40$*&5®*5"-*"/"
%*(*/&$0-0(*"
&045&53*$*"
&RPHSUHYHQLUHHDIIURQWDUHOD
GHSUHVVLRQHSRVWSDUWXP
4XHVWRRSXVFRORqSHQVDWRSHU
HVVHUHG·DLXWRDWXWWHOHGRQQHFKH
KDQQRSDUWRULWRRDVSHWWDQR
,QGLFH
XQEDPELQR1RQSHQVDUH
/DGHSUHVVLRQH
SRVWSDUWXPFKHFRV·q
FKHLOSUREOHPDQRQWL
&RPHULFRQRVFHUOD
ULJXDUGLODGHSUHVVLRQH
/HFDXVH
SRVWSDUWXPqXQ
SUREOHPDSL
GLIIXVRGLTXDQWR
,ULVFKLSHUODPDPPDHLOEDPELQR
&RPHDIIURQWDUH
ODGHSUHVVLRQHSRVWSDUWXP
VLSHQVLHFRQRVFHUOD
qLOSULPRSDVVRSHU
ULXVFLUH
DGDIIURQWDUOD
/·RSXVFRORqUHDOL]]DWRQHOO·DPELWRGHOODFDPSDJQDGL
VHQVLELOL]]D]LRQH1RQ/DVFLDPROH6ROHSURPRVVDGDOOD
6RFLHWj,WDOLDQDGL*LQHFRORJLDH2VWHWULFLD6,*2
/DGHSUHVVLRQHSRVWSDUWXP
FKHFRVµq
/DGHSUHVVLRQHSRVWSDUWXPqXQDYHUDHSURSULDFRQGL]LRQHSDWRORJLFD
FKHVHFRQGRODOHWWHUDWXUDFROSLVFHQHLSDHVLRFFLGHQWDOLFLUFDLO
GHOOHGRQQHËSLIUHTXHQWHLQVHJXLWRDOODQDVFLWDGHOSULPRILJOLRHVLSXz
SUHVHQWDUHILQGDOOHSULPHVHWWLPDQHGRSRLOSDUWRRQHLPHVLVXFFHVVLYL
)RUWXQDWDPHQWHTXHVWRSUREOHPDRSSRUWXQDPHQWHWUDWWDWRSXzHVVHUH
ULVROWRFRPSOHWDPHQWHLQWHPSLEUHYL
,VLQWRPLVRQRGLYHUVLHVSHVVRQRQYHQJRQR
LQWHUSUHWDWLFRUUHWWDPHQWH,SLIUHTXHQWLVRQR
‡LQVWDELOLWjRVEDO]LHPRWLYL
‡IDFLOLWjDOSLDQWR
‡PDQFDQ]DGLHQHUJLH
‡VHQVRGLLQDGHJXDWH]]DHSHQVLHULSHVVLPLVWLFL
‡GXEELHWLPRULFLUFDOHFDSDFLWjGLSUHQGHUVLFXUDGHO
EDPELQR
‡VHQWLPHQWLDPELYDOHQWLYHUVRLOEDPELQR
‡VHQVRGLFROSD
‡DQVLD
‡VHQWLUVLSULYHGLYDORUH
‡GLVWXUELGHOVRQQRHGHOO·DOLPHQWD]LRQH
‡SDXUDGHLFRQWDWWLHVWHUQLFKLXVXUD
‡SHUGLWDGLLQWHUHVVHVHVVXDOH
‡SHQVLHULIUHTXHQWLVXOODPRUWHHDYROWHVXOVXLFLGLR
/DGHSUHVVLRQHSRVWSDUWXPQRQYDFRQIXVDFRQLO
PDWHUQLW\EOXHVREDE\EOXHVHQHOOHFRQGL]LRQLSL
JUDYLSXzGHJHQHUDUHLQSVLFRVLSRVWSDUWXP
,OPDWHUQLW\REDE\EOXHVqXQSHULRGRWUDQVLWRULR
PROWRIUHTXHQWHORVSHULPHQWDFLUFDO·
GHOOHGRQQH6LWUDWWDGLXQPRPHQWRILVLRORJLFR
FDUDWWHUL]]DWRGDXQ·DOWDLQVWDELOLWjHPRWLYDWLSLFR
GHOOHSULPHGXHVHWWLPDQHGRSRLOSDUWRHFKHVL
HVDXULVFHLQJHQHUHQHOJLURGLSRFKLJLRUQL$QFKH
LOPDWHUQLW\EOXHVVLSUHVHQWDFRQWULVWH]]DFULVLGL
