10
EDITAIS
CURITIBA, QUINTA-FEIRA, 12 DE JANEIRO DE 2012
[email protected]
FBITS DESENVOLVIMENTO DE SOFTWARE LTDA. EPP
&13-0)Qž
1,5(
ATA DE ASSEMBLEIA DE TRANSFORMAÇÃO DE SOCIEDADE
EMPRESÁRIA LIMITADA EM SOCIEDADE ANÔNIMA,
REALIZADA EM 20/12/2011
'DWDKRUDHORFDO(PjVKRUDVQDVHGHVRFLDOGD)ELWV'HVHQYROYLPHQWRGH6RIWZDUH/WGD(33³6RFLHGDGH´ORFDOL]DGDQD&LGDGHGH&XULWLED(VWDGRGR3DUDQiQD5XD&RQVHOKHLUR
'DQWDV3UDGR9HOKR&(33UHVHQoD3UHVHQWHVRVVyFLRVUHSUHVHQWDQGRDWRWDOLGDGHGRFDSLWDOVRFLDOGD6RFLHGDGHDVDEHUD7,$*2=$1$*,5(//,EUDVLOHLURFDVDGRSHORUHJLPH
GHFRPXQKmRSDUFLDOGHEHQVWpFQLFRGHSURFHVVDPHQWRGHGDGRVUHVLGHQWHHGRPLFLOLDGRQD&LGDGH
GH&XULWLED(VWDGRGR3DUDQiQD5XD7KHRGRUR0DNLROND&DVD%DLUUR6DQWD&DQGLGD&(3
LQVFULWRQR&DGDVWUR1DFLRQDOGH3HVVRD)tVLFDGR0LQLVWpULRGD)D]HQGD³&3)0)´VRE
Qž³7LDJR´F52'5,*26&+,$9,1,EUDVLOHLURFDVDGRSHORUHJLPHGHFRPXQKmR
SDUFLDOGHEHQVWpFQLFRGHSURFHVVDPHQWRGHGDGRVUHVLGHQWHHGRPLFLOLDGRQD&LGDGHGH&XULWLED
(VWDGRGR3DUDQiQD5XD/XL]0DQ]RFKL%DLUUR0HUFrV&(3LQVFULWRQR&DGDVWUR
1DFLRQDOGH3HVVRD)tVLFDGR0LQLVWpULRGD)D]HQGD³&3)0)´VREQž³5RGULJR´
&RQYRFDomR'LVSHQVDGDDFRQYRFDomRHPUD]mRGDSUHVHQoDGHVyFLRVUHSUHVHQWDQGRDWRWDOLGDGH
GRFDSLWDOVRFLDOGD6RFLHGDGH&RPSRVLomRGD0HVD3UHVLGHQWH7LDJR=DQD*LUHOOLSRUWDGRUGR5*
Qž663356HFUHWiULR-RVp&DUORV*LUHOOLSRUWDGRUGR5*Qž66335
2UGHPGR'LDD'HOLEHUDUDFHUFDGDWUDQVIRUPDomRGRWLSRVRFLHWiULRGD6RFLHGDGHGHVRFLHGDGH
HPSUHViULDOLPLWDGDSDUDVRFLHGDGHDQ{QLPDGHFDSLWDODXWRUL]DGRE'HOLEHUDUDFHUFDGDSURSRVWDGH
(VWDWXWR6RFLDOGD6RFLHGDGHF(OHJHURVPHPEURVGR&RQVHOKRGH$GPLQLVWUDomRGD6RFLHGDGH
G)L[DUDUHPXQHUDomRGRVDGPLQLVWUDGRUHV GD6RFLHGDGH H'HWHUPLQDU RVMRUQDLV SDUD SXEOLFDo}HV'HOLEHUDo}HV7RPDGDVSRU8QDQLPLGDGHGH9RWRV7UDQVIRUPDomR2VVyFLRVGD6RFLHGDGH
DSURYDUDPLDWUDQVIRUPDomRGD6RFLHGDGHHPVRFLHGDGHDQ{QLPDGHFDSLWDODXWRUL]DGRHPFRQIRUPLGDGHFRPRV$UWLJRVHGR&yGLJR&LYLO%UDVLOHLURH$UWLJRVHGD/HL
Qž TXH SDVVDUi D DGRWDU D GHQRPLQDomR VRFLDO GH ³)%,76 '(6(192/9,0(172 '(
62)7:$5( 6$´ VHQGR UHJLGD SHOD /HL Qž H GHPDLV GLVSRVLo}HV OHJDLV DSOLFiYHLV (P
GHFRUUrQFLDGDWUDQVIRUPDomRGD6RFLHGDGHDVVHVVHQWDPLOTXRWDVUHSUHVHQWDWLYDVGRFDSLWDO
VRFLDODWXDOVmRFRQYHUWLGDVHPVHVVHQWDPLODo}HVRUGLQiULDVWRGDVQRPLQDWLYDVHVHPYDORU
QRPLQDOUHFHEHQGRFDGDVyFLRDTXDQWLGDGHGHDo}HVFRUUHVSRQGHQWHVDRQ~PHURGHTXRWDVGHVXD
SURSULHGDGHQRFDSLWDOVRFLDOGD6RFLHGDGH$6RFLHGDGHPDQWHUiRVHXREMHWRHHQGHUHoRGDVHGH
