the jere beasley report, oct. 2008
TRANSCRIPT
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8/9/2019 The Jere Beasley Report, Oct. 2008
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Dgstrgjuthd to ovhr 48,>>> sujskrgjhrs hikb eoftb
www.JhischyIcchf.koe
Oktojhr :>>2
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8/9/2019 The Jere Beasley Report, Oct. 2008
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G.
KI^GTOC
OJ[HZQITGOF[
TBHEHDGKIGDAZIXDCGTG@ITGOF
Tbh hfdorshehft jy IIZ^ aor ourof-`ogf` jittch i`igfst tbh powhraucdru` gfdustry gs hxtrhehcy geportiftifd gs ipprhkgithd.IIZ^ bis pchd`hd
tbh support oa gts ch`ic stiaa wbgkb gseost bhcpauc.Tbh dru` koepifghs irhso powhrauc pocgtgkiccy gf Pisbgf`toftbit tbhy cgthriccy jhcghvh tbhy irh ijovh
tbh ciw. Tbhy bivh bid tbhgr wiy gfjotb tbh hxhkutgvh ifd ch`gscitgvhjrifkbhs oa `ovhrfehft aor yhirs. [oehjhcghvh tbhy icso bivh trhehfdous
kcout gf tbh kourts it tbh fitgofic chvhcifd eiyjh hvhf it cokic chvhcs.Pgtbout
i doujt, gts tgeh aor tbh gfthrhsts oa tbhIehrgkif phopch to jh kofsgdhrhd aor i
kbif`h. G rhkhgvhd i kopy oa i chtthrwrgtthf jy IIZ^ tbit gs eost sg fgagkiftifd prhtty whcc ciys out tbh story oabow geportift tbh cgtg`itgof gf Icijiei
bis jhkoeh. G ahct tbit sbirgf` gt wgtbour rhidhrs woucd jh ipproprgith.
Dhir @hfhric Mgf` ifd Koeegs-
sgofhr Bhreiff-[thkmhc>,>>>
Ehdgkigd jhfhagkgirghs, jut icso
to Ehdgkigd ifd Ehdgkirh jhfhag-
kgirghs tbrou`bout tbh kouftry.
Ph support your haaorts ifd coomaorwird to wormgf` wgtb you to
cowhr dru` prgkhs ifd to shkurh
iddgtgofic rhsourkhs aor Icijieis
Ehdgkigd jhfhagkgirghs.
[gfkhrhcy,
Divgd . [coifh
[hfgor Qgkh-^rhsgdhft
@ovhrfehft Zhcitgofs
ifd Idvokiky
Ph bivh our fhxt kish gf Icijiei sht
aor trgic of Oktojhr :0
tb
i`igfst JrgstocEhyhrs [qugjj. Ph irh kurrhftcyhf`i`hd gf shttchehft fh`itgofs wgtb
:8 koepifghs.Tbh support oa IIZ^ gshxtrhehcy sg`fgagkift ifd tbh aikt tbhybivh 894,>>> ehejhrs gf Icijiei gskrgtgkiccy geportift.
THRI[ITTOZFHW@HFHZIC[HTTCH[PGTBIJJOTTCIJ[
Thxis Ittorfhy @hfhric @rh` Ijjott
bis rhikbhd i $:2 egccgof kgvgc shttch-ehft wgtb Kbgki`o-jishd Ijjott Cijo-
ritorghs Gfk.Tbh shttchehft rhsocvhs tbhstiths Eiy :>>4 hfaorkhehft iktgof,wbgkb kbir`hd tbh dru` eifuaikturhrwgtb aicshcy rhportgf` dru` prgkhs to
tbh stith ifd ahdhric Ehdgkigd pro-`ries. Xfdhr tbh i`rhhehft, tbh stithoa Thxis wgcc rhkhgvh ipproxgeithcy $:2egccgof gf diei`hs, ittorfhysahhs ifd
kosts. Tbh ch`ic tbhorghs gf tbh Thxiskish irh gdhftgkic to tbosh gf Icijiei
ifd otbhr stiths wbhrh cgtg`itgof gsphfdgf`. Tbh stith oa Icijieis kish
i`igfst Ijjott gs sht aor trgic of Ahjru-iry :,:>>7.
[tith ifd ahdhric ciw rhqugrhs tbitdru` eifuaikturhrs rhport tbh prgkhs it
wbgkb tbhy shcc tbhgr produkts tovirgous provgdhrs, gfkcudgf` pbirei-kghs, wbochsichrs ifd dgstrgjutors.TbhEhdgkigd pro`ries ush tbgs prgkgf`
gfaoreitgof to hstgeith tbh kosts Ehd-
gkigd provgdhrs piy to ikqugrh tbh dru`eifuaikturhrs produkts. Ehdgkigd
provgdhrs jgcc tbh stith-ruf pro`riesaor tbhsh kosts, pcus prhskrgptgof dgs-phfsgf` ahhs, ifd Ehdgkigd rhgejurshstbh provgdhrs. Pbhf i eifuaikturhr
rhports gfacithd prgkhs to tbh Ehdgkigdpro rie, is bipphfhd gf tbh Thxiskish, tbh tixpiyhr-aufdhd pro`rie
`rhitcy ovhrpiys provgdhrs aor tbhgrprodukts.Is wh bivh rhporthd,tbh dga-ahrhfkh jhtwhhf wbit i provgdhr iktu-iccy piys to purkbish i dru` ifd wbitgs rhgejurshd jy Ehdgkigd gs kicchd tbh
sprhid.Tbh Ittorfhy @hfhrics oaagkh
GF TBG[ G[[XH
G. Kipgtoc Ojshrvitgofs . . . . . . . . . . . . :
GG. ^ocgtgkic Ojshrvitgofs . . . . . . . . . . 4
GGG. Ch`gscitgvh Bipphfgf`s . . . . . . . . . . 1
GQ. Kourt Pitkb . . . . . . . . . . . . . . . . . . 0
Q. Tbh Fitgofic [khfh . . . . . . . . . . . . . 7
QG. Tbh Korporith Porcd . . . . . . . . . . 99
QGG. Kiepig`f Agfifkh Zhaore . . . . . . 9;
QGGG. Kof`rhssgofic Xpdith . . . . . . . . . . 9;
GR. ^rodukt Cgijgcgty Xpdith . . . . . . . . 94
R. Eiss Torts Xpdith. . . . . . . . . . . . . 90
RG. Jusgfhss Cgtg`itgof . . . . . . . . . . . . :>
RGG. Gfsurifkh ifd Agfifkh Xpdith . . . :9
RGGG. ^rhditory Chfdgf`. . . . . . . . . . . . . :;
RGQ. ^rhegshs Cgijgcgty Xpdith . . . . . . . :4
RQ. Pormpcikh Bizirds. . . . . . . . . . . . :1
RQG. Trifsportitgof . . . . . . . . . . . . . . . :7
RQGG. Fursgf` Boeh Xpdith. . . . . . . . . . ;:
RQGGG. Bhictbkirh Gssuhs . . . . . . . . . . . . . ;;
RGR. Hfvgrofehftic Kofkhrfs. . . . . . . . ;1
RR. Tbh Kofsuehr Korfhr. . . . . . . . . . ;2
RRG. Zhkiccs Xpdith . . . . . . . . . . . . . . . 49
RRGG. Agre Iktgvgtghs . . . . . . . . . . . . . . . . 4;
RRGGG. [phkgic Zhko`fgtgofs. . . . . . . . . . . 40
RRGQ. [oeh Kcosgf` Ojshrvitgofs . . . . . . 42
RRQ. [oeh ^irtgf` Pords . . . . . . . . . . . 8>
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siys tbit is i rhsuct oa tbh gcch`icsprhids krhithd jy Ijjott Cijoritorghs,
Thxis Ehdgkigd ovhr-rhgejurshd pro-vgdhrs aor Ijjotts dru`s.Tbh wgfdaiccproagts aroe tbhsh gfacithd rhgejursh-ehfts, wbgkb dith jikm to tbh hircy
977>s, gfdukhd provgdhrs to aivorIjjott Cijoritorghs ovhr otbhr eifu-aikturhrs, ikkordgf` to tbh Ittorfhy
@hfhric.Tbh rhsuct wis i cof`-thre,jutufciwauc, eirmht fgkbh aor tbhkoepify gf Thxis.
Gf Eiy :>>4, it ijout tbh tgeh tbhThxis Ittorfhy @hfhric iffoufkhd bgs
agcgf` oa tbh ciwsugt i`igfst Ijjott Cij-oritorghs, tbh Dhahfdift spuf oaa gts`hfhrgk pbireikhutgkics jusgfhss ufgtifd krhithd Bospgri Gfk.Tbh i`rhhehft
wgtb Bospgri wgcc `ovhrf gts prgkh-rhportgf` priktgkhs gf tbh auturh.TbhIjjott Cijs hfaorkhehft iktgof
rhachkts Ittorfhy @hfhric Ijjotts kof-tgfugf` krikmdowf of wisth, ariud ifdijush gf tbh Ehdgkigd systhe. Gf :>>1icofh, tbh Thxis Ehdgkigd pro`rie kosteorh tbif $90 jgccgof.To sivh tixpiyhr
doccirs, tbh Ittorfhy @hfhric bis dri-eitgkiccy hxpifdhd jotb tbh Kgvgc Ehd-gkigd Ariud [hktgof ifd tbh EhdgkigdAriud Koftroc Xfgt. [gfkh bh toom
oaagkh, tbh kgvgc ifd krgegfic Ehdgkigdariud shktgofs bivh rhkovhrhd eorhtbif $:>> egccgof.
Pgtb tbh pissi`h oa iehfdehfts totbh Thxis Ehdgkigd Ariud ^rhvhftgofIkt gf 9770,tbh Thxis Ch`gsciturh pivhdtbh wiy aor wbgstchjcowhr ciwsugtsgfvocvgf` gfdustry gfsgdhrs. Xfdhr tbh
ciw, wbgstchjcowhrs eiy jh hcg`gjch aori phrkhfti`h oa diei`hs rhkovhrhd.Toojtigf eorh gfaoreitgof ijout tbhThxis Ittorfhy @hfhrics haaorts to ag`bt
Ehdgkigd ariud, ikkhss tbh i`hfkysPhj sgth it www.thxisittorfhy`hfhric.`ov. Tbh Icijiei Ch`gsciturh sboucdtimh i coom it wbit Thxis ciweimhrs
bivh dofh to strhf`tbhf tbit stiths ciws.
[ourkh< Thxis Ittorfhy @hfhric ^rhss Zhchish
TBHJX[BIDEGFG[TZITGOFTIMH[X[KCO[HTOTBHBOOQHZDIW[
Is G wis agfgsbgf` tbgs gssuh tbh JusbIdegfgstritgofs jigc-outpikmi`h wis
jhgf` botcy dhjithd gf Kof rhss. Duhto tgeh kofstrigfts G wgcc ofcy siy aor
fow tbit rhwirdgf` korporith hxhku-tgvhs wbosh `rhhd, gfkoephthfkh ifd
totic dgsrh`ird aor tbh ruch oa ciw chd usdowf i pitb wbgkb iceost kiushd tbhdhstruktgof oa our hkofoegk systhe,eimhs fo shfsh. [hvhric yhirs i`o, i
Zhpujcgkif-koftrocchd Kof`rhss toomiwiy eukb oa tbh rh`ucitory iutborgtytbit rhsucthd gf tbh agfifkgic gfstgtu-
tgofs dogf` soeh bg`bcy quhstgofijchifd rhiccy stupgd tbgf`s.Ikkordgf` toKipgtoc gfsgdhrs, wbgch tbh prolhkthdkost wis ijout $0>> jgccgof, tbh iktuickost oa tbh jigcout koucd jh is bg`b is
$9.; trgccgof.Tbhrh wis cgttch gf tbh org`-gfic vhrsgof oa tbh pcif to prothkt tbhIehrgkif tixpiyhrs.Bophauccy, tbit wgccbivh jhhf kbif`hd ga tbh jigcout pisshs
ifd gs sg`fhd gfto ciw. Tbhrh wis ifhws rhport of tbh diy wh shft tbgsgssuh to tbh prgfthr tbit if i`rhhehft
gf prgfkgpch bid jhhf rhikbhd.Tbh aigchd hkofoegk pocgkghs oa tbh
Jusb Idegfgstritgofkoejgfhd wgtbvgrtuiccy fo haahktgvh rh`ucitgof oa ouragfifkgic eirmhtstbrhithf to timh us
jikm to tbh Boovhr diys. Bophauccy, gatbhrh wis i jg-pirtgsif i rhhehft gfKof rhss, tbhy whrh ijch to kriat irhehdy tbit wgcc sivh our fitgofs
hkofoey wgtbout dogf` aurtbhrgrrhpirijch diei`h to prhshft ifdauturh tixpiyhrs.Xfaortufithcy, G doft
shh bow tbit kif jh ivogdhd.Ey gfgtgicrhspofsh wis to siy foto tbh jigcout,jut G ie aigrcy khrtigf soehtbgf` wgccbivh jhhf pisshd jy tbh tgeh tbgs gssuhgs rhkhgvhd.G lust boph ifd priy gts `ot
is eukb tixpiyhr, boehowfhr, ifdseicc jusgfhss prothktgof is kif jhikbghvhd.
@ZHHDIFDGZZH[^OF[GJGCGTWIZHTBHZOOTKIX[HOAOXZFITGOF[HKOFOEGK^ZOJCHE[
Is stithd ijovh, tbh hri oa `rhhd ifd
grrhspofsgjgcgty of Picc [trhht ifd gfPisbgf`tof bis krhithd i agfifkgickrgsgs is proaoufd is ify wh bivh aikhdsgfkh tbh @rhit Dhprhssgof.Pbgch tbh
jigcout oa our agfifkgic gfstgtutgofswgtb i prgkh ti` oa eorh tbif $0>>jgccgof gf tixpiyhr doccirs eiy iktuiccyjh fhkhssiry, our chidhrs eust timh icc
sthps fhkhssiry to korrhkt tbh proj-
ches tbit kiushd tbgs ehss. Kof`rhsskiffot ufdhrhstgeith or ivogd gts
rhspofsgjgcgty gf timgf` sukb if hfor-eous sthp.Zh`irdchss oa tbh sbiph tbgsrhkovhry pcif timhs, gt eust jh `ugdhdjy korh prgfkgpchs oa aigrfhss,jicifkh,
ifd agskic rhspofsgjgcgty.Tbh aoccowgf`irh ijsocuth rhqugrhehftsis pro-poshd jy [hfitor Ojieitbit eust
jh gf ify jigcout pikmi`h> `ood piygf` lojs ga tbh koftrikt
gsft iwirdhd. Gt shhes prhtty kchir tbittbh Dhpirtehft oa Dhahfsh bis if
ur`hft egcgtiry fhhd tbit sboucd jh ehtis soof is possgjch. Gf ey opgfgof,Dhahfsh [hkrhtiry Zojhrt @iths ifd tbhJusb Pbgth Boush bivh soeh hxpcigf-
gf` to do of tbgs dhic. @iths siys tbhjgddgf` sboucd stirt ovhr jhkiush gtkoucdft jh koepchthd jhaorh @hor`h
P. Jusb chivhs oaagkh. Gt surh cooms cgmhtbh Jusb Idegfgstritgof wifts Johgf`to `ht tbh koftrikt aor pocgtgkic rhisofsifd gt bis i Dgkm Kbhfhy-Mirc Zovh-cgmhsehcc. Tbh iwirdgf` oa tbgs koftrikt
sboucd jh i fof-pocgtgkic prokhsskirrghd out jy tbh kirhhr proahssgoficsgf tbh egcgtiry ifd fot ofh eidh aorpocgtgkic or agfifkgic `igf.
Tbh eissgvh koftriktwortb $;8jgccgof gfgtgiccy ifd possgjcy tbrhh tgehstbit ieouft gf auturh yhirsbis
driwf kcosh skrutgfy aroe Kof`rhss.IgrAorkh oaagkgics, wbo sboucd mfow, siyrhpcikgf` tbh kurrhft Hgshfbowhr-hritifmhr achht gs if ur`hft prgorgty.Is youmfow, Johgf` Ko.gs koephtgf` aor tbh
worm i`igfst if gfthrfitgofic thie tbitgfkcudhs Fortbrop @rueeif Korp.ifdtbh Hurophif Ihrofiutgk Dhahfsh ifd[pikh Ko., tbh pirhft oa Igrjus. Tbh
Fortbrop thie woucd isshejch gtspcifhs it Eojgchs Jroomchy Aghcd Gfdus-trgic Koepchx.Iathr yhirs oa dhciys, tbh
Igr Aorkh iwirdhd tbh koftrikt to tbhFortbrop thie gf Ahjruiry. Jut aorsoeh rhisof tbh ^hfti`of rhophfhdtbh koephtgtgof gf Lucy iathr i prothstjy Johgf` wis upbhcd jy `ovhrfehft
iudgtors wbo ruchd tbit tbh jgddgf`aivorhd Fortbrop.
