'DQNVDJXQJ
'LHVHH$UEHLWZLGPHLFKKPHLQHP6RKQ0D[LPGHUPLFKKLQQVFKZLHULJHQ6LWXDWLRQHQQLPPHUU ZLHGHUPLWWVHLQHPP/lFKHOQQDXIEDXWHXQGGPRWLYLHUWH
'HVZHLWHUHQQP|FKWHLFKKPLFKKDQGLHVHU6WHOOHHEHLLDOOHQQ3HUVRQHQQEHGDQNHQGLHHPLFKKEHLL GHU(UVWHOOXQJJGLHVHUU$UEHLWXQWHUVWW]WKDEHQ
=XXDOOHUHUVWWJHKWHLQQJDQ]EHVRQGHUHU'DQNNDQPHLQH(OWHUQQ0DULQDDXQGG$OH[DQGHU /HWVFKHUGLHQLFKWWQXUUPHLQQ6WXGLXPILQDQ]LHUWKDEHQVRQGHUQDXFKKVWlQGLJHLQQVHKUU JURHVV,QWHUHVVHDQQPHLQHU$UEHLW]HLJWHQXQGPLFKKVRRJXWHVVJLQJXQWHUVWW]WHQ
(EHQIDOOVVEHGDQNHQQP|FKWHLFKKPLFKKEHLPHLQHUU5HIHUHQWLQ)UDX3URI'U+HVVH6FKPLW] GLHHVWHWVVIUUPLFKDQVSUHFKEDUZDUXQGPLUGLHH)UHLKHLWJHODVVHQKDWGLHH$UEHLWQDFK HLJHQHQQ9RUVWHOOXQJHQQ]XHQWZLFNHOQ
$XHUGHPPJLOWDXFKHLQQEHVRQGHUHUU'DQNPHLQHUU.RUUHIHUHQWLQ)UDX(YDD6FK|EHUOGLHPLWW VHKUYLHOO(QJDJHPHQWJXWHQQ,GHHQQXQGXQHUPGOLFKHP(LQVDW]PHLQHH%DFKHORUDUEHLWW EHWUHXWKDW
'HVZHLWHUHQQP|FKWHLFKKPLFKKDXFKEHLL)UDX'U,UHQHH'UXGHHIUUGDV.RUUHNWXUOHVHQXQGG ZHLWHUHH$QUHJXQJHQIUUGDVV9HUIDVVHQQHLQHUZLVVHQVFKDIWOLFKHQQ$UEHLWWJDQ]KHU]OLFKK EHGDQNHQ
%HGDQNHQP|FKWHLFKKPLFKKDXFKKEHLPHLQHQ6FKZLHJHUHOWHUQQ/LOOLLXQGG+HOPXWW5RKQGLHH ZlKUHQGGPHLQHU6FKUHLESKDVHHDQQGLHVHU$UEHLWGLH%HWUHXXQJJPHLQHVV6RKQHVV0D[LP OLHEHYROOOEHUQDKPHQ
*URHU'DQNJHEKUWDXFKKPHLQHP(KHPDQQQ$OH[DQGHU5RKQGHUZlKUHQGGGHUUDFKWW :RFKHQQDXIYLHOOJHPHLQVDPH=HLWYHU]LFKWHQQPXVVWHHXQGPLFKKVWHWVPRUDOLVFKKXQWHUVWW]WH XQGGPRWLYLHUWH
;HQLDD5RKQ
,QKDOWVYHU]HLFKQLV
(LQOHLWXQJ
.DSLWHO+DIWXQJVV\VWHPPIUU2UJDQHYRQQ.DSLWDOJHVHOOVFKDIWHQ
*PE+*HVFKlIWVIKUHU ,QQHQKDIWXQJJHJHQEHUUGHU*HVHOOVFKDIW $XHQKDIWXQJJHJHQEHU*HVHOOVFKDIWHUQXQGGJHVHOOVFKDIWVIUHPGHQQ 'ULWWHQ 9RUVWDQGGHU$NWLHQJHVHOOVFKDIW ,QQHQKDIWXQJJHJHQEHUUGHU*HVHOOVFKDIW $XHQKDIWXQJJHJHQEHU$NWLRQlUHQQXQGJHVHOOVFKDIWVIUHPGHQ 'ULWWHQ