SLDQWRVWDQFKH]]DLUULWDELOLWjDQVLDQHLFRQIURQWL
GHOEDPELQRHVHQVRGLLQDGHJXDWH]]DSHUzTXHVWL
VHQWLPHQWLQRQSHUPDQJRQRSHUO·LQWHUDJLRUQDWDPD
FRPSDLRQRDLQWHUPLWWHQ]D'LVROLWRTXHVWRGLVWXUER
VLULVROYHQHOO·DUFRGLXQSDLRGLVHWWLPDQHVHQ]D
QHFHVVLWjGLDOFXQWUDWWDPHQWR
/DSVLFRVLSRVWSDUWXPFKHULFKLHGH
XQLPPHGLDWRLQWHUYHQWRSVLFKLDWULFR
qLQYHFHXQDFRQGL]LRQHSDWRORJLFDSL
JUDYHHIRUWXQDWDPHQWHSLUDUDGHOOD
GHSUHVVLRQHFLUFDFDVRRJQL
QDVFLWH/HGRQQHFRQSVLFRVL
SRVWSDUWXPSUHVHQWDQRXPRUH
HFRPSRUWDPHQWLJUDYHPHQWH
GLVWXUEDWLHLQJHQHUH
FRQIXVLRQHDJLWD]LRQH
DOOXFLQD]LRQL
GLVRUJDQL]]D]LRQH
HVWUHPDHSXOVLRQL
LQIDQWLFLGH
&RPH
ULFRQRVFHUOD
6HKDLSDUWRULWRGDSRFR
HWHPLFKHLVHQWLPHQWL
HOHVHQVD]LRQLFKHVWDL
VSHULPHQWDQGRQRQVLDQR
´QRUPDOLµHVLVWHXQR
VWUXPHQWRVHPSOLFHFKH
WLSXzDLXWDUHDFDSLUH
VHODWXDVLWXD]LRQHSXz
HVVHUHFRQVLGHUDWD´D
ULVFKLRµ6LFKLDPD6FDOD
GL(GLPEXUJRËLOWHVWSL
DFFUHGLWDWRGDOSXQWRGL
YLVWDVFLHQWLILFRHGKDLO
YDQWDJJLRGLHVVHUHPROWR
VHPSOLFHSXRLULVSRQGHUH
DQFKHGDVROD6LWUDWWD
GLEDUUDUHODULVSRVWDFKH
PHJOLRFRUULVSRQGHDOWXR
VWDWRG·DQLPRGHOO·XOWLPD
VHWWLPDQDHVRPPDUHLO
SXQWHJJLR
6HLOSXQWHJJLRq
VXSHULRUHDSXzHVVHUH
RSSRUWXQRULYROJHUVL
DGXQRVSHFLDOLVWDH
QRQWUDVFXUDUHTXHVWD
VHQVD]LRQHGLPDOHVVHUH
4XHVWRQRQVLJQLILFDFKH
WXVLDGHSUHVVDRVLD
GHVWLQDWDDGLYHQWDUOR
6RQRVWDWDLQJUDGRGLULGHUHHYHGHUHLOODWRGLYHUWHQWHGHOOHFRVH
FRPHKRIDWWRVHPSUH
QRQSURSULRFRPHDOVROLWR
DVVROXWDPHQWHPHQRGHOVROLWR
QRSHUQLHQWH
0LVRQRSRVWDLQPRGRSRVLWLYRYHUVRJOLDOWUL
FRPHDOVROLWR
XQSR·PHQRGHOVROLWR
DVVROXWDPHQWHPHQRGHOVROLWR
QRSHUQLHQWH
0LVRQRVHQWLWDFROSHYROHVHQ]DPRWLYRTXDQGROHFRVHQRQDQGDYDQREHQH
VuODPDJJLRUSDUWHGHOOHYROWH
VLDOFXQHYROWH
QRQPROWRVSHVVR
QRPDL
6RQRGLYHQWDWDDQVLRVDRSUHRFFXSDWDVHQ]DPRWLYR
QRSHUQLHQWH
VLWDOYROWD
TXDVLPDL
VLPROWRVSHVVR
0LVRQRVHQWLWDVSDYHQWDWDRQHOSDQLFRVHQ]DXQEXRQPRWLYR
VLVSHVVR
QRQRQPROWR
VLTXDOFKHYROWD
QRPDL
0LVRQRVHQWLWDVRSUDIIDWWDGDOOHFRVHFKHDFFDGHYDQR
VuLOSLGHOOHYROWHQRQVRQRLQJUDGRGLDIIURQWDUOH
VuWDOYROWDQRQOHDIIURQWREHQHFRPHDOVROLWR