Gts jhhf rhvhichd tbit Fortbrop@rueeif Korp.s jgd aor tbh X.[. Igr
Aorkh tifmhr koftrikt wis iceost $;jgccgof kbhiphr tbif tbh oaahr aroeJohgf` Ko. Lobf Wouf`, tbh Xfdhr [hk-rhtiry oa Dhahfsh aor Ikqugsgtgof it tbh
^hfti`of, tocd tbh Pisbgf`tof ^ost gfif irtgkch pujcgsbhd of [hpthejhr 92tb
tbit Fortbrop oaahrhd to produkh tbhagrst 12 tifmhrs ufdhr i 907-pcifh kof-
trikt aor i kost oa $9:.8 jgccgof. Johgf`soaahr wis $98.4 jgccgof. Tbits ifivhri`h oa ijout $924 egccgof phrpcifh aor Fortbrop, koepirhd to ijout
$::1 egccgof ipghkh aor Johgf`.Wouf`sigd tbh dgaahrhfkh wis fotijch
jhkiush Fortbrops MK-48 tifmhr gs icir`hr ifd eorh vhrsitgch igrkriat tbif
tbh MK-010 oaahrhd jy Johgf`.Pbhf bh put tbh prolhkt of bocd,
Dhahfsh [hkrhtiry Zojhrt @iths sigdtbh ^hfti`of woucd aokus of ofcy i
bifdauc oa kofthsthd pogfts ifd agfgsbtbh prokurhehft wgtbgf sgx eoftbs.Jut Johgf` ifd gts Kipgtoc Bgcc iccghs
coudcy prothsthd, ir`ugf` tbit Johgf`koucd fot aigrcy koephth ufdhr sukbkofstrigfts, ifd tbrhithfhd to qugt tbhkoephtgtgof.Tbgs surh sehccs cgmh pocg-tgks to eh!
[ourkh< Issokgithd ^rhss
GG.
^OCGTGKIC
OJ[HZQITGOF[
TBH^IZTWKOFQHFTGOF[IZHOQHZIFDTBHKOXFTDOPF[TIZT[
Tbh ^irty foegfitgf` kofvhftgofstbgs yhir whrh witkbhd jy hxtrhehcy
cir`h thchvgsgof iudghfkhs. Jut hvhfwgtb tbhsh cir`h iudghfkhs, gts bird tosiy wbgkb pirty `igfhd tbh eost aroegts kofvhftgof.G tbou`bt hikb bid soeh
`ood ifd soeh fot so `ood eoehfts.Tbh sphhkbhs jy jotb Kcgftofs, @ovhr-
for icgf,ifd [hfitor Ojiei whrh vhry`ood ifd rhkhgvhd vhry `ood rhvghws.
[hfitor EkKigf rhid bgs cgfhs aigrcywhcc, jut bgs phraoreifkh wis too duccifd ufgfspgrgf` aor eost oa tbh Iehrg-kifs wbo witkbhd.
^hrsoficcy, G ahct tbh ipphirifkh oa[hfitor Thd Mhffhdy wis tbh eosteovgf` phraoreifkh oa icc sphimhrswbo ipphirhd it hgtbhr kofvhftgof.
Hvhf bgs krgtgks bid to ipprhkgith tbh[hfitors dhdgkitgof to i kiush.[hfitor
Mhffhdys ovhrkoegf` pbysgkic cgegti-tgofs to eimh if ipphirifkh bid to jh
idegrhd jy icc Iehrgkifs. G sicuth tbh[hfitor aor bgs kouri`h ifd `rgt ifdicso priy tbit bh wgcc bivh i aucc rhkov-hry aroe bgs bhictb projches.
G eiy jh tbh ofcy phrsof wbo ahhcstbgs wiy, jut G ie `cid tbh kofvhftgofsirh ovhr so tbh kifdgdiths kif `ht outto tbh stiths wbhrh ordgfiry aocms kif
`ht i coom it tbhe ifd bhir tbhgr pcifs
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aor Iehrgki. Gts is kchir is kif jh tbittbh hkofoey gs tbh fuejhr ofh gssuh
wgtb tbh pujcgk ifd ofh tbh kifdgdithseust fot ofcy ufdhrstifd, jut eustbivh tbh kipikgty ifd ijgcgty to socvh.Gf ey opgfgof, tbit eimhs gt sort oa
tou`b aor tbh @O^ foegfhh. [hfitorEkKigf bis bid to rhvhrsh bgs stifd gfi fuejhr oa irhis dhicgf` wgtb tbh
hkofoey. Aor hxiepch, EkKigf wistoticcy i`igfst icc aores oa `ovhrfehf-tic rh`ucitgof,jut gs fow aor rh`ucitgof.
TBHO ^O[GF@TGKMHT[PHZHOAAIFDZXFFGF@
Tbh prhsgdhftgic ifd vgkh-prhsgdhftgicfoegfhhs aor tbh two pirtghs whrh oaaifd ruffgf` ofkh tbh kofvhftgofswhrh ovhr.Tbh vgkh-prhsgdhftgic foeg-
fhhs whrh kofsgdhrhd surprgsh kbogkhsjy eify pocgtgkic ojshrvhrs, wgtb tbhjg``hst surprgsh kchircy jhgf` tbh @O^foegfhh. [hfitor EkKigfs rhic
kbogkh[hfitor Loh Cghjhreifkoucdft `ht pist tbh hxtrheh rg`btwgf` oa tbh Zhpujcgkif ^irty, so tbhEkKigf kiepig`f bid to `o to i ^cif
J wgtbout dogf` eukb oa i jikm-`roufd kbhkm of tbgs shchktgof. Tbitrhsucthd gf @ovhrfor [irib ^icgfkoegf` ofto tbh fitgofic skhfh wgtb i
jif`fo puf gfthfdhd. Fow, gt wgcc jh
qugth gfthrhstgf` to shh wbit rhic haahkt[hfitor Loh Jgdhf ifd @ovhrfor ^icgfwgfd up bivgf` of tbh agfic outkoeh
of Fovhejhr 4tb.Tbhrh wis i suddhf stop gf eost icc
pocgtgkic iktgvgtghs jhkiush oa BurrgkifhGmh ifd tbh iffgvhrsiry oa 7-99.Pbgch
tbosh iktgvgtghs prhtty eukb jrou`bttbgf`s to i bict pocgtgkiccy aor i sborttgeh, icc oa tbh kifdgdiths bgt tbh roidi`igf wgtb i acurry of [hpthejhr 9:tb.
[gfkh tbhf tbhy bivh jhhf bgttgf` tbh
kiepig`f trigc it i sthidy pikh. Juttbhf tbh hkofoegk wohs aikgf` ourfitgof toom tbh spotcg`bt, sbokmgf` tbh
Iehrgkif phopch ifd tbh worcd. Tbhfitgofs hkofoey gs kchircy tbh fuejhrofh gssuh of tbh egfds oa Iehrgkifs.Pbgkbhvhr kifdgdith dhics wgtb tbit
gssuh haahktgvhcy wgcc jh tbh fhxt ^rhsg-dhft.[o air, gt ipphirs tbit phrsof wgccjh [hfitor Ojiei. Bgs oppofhft,[hfitor EkKigf, ipphirhd to jh cgmh i
dhhr gf bhidcg`bts sgfkh tbh hkofoegkprojches aikgf` our fitgof whrh put gf
sbirp aokus, doegfitgf` tbh fhws ofhvhry ehdgi outcht.EkKigfs a cgp-acopsof kofkhpts sukb is `ovhrfehftic rh`-ucitgof wgcc jhkoeh eorh ifd eorh
hvgdhft jhtwhhf fow ifd HchktgofDiy. To put gt gf sgepch thres, tbhwhhms stirtgf` of [hpthejhr 94tb
whrhft `ood ofhs aor tbh ^icgf-EkKigf tgkmht.
TBHQOTHZ[PGCCBIQHI KCHIZKBOGKH
Hikb phrsof wbo `ohs gfto tbhvotgf` jootb of Fovhejhr 4tb sboucdism ofh sgepchjut krgtgkiccy gepor-
tiftquhstgof ifd tbit gs,Ie G jhtthroaa todiy tbif G wis wbhf @hor`h P.Jusb wis agrst sworf gf is ^rhsgdhft oatbh Xfgthd [tiths oa Iehrgki? Ojvg-
ouscy, tbh EkKigf kiepig`f jhcghvhstbit tbh hg`bt yhirs oa Jusb-Kbhfhy-Zovh ruch bivh jhhf `ood aor tbhkouftry. Gf aikt, tbhy whrh gf cokm-sthp
wgtb tbh Idegfgstritgof ifd wifthd to`gvh us aour eorh yhirs oa tbh sieh ocdaigchd pocgkghs tbit bivh vgrtuiccydhstroyhd our fitgofs hkofoey.Pbhf
you kofsgdhr bow tbh hkofoey bis`ofh aroe hxkhcchft to vhry,vhry jid gfhg`bt yhirs, timgf` us jikm to tbou`btsoa Boovhr gf tbh Pbgth Boush, gts kchir
tbit tbh Jusb-Kbhfhy-Zovh Idegfgstri-tgof wgcc `o dowf gf bgstory is tbhworst sgfkh ^rhsgdhft Boovhr.
Tbh rhsuctgf` projches tbit icc Iehr-
gkifs irh aikgf` todiy sboucd eimhkboosgf` i ^rhsgdhft of Fovhejhr 4tb
if hisy dhkgsgof.Bowhvhr, tbh powhr-auc korporith cojjygsts irh dogf` hvhry-
tbgf` possgjch to `gvh us aour eorhyhirs oa Jusb-Kbhfhy-Zovh. Gf ifyhvhft, G jhcghvh tbh ifswhr to tbh quhs-tgof poshd ijovhjy if ovhrwbhce-
gf` eilorgty oa vothrs of Fovhejhr4tbwgcc jh i rhsoufdgf` fo!
DHEOKZIT[IFDZH^XJCGKIF[EX[TLOGFTBHAG@BT
Ph irh aikgf` i eorics krgsgs gf tbgs
kouftry tbit sboucd bivh tbh itthftgofoa icc Iehrgkif kgtgzhfs.Tbh agctb tbitwh shh ifd bhir of thchvgsgof skrhhfs
of i fg`btcy jisgs gs toticcy ufikkhpt-ijch. Eoricgty ifd koeeof dhkhfky
bivh jhhf put of tbh sbhca.Tbh ^irhftsThchvgsgof Koufkgc ur`hd jotb eilorpocgtgkic pirtghs to aokus of hfthrtigf-ehft gssuhs oa kofkhrf to pirhfts it
tbhgr kofvhftgofs.Tbgs or`ifgzitgof bisjhhf ag`btgf` to kchif up thchvgsgofjroidkistgf` ifd fhhds bhcp. ^TK ^rhs-
gdhft Tge Pgfthr bid tbgs to siy jhaorhtbh pirty foegfitgf` kofvhftgofs toompcikh>1. Fojody mfhw bow eukb tbh
`roup iktuiccy sphft or wbo aurfgsbhdtbhgr eofhy. Gts tbgs sort oa tbgf` tbiteust jh hxposhd ifd stopphd. Aroft`roups wgtb if i`hfdi kift jh
iccowhd to gfacuhfkh hchktgofs it ifychvhc gf tbgs kouftry.
GGG.
CH@G[CITGQH
BI^^HFGF@[
TBHOXTCOOMAOZ^I[[I@HOAI [TZOF@DXG JGCCI^^HIZ[TOJHJHTTHZ
Bophauccy, tbh ch`gscitgof fhhdhd tostrhf`tbhf Icijieis DXG phfictghs
wgcc piss gf fhxt yhirs ch`gscitgvh
shssgof. Eojgch Koufty [hfitor Zusty@covhr ifd two otbhr soutbwhstIcijiei ciweimhrs, Eirk Mhibhy oa
@rovh Bgcc ifd [phfkhr Kocchr oa Grvgf`-tof, siy tbhy wgcc worm to`htbhr to pissi jgcc fhxt yhir. Tbhgr proposhd jgccwoucd2 or bg`bhr gs drufm.Ofkh tbitchvhc rhikbhs >.98, tbh drgvhr woucd
jh sujlhkt to i``rivithd DXG ifddoujch tbh egfgeue phficty.
Hcgegfith tbh agvh-yhir kutoaa wbhfkofsgdhrgf` if oaahfdhrs DXGbgstory, to ophf tbh wiy aor stgaahr
shfthfkhs.
Zhqugrh oaahfdhrs to pirtgkgpith gfpro`ries wgtb vgktges oa drufmhfdrgvhrs.
Aorkh phopch kofvgkthd oa drufmhfdrgvgf` to gfsticc dhvgkhs of tbhgrkirs tbit cokm tbh g`fgtgof ga ickoboc
gs dhthkthd of tbhgr jrhitb.
Kbif h tbh stith ciw tbit kurrhftcyrhqugrhs chss pufgsbehft aor i aourtbDXG oaahfsh tbif aor i tbgrd.
Is bis jhhf wgdhcy rhporthd, i bg`bphrkhfti`h oa tbosh wbo irh mgcchd gf
eotor vhbgkch ikkgdhfts irh gfvocvhd gfickoboc-rhcithd krisbhs. Gf sukb kishs,soehofh gs usuiccy gftoxgkithd. [oehIcijiei ciweimhrs jhcghvh DXG
oaahfdhrs irh icrhidy pufgsbhd birsbcyhfou`b. G toticcy dgsi rhh wgtb tbitvghw. Jishd of wbit wh shh gf ourpriktgkh, G ie kofvgfkhd wh fhhd to
`ht tou`bhr of drufm drgvhrs.I sg`fgag-kift fuejhr oa tbh eotor vhbgkch ikkg-
dhfts wh bifdch gfvocvh drufm drgvhrs.Zhp. Koccghr, i aorehr [tith Troophr,
jhcghvhs tbh cgfh bis to jh driwf soeh-wbhrh, siygf` tbit phopch wgtb i >.98jcood-ickoboc chvhc typgkiccy posh i`rhithr rgsm ifd drgvh drufm eorh arh-
quhftcy tbif tbosh kiu`bt wgtb cowhrchvhcs.Tbh ciweimhr siys,bowhvhr, tbittbh provgsgof rhqugrgf` g`fgtgof gfthr-cokm dhvgkhs gf tbh kirs oa DXG oaahfd-
hrs gs i shpirith eitthr ifd sboucd jhkofsgdhrhd gf gts owf jgcc. Gt woucdipphir tbit sukb i ehisurh gs gepor-tift hfou`b aor gt to jh gfkcudhd gf tbh
DXG jgcc.G doujt gt woucd piss gf i shpi-rith jgcc.
Icijieis DXG ciws irh too whim ifdsboucd jh up`ridhd.Tbh kurrhft ciws
doft provgdh hfou`b gfkhftgvh aorphrsofs to ivogd drgvgf` wbhf tbhy irhdrgfmgf`. Eotbhrs I`igfst DrufmDrgvgf` bis jhhf pusbgf` bird aor
strof`hr DXG ciws ifd wgcc bhcp `ht tbgs
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fhhdhd ch`gscitgof pisshd.Ga you i`rhhtbit wh fhhd to `ht tou`bhr of drufm
drgvhrs, ifd tbit tbh ch`gscitors sboucddo tbhgr pirt, cht your [hfitors ifdBoush ehejhrs mfow jhaorh tbh fhxtshssgof.
[ourkh< Eojgch ^rhss Zh`gsthr
GQ.KOXZT PITKB
TBHKO[TOAZXFFGF@AOZI LXD@H[BG^GFTBHX.[. G[OFTBHZG[H
Tbh kost oa ruffgf` aor shits of stithipphccith kourts ikross tbh kouftry gs`httgf` bg`bhr ifd bg`bhr wgtb fo
ippirhft hfd gf sg`bt.Tbh sgtuitgof gfstiths sukb is Egkbg`if,Pgskofsgf,Egs-
sgssgppg ifd Icijieiwbhrh rikhs aorspots of tbhgr rhsphktgvh [uprheh
Kourts bivh driwf egccgofs oa doccirsgf koftrgjutgofsgs oa `rhit kofkhrfto `roups tbit wift our kourts to jhgfdhphfdhft ifd fot koftrocchd. I
rhport rhchishd hircghr tbgs yhir jy tbhEgdwhst Dheokriky Fhtworm ifdLustgkh it [timh Kiepig`f, i Pisbgf`-tof-jishd ludgkgic witkbdo` `roup,
pogfts out bow hxphfsgvh stith kourtrikhs bivh jhkoeh.
Is G ufdhrstifd gt, tbhrh irh soeh 4>kofthsthd stith [uprheh Kourt rikhs
iroufd tbh kouftry tbgs yhir. Tbhrhports rhvhic tbit sphfdgf` jy ludgkgickifdgdiths aor tbh fitgofs bg`bhst stithkourt rikhs bis `ofh up aroe $1:
egccgof rigshd jhtwhhf 977; ifd 9772to $918 egccgof jhtwhhf 9777 ifd:>>0. Tbgs rigshs quhstgofs ijoutwbhtbhr lustgkhs kif rheigf gepirtgic
wbhf so eukb eofhy gs sphft to hchkttbhe.To `ht iroufd tbh projche,soeh
stiths irh kofsgdhrgf` pujcgkcy agfifk-gf` ludgkgic rikhs. Gf Icijiei icc haaorts
to kurj sphfdgf` gf tbh rikhs aor[uprheh Kourt bivh aigchd.Tbh sourkhsoa tbh jg` eofhy bivh to jh oa `rhitkofkhrf to ordgfiry kgtgzhfs wbo
dhphfd of tbh kourts aor prothktgofifd rhcgha wbhf fhhdhd ifd dhshrvhd.^hrbips, tbh eofhy sphft jy `roupstbit doft bivh to rhport tbhgr sourkhs
or wbo hts tbh eofhy gs tbh jg` hst
kofkhrf. Hxiepchs oa sukb `roups irhArhhdoe Pitkb, Iehrgkif Tixpiyhrs
Iccgifkh,Kgtgzhfs aor i [oufd Hkofoeyifd Icijiei Kgtgzhfs I`igfst CiwsugtIjush. Tbhsh irh tbh ittikm do`s tbitgfacuhfkh ludgkgic hchktgofs jut doft
bivh to jh ikkouftijch to tbh vothrs.Icc ifyjody sboucd wift gs i kourtsysthe tbit gs aigr ifd gfdhphfdhft.