.DSLWHO0|JOLFKNHLWHQQ]XU+DIWXQJYHUPHLGXQJJ
,QIRUPDWLRQVRUJDQLVDWLRQLP8QWHUQHKPHQ 'HOHJDWLRQQYRQQ3IOLFKWHQQXQG$XIJDEHQ *HVHOOVFKDIWHUZHLVXQJJ (QWODVWXQJ *HQHUDOEHUHLQLJXQJJ
9HUHLQEDUXQJEHUU+DIWXQJVEHIUHLXQJRGHUU+DIWXQJVPLOGHUXQJJ 6XPPHQPlLJH+DIWXQJVEHJUHQ]XQJJ 9HUNU]XQJGHU9HUMlKUXQJVIULVW +DIWXQJVDXVVFKOXVVVIUUHLQIDFKHH)DKUOlVVLJNHLW '29HUVLFKHUXQJ
=XVDPPHQIDVVXQJ
/LWHUDWXUYHU]HLFKQLV
$QKDQJL
$ENU]XQJVYHU]HLFKQLV
¼ $EE $EV $* $NW* DOOJ $2 %*% %*+ E]Z &'8 &68 ''2 GK '&*.
I II )Q *) JJI *PE+ *PE+* +6 L9P ,QV2 .DS 1U R-R9 5Q 6 VR VRJ 6W*% X XD 80$* YJO 9RUVW$* 99* ]%
(LQOHLWXQJ
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|QOLFKKLQQ+DIWXQJJHQRPPHQ ZHUGHQQ XQGG GLH 0DQDJHUKDIWXQJ DOOJHPHLQQ YHUVFKlUIW ZLUG Ä(VV LVW RULJLQlUHH $XIJDEHH GHV *HVHW]JHEHUVGXUFKK]LYLOXQGGVWUDIUHFKWOLFKHH+DIWXQJVWDWEHVWlQGHHGLHHJHERWHQHQQ*UHQ]HQQ ]X PDUNLHUHQ³ VDJWH GHU 3DUODPHQWDULVFKHH *HVFKlIWVIKUHU GHU &'8&688 ± %XQGHVIUDNWLRQ 1RUEHUWW 5|WWJHQQ &'8 GHUU )LQDQFLDOO 7LPHVV 'HXWVFKODQG $XFKK %XQGHVNDQ]OHULQQ$QJHODD0HUNHOO&'8lXHUWHVLFKKLQLKUHU5HJLHUXQJVHUNOlUXQJ]XXGLHVHUU 3UREOHPDWLN ,KUHU 0HLQXQJ QDFKK VROOHQQ GLHH 9RUVWlQGH XQGG *HVFKlIWVIKUHU LQQ =XNXQIWW VWlUNHUIU GLHH )ROJHQQ LKUHVV 0LVVPDQDJHPHQWV ]XU 9HUDQWZRUWXQJJH]RJHQQ ZHUGHQ =ZDU JLEWW HVV EHUHLWV JHVHW]OLFKHH *UXQGODJHQ LQQ 'HXWVFKODQGG XPP .RQ]HUQFKHIV LQQ +DIWXQJ ]X QHKPHQ GRFKK PDQQ VWHOOW LPPHU ZLHGHU IHVW GDVVV GLHVHH *HVHW]HH VRR JXW ZLHH QLHH JHQXW]W ZHUGHQ VRR GLHH .DQ]OHULQ 8QGG VRPLW IRUGHUW DXFKK )UDXX 0HUNHOO VFKlUIHUH 0DQDKPHQQ IU GLHH0DQDJHUKDIWXQJ
$OOHUGLQJV LVW HVV VHKU VFKZHU DE]XZlJHQQ ZDQQQ HLQQ )HKOYHUKDOWHQQ YRUOLHJW XQGG ZDQQQ HLQH IDOVFKHH8QWHUQHKPHQVHQWVFKHLGXQJJHWURIIHQQZXUGH'HQQQHVVLVWDOOJHPHLQQEHNDQQWGDVV GLHH 0DQDJHPHQWWlWLJNHLWW DXFKK HLQQ JURHVV 5LVLNRR PLW VLFKK EULQJW (LQQ 0DQDJHU LVW HLQHH OHLWHQGHH 3HUVRQ GLHH HLJHQYHUDQWZRUWOLFKK KDQGHOQQ PXVV JURHH 9HUIJXQJVJHZDOW EHVLW]W