QRLOSLGHOOHYROWHOHKRDIIURQWDWHSLXWWRVWREHQH
QROHKRDIIURQWDWHEHQHFRPHVHPSUH
6RQRFRVuLQIHOLFHFKHKRGLIILFROWjDGRUPLUH
VuODPDJJLRUSDUWHGHOOHYROWH
QRQPROWRVSHVVR
VuTXDOFKHYROWD
PDL
0LVRQRVHQWLWDWULVWHRDYYLOLWD
VLODPDJJLRUSDUWHGHOOHYROWH
QRQPROWRVSHVVR
VuSLXWWRVWRIUHTXHQWHPHQWH
PDL
6RQRFRVuLQIHOLFHFKHKRSLDQWR
VuODPDJJLRUSDUWHGHOOHYROWH
VRORRFFDVLRQDOPHQWH
VuSLXWWRVWRIUHTXHQWHPHQWH
PDL
,OSHQVLHURGLIDUPLGHOPDOHPLqYHQXWRLQPHQWH
VuDEEDVWDQ]DVSHVVR
TXDVLPDL
TXDOFKHYROWD
PDL
/HFDXVH
1RQVLFRQRVFRQROHFDXVHVFDWHQDQWLGHOODGHSUHVVLRQHSRVWSDUWXPPD
qQRWRFKHHVLVWRQRIDWWRULGLULVFKLRELRORJLFLSVLFRORJLFLHDPELHQWDOLFKH
SRVVRQRUHQGHUHODGRQQDSLYXOQHUDELOH
‡HSLVRGLGLDQVLDRGHSUHVVLRQHGXUDQWHODJUDYLGDQ]D
‡VWRULDSHUVRQDOHRIDPLOLDUHGLGHSUHVVLRQH
‡HYHQWLWUDXPDWLFLQHOO
XOWLPRDQQROXWWL
‡FRQIOLWWLSUREOHPLUHOD]LRQDOLFRQLOSDUWQHU
‡LVRODPHQWRVRFLDOHRFRQGL]LRQLVRFLRHFRQRPLFKHVIDYRUHYROL
‡VWRULDGLVLQGURPHSUHPHVWUXDOHRGLVWXUERGLVIRULFR
SUHPHVWUXDOH
‡SUHFHGHQWLHSLVRGLGLGHSUHVVLRQHSRVWSDUWXP
‡GLVWXUELGHOODIXQ]LRQDOLWjWLURLGHD
‡JLRYDQHHWjQHOOHQHRPDPPHDGROHVFHQWLLOULVFKLRGL'3
VDOHGDODO
‡FRQGL]LRQHGLUDJD]]DPDGUH
‡VROLWXGLQHRFRPXQTXHVUDGLFDPHQWRULVSHWWRDOODIDPLJOLD
GLRULJLQH
‡DEXVRGLVRVWDQ]H
,QJHQHUHODFRQGL]LRQHGLGHSUHVVLRQHVLVYLOXSSDGDOO·LQWHUD]LRQHIUDGXHR
SLGLTXHVWLIDWWRUL
/·LQVRQQLDLSUREOHPLGHOVRQQRVRQRXQLPSRUWDQWHFDPSDQHOOR
G·DOODUPH(VLVWRQRVWXGLFKHGLPRVWUDQRO·LPSRUWDQ]DGHOVRQQRFRPH
UHVSRQVDELOHGHLGLVWXUELGHOO·XPRUH&KLHGLDOWXRJLQHFRORJRFRQVLJOLH
LVWUX]LRQLSHUO·DOODWWDPHQWRQRWWXUQR
6HVLULVFRQWUDQRDOFXQLVLQWRPLFDUDWWHULVWLFLHVLqLQSUHVHQ]DGLXQRRSL
IDWWRULGLULVFKLRqRSSRUWXQRULYROJHUVLFRQWHPSHVWLYLWjDOSURSULRPHGLFRGL
IDPLJOLDRJLQHFRORJRLOTXDOHYDOXWHUjODVLWXD]LRQHHSUHVFULYHUjDOODSD]LHQWH
ODWHUDSLDULWHQXWDSLLGRQHD,SRVVLELOLWUDWWDPHQWLYDULDQRLQUHOD]LRQHDOOD
JUDYLWjGHLVLQWRPLHDOOHFRQGL]LRQLILVLFKHGHOODGRQQD
,ULVFKLSHUODPDPPDHLOEDPELQR
/DGHSUHVVLRQHSRVWSDUWXPVSHVVRYLHQHGLDJQRVWLFDWDWDUGLYDPHQWH