Timgf` iwiy tbh phrkhgvhd gfacuhfkh oacir`h kiepig`f dofors sboucd jh i `oictbit icc oa us kif i`rhh of.
[ourkh< Issokgithd ^rhss
TBHAXFDGF@OATBHICIJIEI[X^ZHEHKOXZTZIKH
Ikkordgf` to ehdgi rhports, Lud`h
Dhjorib Jhcc ^ishurs kiepig`f bisrhkhgvhd ovhr i tbousifd gfdgvgduicdofitgofs durgf` tbh cist rhportgf`phrgod, iddgf` to tbh bufdrhds oa kof-
trgjutgofs icrhidy supportgf` bhr kie-pig`f aor tbh Icijiei [uprheh Kourt.Durgf` tbh cist agcgf` phrgod, tbh ^ishurKiepig`f rhkhgvhd i totic oa 9,9;8 kof-
trgjutgofs toticgf` $4:8,908.;;,jrgf`-gf` tbh totic fuejhr oa dofitgofs to9,490 ifd tbh totic ieouft rigshd to$8;9,>>7.44.Tbh kiepig`fs kisb of
bifd it tbh hfd oa tbh agcgf` phrgod wis$0:,904.14.Eirgof [thgfahcs,kiepig`feifi`hr oa tbh ^ishur Kiepig`f,
ojshrvhd>> ikkordgf`
to tbh Issokgithd ^rhss. Gfthrhstgf`cy,
78% oa tbh [biw eofhy kieh aroe^IKs tbit pisshd of eofhy to tbh kie-
pig`f.Tbh cir`hst ieoufts kieh aroeTbh Icijiei Kgvgc Lustgkh Zhaore Koe-egtthh ^ik, Jgz ^ik ifd Ciwsugt Zhaore^ik oa Icijiei. Iceost 9>>% oa tbh
aufds koegf` to tbh [biw kiepig`fkoeh aroe ^IKs issokgithd dgrhktcywgtb tbh `gifts oa Korporith Iehrgki
ifd gts kchir tbhy wgcc jh [biwsprgeiry sourkh oa eofhy ifd support.Gt wgcc jh eost gfthrhstgf` to shh bowtbgs gs rhkhgvhd jy Icijiei kgtgzhfswbo irh wgtfhssgf` wbit tbh irro`ifkh
ifd `rhhd oa korporith hxhkutgvhswgtb tbh bhcp oa tbh Jusb Idegfgstri-tgofbivh dofh to our fitgofshkofoey ovhr tbh pist hg`bt yhirs.
[ourkh< Issokgithd ^rhss
AHDHZIC^ZHHE^TGOFG[XF-IEHZGKIF
[oehtgehs ciwyhrs eimh tbgf`s sokoepcgkithd tbit hvhf tbhy doft
ufdhrstifd wbit tbhy irh trygf` tokoeeufgkith. Tbit eiy jh tbh kishwbhf gt koehs to ittheptgf` to hxpcigfahdhric prhheptgof.Tbgs kofkhpt wis
vgrtuiccy ufmfowf,hvhf gf ch`ic kgrkchs,uftgc hvhfts oa tbh cist yhir tbrustgt gfto tbh spotcg`bt. Jisgkiccy gtsfotbgf` eorh tbif i sbghcd i`igfst ciw-
sugts i`igfst eimhrs oa `ovhrfehft-
ipprovhd produkts, gfkcudgf` ehdgkicdhvgkhs ifd dru`s.Pbhf you kofsgdhrtbit prhheptgof woucd ippcy to prh-
skrgptgof ehdgkgfhs ifd ovhr-tbh-koufthrdru`s,tbh kofkhpt jhkoehs hvhf eorhgcco`gkic.Tbh ADI bis jhhf cgttch eorhtbif if hxthfsgof oa tbh powhrauc
pbireikhutgkic gfdustry ifd tbh aikt oaipprovic jy tbh i`hfky oa i dru` bisprovhd to jh fo gfdgkitgof tbit tbhdru` gs siah aor ush. Qgoxx, if ADI-
ipprovhd dru`, gs i prgeh hxiepch oa
tbit wgtbout ify doujt. Ga ahdhric prh-heptgof bid jhhf tbh ciw fo Qgoxxciwsugt koucd bivh jhhf agchd.
Ga ahdhric prhheptgof gs upbhcd jytbh X.[. [uprheh Kourt gt wgcc jh tbheost air-rhikbgf` kbif`h gf tbh ciw gfey cgahtgeh. Gt wgcc bivh jhhf i kbif`h
jrou`bt ijout wgtb iceost fo pujcgkdhjith.Is you sboucd mfow, tbh JusbIdegfgstritgof wis ufijch to `ht Kof-
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`rhsshvhf wgtb i Zhpujcgkif-kof-trocchd Boush ifd [hfithto cgegt ciw-
sugts. [o tbh Idegfgstritgof toom ifufdhr-tbh-ridir ipproikb it ikkoe-pcgsbgf` gts `oic oa prothktgf` korpo-rith wrof`dohrs tbrou`b tbh ahdhric
kourt systhe.Xftgc rhkhftcy, tbh rg`bt to trgic jy
lury gf kgvgc eitthrs wis i bgstorgk pro-
thktgof aor kofsuehrs ifd vgktges oakorporith ijush ifd wrof`dogf`.Fowwh shh tbit kofstgtutgofic rg`bt jhgf`triepchd of cgmh fhvhr jhaorh. Gf aikt,tbh ehf wbo aorehd our Zhpujcgk
woucd turf ovhr gf tbhgr `rivhs ga tbhymfhw wbit tbh Jusb krowd bis dofhifd gs fow trygf` to do to tbh X.[.Kof-stgtutgof. Ahdhric prhheptgofga
iccowhdwoucd jh tbh cist striw aorordgfiry kgtgzhfs wbo bivh ch`gtgeithkciges ifd wbo dhshrvh tbhgr diy gf
kourt.Divgd K.Qgidhkm, i ciw proahssorit @hor`htowf, bid tbgs to siy ijouttbh prhheptgof gssuh< Tbgs gs i ridgkicrhstrukturgf` oa tbh Iehrgkif kgvgclustgkh systhe. G toticcy i`rhh wgtb tbit
isshssehft.Gf gts cist diys, tbh Jusb Idegfgstri-
tgof gs bivgf` ahdhric i`hfkghs rhgfthr-prht tbh ciws of tbh jooms to kofkcudh
tbit lury vhrdgkts gf stith kourts woucdkofacgkt wgtb ahdhric pocgky. Tbit bidfhvhr jhhf tbh posgtgof timhf jy ify
prhvgous idegfgstritgof gfkcudgf`Hgshfbowhr, Fgxof,Zhi`if ifd @hor hJusb (tbh aitbhr oa tbh kurrhft prhsg-dhft). Gf aikt, uftgc rhkhftcy @hor`h P.Jusb fhvhr toom tbit vghw.Tbgs wis i
Mirc Zovh krhitgof ifd ofh tbit bisagficcy stgrrhd up tbh Iehrgkif phopchis whcc is Kof`rhss.Pbhf aocms rhiccyufdhrstifd wbit ahdhric prhheptgof gs
tbhy irh 9>>% i`igfst gt.Tbgs gs if gssuhtbit wgcc ufgay ordgfiry kgtgzhfs cgmhfotbgf` hcsh bis jhhf ijch to do. Gtsofh jittch wh kift iaaord to cosh!
TBHDHITBOAKOZ^OZITHZH[^OF[GJGCGTW
Ph wgcc fow timh i kcoshr coom it tbhgfvocvhehft oa tbh X.[. [uprheh Kourtgf tbh prhheptgof ag`bt aroe i ch`icphrsphktgvh.Eify ch`ic skbocirs doft
jhcghvh tbit if uctri-kofshrvitgvh[uprheh Kourt wgcc ludgkgiccy ch`gscith
iwiy 9>> yhirs oa whcc-gfthrprhthdjcikm chtthr ciw ifd sphkgagkiccy ciws
tbit whrh gfthfdhd to prothkt stithsrg`bts. Otbhrs, bowhvhr, bivgf` shhfagrst bifd wbit ludgkgic iktgvgsts it chisttbrhh ehejhrs oa tbgs Kourt bivh
jhkoeh, jhcghvh tbit tbh Lustgkhs irh oftbh vhr`h oa dhicgf` tbh eost vgkgousjcow hvhr dhict to tbh kgvgc lustgkh
systhe.Ifd ga tbhy do, gt wgcc khrtigfcyjh tbh agrst oa eify to koeh.Bophauccy,tbhrh irh hfou`b Lustgkhs of tbh Kourtwbo jhcghvh gf tbh Kofstgtutgof ifdstithsrg`bts to do tbh rg`bt tbgf`.
Tbh kish jhaorh tbh Kourt gs Pyhtb v.Chvgfh. Gfthrhstgf`cy ifd phrbips jykbifkh, tbh Kourt wgcc bhir oric ir`u-ehft of Fovhejhr ;rd, tbh diy jhaorh
Hchktgof Diy.Tbh ^cigftgaa gf tbh kish,Dgifi Chvgfh,wis i proahssgofic eusg-kgif jhaorh bhr rg`bt ire wis iepu-
tithd jhcow tbh hcjow.Tbh dhjgcgtitgf`gflury wis kiushd jy tbh idegfgstri-tgof oa Pyhtbs dru` bhfhr`if jy ifgftrivhfous pusb (if gflhktgof gfto ifGQ cgfh).Pyhtb bid wirfhd pbysgkgifs
fot to gflhkt tbh dru` gfto if irthry,jutdgd fot wirf i`igfst tbh GQ pusbehtbod hvhf tbou`b sukb i thkbfgquhkoucd gfidvhrthftcy rhsuct gf tbh dru`
rhikbgf` irthrgic jcood, is gt dgd wbhfidegfgsthrhd to Es. Chvgfh. Es.Chvgfhwof it tbh trgic chvhc ifd icso jhaorh
tbh Dhciwirh [uprheh Kourt.Is wh bivh rhporthd, tbh X.[.[uprheh Kourt rhkhftcy iddrhsshd prh-heptgof gf tbh kofthxt oa i ehdgkicdhvgkh (fot i prhskrgptgof dru` kish) gfZhg`hc v. Ehdtrofgk. Gf tbit kish, tbhKourt bhcd tbit tbh prhheptgof cif-`ui`h koftigfhd gf tbh Ehdgkic DhvgkhIkt prhkcudhd ciwsugts i`igfst eifu-
aikturhrs aor dhvgkhs tbit bid ufdhr-`ofh tbh ADIs eost tborou`b rhvghwprokhsss.Agficcy, aroe tbh gfkhptgof oa tbh
ADI uftgc iathr @hor`h P. Jusbjhkieh ^rhsgdhft, tbh ADI bgstorgkiccyifd rhphithdcy toom tbh posgtgof tbit
stith tort ciws pciy if geportift rochgf kofsuehr prothktgof ifd tbit ADIprodukt ipprovic ifd stith tort cgijgc-gty usuiccy ophrith gfdhphfdhftcy, hikb
provgdgf` i sg`fgagkift, yht dgstgfkt,ciyhr oa kofsuehr prothktgof. Xfaor-tufithcy, tbh Jusb Idegfgstritgof bis
ijifdofhd kofsuehr prothktgof gfaivor oa korporith prothktgof ifd gtbis ushd tbh ADI is gts eigf vhbgkchaor kbif`h.Gt bis kbir`hd tbh ADI ifdtbh [ocgkgtor @hfhric wgtb dogf` hvhry-
tbgf` gf tbhgr powhr (ifd phrbipsjhyofd) to dgshfarifkbgsh gflurhd kgtg-zhfs aroe shhmgf` rhdrhss gf tbhkourts i`igfst tbh cir`hst, whictbghst,
ifd eost powhrauc korporitgofs gfIehrgki.Tbus air, tbh Jusb Idegfgstri-tgof bis itthepthd prhheptgoftbrou`b rh`ucitory agit wgtb ehdgkic
dhvgkhs ifd pbireikhutgkics. TbhJusb Idegfgstritgof kchircy bisjroidhr iejgtgofstbh pbireikhutg-kic aghcd gs ofcy tbh jh`gffgf . Tbh
Idegfgstritgof ifd tbh X.[. Kbiejhroa Koeehrkh bivh icrhidy sg`fichdtbit tbhy wgcc shhm tbh prhheptgof oastith ciw kciges jy ifyofh gflurhd
aroe i dhahktgvh kir ifd ify otbhrgfdustry wgtb hvhf tbh scg`bthst chvhc
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oa rh`ucitory ovhrsg`bt.Of tbh jrg`bt sgdh, ovhr 1>% oa tbh
Iehrgkif pujcgk, ikkordgf` to rhkhftpujcgk opgfgof poccs, ufdhrstifd tbit`riftgf` geeufgty to dru` eimhrs wgccofcy aorkh gfsurifkh koepifghs ifd
tbh Iehrgkif tixpiyhr to aoot tbh jgccaor tbh gflurghs ifd diei`hs kiushd jydhahktgvh dru`s. @gvgf` geeufgty to
korporith wrof`dohrs gs sgepcy wrof`.Gts gf tbh jhst gfthrhsts oa icc Iehrgkifsaor tbh [uprheh Kourt to ruch tbit stithciw kciges irh fot prhhepthd jy tbhADKI,jut irh vgtic to tbh prothktgof oa
icc phopch wbo irh gflurhd jy dhahktgvhifd dif`hrous dru`s.
^IZTGIC[HTTCHEHFTZHIKBHDGFHRROFQICDH\KI[H
^irt oa tbh pufgtgvh diei`hsiwirdhd to ^cigftgaas gf tbh fitgofsworst ogc spgcc wgcc jh pigd to Icismiagsbhrehf ifd otbhr ^cigftgaas, jy
HxxofEojgc.I shttchehft wis rhikbhdgf tbhHxxof Qicdhzkish wbgkb ehifsijout $;2; egccgof wgcc jh rhchishd jyHxxof. Xfdhr tbh i rhhehft, tbh
eofhy wgcc jh dgstrgjuthd to fhircy;;,>>> koeehrkgic agsbhrehf ifdotbhrs wbo suhd Hxxof iathr tbh 9727ogc spgcc. HxxofEojgc wis ijch to `ht
tbh ^cigftgaas ciwyhrs to i`rhh of tbh
koepifys oaahr to piy tbh pufgtgvhdiei`hs iwirdhd jy tbh [uprhehKourt of Lufh :8tb, chss khrtigf kosts
ifd ieoufts rhcitgf` to hircghr shttch-ehfts wgtb aorehr ^cigftgaas. Tbhi`rhhd-upof ieouft wgtb tbh ^cigftgaasgs ipproxgeithcy $;2;.4 egccgof.
Divgd Ohstgf` oa Ifkbori`h,tbh chidciwyhr aor tbh ^cigftgaas, tocd tbh Ifkbor-i`h Digcy Fhws bh ifd ciwyhrs aorHxxof fh`otgithd tbh shttchehft.
Ciwyhrs wgcc koftgfuh to fh`otgith ovhr
$0> egccgof ifd fhircy i bica jgccgofdoccirs gf gfthrhst.Agsbhrehf ifd otbhr^cigftgaas sboucd shh kbhkms koegf` gf
jh`gffgf` tbgs eoftb.Gfthrhst kickucithdsgfkh 9774 woucd idd if hstgeithd $422egccgof, joostgf` iwirds to gfdgvgduicsaroe rou`bcy $98,>>> to ijout $:7,4>>.
Oa koursh, Hxxof kofthfds gt dohs fotbivh to piy gfthrhst. Arifm Eucchf, iBoehr, Icismi, koeehrkgic agsbhreif,bid tbgs to siy kofkhrfgf` tbh piyehfts-yhir-ocdstituth dhsg`fhd to bict ovhrshis korpo-rith korruptgof. G ufdhrstifd ijout 2>kishs gfvocvgf` eilor korporitgofsikkushd oa ovhrshis jrgjhry whrh
ufdhr gfvhstg`itgof it tbh hfd oa cistyhir.Aroe icc ikkoufts, gt ipphirs tbitjrgjgf` oaagkgics oa aorhg`f kouftrghsbis jhkoeh i wiy oa cgah gf tbh ogc
gfdustry. Gf tbh [tifchy kish, tbh $92:egccgof gf jrgjhs icch`hdcy whrh pigd
fot lust jy Biccgjurtof jut jy gts pirt-fhrs, if gfthrfitgofic kofsortgue oa
hf`gfhhrgf` koepifghs aroe Arifkh,Gticy ifd Lipif.Bivgf` bid soeh hxph-rghfkh wgtb tbh pocgtgkiccy powhraucifd gfacuhftgic ogc gfdustry of i doehs-
tgk chvhc, G ie fot surprgshd it ifytbgf`gfvocvgf` if ogc koepify ifyeorh.
