSROLW\NDJRVSRGDUF]D6WDOLQD]DNáDGDMąFDUR]EXGRZĊSU]HP\VáXLNROHNW\ZL]DFMĊUROQLFWZD]D ZV]HONąFHQĊDWDNĪHUR]ZyMDUPLLLDSDUDWXSU]\PXVXLNRQWUROLE\áDMHG\Q\PUR]VąGQ\PUR]ZLą]DQLHPZ WDPW\PF]DVLH-HMF]ĊĞFLRZHQLHSRZRG]HQLH]DĞVSRZRGRZDQHE\áRRSRUHPQDMERJDWV]\FKFKáRSyZ ZRMQąGRPRZąQDGPLHUQąELXURNUDW\]DFMąV\VWHPXLG]LDáDQLHPZURJLFKNRPXQL]PRZLSDĔVWZ DNWD VSUDZ\RV\JQ>@N   :OLSFRZ\PQXPHU]HF]DVRSLVPD©%U]DVNª]URNXRSXEOLNRZDQRDUW\NXá]DW\WXáRZDQ\©%LWZDR SU]HV]áRĞüZDONDRSU]\V]áRĞüªSRĞZLĊFRQ\RVLąJQLĊFLRPSROLW\NL=655NWyUDXPRĪOLZLáDSROHSV]HQLH E\WXPLOLRQyZOXG]L$XWRUWHNVWXMHGQR]QDF]QLHVXJHURZDáĪHWZLHUG]HQLDRRILDUDFKNRPXQL]PXL VWDOLQRZVNLPWHUURU]HWRRV]F]HUVWZDEDMNLLUH]XOWDWEXUĪXD]\MQHMSURSDJDQG\ DNWDVSUDZ\RV\JQ>@ N   :©5HIHUDFLH.RPXQLVW\F]QHM3DUWLL3ROVNLªRSXEOLNRZDQ\PQDáDPDFK©%U]DVNXª]F]HUZFD URNX]DZ]yUVWDZLDQRPDUNVLVWRZVNROHQLQRZVNąSDUWLĊNRPXQLVW\F]QąNWyUDSRNLHURZDáDUHZROXFMą URV\MVNąGDMąFGR]UR]XPLHQLDĪHVWZRU]RQ\SU]H]WąSDUWLĊXVWUyMSDQXMąF\Z=655L]DOHĪQ\PRGQLHJR ]ZLą]NXSDĔVWZVRFMDOLVW\F]Q\FKSU]\QLyVáQDMZLĊNV]\ZKLVWRULLSRVWĊSJRVSRGDUF]\VSRáHF]Q\L NXOWXUDOQ\ DNWDVSUDZ\RV\JQ>@N   :DUW\NXOH]DW\WXáRZDQ\P©8SDGHN=655DSRVWĊSªRSXEOLNRZDQ\PZPDUFXURNX DQRQLPRZ\DXWRUZ\MDĞQLDáĪHREDOHQLHXVWURMX=655E\áRFKZLORZ\PRGZURWHPUXFKHPZVWHF] RGFK\OHQLHPRG]DVDGQLF]HMWHQGHQFMLUXFKXQDSU]yG3U]\ZUyFHQLHVWRVXQNyZNDSLWDOLVW\F]Q\FKVWDQRZL ]DWHPMHG\QLHHSL]RGNWyU\ZĪDGHQVSRVyEQLHVWDQLHQDSU]HV]NRG]LHRVWDWHF]QHPX]Z\FLĊVWZX