/HFDXVHGLTXHVWRULWDUGRVRQRVRSUDWWXWWR
‡VFRUUHWWDLQWHUSUHWD]LRQHGHLVLQWRPLGDSDUWHGHOODGRQQD
HGLFKLOHYLYHYLFLQR
‡QHJD]LRQHGHOSUREOHPDGDSDUWHGHOODGRQQD
‡ULILXWRGLSDUODUHGHOSUREOHPDSHUYHUJRJQDRVHQVR
GLFROSD
8QDGLDJQRVLWDUGLYDRPDQFDWDR
XQWUDWWDPHQWRLQDGHJXDWRSRVVRQR
HVSRUUHODGRQQDDOULVFKLRGL
GHSUHVVLRQHULFRUUHQWHHGDXPHQWDQR
HVSRQHQ]LDOPHQWHOHSRVVLELOL
ULSHUFXVVLRQLQHJDWLYHVXOOD
UHOD]LRQHFRQLOEDPELQR
,QSDUWLFRODUHVHLOWUDWWDPHQWRDYYLHQHLQULWDUGRDXPHQWDLOULVFKLRGL
‡UHFXSHURLQFRPSOHWRHFRQXQDSURJQRVLPHQRIDYRUHYROH
‡SRVVLELOLULFDGXWH
‡GLVWXUELQHOORVYLOXSSRSVLFRVRFLDOHHDIIHWWLYRGHOEDPELQR
‡DXPHQWRGHOODFRQIOLWWXDOLWjIDPLOLDUH
‡FRPSURPLVVLRQHGHOODUHOD]LRQHPDGUHEDPELQR
‡DEXVRGLVRVWDQ]H
/HSLJUDYLFRQVHJXHQ]HGHOODGHSUHVVLRQHVLPDQLIHVWDQRLQVFDUVH
FXUHYHUVRLOEDPELQRFRQXQDXPHQWRGHOULVFKLRGLFRPSRUWDPHQWL
LPSXOVLYLRSRWHQ]LDOPHQWHDXWROHVLYLLO´)HWDODEXVHµRDGGLULWWXUD
LOQHRQDWLFLGLR,QSDUWLFRODUHODIUXVWUD]LRQHGHOELVRJQRGL
DWWDFFDPHQWRGHOQHRQDWRLQGHEROLVFHODFRVWUX]LRQHGHOODVXD
SHUVRQDOLWjHYLHQHFRPSURPHVVRDQFKHO·DSSUHQGLPHQWRGHO
´OLQJXDJJLRDIIHWWLYRµGHOEDPELQR
/DGHSUHVVLRQHSRVWSDUWXPLQYHFHVHWUDWWDWD
LQPRGRDGHJXDWRUHJUHGLVFHHJXDULVFH
FRPSOHWDPHQWH
&RPHDIIURQWDUH
ODGHSUHVVLRQHSRVWSDUWXP
/DGHSUHVVLRQHSRVWSDUWXPRULJLQDGDOODLQWHUD]LRQHIUDIDWWRULELRORJLFL
SVLFRORJLFLHDPELHQWDOLQRQHVLVWHTXLQGLXQ·XQLFDPRGDOLWjGLWUDWWDPHQWR
YDOLGDSHUWXWWHOHGRQQHPDELVRJQDVFHJOLHUHXQDSSURFFLRSHUVRQDOL]]DWR
3UREDELOPHQWHLOWUDWWDPHQWRSLHIILFDFHqTXHOORPXOWLIDWWRULDOHFKHDEELQD
HOHPHQWLSVLFRORJLFLHELRORJLFL
3HUOHIRUPHOLHYLRPHGLHVRQRLQGLFDWLWUDWWDPHQWLSVLFRORJLFLFRXQVHOOLQJ
LQGLYLGXDOHSVLFRWHUDSLDLQGLYLGXDOHRGLFRSSLDWHUDSLDGLJUXSSRSHUTXHOOH
SLJUDYLSXzHVVHUHLQYHFHQHFHVVDULRXQLQWHUYHQWRIDUPDFRORJLFR
5LYROJLWLFRQILGXFLDDOWXRPHGLFRGLIDPLJOLDRDOWXR
JLQHFRORJRFKHVDSUjLQGLYLGXDUHODVROX]LRQH
SLDGDWWDDOWXRFDVR
(FFRDOFXQLFRQVLJOLSUDWLFL
SHUFKLVWDVSHULPHQWDQGRXQDFRQGL]LRQH