[oeh jhcghvh [tifchys thstgeofy
eiy icso posh kofkhrfs aor Qgkh ^rhsg-dhft Dgkm Kbhfhy, wbo rif Biccgjurtofjhtwhhf 9778 ifd :>>>,wbhf [tifchywis ippogfthd is MJZs kbgha hxhkutgvhoaagkhr. Bowhvhr, Kbhfhy bis kofsgs-
thftcy dhfghd ify wrof`dogf . CirryQhshcmi, [tifchys ciwyhr, siys bgs kcghftwgcc koophrith auccy gf ify gfvhstg`i-tgof. I lud`h wgcc dhthregfh [tifchys
agfic shfthfkh dhphfdgf` of bgs koe-pcgifkh wgtb tbh pchi i`rhhehft.Tbitsboucd kiush `rhit kofkhrf to ifyjody
koffhkthd wgtb Biccgjurtof or MJZwbo dgd ifytbgf` wrof`. Qhshcmi bidtbgs to siy< Bhs `ogf` to koophrithwgtb wbhrhvhr tbhy wift to `o ifdwbithvhr tbhy wift bge to do. Tbit
eiy kofkhrf cots oa proegfhft ehf gfour fitgofs Kipgtoc.
Tbh jrgjhry skifdic gs ofh oa eifygfvocvgf` Biccgjurtofs MJZ sujsgdgiry gf
tbh pist shvhric yhirs. MJZ bis rhphit-hdcy jhhf krgtgkgzhd aor ovhrjgccgf` tbhX.[.`ovhrfehft aor provgdgf` aood, auhc
ifd otbhr shrvgkhs to X.[.socdghrs gf Griq.Cist yhir,Biccgjurtof spuf oaa MJZ gfto ishpirith korporitgof. Hircghr tbgs yhir,Biccgjurtof rhporthd tbit tbh [HK wisdrieitgkiccy wgdhfgf` tbh skoph oa tbh
gfvhstg`itgof to kovhr prolhkts jugctdurgf` tbh pist :> yhirs gf euctgpchkouftrghs. Tbosh gfvhstg itgofs eiyaokus of [tifchys iktgvgtghs gf otbhr
kouftrghs. Gt ipphirs aroe kourt doku-ehfts tbit [tifchy wormhd wgtb ifotbhrkofsuctift, gdhftgaghd is i duic-fitgoficChjifhsh ifd Iehrgkif kgtgzhf, gf if
hcijorith mgkmjikm skbheh. Xfdhr tbhskbheh,[tifchy bgrhd tbh kofsuctift tobhcp Biccgjurtof ifd gts prhdhkhssoragres irrif`h dhics to jugcd cgquhaghd-
fituric-`is prolhkts fot ofcy gf Fg`hrgijut icso gf H`ypt,Whehf ifd Eiciysgi.Aroe 9779 to :>>4,gts rhporthd tbit tbhkofsuctift dgrhkthd $9>.2 egccgof oa tbh
prokhhds jikm to [tifchy tbrou`b i[wgss jifm ikkouft.Tbhsh dhics gfvocvhd
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10/529> www.JhischyIcchf.koe
[tifchys org`gfic hepcoyhr, E.P.Mhcco``,is whcc is MJZ.Icc oa tbgs wgcc jh
witkbhd vhry kcoshcy is hvhfts ufaocd.
[ourkh< ^J[ Fhws Zhport
KCI[[IKTGOFAGCHDI@IGF[TAIFFGHEIH
Tbh agrst kciss iktgof ciwsugt wis
agchd cist eoftb irgsgf` out oa tbhAiffgh ifd Arhddgh jigcout gf tbh X.[.Dgstrgkt Kourt gf tbh [outbhrf Dgstrgktoa Fhw Worm.Tbh shkurgtghs kciss iktgof
wis agchd of jhbica oa tbosh wbo bhcdpujcgkcy-tridhd shkurgtghs oa Aiffgh Eihjhtwhhf Fovhejhr 91,:>>0 ifd [hp-thejhr 8, :>>2. Tbit wis jhaorh tbh
ahdhric `ovhrfehft toom ovhr tbhkoepify. Dhahfdifts gf tbh sugt irh[thpbhf Isbchy, kbigreif oa AiffghEihs joird= Difghc Eudd, Aiffghs
prhsgdhft ifd kbgha hxhkutgvh oaagkhr=[thpbhf [wid, Aiffghs hx-kbgha agfif-kgic oaagkhr= ifd Zojhrt Chvgf, aorehrcytbh koepifys hxhkutgvh vgkh prhsgdhft
ifd kbgha jusgfhss oaagkhr.Tbh koepcigft icch`hs tbit Aiffgh
Eihs pujcgkcy-dgskcoshd agfifkgic rhsuctsegsrhprhshfthd tbh agfifkgic bhictb oa
tbh koepify, ifd tbit tbh Dhahfdiftshgtbhr eidh aicsh stithehfts or aigchd todgskcosh tbh trutb to gfvhstors. Gtsaurtbhr icch hd tbit is i rhsuct, tbh
Dhahfdifts ariuduchft skbheh wis
sukkhssauc gf dhkhgvgf tbh pujcgk,irtgag-kgiccy gfacitgf` tbh prgkhs oa pujcgkcy-tridhd Aiffgh Eih stokm, ifd kiusgf`
kciss ehejhrs to juy Aiffgh Eih stokmit tbosh gfacithd prgkhs.
Ikkordgf` to tbh koepcigft, Euddrhkhgvhd ovhr $94 egccgof gf koephfsi-
tgof aroe Aiffgh Eih gf :>>1 ifd ovhr$9: egccgof gf :>>0= Chvgf rhkhgvhdovhr $7.8 egccgof gf :>>1 ifd ovhr $2.4egccgof gf :>>0= [wid rhkhgvhd ovhr
$4.2 egccgof gf :>>0= ifd Isbchy
rhkhgvhd ovhr $8>>,>>> gf :>>0. Gtsicch`hd gf tbh koepcigft>0 ifdsprgf` oa :>>2 ijout gts agfifkgic posg-tgof ifd tbh kipgtic rigshs Aiffgh Eih
ufdhrtoom. Tbh aour Dhahfdifts irhikkushd oa gssuhoa Aortufh Ei`izgfh hftgtchd BowCiwchss irh Jg Koepifghs? tbitsboucd bivh ichrthd `ovhrfehft rh`uci-tors to shrgous projches gf Korporith
Iehrgki.Tbh ophfgf` piri`ripb oa tbitirtgkch sboucd bivh `otthf tbh itthftgofoa tbh bhids oa tbh ahdhric ifd stithi`hfkghs tbit irh supposhd to jh rh`u-
citgf` tbh iktgvgtghs oa Korporith
Iehrgki gf i fuejhr oa geportiftirhis.Tbh aoccowgf` gs wbit tbh iutbor
bid to siy wiy jikm gf 972>, bowhvhr,Eitthri wis lust i youf` rhshirkbhr itAortufh ei`izgfh. Bh wis issg`fhd jytbh hdgtors it tbh ei`izgfh to do i
story ijout korporith krgeh. Gt wisjhcghvhd tbit tbh projche wis seicc gfskoph it tbit tgeh ifd woucdftieouft to eukb. Jut Eitthri, tbrou`b
bgs rhshirkb, chirfhd tbit tbh rhicprojche wis fot gf tbh seicchr koepi-fghs, jut gfsthid wis gf tbh vhry cir`hkorporitgofs.
Eitthri whft of to wrgth aour joomsijout korporith powhr. Bh wormhd aorZiy Zo`hrs it Korporith Kiepig`f gfFhw Worm. Eitthri tbhf eovhd aroe
Fhw Worm to Pisbgf`tof wbhrh bhsphft i yhir it Mrocc. Ifd tbhf bhshttchd dowf it @ood Lojs Agrst. Bgskurrhft jco`Dgrt Dg``hrs Dg`hst
`gvhs tgps to iktgvgsts rhshirkbgf` kor-porith wrof`dogf`. Bh bis icsopujcgsbhd of bgs whj sgth ofh oa tbhjhst korporith rhshirkb piphrsBow
to Do Korporith Zhshirkb Ofcgfh.Eitthri routgfhcy jrhims fhws storghsijout korporith krgeh, korporith
powhr ifd gts koftroc.Bh gs icso iktgvhgf tbh Jusgfhss Htbgks Fhtwormif
uejrhcci `roup oa korporith kiepig`f-hrsifd gs whcc mfowf gf tbh joirdrooe oa eilor X.[. korporitgofs.Eitthri bid tbgs to siy ijout tbh pujcgk
gei`h tbit cir`h korporitgofs ittheptto sbow>2 gssuh oa Ch`ic Tgehs
ifd bid tbgs to siy> ifd :>>9, proppgf` up gts stokmprgkh ifd gfacitgf` rhshrvhs jy $8>>egccgof. Zhgfsurifkh pocgkghs irhjikmups purkbishd jy gfsurifkh koe-
pifghs to koepchthcy or pirtcy gfsurhtbh rgsm tbhy bivh issuehd aor tbhgrkustoehrs.Ph irh bhivgcy gfvocvhd gf
kgvgc cgtg`itgof irgsgf` out oa wrof`do-gf` jy IG@, @hfhric Zh, ifd otbhrrhcithd koepifghs ifd shvhric gfdgvgdu-ics. G prhdgkt wh bivhft bhird tbh cistoa IG@s projches.
[ourkh< Gfsurifkh Lourfic
[BIZHBOCDHZ[[XHEHZZGCCOQHZ^ZO^O[HDJIFMOAIEHZGKIDHIC
[birhbocdhrs bivh agchd i kgvgc ciwsugti`igfst Ehrrgcc Cyfkb Kbgha HxhkutgvhLobf Tbigf ifd tbh koepifys joird oa
dgrhktors ovhr tbh juyout jy Jifm oaIehrgki Korp. Tbh ciwsugt, agchd gf iFhw Worm [tith kourt of jhbica oa isgf`ch sbirhbocdhr ifd i kciss oa
gfvhstors, sigd tbh proposhd $8> jgccgofsich wis wrof`, ufaigr ifd bireauc toEhrrgcc pujcgk stokmbocdhrs. Tbhciwsugt dhskrgjhd tbh wohs oa tbh suj-
prgeh eort`i`h krgsgs ifd sigd Ehrrgccsitthept to egtg`ith gts cosshs bid aigchd.Tbh sugt kofthfds tbit Ehrrgccs pujcgk
stokmbocdhrs bivh jhhf ifd wgcc kof-tgfuh to jh dhfghd tbh aigr prokhss ifdires chf`tb fh`otgithd thres to wbgkbtbhy irh hftgtchd gf i sich oa tbhgrkoepify. G doujt shrgouscy tbit top
aocms it Ehrrgcc dgskcoshd icc tbhy mfhw.Tbh ciwsugt wgcc jh typgkic oa wbit cotsoa korporitgofs eiy whcc jh aikgf` gftbh koegf` eoftbs.
[ourkh< Zhuthrs
^ZOJHGFTO@OCDEIFIFDAGDHCGTWJWTBHFHPWOZMITTOZFHW@HFHZIC
Cof` jhaorh our fitgofs hkofoegkwohs jhkieh tbh fhws oa tbh diy,TbhFhw Worm Ittorfhy @hfhrics oaagkh bidjhhf gfvhstg`itgf` wbhtbhr jromhrs it
Agdhcgty Gfvhstehfts whrh `gvhf gfkhf-tgvhs jy @ocdeif [ikbs @roup Gfk. toshcc iuktgof-rith shkurgtghs to gfvhstors.Gfvhstg`itors irh hxiegfgf` ga Agdhcgty
9: www.JhischyIcchf.koe
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pgtkbhd iuktgof-rith shkurgtghs tbitwhrh ufdhrwrgtthf jy @ocdeif [ikbs
jhkiush gt rhkhgvhd otbhr shrvgkhs aroetbh gfvhstehft jifm.Is you mfow aroeprhvgous rhports, Ittorfhy @hfhricIfdrhw Kuoeo gs chidgf` if gfvhstg`i-
tgof gfto bow eilor Picc [trhht gfvhst-ehft jifms ifd seicchr agfifkgickoepifghs pgtkbhd iuktgof-rith shkurg-
tghs to kustoehrs.Tbh shkurgtghs whrheirmhthd is jhgf` is siah is kisb uftgctbh eirmht arozh up iegd tbh krhdgtkrgsgs, kiusgf` gfvhstors to cosh trhehf-dous sues oa eofhy.
Ittorfhy @hfhric Kuoeo, chidgf` tbhgfvhstg`itgof of jhbica oa stith ifdahdhric iutborgtghs, bis rhikbhd shttch-ehfts wgtb gfvhstehft jifms to juy
jikm eorh tbif $8> jgccgof wortb oaiuktgof-rith shkurgtghs aroe hg`bt`cojic jifms.@ocdeif [ikbs i rhhd to
juy jikm ijout $9.8 jgccgof gf shkurg-tghs stgcc bhcd jy prgvith kcghfts tbitwhrh purkbishd tbrou`b tbh agrejhaorh Ahjruiry 99tb ifd icso i`rhhd topiy i $::.8 egccgof agfh.Tbh iuktgof-
rith shkurgtghs eirmht gfvocvhd gfvhstorsjuygf` ifd shccgf` gfstruehfts tbitrhshejchd korporith dhjt, jut tbhgfthrhst riths of tbh gfvhstehfts whrh
rhsht it rh`ucir iuktgofs, soeh is arh-quhftcy is ofkh i whhm.Tbh eirmht aortbhe koccipshd gf Ahjruiry iegd tbh
dowfturf gf tbh jroidhr krhdgteirmhts.Zh`ucitors bivh jhhf gfvhstg-`itgf` tbh koccipsh to dhthregfh wbowis rhspofsgjch aor gts dhegsh ifdwbhtbhr jifms mfowgf`cy egsrhprh-
shfthd tbh siahty oa tbh shkurgtghswbhf shccgf` tbhe to gfvhstors.
[ourkh< Issokgithd ^rhss
X.[. KOXZTZHQGQH[KI[H[I@IGF[THFZOFHRHKXTGQH[
I rucgf` gf tbh ahdhric ipphics kourtgf Fhw Orchifs rhvgvhd Thxis stithkourt ariud kishs tir`htgf` HfrofKorps aorehr chidhrs ifd eorh tbif idozhf agfifkgic gfstgtutgofs ikkushd oa
pciygf` i roch gf tbh koepifys koc-cipsh. Tbh rucgf` jy tbh Agatb KgrkugtKourt oa Ipphics, wbgkb rhvhrshs ifhircghr ahdhric kourt dhkgsgof, iccows
kishs to prokhhd i`igfst gfdgvgduicsifd gfstgtutgofs wbo bivh fot yht
rhikbhd i shttchehft. Gf cith :>>9, tbhBoustof ciw agre oa Achegf` & Issokg-
iths agchd shvhf shkurgtghs-rhcithd ciw-sugts gf Thxis stith kourts of jhbica oashvhric bufdrhd kcghfts i`igfst virgousHfrof-rhcithd Dhahfdifts.Tbh ahdhric
kourt, wbgkb icrhidy bid lurgsdgktgofovhr virgous Hfrof-rhcithd kishs, tbhfgssuhd if ordhr probgjgtgf` tbh ciw
agre aroe agcgf` ify fhw Hfrof-rhcithdiktgofs wgtbout chivh oa tbh kourt. Gf:>>8, chivh to agch ciwsugts i`igfstHfrof-rhcithd Dhahfdifts aor ariud gfThxis kourts wis dhfghd jy tbh ahdhric
kourt. Xfdhr tbh ipphics kourt rucgf ,tbh kishs kif fow prokhhd gf tbhcowhr kourt.
[ourkh< Zhuthrs
QGG.
KIE^IG@F
AGFIFKH ZHAOZE
ICIJIEI@HT[AIGCGF@@ZIDHOFKIE^IG@FAGFIFKHDG[KCO[XZH
Icijiei bis rhkhgvhd ifotbhr aigcgf``ridh gf if iffuic study oa stiths kie-pig`f agfifkh dgskcosurh ciws.Tbh fhw
@ridgf` [tith Dgskcosurh rhport siysIcijieis `ridh oa A bis jhhf
ufkbif`hd sgfkh tbh iffuic rhportsjh`if gf :>>;. Icijiei rifms 47tb
ieof` tbh stiths.Tbh rhport foths tbittbh [hkrhtiry oa [tiths oaagkh bis eidhgeprovhehfts gf tbh stith Phj sgth tbitsbows kifdgdiths kiepig`f agfifkh
rhports,jut tbhrh gs stgcc fo shirkbijchofcgfh ditijish oa koftrgjutgofs.Tbhiffuic rhport gs prhpirhd jy tbh Kie-pig`f Dgskcosurh rolhkt,wbgkb gs i koc-
cijoritgof oa tbh Kicgaorfgi QothrAoufditgof, tbh Khfthr aor @ovhrfehf-
tic [tudghs ifd tbh XKCI [kbooc oa Ciw.Ph bivh i cof` wiy to `o gf Icijiei
wbhf gt koehs to up`ridgf` our kie-pig`f agfifkgf` ifd hchktgof ciws `hf-hriccy. Dogf` so sboucd jh i top prgorgtyaor tbh :>>7 shssgof oa tbh Icijiei
Ch`gsciturh.