XQGG VRPLW EHLL MHGHU XQWHUQHKPHULVFKHQQ (QWVFKHLGXQJ HLQQ HUKHEOLFKHVV 5LVLNRR HLQJHKW 'HU (UIROJHLQHUVROFKHQQ(QWVFKHLGXQJLVWQLFKWWYRUKHUVHKEDU7ULWWHLQQVFKZHUZLHJHQGHU)HKOHU VHLWHQVVGHU8QWHUQHKPHQVIKUXQJDXIVRRPVVHQQGLHH0DQDJHUVHOEHUEHZHLVHQGDVVVVLH ZHGHU YRUVlW]OLFKK QRFKK IDKUOlVVLJ JHKDQGHOWW KDEHQ 'RFK GLHH MXULVWLVFKHQQ +UGHQQ IU HLQ
s&&
s^DDDDD
s^DDDDD
)HKOYHUKDOWHQQ VLQGG VHKU KRFK XQGG HLQ )HKOYHUKDOWHQQ LVW NHLQQ )HKOYHUKDOWHQ ZHQQ QLFKW RIIHQVLFKWOLFKK UHFKWVZLGULJ RGHU JUREE IDKUOlVVLJ JHKDQGHOW ZXUGH 'HQQQ LQQ 9HUELQGXQJ PLW GHP DOOJHPHLQHQQ XQWHUQHKPHULVFKHQQ 5LVLNR LVW HLQQ )HKOYHUKDOWHQQ VHKU VFKZHU QDFK]XZHLVHQ )DOOVV HVV DEHU GRFKK HLQHH 0|JOLFKNHLW JLEW HLQQ )HKOYHUKDOWHQQ QDFK]XZHLVHQ PVVHQGLHH0DQDJHU]DKOHQ
'LHH )LQDQ]NULVHH ]HLJW GDVVV 0DQDJHU LKUHH HLJHQHQQ )lKLJNHLWHQ RIW EHUVFKlW]HQ ]X NXU]IULVWLJHU 2ULHQWLHUXQJ QHLJHQQ XQGG YHUVXFKHQQ DNWXHOOHH 7UHQGVV ]XX EHIROJHQ RKQHH GDEHL GLHH P|JOLFKHQQ 5LVLNHQQ LQ %HWUDFKW JH]RJHQQ ]X KDEHQ $XIJUXQGG GHVVHQQ JLEW HVV HLQLJH 0|JOLFKNHLWHQQ XQGG 9RUJHKHQVZHLVHQQ XP )KUXQJVSHUVRQDOO LQQ 8QWHUQHKPHQQ YRU VROFKHQQ VFKZHUZLHJHQGHQQ.RQVHTXHQ]HQZLHH]XP%HLVSLHOOGLHH +DIWXQJPLWGHP3ULYDWYHUP|JHQ IU HLQHH P|JOLFKHH XQDEVLFKWOLFKK IDOVFKHH 8QWHUQHKPHUHQWVFKHLGXQJ ]X VFKW]HQQ XQGG VLHH SULYDW QLFKW NRPSOHWW LQ GHQQ ILQDQ]LHOOHQQ 5XLQ ]XX WUHLEHQ 'HQQQ PLWW GHU DXIHUOHJWHQ 9HUDQWZRUWXQJ ZLUG RKQHH KLQQ VFKRQQ HLQQ HQRUPKRKHU LQWHUQHU XQGG H[WHUQHU 'UXFN DXI GDV 0DQDJHPHQWDXVJHEW