GLGLIILFROWjLQVHJXLWRDOSDUWR
‡3DUODUQH&RQIURQWDUVLFRQDOWUHPDPPHFRQLOFRPSDJQR
FRQDPLFLHIDPLOLDULRFRQLOPHGLFRSXzDLXWDUHDYLYHUHLO
SURSULRVWDWRG·DQLPRLQPDQLHUDGLYHUVDHDQRQVHQWLUVL
VROH
‡)DUVLDLXWDUH/DVFLDUHFKHDPLFLHSDUHQWLGLDQRXQDPDQR
QHOODJHVWLRQHGHOODFDVDHGHOEDPELQR)DUVLDLXWDUHQHL
ODYRULGRPHVWLFLHFRQGLYLGHUHLOSLSRVVLELOHODFXUDGHO
EDPELQRFRQLOSDGUH
‡5LFDYDUHGHJOLVSD]LSHUVp3HUXQDQHRPDPPDSXz
VHPEUDUHLPSRVVLELOHPDFLVLSRVVRQRULFDYDUHGHLPRPHQWL
SHUVpPDJDULPHQWUHLOEDPELQRGRUPH'HGLFDUHDQFKH
VRORSRFKLPLQXWLDOJLRUQRDGDWWLYLWjFKHVLDQRJUDWLILFDQWL
OHJJHUHFROWLYDUHLOQRVWURKREE\IDUHXQEDJQRULSRVDUVL
‡)DUHDWWLYLWjILVLFD$SSURILWWDUHGHOOHRFFDVLRQLGL
PRYLPHQWRRIIHUWHGDOODYLWDTXRWLGLDQDIDUHOHVFDOHSRUWDUH
LOEDPELQRDVSDVVRHFF/·DWWLYLWjILVLFDVRSUDWWXWWRVH
DOO·DULDDSHUWDFRQWULEXLVFHDPLJOLRUDUHODVHQVD]LRQHGL
EHQHVVHUH
‡0DQJLDUHEHQHHLQPDQLHUDVDQD6FHJOLHUHDOLPHQWL
VDOXWDULIUXWWDFHUHDOLYHUGXUDHOLPLWDUHLOFRQVXPRGL
FDIIHLQDDOFROJUDVVLH]XFFKHUL
‡7HQHUHXQGLDULR0HWWHUHSHULVFULWWROHSURSULHVHQVD]LRQL
SXzHVVHUHXQDPDQLHUDHIILFDFHGL´VFDULFDUVLµ5LOHJJHUH
DSRVWHULRULLSURSULSHQVLHULqLQROWUHXQRWWLPRPRGRSHU
IRFDOL]]DUHLSURJUHVVLFRPSLXWL
‡3RUVLXQVRORRELHWWLYRSHURJQLJLRUQDWD8QDGHOOH
VHQVD]LRQLSLGLIIXVHqTXHOODGL´QRQULXVFLUHDFRPELQDUH
QXOODµËQRUPDOHVHQWLUVLVRSUDIIDWWLGDOOHUHVSRQVDELOLWjH
GDLWDQWLQXRYLLPSHJQL&LYXROHLQHYLWDELOPHQWHGHOWHPSR
SHUDGDWWDUVLDLFDPELDPHQWLFKHXQILJOLRFRPSRUWD
‡&HUFDUHGLPDQWHQHUHLOFRQWDWWRFRQLOEDPELQR'HGLFDUH
LOJLXVWRWHPSRHGDWWHQ]LRQHDOO·DOODWWDPHQWRVFHJOLHUHXQ
SRVWRWUDQTXLOORFHUFDUHGLULODVVDUVLHGLJRGHUHGHOFRQWDWWR
FRQLOEDPELQRJXDUGDQGRORQHJOLRFFKL*OLVWHVVLFRQVLJOL
YDOJRQRDQFKHVHQRQVLDOODWWDDOVHQR3UHQGHUHVSHVVRLQ
EUDFFLRLOEDPELQRHSDUODUJOLGROFHPHQWHGHGLFDUHODJLXVWD
DWWHQ]LRQHDOVXRULSRVRROWUHFKHDOQRVWUR
40$*&5®*5"-*"/"
%*(*/&$0-0(*"
&045&53*$*"
7JBEFJ4PMEBUJ
3PNB
5FM
5FMGBY
GFEFSB[JPOF!TJHPJU
5HDOL]]D]LRQH
*OUFSNFEJB
7HO
)D[
LQWHUPHGLD#LQWHUPHGLDQHZVLW
Scarica

Visualizza PDF