[ourkh< Issokgithd ^rhss
FHHD[AOZFHRTWHIZ
Tbh ahdhric jigcout gfvocvgf` Korpo-rith Iehrgki sboucd rhsuct gf kiepig`fagfifkh rhaore timgf` khfthr sti`h of
tbh fitgofic skhfh fhxt yhir.I jg-pirtg-sif haaort gf Kof`rhsswgtb tbhjikmgf` oa tbh fhw ^rhsgdhftwgcc jhfhhdhd to kbif`h tbh wiy Pisbgf`tof
ophriths.
QGGG.
KOF@ZH[[GOFIC
X^DITH
KOF@ZH[[^I[[H[JGCC PGTB^ZOTHKTGOF[AOZDG[IJCHD
Kof`rhss bis `gvhf agfic ipprovic to
i eilor kgvgc rg`bts jgcc,hxpifdgf` pro-thktgofs aor phopch wgtb dgsijgcgtghs ifdovhrturfgf` shvhric rhkhft [uprheh
Kourt dhkgsgofs.Tbh jgcc `ohs to ^rhsg-dhft Jusb aor bgs sg`fiturh.Tbh PbgthBoush sigd Er. Jusb woucd sg`f tbhjgcc.Tbh jgcc hxpifds tbh dhagfgtgof oa
dgsijgcgty ifd eimhs gt hisghr aorwormhrs to provh dgskrgegfitgof. Gthxpcgkgtcy rhlhkts tbh strgkt stifdirdsushd jy tbh [uprheh Kourt to dhthr-
egfh wbo gs dgsijchd.Tbh jgcc dhkcirhs
tbit tbh Kourt whft wrof` jy hcgeg-fitgf` prothktgof aor eify gfdgvgduicswboe Kof`rhss gfthfdhd to prothkt
ufdhr tbh 977> ciw. Zhprhshftitgvh[thfy B. Boyhr oa Eirycifd, tbh BoushDheokritgk chidhr, ojshrvhd< Tbh[uprheh Kourt egskofstruhd our
gfthft. Our gfthft wis to jh gfkcusgvh.[hfitor Toe Birmgf, Dheokrit oa
Gowi, tbh kbgha spofsor oa tbh jgcc, sigd:-822-9>>>. Ga you support tbgsgeportift jgcc, koftikt your [hfitorsifd ism tbhe to voth aor phopch ifd
fot Korporith Iehrgki of tbgs jidcy-fhhdhd ch`gscitgof.
[ourkh>0 ^oftgik @1, :>>1 Kbryschr ;>>,
:>>0 Toyoti Kiery, :>>0 Qocmswi`hfLhtti, :>>1 Bofdi Zgd`hcgfh ifd :>>1Byufdig [ofiti, wbgkb whrh thsthd oftbh Lordif Zoccovhr [ysthe (LZ[), i
dhvgkh dhsg`fhd to dyfiegkiccy thst tbhroccovhr okkupift prothktgof phraore-ifkh oa eotor vhbgkchs. Tbh vhbgkchs,
wbgkb whrh dofithd jy [tith AireGfsurifkh, irh tbh sieh ofhs tbit phr-aorehd whcc gf FBT[Is stitgk thst.Tbh study ufdhrskorhs tbh fhhd aorFBT[I to idopt i sgegcir dyfiegk thst
aor pisshf`hr vhbgkchs ifd cg`bt trukms,ritbhr tbif tbh kurrhft stitgk ehtbodoa thstgf`,wbgkb thsts tbh strhf`tb oa istitgofiry, uprg`bt vhbgkchs rooa jut
dgsrh`irds wbit bipphfs to pisshf`hrsdurgf` i roccovhr, is whcc is i roccgf`vhbgkchs ijgcgty to wgtbstifd krisb
aorkhs. ^ujcgk Kgtgzhf ^rhsgdhft LoifKciyjroom sigd,2>>
roccovhr dhitbs iffuiccy. Gt bis
rhaushd to ush dyfiegk thstgf` aor
i koeprhbhfsgvh stifdird to sivh
tbousifds oa cgvhs ifd rhdukh
bhid gflury ifd hlhktgof. Tbh
Kof`rhss, tbh fhxt idegfgstri-tgof, ifd/or tbh kourts wgcc jh
ismhd jy kofsuehrs to rg`bt tbgs
wrof`.
Gfsthid oa idoptgf` i dyfiegk thst,FBT[I bis proposhd i scg`bt up`ridhaor tbh 9709 stifdird aor vhbgkch rooas
tbit rhcghs sochcy of ehisurgf` tbhijgcgty oa tbh rooa to rhsgst :.8 tgehs tbhvhbgkchs whg`bt gfsthid oa tbh kurrhft
9.8 tgehs. FBT[I, wbgkb wis skbhd-uchd to rhchish gts agfic ruch jy Oktojhr
9st, gs koftgfugf` to hfdif hr cgvhs ifddogf` cgttch to rhdukh tbh eorh tbif9>,2>> dhitbs i yhir gf roccovhrkrisbhs, ikkordgf` to Kcirhfkh Dgtcow,
dgrhktor oa tbh Khfthr aor Iuto [iahty.Bh ojshrvhd>8 bg`bwiy jgcc, Kof rhssdheifdhd tbit FBT[I wrgth fhw phr-aoreifkh stifdirds tbit woucd rhdukh
pisshf`hr hlhktgofs ifd gfkrhish rooastrhf`tb. Tbh ch gscitgof icso kchircykicchd aor thstgf` jotb sgdhs oa tbhvhbgkch rooa. [tudghs sbow tbit tbh
gfgtgic gepikt oa i roccovhr kif jrhimtbh wgfdsbghcd, wbgkb kif sujstiftgiccywhimhf tbh otbhr sgdh oa tbh rooa,`rhitcy gfkrhisgf` tbh kbifkh gt wgcc
kruepch ifd gflurh tbh okkupifts.FBT[Is agfic ruch sboucd timh gftoikkouft fot ofcy rooa strhf`tb,jut tbhphraoreifkh oa siahty jhcts,kurtigf igr
ji`s, door cokms ifd citkbhs,wgfdowsifd rooa rikms. Doficd Arghdeif,aoufdhr oa tbh Khfthr aor GfluryZhshirkb, siys tbit tbh i`hfky eust
dhvhcop i dyfiegk thst tbit egegks ifiktuic roccovhr ifd timhs gfto ikkouftpisshf`hr hlhktgof ifd koftigfehft.Arghdeif, i pirtfhr gf Rprts,CCK,i Kic-
gaorfgi kofsuctgf` agre, ojshrvhd> iffuic roccovhr dhitbs,
ur`hs stith kourts to prh-hept kof-
suehr gflury ciwsugts gfvocvgf`
vhbgkchs ehhtgf` tbgs do-fotbgf`stifdird. Gt rhvhics tbit FBT[I gs
eorh kofkhrfhd wgtb prothktgf`
iuto koepifghs tbif tbh aiegcghs
wbo fhhdchsscy cosh covhd ofhs
hikb diy.
Bophauccy, tbh fhxt ^rhsgdhft ifd tbhfhxt Kof`rhss wgcc timh i kcosh coom it
FBT[I ifd bow gt ophriths. Tbhrheust jh ehifgf`auc kbif`hs tbit wgcceifdith tbit tbh i`hfky trucy eimhsiahty gts top prgorgty.
[ourkh>;, jut FBT[I
mhpt gt shkrht gf vgocitgof oa tbh ciw.^ujcgk Kgtgzhf wis gfstruehftic gf
pusbgf` Kof`rhss gf tbh :>>> Trifs-portitgof Zhkicc Hfbifkhehft,Ikkouft-ijgcgty, ifd Dokuehftitgof Ikt, (orTZHID Ikt) to rhqugrh rhportgf` oa
hircy wirfgf` diti iathr FBT[I aigchdto gdhftgay tbh dhahkts gf tbh Agrhstofhtgrh / Aord Hxpcorhr roccovhrs.
Pbgch gts i sthp gf tbh rg`bt dgrhk-
tgof, FBT[Is iktgof ahcc sbort oa koe-pcygf` wgtb tbh spgrgt oa tbh ciw. Tbh
i`hfkys shirkbijch ditijish gs birdcyushr-arghfdcy. Aurtbhreorh,FBT[I bis
dhkgdhd to wgtbbocd krgtgkic gfaorei-tgof, sukb is tbh fuejhr oa kofsuehrkoepcigfts to tbh eifuaikturhr, tbhfuejhr oa aghcd rhports timhf jy
koepify hf`gfhhrs ifd tbh fuejhr oakciges gfvocvgf` dhitb ifd gflury.FBT[I bis kcissgaghd tbit gfaoreitgofis kofagdhftgic ufdhr prhssurh aroe tbh
eifuaikturhrs. Loif Kciyjroom, ^rhsg-dhft oa ^ujcgk Kgtgzhf bid tbgs to siy,FBT[I wgcceimh kbif`hs to gts hxgstgf` aroft ifdsgdh krisb ritgf` pro`ries.Tbh kurrhftaroftic krisb thst pro`rie gfvocvhs i ;8
epb gepikt gfto i aroftic jirrghr.Tbhup`ridh to tbh aroft krisb ritgf`pro`rie wgcc gfvocvh updithd thstdueeghs ifd fhw issokgithd gflury
isshssehft krgthrgi. Aor sgdh gepiktthsts, FBT[I wgcc updith tbh thst togfkcudh sgdh gepikt thst dueeghs ifdfhw gflury krgthrgi tbit irh ushd to
issg`f i vhbgkch sgdh gepikt stir ritgf`.Aurtbhr, aor tbh sgdh gepikt thsts,vhbg-kchs wgcc jh hvicuithd jishd upof ipoch gepikt thst ifd seicc aheich krisb
thst dueeghs.^hrbips tbh eost sg`fgagkift updith
to tbh pro`rie gfvocvhs i fhw krgth-rgof tbit wgcc rith vhbgkchs of tbh prhs-
hfkh oa shchkt idvifkhd thkbfoco`ghssukb is hchktrofgk stijgcgty koftroc(H[K), aorwird koccgsgof wirfgf` (AKP)ifd cifh dhpirturh wirfgf` (CDP). Gts
`ood to shh tbit FBT[I wgcc provgdhgfaoreitgof kofkhrfgf` idvifkhdsiahty thkbfoco`y to kofsuehrs. Gf ourkishs, wh koftgfuh to shh eifuaiktur-
hrs wbo oaahr siahty is if optgof.Idvifkhd siahty optgofs, sukb is H[K,irh stgcc jhgf` oaahrhd is optgofs.Tbgs
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priktgkh gs stgcc prhvichft hvhf tbou`btbh eifuaikturhrs irh iwirh oa tbh suj-
stiftgic siahty jhfhagts oa H[K. Tbhshfhw FBT[I ritgf`s wgcc provgdh kof-suehrs wgtb eorh gfaoreitgof ifdbophauccy aorkh eifuaikturhrs to gepch-
ehft tbhsh idvifkhd siahty ahiturhs isstifdird hqugpehft. Gf ey opgfgof,siahty sboucd fhvhr jh kofsgdhrhd
optgofic.Agficcy, tbh fhw ritgf`s pro`rie wgcc
sht i fhw ovhricc Qhbgkch [iahty [korhtbit koejgfhs tbh stir ritgf`s aroe tbharoftic, sgdh ifd roccovhr pro ries oa
tbh agvh-stir systhe. FBT[I bis gfdg-kithd gt wgcc gfgtgith ruch kbif`hs togfkorporith tbh fhw ovhricc koejgfhdkrisb ritgf` of tbh prgkh stgkmhr oa fhw
vhbgkchs. FBT[I bis stithd tbit whjhcghvh tbit tbh koejgfhd ritgf` ifdtbh fhw sgdh gepikt skorh wgcc provgdh
kofsuehrs wgtb tbh gfaoreitgof tbhyfhhd to eimh koepiritgvh lud`ehftsof fhw vhbgkchs. Kurrhft gfaoreitgofrhcitgf` to FBT[I siahty ritgf`s aorfhw vhbgkchs kif jh aoufd it
www.siahrkir.`ov.
[ourkh< FBT[I
LXZWIPIZD[$2.1 EGCCGOFGF[XQZOCCOQHZ
I eif ifd bgs sof whrh iwirdhd
$2.1 egccgof iathr i post-vhrdgkt bhirgf`jy i [tithf Gscifd lud`h aor psykboco`g-kic diei`hs stheegf` aroe i krisb gfwbgkb tbhy whrh burt ifd two aiegcyehejhrs mgcchd.I lury bid rhaushd to
iwird tbosh diei`hs is i pirt oa gtsvhrdgkt. Lustgkh Loshpb L. Eicthsh sigdtbh lurors bid aigchd to kofsgdhr tbhhxtrheh heotgofic dgstrhsstbit @iry
Eothcsof ifd bgs youf`hr sof suaahrhdgf wgtfhssgf` tbh dhitbs oa tbhgr covhdofhs, wbgch hxposgf` tbheshcvhs to tbh
sieh dif`hrous kofdgtgofs gf i Aord[XQ.
Tbh eif ifd bgs sof whrh ieof`aour pisshf`hrs gf i 9772 Hxpcorhrdrgvhf jy tbh eifs aitbhr, [thvhf
Eothcsof, of Lucy 9, :>>>. Tbh `roupwis rhturfgf` to [tithf Gscifd aroe iJoy [kout kiep-o-rhh gf Firrowsjur`,Fhw Worm,wbhf tbh vhbgkch ovhrturfhd
of i stith bg`bwiy.[thvhf Eothcsof,1>,i rhsphkthd [kout chidhr ifd Eirgfhr
Birjor rhsgdhft,wis mgcchd gf tbh wrhkmicof` wgtb @irys fgfh-yhir-ocd sof.
@iry Eothcsof, tbhf ;1, ifd bgs agvh-yhir-ocd sof survgvhd tbh ikkgdhft, isdgd i :9-yhir-ocd pisshf`hr.Tbh Eothc-sofs kofthfdhd tbh [XQ suddhfcy
ikkhchrithd ifd cost gts jrimhs is [thvhfEothcsof aou`bt to rh`igf koftroc. Aordeigftigfhd tbit tbh hcdhr Eothcsof
iccowhd tbh vhbgkch to drgat oaa tbh roidifd shft gt kirhhfgf` wbhf bh ovhr-koephfsithd of tbh sthhrgf` wbhhc.
Iathr i aour-whhm trgic, i lury aoufdtbit [thvhf Eothcsofs dhitb wis duh
to i dhahktgvhcy dhsg`fhd rooa-supportsysthe.Tbh hcdhr Eothcsof wis mgcchdwbhf tbh drgvhrs-sgdh rooa sbrhddhdof tbh agrst oa fhircy aour roccs, hxpos-
gf` bgs bhid.Tbh pifhc iwirdhd $1.8egccgof to [thvhf Eothcsofs wgdowifd hstith. Tbh lury, bowhvhr, aoufd
tbit Aord wis fot cgijch aor tbh dhitb oa@iry Eothcsofs ocdhr sof or aor tbhgflurghs Er. Eothcsof ifd bgs youf`hrjoy suaahrhd.
Lurors dhthregfhd tbh two joys ifd
tbh :9-yhir-ocd pisshf`hr whrh fotwhirgf` shit jhcts wbhf tbhy whrhtbrowf aroe tbh [XQs rhir shits. @iryEothcsof wis sgttgf` gf tbh aroft pis-
shf`hr shit.Tbh tbgrd rhir-shit pisshf-`hr, wbo wis fot i aiegcy ehejhr,shttchd prgor to tbh trgic wgtb Aord
Eotor Krhdgt Koepify, tbh vhbgkchowfhr ifd chssor. Aord EotorKoepify, tbh [XQ eifuaikturhr, wis ifiehd Dhahfdift.Iathr tbh trgic, jotbtbh ^cigftgaas ifd Dhahfdifts eovhd to
sht isgdh tbh vhrdgkt.Gf bgs post-vhrdgkt rucgf`, Lud h
Eicthsh iwirdhd @iry Eothcsof $;.:egccgof ifd bgs youf`hr sof $8.4
egccgof aor ehdgkgfh ifd psykbgitrgkkirh, is whcc is aor pist ifd auturh pigfifd suaahrgf`.Pbgch lurors aoufd Aordfot rhspofsgjch aor tbh youf`hr joys
pbysgkic gflurghs, tbh lud h sigd tbhpifhc aigchd to dgskhrf tbh dgaahrhfkhjhtwhhf tbosh gflurghs ifd tbh psykbo-co`gkic triuei bh (tbh joy) hfdurhd gf
wgtfhssgf` tbh dhitb oa bgs ocdhrjrotbhr ifd `rifdaitbhr. Tbh lud`hruchd tbit tbh joy wis gf tbh so-kicchdzofh oa dif`hr, wbgkb ehifs bh wis
tbrhithfhd wgtb jodgcy bire krhithdjy tbh dhahfdifts fh`cg`hfkh ifd hftg-
tchd to koephfsitgof. Gf hxpcigfgf` bgsrucgf`,tbh lud`h wroth,>>>. Ictbou`b Lud`h Eicthsh
jhcghvhd, jishd of tbh hvgdhfkh, tbhrhir pisshf`hrs whrh shit-jhcthd, bhsigd bh woucd fot ovhrturf tbh lurysagfdgf` to tbh koftriry. Kofshquhftcy,
bh woucd fot iwird diei`hs to tbhhstith oa tbh Eothcsof joy wbo wismgcchd.Tbh lud`h, ehifwbgch, rhdukhdjy $9.8 egccgof tbh totic $1.8 egccgof
iwird aor [thvhf Eothcsofs hstith ifdbgs wgdow. Aord kofthfdhd tbh ieouftwis hxkhssgvh. Lud`h Eicthsh ruchd tbhpifhc bid ovhrhstgeithd @iry Eothc-
sofs auturh pothftgic hirfgf`s ifdrhdukhd tbh iwird to tbh hstith jy$90;,>>> to $9.; egccgof. Tbh lud`hrhdukhd Ers. Eothcsofs iwird aroe $8
egccgof to $;.0 egccgof, siygf` pirt oa gtdupcgkithd tbh hstith iwird.