,P :HLWHUHQQ ZLUG GLHVHH 3UREOHPDWLN NRQNUHWLVLHUW XQGG HUOlXWHUW =XQlFKVW ZLUG GDV +DIWXQJVV\VWHP IU 2UJDQHH YRQQ .DSLWDOJHVHOOVFKDIWHQQ LP $OOJHPHLQHQQ EHVFKULHEHQ 6FKOLHOLFKK ZHUGHQQ GLHH YHUVFKLHGHQHQQ 0|JOLFKNHLWHQQ ]XU +DIWXQJVYHUPHLGXQJ YRUJHVWHOOWW XQGGQlKHUHUNOlUW
sssss:::tttttDDDDDD
.DSLWHO+DIWXQJVV\VWHPPIU2UJDQHHYRQ
.DSLWDOJHVHOOVFKDIWHQ
:LHHYRUKHUVFKRQQHUZlKQWZHUGHQQGLHH)RUGHUXQJHQQQDFKKHLQHUYHUVFKlUIWHQQ+DIWXQJYRQ 0DQDJHUQQLPPHUODXWHUREZRKOOEHUHLWVHUKHEOLFKHH+DIWXQJVULVLNHQQIU*HVFKlIWVIKUHUXQG 9RUVWlQGH GLHH LP VFKOLPPVWHQQ )DOOO PLW LKUHP SHUV|QOLFKHQQ 9HUP|JHQQ KDIWHQ LP 6\VWHP EHLQKDOWHW VLQG 'LHVV ZLUG XPVRR PHKU ]XX HLQHU %HODVWXQJ GHQQQ HVV LVWW RKQHH KLQQ VFKRQ EHNDQQW GDVVV HLQQ XQWHUQHKPHULVFKHU (UIROJ QLFKW LPPHU RKQHH GDVV (LQJHKHQQ YRQQ 5LVLNHQQ
6RRNDQQQHLQQRUJDQVFKDIWOLFKHVV)HKOYHUKDOWHQQVRZRKOO]XHLQHU,QQHQKDIWXQJJHJHQEHUGHU *HVHOOVFKDIW DOVV DXFKK ]X HLQHU $XHQKDIWXQJ JHJHQEHU *HVHOOVFKDIWHUQ XQG
*PE+*HVFKlIWVIKUHU
Ä'HU *HVFKlIWVIKUHU LVWW GDVV +DQGOXQJVRUJDQQ GHU *PE+³ 'HU *HVFKlIWVIKUHU KDQGHOWW VRZRKOLQWHUQLQGHPHUDOOHH$QJHOHJHQKHLWHQQGHU*HVHOOVFKDIWLP,QQHQYHUKlOWQLVVHUOHGLJW DOVV DXFKK H[WHUQ ZRPLW GLHH $XHQYHUWUHWXQJ GHU *HVHOOVFKDIW JHPHLQW LVW 'HU
$EV$XHUGHPGDUINHLQQ(LQZLOOLJXQJVYRUEHKDOW%*%YRUOLHJHQ'HVZHLWHUHQQLVWW HLQQEHK|UGOLFKHVV%HUXIVYHUERWLP*HVFKlIWV]ZHLJGHU*PE++XQGGHLQHH9HUXUWHLOXQJZHJHQQ EHVWLPPWHU 6WUDIWDWHQQ $EV *PE+* HLQHH DEVROXWHH 6SHUUH IU GHQQ 3RVWHQQ HLQHV *HVFKlIWVIKUHUV
/DXW $EV *PE+* VLQGG GLHH *HVFKlIWVIKUHU YHUSIOLFKWHW Ä«GLHH 6RUJIDOW HLQHVV RUGHQWOLFKHQQ *HVFKlIWVPDQQHVV DQ]XZHQGHQ³ 'DPLWW LVWW GLH Ä«6RUJIDOW HLQHV VHOEVWVWlQGLJHQ WUHXKlQGHULVFKHQQ 9HUZDOWHUV IUHPGHU 9HUP|JHQVLQWHUHVVHQQ LQ YHUDQWZRUWOLFKKOHLWHQGHU3RVLWLRQ«³ JHPHLQW8PJHQDXHU]XXVHLQEHVWHKWGLHH$XIJDEHH HLQHVV *HVFKlIWVIKUHUVV GDULQ GLHH =DKOXQJVIlKLJNHLW GHU *PE++ ]XX EHUZDFKHQQ XQGG EHL