[ourkh< [tithf Gscifd Idvifkh
ITQ IKKGDHFT[JZGF@BHIZTJZHIMTOAIEGCGH[
Ovhr tbh pist ahw yhirs, wh bivhshhf eorh ifd eorh ikkgdhfts gfvocv-
gf` kbgcdrhf ifd ITQs.Gf aikt, tbh cossoa cgvhs is i rhsuct oa tbhsh ikkgdhftskoftgfuhs to `row.Ph bivh icso shhf
tbit pirhfts wbo bivh cost kbgcdrhf gfITQ roccovhr ikkgdhfts suaahr `rhitcy.Fo eitthr bow cof` i`o tbh ikkgdhftokkurrhd, tbhsh pirhfts dhic wgtb tbh`rgha hvhry diy oa tbhgr cgvhs. Hvhry yhir
4>,>>> kbgcdrhf ifd thhfs irh shrgouscygflurhd ifd hvhf mgcchd gf ITQ roccovhrikkgdhfts gf tbh X[, ikkordgf` to Kof-khrfhd Aiegcghs aor ITQ [iahty.
Ofh woucd tbgfm tbit tbh gfdustry
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mfowgf` wbit gt mfowswoucdkbif`h tbh wiy ITQs irh dhsg`fhd.
Tbhy kif icso bivh i dgrhkt gfacuhfkhof wbo gs usgf` tbh ITQs ifd bow tbhyirh jhgf` ushd.Jut,ITQ eifuaikturhrsjcieh tbh drgvhrs oa tbh ITQs aor tbh
aitic ikkgdhfts. Pbgch soeh ITQroccovhrs irh tbh rhsuct oa gfhxphrghfkhof tbh pirt oa drgvhrs, tbh rhic jcieh
cghs wgtb tbh eifuaikturhrs.Tbhrh irhsiahty ahiturhs ivigcijch aor tbh ITQs.Tbh Wieibi Zbgfo gs ofh oa tbh eostdif`hrous ITQs of tbh eirmht. Aorhxiepch, gfsticcgf` doors of tbh Zbgfo
woucdft jh kost-probgjgtgvh. Jut wbhftbh dhitbs oa kbgcdrhf irh vghwhd ofcyis stitgstgks, ritbhr tbif is gfdgvgduictri`hdghs, gts rhic hisy aor tbh gfdustry
to siy tbh hxtri kost gs fot fhkhssiry.Ojvgouscy,Wieibi bisft put doors gfgts Zbgfo dhsg`f.
Tbh gfdustry mfows tbit youf`phopch irh hxposhd to uffhkhssiry rgsmwbhf rgdgf` ITQs. Tbhsh vhbgkchs tgpovhr too hisgcy ifd cikm idhquith siahtyahiturhs.Tbh ITQ gfdustry sboucdft jh
iccowhd to `ht iwiy wgtb eifuaiktur-gf` sukb pothftgiccy dif`hrous vhbg-kchs. Tbits tbh jottoe cgfh. Tbus air,ofcy tbh kourt systheifd tbh agcgf`
oa ciwsugtsbivh bid ify sg`fgagkifthaahkt.Tbh ITQ gfdustry eust jh eidhto dhsg`f siahr vhbgkchs.Tbh aiegcghs agch
tbhgr ciwsugts, bopgf` tbit tbh kourtswgcc bocd tbh ITQ eifuaikturhrsrhspofsgjch aor krhitgf` vhbgkchs tbittgp ovhr too hisgcy, ifd tbit tbhgr ciw-sugts wgcc rhsuct gf dhsg`f kbif`hs. Ga
you wift eorh gfaoreitgof of ITQsifd roccovhrs, you kif koftikt @ribieHsdich or Kbrgs @covhr gf our agre it2>>-272-:>;4.
[ourkh< Ciwyhrs ifd [httchehfts
X-BIXC TZIGCHZ[IFDEOZHOATBH[IEH
Our agre bis sukkhssauccy bifdchdtwo wrof`auc dhitb kishs rhkhftcy
i`igfst X-Biuc. Gf hikb kish, tbh X-Biuctrigchr wis jhgf` pucchd jy i AordHxpcorhr.Icso gf hikb oa tbh kishs, tbhtrigchr jh`if to swiy ifd uctgeithcy
kiushd tbh vhbgkchs to rocc ovhr, chidgf`to tbh dhitb oa tbh drgvhrs oa tbh AordHxpcorhrs. [oof iathr wh rhsocvhd tbh
agrst wrof`auc dhitb kish i`igfst X-Biuc, tbh koepify gssuhd i fhw pocgky
prhvhftgf` ify rhftic oa gts trigchrswbhf tbh kustoehr wis drgvgf` i AordHxpcorhr. Tbh pocgky iffoufkhehftwis if itthept jy X-Biuc to jcieh tbh
gfkgdhfts of tbh gfstijgcgty oa tbh AordHxpcorhr. Pbgch tbh Aord Hxpcorhrsprophfsgty to rocc ovhr gs whcc doku-
ehfthd,X-Biuc eust sboucdhr tbh jucmoa tbh rhspofsgjgcgty.
[oof iathr X-Biucs iffoufkhehft, Gwroth gf i prhvgous gssuh oa tbgs Zhporttbit X-Biucs pocgky kbif`h wis
fotbgf` eorh tbif i pujcgkgty stuft.Tbit stithehft wis rhkhftcy kofagrehdwbhf tbh agre rhkhgvhd yht ifotbhrkish to gfvhstg`ith gfvocvgf` i X-Biuc
trigchr.[gegcir to tbh prgor two kishs whsukkhssauccy rhsocvhd aor our kcghfts,tbh drgvhr oa tbgs vhbgkch cost koftroc
wbhf tbh trigchr jh`if to swiy, uctg-eithcy kiusgf` tbh vhbgkch to rocc ovhrrhsuctgf` gf tbh dhitb oa tbh drgvhr.Tbhofcy dgaahrhfkh jhtwhhf tbgs eostrhkhft okkurrhfkh ifd tbh prgor kishs
gs tbh cithst vgktge wis fot drgvgf` iAord Hxpcorhr. Bh wis drgvgf` i Fgssif^itbagfdhr.
Ga X-Biuc gs to rheigf kofsgsthft tbh
koepify wgcc soof iffoufkh i fhwpocgky oa fot rhftgf` gts trigchrs toifyofh drgvgf` i Aord Hxpcorhr or i
Fgssif ^itbagfdhr.Tbh agrst iffoufkh-ehft woft prhvhft ify dhitbs of tbhfitgofs bg`bwiys,ifd i rhvgshd hxkcu-sgof cgst woft hgtbhr.Tbh typh oa [XQpuccgf` tbh trigchr gs grrhchvift. X-Biuc
trigchrs bivh kiushd eify dgaahrhfttyphs oa [XQs, trukms ifd otbhr pis-shf`hr vhbgkchs to rocc ovhr gf tbh pistifd tbhy wgcc koftgfuh to do so gf tbh
auturh. Zoccovhrs wbgch puccgf` X-Biuctrigchrs irh kiushd jy tbh prophfsgtyoa tbh trigchr to swiy gf trifsgt.[wiygf` gs kiushd jy tbh kofdgtgof oa
tbh trigchr ifd bgtkb,tbh hxgsthfkh ifdkofdgtgof oa tbh jrimgf` systhe, ifdtbh whg`bt dgstrgjutgof jhtwhhf tbhtowgf` vhbgkch ifd tbh trigchr wgtb gts
kofthfts.Is fothd gf if hircghr irtgkch, otbhr
eilor rhfthrs oa trigchrs rhqugrh tbhkustoehr to pucc tbh trigchrs ofcy wgtb
cir`hr sgx-wbhhchd vhbgkchs.Tbhsh vhbg-kchs irh cir`hr ifd bhivghr so tbhy kif
wgtbstifd tbh swiygf` oa tbh trigchr. GaX-Biuc wis trucy shrgous ijout siahty, gt
woucd aoccow tbh gfdustry.Tbgs gs fot icgmhcy eovh kofsgdhrgf` X-Biuc bis ieofopocy of tbgs eirmht ifd woucd jhaorkhd to aorahgt bg`b proagts. X-Biuc
koucd prhvhft tbhsh gfkgdhfts jy eigf-tigfgf` gts achht oa trigchrs, gfkcudgf`eimgf` surh tbhgr rhsphktgvh jrimgf`
systhes irh gf `ood wormgf` kofdgtgof.Gf ofh oa tbh prgor kishs wh bifdchd,
tbh trigchrs jrimhs whrh gf fhhd oaeigfthfifkh. Iddgtgoficcy, tbh trigchrbid fot jhhf gfsphkthd ifd rhpigrhd
of X-Biucs owf skbhduch. Gfsthid oaeimgf` pocgky kbif`hs tbit do fotiaahkt siahty, X-Biuc sboucd aokus ofeimgf` kbif`hs tbit iktuiccy cgegt
swiygf . Xftgc X-Biuc timhs sthps toup`ridh gts achht oa trigchrs wgtb jhtthrjrimgf` systhes ifd dhvgkhs dhsg`fhd
to cgegt or hcgegfith swiygf`,drgvhrs oavhbgkchs towgf` X-Biuc trigchrs ifdtbosh vhbgkchs of tbh gfthrstith gf kcoshproxgegty to tbhe irh gf hxtrhehdif`hr. G wgcc mhhp you updithd of tbh
pro`rhss oa tbh cithst kish i`igfst X-Biuc. Ga you wift eorh gfaoreitgof ofX-Biuc cgtg`itgof koftikt MhfdiccDufsof or Koch ^ortgs gf our agre it
2>>-272-:>;4.
R.EI[[ TOZT[
X^DITH
QGORRKCIGEIFT[JH@GFTOZHKHGQH^IWEHFT[
Ipproxgeithcy 42,>>> kcigeiftsbivh fow hfrocchd gf tbh Qgoxx [httch-ehft ^ro`rie. Of Lucy 90, :>>2,duh to
tbh ovhrwbhcegf`cy posgtgvh rhspofsh
jy Qgoxx kcigeifts, Ehrkm & Ko., tbheimhr oa Qgoxx, iffoufkhd tbit iccHfroccehft tbrhsbocds bid jhhf eht
ifd tbit gt gs wigvgf` gts Picm IwiyZg`bt ufdhr tbh [httchehft I`rhhehft,haahktgvh Iu`ust 9, :>>2.Is i rhsuct ifdgf ikkordifkh wgtb tbh thres oa tbh
I`rhhehft, tbh Hfroccehft DhidcgfhDith to pirtgkgpith gf tbh Zhsocutgof^ro`rie bis fow jhhf hxthfdhd toOktojhr ;>, :>>2.
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Kurrhftcy, tbh Kciges Idegfgstritor gsiktgvhcy rhvghwgf` kcigeifts ehdgkic
ifd pbireiky rhkords (kciges pikm-i`hs) to dhthregfh wbgkb kcigesquicgay aor koephfsitgof ufdhr tbh [ht-tchehft ^ro`rie.Tbh dhidcgfh aor suj-
egttgf` kciges pikmi`hs wis Lucy 9,:>>2.Pgtb tbh jugct-gf hxthfsgofs out-cgfhd gf Hxbgjgt 9.8 oa tbh [httchehft
I`rhhehft,kcigeifts bivh uftgc Fovhe-jhr ;>,:>>2,it tbh cithst,to sujegt iddg-tgofic ehdgkic ifd pbireiky rhkords.Tbh Kciges Idegfgstritor gs gssugf`Fotgkhs oa Hcg`gjgcgty to icc kcigeifts
wbo quicgay aor koephfsitgof ufdhr tbh[httchehft ^ro rie. Ikkordgf` to tbh[httchehft I`rhhehft, i kcige quicgaghsaor koephfsitgof ga
Qgoxx pgccs whrh dgsphfshd to tbhkcigeift wgtbgf ify 1>-diy phrgodprgor to tbh gflury=ifd
Tbh kcigeifts ehdgkic or pbireikyrhkords hstijcgsb tbit Qgoxx wisjhgf` ushd jy tbh kcigeift wgtbgf 94
diys oa tbh gflury.
Tbh Kciges Idegfgstritor gs icsogssugf` Fotgkhs oa Gfhcg`gjgcgty tokcigeifts wbhf tbh kcigeifts ehdgkicifd pbireiky rhkords do fot ehht tbh
krgthrgi outcgfhd ijovh. Aoccowgf` tbhrhkhgpt oa i Fotgkh oa Gfhcg`gjgcgty,kcigeifts eiy kboosh to iccow tbhgrkcige to jh hxtgf`ugsbhd aoccowgf` if
ipphic prokhss, or tbhy eiy hchkt torhturf to tbh kourt systhe ifd iktgvhcycgtg`ith tbhgr owf kciges.
Aor tbosh kciges tbh Kciges Idegfgs-
tritor dhhes to jh hcg`gjch, tbh KcigesIdegfgstritor wgcc tbhf gssuh Fotgkhs oa^ogfts Iwirds.I Fotgkh oa ^ogfts Iwirdprovgdhs i dhtigchd rhport oa bow tbh
Kciges Idegfgstritor hvicuithd i kcige,gfkcudgf` i rhport oa tbh chvhc oa gflury,ovhricc duritgof oa dru` ush, cijhcidlustehfts, kofsgsthfky idlustehfts,
ifd rgsm aiktor rhduktgofs.Tbh KcigesIdegfgstritors hvicuitgof oa tbh kishwbhtbhr aor hcg`gjgcgty or pogfts gs
jishd upof tbh Idegfgstritors ojlhk-tgvh rhvghw oa tbh kcigeifts ehdgkic
ifd pbireiky rhkords.Of Iu`ust :2tb, tbh Kciges Idegfgs-
tritor jh`if gssugf` gfthrge shttchehftpiyehfts to hcg`gjch kcigeifts gf bhirt
ittikm kishs. Tbh totic ieouft oaeofhy hikb kcigeift rhkhgvhs gf isso-kgitgof wgtb i kcige gs dhthregfhd jy
euctgpcygf` tbh fuejhr oa pogftsiwirdhd jy tbh doccir vicuh oa hikbpogft. Tbou`b tbh agfic pogft vicuhswgcc fot jh dhthregfhd uftgc icc Qgoxxkciges irh hvicuithd, tbh kurrhft hstg-
eith oa i pogft vicuh aor bhirt ittikmkishs gs ipproxgeithcy $9798 phrpogft. Gfthrge shttchehft piyehftskofstgtuth 4>% oa tbh ovhricc koephf-
sitgof tbit tbh kcigeift wgcc rhkhgvh.Agfic shttchehft piyehfts wgcc jh eidhto bhirt ittikm kcigeifts iathr icc bhirt
ittikm kciges bivh jhhf hvicuithd.Gfthrge piyehfts to quicgaygf` bhirt
ittikm kcigeifts irh fow jhgf` eidhof i roccgf` jisgs.Tbh Kciges Idegfgs-tritor wgcc koftgfuh to gssuh gfthrge,
pirtgic shttchehft kbhkms of i eoftbcyjisgs uftgc icc bhirt ittikm kciges irhhvicuithd.Ipproxgeithcy ;>,>>> bhirtittikm kciges bivh jhhf hfrocchd gfto
tbh ^ro`rie. Gt gs iftgkgpithd tbit iccbhirt ittikm kciges wgcc jh hvicuithdifd,ga quicgaygf ,pigd jy egd-:>>7.
Tbh Kciges Idegfgstritor gs icso hvic-uitgf` kishs gf wbgkb tbh prgeirygflury gs i stromh. Gfthrge piyehfts oa4>% oa tbh totic hstgeithd kish vicuhirh skbhduchd to jh`gf gf stromh kishs
gf Ahjruiry :>>7 ifd wgcc koftgfuh ofi roccgf` jisgs. Agfic shttchehft piy-ehfts wgcc jh eidh to stromh kcigeiftsiathr icc koephfsijch stromh kciges
bivh jhhf hvicuithd. Ipproxgeithcy92,>>> stromh kishs bivh jhhf hfrocchdgf tbh Qgoxx [httchehft ^ro`rie. Gt gsiftgkgpithd tbit icc stromh kciges wgcc jh
rhvghwhd ifd pigd, ga koephfsijch,jytbh hfd oa :>>7.Ga you woucd cgmh eorhgfaoreitgof koftikt Chg`b ODhcc orZo`hr [egtb it 2>>-272-:>;4.
KOXZTZHGF[TITH[EHZKMQGORR[BIZHBOCDHZCIP[XGT
^bireikhutgkic koepify Ehrkm &Ko. eust fow aikh i sbirhbocdhrs
ciwsugt ovhr gts aorehr jcokmjusthrpigfmgcchr Qgoxx.I ahdhric ipphics kourt
rhgfstithd tbh ciwsugt wbgkb bid jhhfdgsegsshd jy i cowhr kourt. I tbrhh-lud`h pifhc aroe tbh Tbgrd KgrkugtKourt oa Ipphics vothd :-9 to rhgfstith i
kciss iktgof shkurgtghs ciwsugt tbit bidjhhf dgsegsshd gf Iprgc :>>0 jy X.[.Dgstrgkt Lud`h [tifchy Z. Kbhschr gf
Fhwirm,Fhw Lhrshy.Tbh rucgf` wgcc `gvhtbousifds,phrbips thfs oa tbousifds,oa ^cigftgaas if opportufgty to agficcybivh i kourt bhir tbhgr kciges tbitEhrkm kofkhichd tbh rgsms oa Qgoxx.
Lud`h Kbhschr bid dgsegsshd tbhciwsugt, agchd gf Fovhejhr :>>;, rucgf`tbit icc tbh cigftgaas kciges whrh tgeh-jirrhd ufdhr tbh stituth oa cgegtitgof.
Gfvhstors bid kbir`hd Ehrkm wgtb pro-vgdgf` egschidgf` gfaoreitgof or oegt-tgf` gfaoreitgof ijout tbh rgsms
gfvocvhd wgtb Qgoxx. Gf tbh rucgf`, twoipphccith lud`hs kofkcudhd tbh ^cigf-tgaas agchd sugt wgtbgf tbh ch`ic tgeh cgegtto do so jhkiush iegd hircy sg`fs oatroujch wgtb Qgoxx, Ehrkm wis stgcc
rhissurgf` gfvhstors ijout tbh siahty oaQgoxx ifd agfifkgic ificysts whrh pro-lhktgf` rowtb gf sichs.
Xfchss Ehrkm gs ijch to `ht tbh aucc
Kourt oa Ipphics or tbh X.[. [uprhehKourt to rhvghw tbh dgvgdhd dhkgsgof tokbif`h tbh rhsuct, tbgs kish woucd
rhturf to Lud`h Kbhschr. Ciwyhrs ofhikb sgdh wgcc tbhf jh`gf trgic prhpiri-tgof. Tbgs rhsuct bis fo haahkt of tbh$4.28 jgccgof shttchehft tbit woucd hfdrou`bcy 8>,>>> phrsofic gflury ciwsugts
aroe Qgoxx ushrs or tbhgr survgvors.Tbit gs if hftgrhcy dgaahrhft eitthr.
[ourkh< Aorjhs
ADI GFQH[TG@ITH[^O[[GJCHQWTOZGF-KIFKHZCGFM
X.[. dru` rh`ucitors irh gfvhstg`itgf`wbhtbhr tbh kbochsthroc-cowhrgf` dru`Qytorgf eg`bt jh cgfmhd to kifkhr.TbhX.[. Aood ifd Dru` Idegfgstritgofgfaorehd bhictb-kirh proahssgofics tbit
tbh i`hfky wis gfvhstg`itgf` i rhportaroe tbh so-kicchd [gevistitgf ifd Hzh-tgegjh gf Iortgk [thfosgs ([HI[) trgic oai possgjch issokgitgof jhtwhhf tbh ush
oa Qytorgf ifd if gfkrhishd rgsm oa ivirghty oa kifkhrs.Qytorgf gs i koejgfi-
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tgof dru` eidh up oa tbh koepoufdssgevistitgf ifd hzhtgegjh tbits
dhsg`fhd to rhdukh chvhcs oa CDC (jid)kbochsthroc ifd kut tbh rgsm oa kirdgo-viskucir projches.Gt worms jy dhkrhis-gf` tbh produktgof oa kbochsthroc jy
tbh cgvhr ifd gfbgjgtgf` tbh ijsorptgofoa kbochsthroc gf tbh gfthstgfh.
Tbh ADI bis ojtigfhd prhcgegfiry
rhsucts aroe tbh [HI[ trgic. Tbh trgicthsthd wbhtbhr cowhrgf` CDC-kbochs-throc wgtb Qytorgf woucd rhdukh tbhrgsm oa kirdgoviskucir projches gfphopch wgtb firrowgf` oa tbh iorti, tbh
jodys cir`hst irthry.Tbh agvh-yhir trgicdgd fot sbow i rhdukhd kirdgoviskucirrgsm.Jut,ikkordgf` to tbh ADI, i cir`hrphrkhfti`h oa pitghfts trhithd wgtb
Qytorgf whrh dgi`foshd wgtb ifd dghdaroe icc typhs oa kifkhr koejgfhd,wbhf koepirhd to trhitehft wgtb i
pcikhjo. Tbh ADI siys pitghfts kifkoftgfuh to timh tbh dru`. Jut tbhi`hfky ur`hd bhictb-kirh proahssgoficsto eofgtor tbhgr pitghfts aor possgjchsgdh haahkts ifd rhport tbhe to tbh
i`hfky.Pbgch ofh rhkhft kcgfgkic trgicgfdgkithd bg`bhr riths oa kifkhr aorpitghfts timgf` tbh dru`, tbh ADI sigdtwo studghs kurrhftcy ufdhr wiy bivh
sbowf fo gfkrhishd rgsm, ikkordgf` toif Issokgithd ^rhss rhport.
Tbh ADI sigd gt hxphkts to rhkhgvh i
agfic study aroe tbh [HI[ trgic gf ijouttbrhh eoftbs. Gt wgcc tbhf timh if hstg-eithd sgx eoftbs to rhvghw ifd hvicu-ith tbh trgic diti.Qytorgf gs eidh jy tbhdru` koepifghs Ehrkm ifd [kbhrgf`-
^cou`b bireikhutgkics. Gts i koejgfi-tgof oa Ehrkms \okor (sgevistitgf), istitgf, ifd [kbhrgf -^cou`bs \htgi. Irhport hircghr tbgs yhir aoufd tbh dru`
aigchd to rhdukh tbh jugcdup oa pci`uhgf irthrghs ify jhtthr tbif tbh `hfhrgkdru` \okor. [hvhric ehejhrs oa Kof-`rhss bivh dheifdhd diti of tbh trgic.G
ufdhrstifd tbit Ehrkm ifd [kbhrgf`-^cou`b irh koophritgf` wgtb tbhrhquhsts.Jut tbh koepifghs dhahfdhdtbh dru`, siygf` gt gs haahktgvh it rhduk-
gf` kbochsthroctbh ush aor wbgkb gtwis ipprovhdjut tbit dohsftiddrhss tbh kifkhr rgsm gssuh.
[ourkh< BhictbDiy
CGCCWIFDIEWCGFEIWBIQHTOIDDJWHTTI PIZFGF@[IATHZFHPDHITB[
Hcg Cgccy & Ko. ifd Ieycgf bireikhu-
tgkics Gfk. eiy bivh to idd tou`bhrwirfgf`s to prhskrgjgf` gfstruktgofsaor tbhgr dgijhths dru` Jyhtti iathr aoureorh pitghfts timgf` tbh ehdgkgfh dghd
aroe pifkrhitgtgs. Tbh cithst dhitbs
jrgf` tbh totic to sgx.Tbh X.[. Aood ifdDru` Idegfgstritgof bid iffoufkhdtwo dhitbs hircghr. Bowhvhr,fo dhagfgth
rhcitgofsbgp jhtwhhf Jyhtti ifd tbhiddgtgofic dhitbs bis jhhf provhd.
Jyhtti, ivigcijch gf tbh X.[. sgfkh Lufh:>>8, gs Ieycgfs chidgf` produkt,wgtb
`cojic sichs tbit rosh :8% gf tbh shkofdquirthr to $974.0 egccgof aroe i yhirhircghr. Cgccy ifd Ieycgf i`rhhd to wirfoa tbh rgsm oa pifkrhitgtgs gf Oktojhr,
iathr ;> egcdhr kishs whrh rhporthd.Kurrhftcy, tbh koepifghs irh ticmgf`wgtb tbh ADI ijout tbh possgjgcgty oaiddgtgofic wirfgf`s.
Tbh ADI koucd rhqugrh tbh koepi-fghs to dgspciy strof hr, so-kicchd jcikm-jox wirfgf`s. Tbh koepifghs fhxtvhrsgof oa tbh dru`, Jyhtti CIZ, gs
dhsg`fhd to jh timhf whhmcy gfsthid oatbh stifdird gflhktgofs `gvhf twgkhdigcy. Jhkiush tbh dru` stiys gf tbhjody cof`hr ifd kift jh fhutricgzhd ga
pifkrhitgtgs dhvhcops, tbh ADI eiybivh kofkhrfs wbhf gt kofsgdhrs gt aor
ipprovic.
[ourkh< Jcooejhr` Fhws
EIFW^ZODXKT[KOFTIGFTBHKBHEGKICJ I
Ph bivh prhvgouscy wrgtthf ijout
Jgspbhfoc I, or J I, i kbhegkic ushd gfkofsuehr `oods. J^I wis tbh sujlhktoa i ahdhric siahty bhirgf` of [hpthe-jhr 91tb wbhrh fhw prhcgegfiry
rhshirkb su``hsthd gt eg`bt jh cgfmhdto i bg`bhr rgsm oa bhirt dgshish ifd dgi-jhths.Is you mfow, J^I gs ushd gf cg`bt-whg`bt, durijch pcistgks. ^rodukts
gfkcudh soeh jijy jottchs, sgppy kupsifd rhusijch aood ifd drgfm koftigf-hrs, sukb is sports withr jottchs ifdTupphrwirh, koepikt dgsks,DQDs,hyh-
`ciss chfshs ifd sports siahty `o``chsifd bhcehts.
[oeh eifuaikturhrs irh pbisgf` out
ush oa J^I gf soeh produkts ifd Tup-phrwirhs Phj sgth siys gt dohs fot ush
J^I gf kbgcdrhfs produkts socd gf tbhXfgthd [tiths ifd Kifidi.J^I gs icso gfhpoxy rhsgfs ushd to eimh pigfts,idbh-sgvhs ifd kiffhd aood cgfhrs. Ifgeic
studghs bivh cgfmhd J^I wgtb jrhist,prostith ifd rhproduktgvh systhe ijfor-eicgtghs ifd soeh kifkhrs, jut hxphrts
dgsi`rhh of wbhtbhr gt poshs bhictbrgsms aor bueifs. @ovhrfehft toxgkoc-o`y skghftgsts siy tbit to rhdukh hxpo-surh, phopch kif ivogd fof-rhkykcijchpcistgk koftigfhrs tbit bivh tbh fuejhr
0 of tbh jottoe=ivogd usgf` tbhsh pcis-tgks gf tbh egkrowivh, ifd doft wisbtbhe gf tbh dgsbwisbhr wgtb birsbdhthr`hfts.Tbh ADI, wbgkb ippirhftcy
dohsft rhko`fgzh i bhictb or siahtygssuh, koftgfuhs to dhahfd J I ifd G khr-tigfcy boph gt gs of socgd `roufd.
[ourkh< Issokgithd ^rhss
CGCCW\W^ZHRI@ZOX^JXWHZ[PGFKCI[[IKTGOF[TITX[
I ahdhric lud`h gf Jroomcyf, FhwWorm,ruchd rhkhftcy tbit phfsgof aufds,cijor ufgofs ifd gfsurifkh koepifghstbit jou`bt Hcg Cgccy & Kos \yprhxi
dru` koucd suh is i `roup ifd whrhhftgtchd to i lury trgic oa kciges tbhehdgkgfh wis ovhrprgkhd.Is wh bivh
rhporthd,\yprhxi gs ipprovhd to trhitskbgzopbrhfgi ifd jgpocir dgsordhr.Tbh^cigftgaas kcige Cgccy ur`hd doktors toprhskrgjh \yprhxi aor ushs fotipprovhd jy tbh ADI.Tbh gfstgtutgofic
juyhrs, wbo sou`bt $1.2 jgccgof gfdiei`hs, kcige Cgccy ovhrprgkhd tbhdru` jy eimgf` hxkhssgvh kciges ijout\yprhxis ushaucfhss, vgocitgf` tbh
Zikmhthhr-Gfacuhfkhd ifd KorruptOr`ifgzitgofs Ikt, or ZGKO.Tbh lud`haoufd suaagkghft hvgdhfkh oa ariud jy
Cgccy gf shccgf` tbh dru` to lustgay i lurytrgic.Tbh lud`h khrtgaghd tbh kish is ikciss iktgof of tbh ZGKO kciges aor icc^cigftgaas hxkhpt gfdgvgduic pitghftswbo jou`bt tbh dru`, rhlhktgf` Cgccy
ir`uehfts tbit tbh phfsgof aufds,ufgofs ifd gfsurifkh koepifghs bidkciges too dgaahrhft to jh trghdto`htbhr.Tbhsh ^cigftgaas, icc tbgrd-pirty
piyors, jou`bt tbh dru` aor ehejhrsor kustoehrs.
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Tbh kourt bis cgegthd tbh kcige aordiei`hs to aour yhirs, aroe Lufh :>,
:>>9 uftgc Lufh :>, :>>8 wbhf tbh sugtwis agchd. Tbh tbgrd-pirty piyorsgfkcudh< tbh Xfgthd Ahdhritgof oa Thikb-hrs Phcairh Aufd, or XAKP (i ^bgcidhc-
pbgi-jishd aufd rhprhshftgf` :>,>>>aood ifd koeehrkgic wormhrs), EgdPhst Cgah Gfsurifkh, ifd tbh [hr`hift
Jhfhvochft Issokgitgof Bhictb ifdPhcairh Aufd,wbgkb rhprhshfts kurrhftifd rhtgrhd Fhw Worm Kgty ^ocgkh shr-`hifts ifd tbhgr aiegcghs;;,>>>phopch.Tbh lud`h dhfghd kciss iktgof
stitus to gfdgvgduics wgtb kcigesjhkiush bh aoufd tbhgr proposhdchidhrs kift prophrcy rhprhshft tbhproposhd kciss.
Tbgs kish wgcc jh witkbhd kcoshcy aoraurtbhr dhvhcopehfts. [gfkh tbh ^cigf-tgaas stith ciw kciges whrhft khrtgaghd
aor kciss stitus, ifd kciges jy gfdgvgduicpiyors whrhft gfkcudhd, tbh kourtsdhkgsgof gs sigd to jh i pirtgic wgf aorjotb sgdhs.
[ourkh< Jcooejhr` Fhws
ADI ZHLHKT[ZHKOEEHFDITGOFJWIDQG[OZW^IFHCOFX[HOADOZGJIR
Tbh Aood ifd Dru` Idegfgstritgofbis dhkcgfhd to ipprovh if hxpifdhdush oa Dorgjix, i Lobfsof & Lobfsof
iftgjgotgk, dhspgth if idvgsory pifhcsaivorijch rhkoeehfditgof. Tbit wistbh tbgrd tgeh gf i eoftb aor tbh ADIto rhaush to aoccow tbh `ugdifkh oa gtsoutsgdh hxphrts.Tbh ADI sigd gt fhhdhd
eorh gfaoreitgof aroe L&L jhaorh gtkoucd ipprovh Dorgjix to trhit bospg-tic-ikqugrhd pfhueofgi. Tbh dru` gskurrhftcy ipprovhd aor ush gf shrgous
kishs oa ijdoegfic ifd urgfiry-triktgfahktgofs.
Ictbou`b tbh ADI gsft ojcg`ithd to
aoccow if idvgsory koeegtthhs rhkoe-ehfditgofs, gt usuiccy bis dofh so gftbh pist. Gf hircy Iu`ust, bowhvhr, itrhfd stirthd wbhf tbh ADI dhkgdhd torhlhkt [kbhrgf`-^cou`b Korp.s [u`ie-
eidhx, i dru` tbit bhcps pitghftsrhkovhr aroe ifhstbhsgi, hvhf tbou`btbh pifhc dhkgdhd ufifgeouscy toipprovh gt.I whhm cithr, tbh i`hfky sigd
gt fhhdhd tbrhh eorh eoftbs jhaorh gtwoucd dhkgdh wbhtbhr to ipprovh
Xsthmgfueij, i L&L jgoco`gk dru` aortrhitgf` psorgisgs, i`igf dhspgth ifotbhr
pifhcs ufifgeous voth aor ipprovic.Fow wh shh i tbgrd rhlhktgof wgtbDorgjix.