sssss&&&&^^^^^
sssss>>>>^^^^
s<^Z
ssssssssDDDDDD^^^^^^^^ZZZZZZZ
ttttttttttZZZZ E,,,,,,,,,,ZZZZZZ
%HGDUIHLQHQQ)LQDQ]SODQQ]XHQWZLFNHOQQXP/LTXLGLWlWVHQJSlVVHHUHFKW]HLWLJ]XXHUNHQQHQQXQG ]XEHVHLWLJHQ
=XX GHQQ JHVHW]OLFKK JHUHJHOWHQQ 3IOLFKWHQ HLQHVV *HVFKlIWVIKUHUV JHK|UHQQ XD GLH
*PE+* (LQEHUXIXQJJ GHU *HVHOOVFKDIWHUYHUVDPPOXQJ EHLL 9HUOXVWW GHU +lOIWH GHV 6WDPPNDSLWDOV$EV$EV*PE+*GLHH$NWXDOLVLHUXQJGHU*HVHOOVFKDIWHUOLVWH $EV X *PE+* GLHH $QPHOGXQJ GHU ,QVROYHQ] EHLL =DKOXQJVXQIlKLJNHLW RGHU hEHUVFKXOGXQJ GHU *HVHOOVFKDIW DD ,QV2 XQGG GLHH 3IOLFKWHQQ EHLL *UQGXQJ GHU *HVHOOVFKDIWWD*PE+*
hEHUGLHVV EHVWHKHQQ QRFKK DOOJHPHLQHH 3IOLFKWHQ GHU *HVFKlIWVOHLWXQJ GLHH XD GLH
*PE+* XQGG GLHH 7UHXHSOLFKW PLW :HWWEHZHUEVYHUERW 9HUVFKZLHJHQKHLW XQGG /R\DOLWlW EHLQKDOWHQ
%HLL3IOLFKWYHUOHW]XQJVLHKWGDVV*HVHW]ODXW$EV*PE+*GLHH+DIWXQJJHJHQEHUGHU *HVHOOVFKDIW GLHH VRJ ,QQHQKDIWXQJ YRU $XHUGHPP EHVWHKWW GLH 0|JOLFKNHLWW GHUU VRJ $XHQKDIWXQJ EHLL GHU GHU *HVFKlIWVIKUHU JHJHQEHU GHQQ *HVHOOVFKDIWHUQ VRZLHH GHQQ JHVHOOVFKDIWVIUHPGHQQ'ULWWHQKDIWHW
,QQHQKDIWXQJJJHJHQEHUUGHU*HVHOOVFKDIWW
6REDOGG HLQHH %HVWHOOXQJJ ]XP *HVFKlIWVIKUHU HUIROJW XQG GLHH 2UJDQWlWLJNHLW YRQQ LKPP EHUQRPPHQQ ZLUG HQWVWHKW GLHH *HIDKU HLQHUP|JOLFKHQQ ,QQHQKDIWXQJ 'DEHLL LVW HVV QLFKW ZLFKWLJREEHLQHHZLUNVDPPHUODQJWH2UJDQVWHOOXQJYRUOLHJW 'HP%*+]XIROJHLVWDXFKKGHU IDNWLVFKH *HVFKlIWVIKUHU GHU PLWW GHPP (LQYHUVWlQGQLVV GHU *HVHOOVFKDIWHU GDXHUKDIW IU GLHH*HVFKlIWHGHU*HVHOOVFKDIWW]XVWlQGLJLVW]XXGHU,QQHQKDIWXQJKHUDQ]X]LHKHQ :LHH ]XYRU VFKRQQ HUZlKQW ELOGHW $EV*PE+* GLHH 5HFKWVJUXQGODJHHIU GLHH +DIWXQJ GHVV *HVFKlIWVIKUHUVVIU 3IOLFKWYHUOHW]XQJHQ LQQ GHU 8QWHUQHKPHQVWlWLJNHLW 'LHVHU EHVDJW