Bophauccy, tbhsh dhkgsgofs irh i sg`f
oa tbh ADIs gfkrhisgf` kiutgof is whccis gts bhg`bthfhd itthftgof to siahty.Tbh i`hfky ipphirs to jh timgf` eorh
tgeh ifd ismgf` aor eorh diti jhaorh gteimhs dhkgsgofs. Gf tbh kichfdir yhir:>>0, tbh ADI ipprovhd tbh ahwhstfuejhr oa fhw dru`s97gf eorhtbif two dhkidhs,ifd ordhrhd fhw or
hfbifkhd jcikm-jox wirfgf`stbheost shrgous typhaor ijout 08 dru`s,doujch tbh fuejhr aroe aour yhirsi`o. Gf tbh kish oa Dorgjix, tbh idvg-
sory pifhcs dhkgsgof wis egxhd.Ehejhrs vothd 0-1 tbit tbh dru` wishaagkikgous ifd jy 2-8 tbit gt wis siah.
[hvhric oa tbh ehejhrs quhstgofhddhsg`f isphkts oa tbh study ushd to thsttbh dru`. Gfthrhstgf`cy, L&L sigd gt wisrhvghwgf` tbh i`hfkys chtthrifd sigdgt woucd worm to rhsocvh ify outstifd-
gf` quhstgofs. Zh`irdchss oa wbitbipphfs of Dorgjix, gts hxtrhehcyhfkouri`gf` to shh tbh ADI dogf` gtsloj gf i eiffhr tbit eimhs siahty oa
dru`s i vhry bg`b prgorgty.
[ourkh< Picc [trhht Lourfic
RG.
JX[GFH[[
CGTG@ITGOF
AZIXDKCIGE[^ZOKHHDI@IGF[TJZG[TOC-EWHZ[HRHKXTGQH
I Eifbittif ahdhric lud`h bis ruchd
tbit tbh X.[. [uprheh Kourts rhkhftrucgf` gf [tofhrgd`h Gfvhstehft ^irt-
fhrs v. [kghftgagk-Itcifti Gfk., dohsftsbghcd i Jrgstoc-Eyhrs [qugjj Ko.hxhku-
tgvh aroe shkurgtghs ariud kciges. Tbhhxhkutgvh eidh fo pujcgk stithehfts,jut bgs jhbivgor wis khftric to tbhkoepifys icch`hd egskofdukt. Jrgstoc-
Eyhrs sbirhbocdhrs irh sugf` tbhkoepify ifd two oa gts top hxhkutgvhsaor icch`hdcy egschidgf` tbhe ijoutpithft cgtg itgof i`igfst Ipothx, i
eifuaikturhr oa i `hfhrgk vhrsgof oa
Jrgstoc-Eyhrs jhst-shccgf` ^civgx jcood-tbgffgf` dru`.Ikkordgf` to sbirhbocd-
hrs, tbh koepify jir`igfhd iwiy eukboa gts rg`bt to shhm diei`hs aor pithftgfargf`hehft to strgmh i cgkhfsgf` dhicwgtb Ipothx tbit wis sujshquhftcy
rhlhkthd jy rh`ucitors.Tbh koepify icch`hdcy kofkhichd
tbh hxthft to wbgkb gt bid biestruf`
gts cgtg`itgof optgofs ifd pujcgkcy stithdgt woucd vg`orouscy pursuh pithft cgtg-`itgof i`igfst Ipothx.Ifdrhw Jodfir,Jrgstoc-Eyhrs aorehr shfgor vgkh prhsg-dhft aor strith`y, kirrghd out tbh shttch-
ehft fh`otgitgofs wgtb Ipothx, juteidh fo pujcgk stithehfts ijouttbhe.Tbh [tofhrgd`h dhkgsgof cgegthdcgijgcgty aor shkurgtghs ariud jy iktors
wbo whrh too rheotharoe gfvhstors.Jut tbh dgstrgkt lud`h rhlhkthd tbitir`uehft stitgf` www.JhischyIcchf.koe
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dgstrgjuth isshts ufdhr kourt suphrvg-sgof gf ordhr to piy tbh kciges oa
phrsofs gfsurhd ifd owhd eofhy jyIejissidor.
If ikkouftgf` eicpriktgkh ciwsugt,agchd gf 9728 jy tbh Qhreoft gfsurifkh
koeegssgofhrs i`igfst ^rgkhPithr-boushKoophrs, kbir`hd Iejissidorsoutsgdh ikkouftifts wgtb fh`cg`hfkh gf
koffhktgof wgtb iudgts oa Iejis-sidors agfifkgic stithehfts tbit shrvhdto kofkhic aroe rh`ucitors tbh gfsur-ifkh koepifys agfifkgic whimfhss ifdfhir gfsocvhfky.I trgic gf ahdhric kourt
gf Fhwirm, Fhw Lhrshy, rhsucthd gf ilury vhrdgkt i`igfst ^rgkhPithrboushK-oophrs ifd tbh hstith oa Irfocd Kbigt,Iejissidors aorehr prhsgdhft.
Tbh X.[. Kourt oa Ipphics aor tbhTbgrd Kgrkugt upbhcd tbh :>>8 vhrdgktifd ^rgkhPithrboushKoophrs ojcg`i-
tgof to piy icc oa tbh rhsuctift diei`hs,ifd kofagrehd lud`ehft aor tbh aucc$92:.7 egccgof.^iuchtth L.Tbijiuct,koe-egssgofhr oa tbh Qhreoft Dhpirtehftoa Jifmgf`, Gfsurifkh, [hkurgtghs ifd
Bhictb Kirh Idegfgstritgof sigd sbhkofsgdhrs tbh outkoeh ifotbhr sukkhssaor stith-jishd rh`ucitgof oa gfsurifkhkoepifghs,fotgf` tbit Iejissidor poc-
gkybocdhrs ifd kcigeifts wgcc agficcybivh tbh opportufgty to rhkhgvh tbhgfsurifkh prokhhds tbhy whrh duh
ufdhr Iejissidor gfsurifkh pocgkghs isi rhsuct oa tbhsh prokhhdgf s. Koeegs-sgofhr Tbijiuct bid tbgs to siyEGCCGOFIPIZDTO$97 EGCCGOF
Tbh geport oa tbh two words
gfhqugtijch kofduktirh whcc-mfowf
to pithft owfhrs. Tbhsh words wgcckost Ehdtrofgk fhircy $90> egccgof gf
diei`hs tbit tbh ehdgkic dhvgkhkoepify wof hircghr tbgs yhir gf ifgfargf`hehft trgic i`igfst Jostof [kghf-tgagk. Lud`h T. Lobf Pird aoufd tbit i
mhy Ehdtrofgk pithft i`hft, Liehs Krgt-thfdhf,wgtbbhcd rhchvift gfaoreitgofaroe tbh X.[. ^ithft ifd Tridheirm
Oaagkh (^TO) wbhf Ehdtrofgk sou`bttwo pithfts of kitbhthrs tbit koucddhcgvhr dru`-koithd sthfts to kirdgikpitghfts. Ieof` tbh oegtthd eithrgicwis gfaoreitgof of Ehdtrofgks owf
prgor gfvhftgofs.Krgtthfdhf, wbo gs fot i ciwyhr, sua-
ahrhd i shgzurh gf 9777 ifd kcigehddurgf` sworf thstgeofy tbit bh bis
eheory projches is i rhsuct.I lury gfg-tgiccy iwirdhd Ehdtrofgk $:8> egccgofiathr agfdgf` tbit Jostof [kghftgagk
gfargf`hd tbrhh sthft-rhcithd pithfts.Pbgch Jostof [kghftgagk bis fow jhhfijch to rhdukh tbit iwird dowf to $97egccgof, tbh koepify stgcc pcifs toipphic tbh lurys agfdgf` oa gfargf`h-
ehft. Ehdtrofgk pcifs to ipphic Lud`hPirds rucgf` of tbh diei`hs gssuh.Jostof [kghftgagk ir`uhd tbit tbh gfaor-eitgof Krgtthfdhf wgtbbhcd wis fot
rhchvift, ifd tbit bh dgd fot gfthftgof-iccy dhkhgvh tbh ^TO. Jut Lud`h Pirddgsi`rhhd,stitgf` gf bgs ordhr tbitegccgof, gs icrhidy jhgf` kbicchf`hd gfahdhric kourt gf Dhciwirh. Icc oa tbgs
koehs iegd gfkrhisgf` doujts ijouttbh haahktgvhfhss oa sthfts,ikkordgf` totbh P[L Bhictb Jco`. Icso, i rhkhftstudy aoufd sur`hry wormhd jhtthr
tbif sthfts aor pitghfts wgtb hsphkgiccydif`hrous irthry jcokmi`hs.
[ourkh< Tbh Iehrgkif Ciwyhr
XFGTHDZHFTIC[[HTTCH[TBZHHKCI[[IKTGOF[XGT[
Xfgthd Zhftics Gfk., tbh cir`hst X.[.
kofstruktgof-hqugpehft rhftic koepify,bis shttchd tbrhh kciss iktgof ciwsugtsaor $:0.8 egccgof.Tbh koepifys gfsur-ifkh kirrghrs wgcc piy soeh shttchehft
ifd dhahfsh kosts.Tbh ciwsugts whrh
agchd aoccowgf` if ikkouftgf` projh jytbh [hkurgtghs ifd Hxkbif`h Koeegs-sgof iffoufkhd gf :>>4.Tbit gfvhstg`i-
tgof gs stgcc of`ogf` ifd Xfgthd Zhfticssiys gt wgcc hfthr shttchehft ticms wgtbtbh [HK.Tbosh gfvocvhd gf tbh ciwsugtsirh gfvhstors wbo jou`bt Xfgthd
Zhftics shkurgtghs aroe Ahjruiry :2,:>>9,to Iu`ust ;>, :>>4.
[ourkh< Tbh[tir.koe
RGG.GF[XZIFKH IFD
AGFIFKH X^DITH
ZH[^OFDGF@TOTBHIJX[HOAHCDHZCWGFQH[TOZ[
Liy Iu`bteif, i ciwyhr gf our agrewbosh sphkgicty dhics wgtb gfsurifkhifd agfifkgic cgtg`itgof, wroth if irtgkchrhkhftcy dhicgf` wgtb iffugtghs.Bh bis
kofdhfshd gt aor tbgs gssuh oa tbhZhport. Ga you woucd cgmh to bivh ikopy oa tbh koepchth irtgkch, wbgkbipphirhd gf tbh Aicc :>>2 gssuh oa tbh
Iehrgkif Jir Issokgitgof Cgah Gfsur-ifkh Ciw Koeegtthh Fhwschtthr, cht Liymfow.Tbgs gs tbh kofdhfshd vhrsgof ifd
ocdhr eimh up 98% oa tbh X.[.
popucitgof, jut tbhy ikkouft aor
ijout ;>% oa ariud vgktges.Tbhrh
irh eify rhisofs aor tbgs stitgs-
tgk, hsphkgiccy is gt rhciths to
iffugtghs.Agrst, iffugtghs, jy tbhgr
vhry fiturh, irh koepchx. [hkofd,
eify shfgors, jhkiush oa tbhgr
i`h, oathf bivh dgegfgsbhd kipik-
gty to ufdhrstifd koepchx gfvhst-
ehft trifsiktgofs. Eify icsobivh i bhg`bthfhd ahir oa outcgv-
gf` tbhgr isshts.Iathr i cgahtgeh oa
sivgf` eofhy to rhtgrh, shfgors
birjor shrgous kofkhrfs ijout
rgsmy gfvhstehfts ifd worry
ijout jhgf` i jurdhf to tbhgr
aiegcghs or chat icofh gf i fursgf`
boeh. Is sukb, shfgors wbo eiy
bivh fo rhic aiegcgirgty wgtb
agfifkgic pciffgf` kif jh hisy
prhy aor ufskrupucous gfsurifkh
koepifghs ifd irh cucchd gfto iaicsh shfsh oa shkurgty jy tbhgr
sichs i`hfts. Xfaortufithcy, eost
shfgors do fot dgskovhr tbh ariud
uftgc gt gs too cith.
Ofh kbiffhc oa iffugty sichs tbit
bis jhkoeh qugth koeeof gs tbh
ush oa koeehrkgic jifms is gfdh-
phfdhft dgstrgjutgof kbiffhcs.
Jifms bivh jhkoeh ofh oa tbh
chidgf` eirmhthrs oa dhahrrhd
iffugtghs, wbgkb irh ofcy rh`u-
cithd jy stith gfsurifkh dhpirt-
ehfts. Jhkiush ify jifm
hepcoyhh, coif oaagkhr, or kus-
toehr shrvgkh rhprhshftitgvh kif
ojtigf i stith gfsurifkh cgkhfsh
jy pissgf` tbh stith-rhqugrhd
hxiegfitgof, gfsurifkh koepi-
fghs ikross tbh kouftry bivhfh`otgithd koftrikts wgtb eify
oa tbh cir`hr ifd egdsgzhd koe-
ehrkgic jifms aor shccgf` tbhsh
produkts. Jifms bivh i kiptgvh
kcghfthch aor wbgkb tbhy kif
eofgtor ikkouft jicifkhs, khrtgag-
kiths oa dhposgt rhfhwics, ifd
otbhr aores oa kisb trifsiktgofs.
[ukb kustoehrs kif jh hisy prhy
aor arghfdcyjifmhrs.
Koeehrkgic jifms bivh jhkoeh
eorh i``rhssgvh gf proiktgvhcy
shhmgf` out tbhgr owf kustoehrs
aor dhahrrhd iffugty sichs. Oathf,
jifm hepcoyhhs shccgf` iffugtghs
bivh fot rhkhgvhd sg`fgagkift
trigfgf` aroe tbh gfsurifkh
koepify ufdhrwrgtgf` tbh
produkt. Kofsuehrs sboucd jh
kiutgous gf purkbisgf` is koepcg-
kithd i produkt is if iffugty
aroe ifyofh wbo gs fot ducy
quicgaghd ifd trigfhd gf icc
isphkts oa tbh gfstruehft.
[oeh gfsurhrs bivh jhhf suhd
rh`irdgf` tbh jofus ahiturh eir-
mhtgf` gf soeh dhahrrhd iffugty
produkts. IG@, Cgfkocf Fitgofic,
ifd Lobf Bifkokm whrh icc
fiehd is dhahfdifts gf shpirith
ciwsugts gf virgous lurgsdgktgofs
aor ariuduchftcy rhprhshftgf` agrst-
yhir jofus produkts is `uirif-
thhgf` tbh jofus phreifhftcy gf
tbh koftrikt. Tbh kciges gf tboshkishs icso icch`h tbh gfsurhrs bid
jrhikbhd tbh iffugty koftrikts jy
tbh aikt tbhy aigchd to dgskcosh tbit
tbhy rhkipturh tbh agrst-yhir jofus
tbrou`b shkrht ahhs or kbir`hs ifd
gfthrhst rith sprhids gf yhirs two
tbrou`b sgx oa tbh koftrikt.
Gfsurifkh koepifghs irh iwirh
tbit dhkhptgvh eirmhtgf` ifd
sichs priktgkhs to gfdukh shfgors
to purkbish ufsugtijch dhahrrhd
iffugtghs irh jhgf` hepcoyhd jy
fuehrous sichs i`hfts tbrou`b-
out tbh fitgof. Gfdhhd, eify oa
tbh eost powhrauc gfsurifkh koe-
pifghs iktuiccy spofsor or
provgdh aufdgf` aor trigfgf` she-
gfirs tbit hxpcgkgtcy thikb sichs
i`hfts bow to tir`ht shfgors. Gftbhsh shegfirs tbh i`hfts irh
tiu`bt to dgskovhr ga tbh shfgors
bivh isshts tbit kif jh ushd to
purkbish if iffugty produkt ifd
bow to kofvgfkh tbh shfgor to pur-
kbish if iffugty. ^hrbips eost
thccgf`, bowhvhr, gs tbit tbhsh koe-
pifghs hfkouri`h i`hfts to shcc
ufsugtijch iffugtghs to shfgors jy
oaahrgf` hforeous sichs gfkhf-
tgvhs, koeegssgofs, ifd otbhr pro-
eotgofs to eigftigf or gfkrhisheirmht sbirh aroe tbh sich oa
dhahrrhd iffugtghs.
Eost gfsurifkh koepifghs koe-
pchthcy g`forh stitutory rhqugrh-
ehfts tbit i`hfts eust provgdh
dokuehftitgof tbit tbhy bivh
rhvghwhd ifd vhrgaghd tbh sugtijgc-
gty oa tbhgr dhahrrhd iffugty prod-
ukts aor tbh shfgors wbo
purkbishd tbh produkt. Ifd duh
dgcg`hfkh jy tbh i`hft to prhvhft
egschidgf` or gfkoepchth sichsprhshftitgofs gs ijshft.
Cgtg`itgof kofkhrfgf` iffugtghs kof-tgfuhs to `row gf tbh Xfgthd [tiths.Tbh
gssuhs ifd rhcithd kiushs oa iktgof kof-khrfgf` iffugty gfvhstehfts wgcc kof-tgfuh is cof` is gfsurifkh koepifghsifd tbhgr i`hfts tir`ht sokghtys eost
vucfhrijch kgtgzhfs. Ga you wift eorhgfaoreitgof rhcitgf` to iffugtghs cgtg`i-tgof koftikt Liy Iu`bteif it 2>>-272-
:>;4 or jy heigc it Liy.Iu`bteifNJhischyIcchf.koe.
[TITHAIZEOZDHZHDTOZHAXFD$9:>EGCCGOFGFACOZGDI
Tbh [tith oa Acorgdi bis ordhrhd [tith
Aire Acorgdi to gssuh rhaufds toticgf`$9:> egccgof doccirs