Ä*HVFKlIWVIKUHUZHOFKHLKUHH2EOLHJHQKHLWHQQYHUOHW]HQKDIWHQQGHU*HVHOOVFKDIWWVROLGDULVFK IU GHQQ HQWVWDQGHQHQQ 6FKDGHQ³ 'DUXQWHU LVW EHLVSLHOZHLVHH GLHH VFKXOGKDIWHH 9HUOHW]XQJ JHVHW]OLFKHU3IOLFKWHQGLHHGHU*HVHOOVFKDIWILQDQ]LHOOHH1DFKWHLOHHHLQUlXPHQ9HUVWRJHJHQ GLHH $QRUGQXQJHQQ GHU *HVHOOVFKDIWHU 1LFKWEHDFKWXQJ GHU *UHQ]HQQ GHU 9HUWUHWXQJVPDFKWW JHJHQEHU GHU *PE+ VWUDIEDUHVV 9HUKDOWHQ GDV GLHH *PE++ VFKlGLJW XQG GLHH VFKXOGKDIWH 9HUOHW]XQJ GHU 3IOLFKW EHLL *HVFKlIWVWlWLJNHLWHQ NHLQHH EHUPlLJHQQ 5LVLNHQQ HLQ]XJHKHQ
sssss^^^^^^^^^WZ<<<<
&''''&,,,,, ttttt''''
sssssE&ZZZZZZZ
JHPHLQW:REHLL DEHU ULVNDQWHH *HVFKlIWH EHLL YHUJOHLFKEDU KRKHQQ (UIROJVFKDQFHQQ JHVWDWWHWW VLQG
$OOHH 3IOLFKWHQQ XQG GHUHQQ ,QKDOW JHKHQ DXVV GHPP *HVHW] *HVHOOVFKDIWVYHUWUDJ $QVWHOOXQJVYHUWUDJ *HVFKlIWVRUGQXQJ XQG (LQ]HODQZHLVXQJ KHUYRU 'DEHLL VWHKW GLH RUGQXQJVJHPlHH 8QWHUQHKPHQVIKUXQJJ ZHLW LP 9RUGHUJUXQG (LQHH
YHUDQWZRUWXQJVEHZXVVWH8QWHUQHKPHQVIKUXQJ]LHKWVWHWVGLHH,QWHUHVVHQQGHU*HVHOOVFKDIWW YRU 'HPP *HVFKlIWVIKUHU LVW HV DXVGUFNOLFKK YHUERWHQQ JHJHQ GLHH ,QWHUHVVHQ GHU *HVHOOVFKDIW IU VHLQHQ HLJHQHQQ =ZHFN VHLQHH 3RVLWLRQQ DXV]XQXW]HQ 'LHVHH 6WHOOXQJ EHUHFKWLJWLKQQDXHUGHPPGD]XIUHPGHV9HUP|JHQQ]XYHUZDOWHQ$XVVGLHVHP*UXQGGLVWGHU *HVFKlIWVIKUHU]XXHLQHUEHVRQGHUHQQ7UHXHHJHJHQEHUGHU*HVHOOVFKDIWYHUSIOLFKWHW6HLQH $XIJDEHH EHVWHKW GDULQ GHQQ =ZHFN GHU *HVHOOVFKDIW VWHWVV ]X YHUZLUNOLFKHQ ,QQ GLHVHP =XVDPPHQKDQJ LVW GHU *HVFKlIWVIKUHU DXFKK GHU 9HUVFKZLHJHQKHLW EH]JOLFKK GHU *HVFKlIWVJHKHLPQLVVHHXQGGYHUWUDXOLFKHU,QIRUPDWLRQHQQXQWHUZRUIHQ'LHVHH3IOLFKWHUVWUHFNWW VLFKK DXFKK DXI GLHH =HLWW QDFKK GHU %HHQGLJXQJ GHU *HVFKlIWVIKUHUWlWLJNHLW )HUQHU LVW GHU *HVFKlIWVIKUHUQLFKWEHUHFKWLJWGLHH5HVVRXUFHQQGHU*HVHOOVFKDIWZLHH]%GHU(LQVDW]YRQ 0LWDUEHLWHUQ EHLL SULYDWHQQ $UEHLWHQQ RGHU $QQDKPH YRQ 6FKPLHUJHOGHUQIU VHLQHQQ HLJHQHQ =ZHFN]XQXW]HQ,P(UJHEQLVVVROOOGHU*HVFKlIWVIKUHUVHLQHH,QWHUHVVHQQLFKWYRUGLHHGHU *HVHOOVFKDIWVWHOOHQVHLQQ+DQGHOQQQXUDXIGHQQ9RUWHLOOGHU*HVHOOVFKDIWDXVULFKWHQQXQGGDOOH 7lWLJNHLWHQQYHUPHLGHQGLHHGHU*HVHOOVFKDIWVFKDGHQQN|QQWHQ'DUDXVVHUJLEWVLFKKDXFKKGDV :HWWEHZHUEVYHUERW IU GHQQ *HVFKlIWVIKUHU 'HPQDFKK GDUI GHU *HVFKlIWVIKUHU QLFKW LQQ :HWWEHZHUEE ]X GHU *HVHOOVFKDIW WUHWHQ 'LHVV JLOW ZlKUHQGG GHU JHVDPWHQQ 'DXHU GHV $QVWHOOXQJVRGHU%HVWHOOXQJVYHUKlOWQLVVHVVGHVV*HVFKlIWVIKUHUVVXQGGHQGHWDQGHUVVDOVVGLH 6FKZHLJHYHUSIOLFKWXQJ PLW GHU %HHQGLJXQJ GHVV 9HUWUDJV %HLL 9HUVWR JHJHQQ GDV :HWWEHZHUEVYHUERW LVW GHU *HVFKlIWVIKUHU ]XX 6FKDGHQVHUVDW] XQGG 8QWHUODVVXQJ YHUSIOLFKWHW $EHU DXFKK EHLL MHGHP DQGHUHQQ 9HUVWR JHJHQQ VHLQHH 3IOLFKWHQQ JHJHQEHU GHU *HVHOOVFKDIW KDIWHW GHU *HVFKlIWVIKUHU SHUV|QOLFKK PLW VHLQHP SULYDWHQQ 9HUP|JHQQ DXI 6FKDGHQHUVDW]
(VVLVWDOOJHPHLQQEHNDQQWGDVVVGHUXQWHUQHKPHULVFKH(UIROJQXUGDQQQHLQWUHWHQQNDQQZHQQ DXFKK ULVLNRUHLFKHH *HVFKlIWHH HLQJHJDQJHQQ ZHUGHQ $XV GLHVHP *UXQGG LVW HVV DXFKK IROJHULFKWLJ GHP *HVFKlIWVIKUHU GDVV 5LVLNR YRQQ )HKOEHXUWHLOXQJHQQ XQGG P|JOLFKHQ )HKOHQWVFKHLGXQJHQ HLQ]XUlXPHQ )DOOVV GDV +DQGHOQQ DEHU Ä«QLFKW PHKU DOV YHUDQWZRUWXQJVEHZXVVW DXVVFKOLHOLFKK DP 8QWHUQHKPHQVLQWHUHVVHH RULHQWLHUW XQGG DXI VRUJIlOWLJHQQ (UPLWWOXQJHQQ EHUXKHQGG «³ HLQ]XRUGQHQQ LVW PXVVV GHU *HVFKlIWVIKUHU ]XU
<<<<<^^^^
Arbeit zitieren:
Xenia Rohn, 2010, Managerhaftung und Möglichkeiten zur Haftungsvermeidung, München, GRIN Verlag GmbH
Dieser Text kann über folgende URL aufgerufen und zitiert werden:
Einbetten
DOI
Formatvorlage (Microsoft Word) für eine Diplomarbeit, Masterarbeit, Ha...
Für MS Word 2003 - Update 2010
Vorlagen, Muster, Formulare, Infobroschüren
Ausarbeitung, 25 Seiten
Formatvorlage (OpenOffice) für eine Diplomarbeit, Masterarbeit, Hausar...
Vorlagen, Muster, Formulare, Infobroschüren
Ausarbeitung, 35 Seiten
Formatvorlage / Vorlage zur Erstellung einer Diplomarbeit, Bachelorarb...
Vorlagen, Muster, Formulare, Infobroschüren
Ausarbeitung, 15 Seiten
Formatvorlage / Vorlage für eine Diplomarbeit / Hausarbeit
Für MS Word 2007 - dotx
Vorlagen, Muster, Formulare, Infobroschüren
Ausarbeitung, 25 Seiten
Anleitung zum Erstellen schriftlicher Arbeiten: Der Aufbau einer wisse...
Vorlagen, Muster, Formulare, Infobroschüren
Ausarbeitung, 20 Seiten
Erstellen einer schriftlichen Hausarbeit
Vorlagen, Muster, Formulare, Infobroschüren
Hausarbeit, 14 Seiten
Grundtechniken wissenschaftlichen Arbeitens
Bibliografieren - Reden - Schr...
Vorlagen, Muster, Formulare, Infobroschüren
Skript, 46 Seiten
Ratgeber zur Erstellung wissenschaftlicher Arbeiten. Diplomarbeiten - ...
Vorlagen, Muster, Formulare, Infobroschüren
Ausarbeitung, 39 Seiten
Jura - Zivilrecht / Handelsrecht, Gesellschaftsrecht, Kartellrecht, Wirtschaftsrecht: Managerhaftung und Möglichkeiten zur Haftungsvermeidung ist nun auf dem Buchmarkt erhältlich
Jura - Zivilrecht / Handelsrecht, Gesellschaftsrecht, Kartellrecht, Wirtschaftsrecht: neuer Titel erschienen: Managerhaftung und Möglichkeiten zur Haftungsvermeidung
Xenia Rohn hat einen neuen Text hochgeladen
Managerhaftung im Wandel -Sarbanes-Oxley und Corporate Governance in D...
IT-Risikomanagement und Compli...
Jan Markus Hempel, Florian Wiemken
Festschrift für Erwin Deutsch ...
Hans-Jürgen Ahrens, Christian von Bar, Gerfried Fischer, Andreas Spickhoff, Jochen Taupitz
Das Unternehmerbild in der Sozialen Marktwirtschaft und die Managerhaf...
Unternehmer-Verantwortung nach...
Haftung von Vorstand, Aufsichtsrat und Wirtschaftsprüfer
mit GmbH-Geschäftsführer
Werner Wellhöfer, Martin Peltzer, Welf Müller
0 Kommentare