FRQWLQXDQGRDRSHUDUFRPRPHVPRDWLYRHSDVVLYRPDQWHQGRDPHVPDHVFULWXUDomRDWHQGLGDVDV
H[LJrQFLDVOHJDLVGHQDWXUH]D¿VFDOHFRQWiELOVHPTXDOTXHUVROXomRGHFRQWLQXLGDGHVHQGRJDUDQWLGRVRVGLUHLWRVGRVFUHGRUHV(VWDWXWR6RFLDO'LDQWHGDGHOLEHUDomRDFLPDRVVyFLRVDSURYDUDPR
QRYR(VWDWXWR6RFLDOGD6RFLHGDGHFRQVWDQWHGR$QH[R,jSUHVHQWHDWDGDTXDOpSDUWHLQWHJUDQWHH
TXHSDVVDGRUDYDQWHDUHJrOD(OHLomRGR&RQVHOKRGH$GPLQLVWUDomR2VVyFLRVHOHJHUDPSDUD
RVFDUJRVGHPHPEURVGR&RQVHOKRGH$GPLQLVWUDomRGD6RFLHGDGHRV6UV7,$*2=$1$*,5(//,
EUDVLOHLURFDVDGRWpFQLFRGHSURFHVVDPHQWRGHGDGRVUHVLGHQWHHGRPLFLOLDGRQD&LGDGHGH&XULWLED
(VWDGRGR3DUDQiQD5XD7KHRGRUR0DNLROND&DVD%DLUUR6DQWD&DQGLGD&(3
LQVFULWR QR &DGDVWUR 1DFLRQDO GH 3HVVRD )tVLFD GR 0LQLVWpULR GD )D]HQGD ³&3)0)´ VRE Qž
52'5,*26&+,$9,1,EUDVLOHLURFDVDGRWpFQLFRGHSURFHVVDPHQWRGHGDGRVUHVLGHQWH H GRPLFLOLDGR QD &LGDGH GH &XULWLED (VWDGR GR 3DUDQi QD 5XD /XL] 0DQ]RFKL %DLUUR
0HUFrV &(3 LQVFULWR QR &DGDVWUR 1DFLRQDO GH 3HVVRD )tVLFD GR 0LQLVWpULR GD )D]HQGD
³&3)0)´VREQž-21)5$1&,6&2726&$12EUDVLOHLURFDVDGRHQJHQKHLURFRP
HQGHUHoR FRPHUFLDO QD FLGDGH GH ,WX (VWDGR GH 6mR 3DXOR QD$YHQLGD 7LUDGHQWHV ž DQGDU
&RQMXQWR&(3LQVFULWRQR&DGDVWUR1DFLRQDOGH3HVVRD)tVLFDGR0LQLVWpULRGD)D]HQGD
³&3)0)´VREQž/8,6*867$925,%(,52'($025,06$1726EUDVLOHLURVROWHLUR
GRXWRUHPTXtPLFDUHVLGHQWHHGRPLFLOLDGRQD&LGDGHGH,WX(VWDGRGH6mR3DXORQD5XD6DQWD&UX]
&DVD&HQWUR&(3LQVFULWRQR&DGDVWUR1DFLRQDOGH3HVVRD)tVLFDGR0LQLVWpULRGD
)D]HQGD ³&3)0)´ VRE Qž H 526(0$5< &5,67,$1( 3(5(,5$ ',$6 EUDVLOHLUD
FDVDGDDGPLQLVWUDGRUDGHHPSUHVDVUHVLGHQWHHGRPLFLOLDGDQDFLGDGHGH,WX(VWDGRGH6mR3DXOR
QD$YHQLGD3HGUR*XLOJHU)LOKR&DVD&RQGRPtQLR9LOODJJLRV'¶,WiOLD&(3LQVFULWD
QR&DGDVWUR1DFLRQDOGH3HVVRD)tVLFDGR0LQLVWpULRGD)D]HQGD³&3)0)´VREQž
WRGRVFRPPDQGDWRGHXPDQRSHUPDQHFHQGRQRVUHVSHFWLYRVFDUJRVDWpDSRVVHGHVHXVVXFHVVRUHV2V&RQVHOKHLURVRUDHOHLWRVWRPDPSRVVHQHVWHDWRHGHFODUDPSDUD¿QVGRGLVSRVWRQR3DUiJUDIRžGR$UWLJRGD/HLQžQmRHVWDUHPLQFXUVRVHPTXDOTXHUGRVFULPHVSUHYLVWRVHP
OHLTXHRVLPSHoDPGHH[HUFHUDDWLYLGDGHPHUFDQWLORVTXDLVWRPDUmRSRVVHPHGLDQWHDVVLQDWXUDGRV
UHVSHFWLYRVWHUPRVGHSRVVHQR/LYURGH$WDVGH5HXQLmRGR&RQVHOKRGH$GPLQLVWUDomRQDIRUPDH
QRSUD]RGR$UW†žGD/HLQž23UHVLGHQWHHR9LFH3UHVLGHQWHGR&RQVHOKRGH$GPLQLVWUDomRVHUmRHVFROKLGRVSHORSUySULR&RQVHOKRGH$GPLQLVWUDomRHPUHXQLmRSUySULD5HPXQHUDomR$UHPXQHUDomRJOREDOGRVDGPLQLVWUDGRUHVGD6RFLHGDGHVHUiGH5WUH]HQWRVPLO
UHDLVDRDQRDVHUHQWUHHOHVGLVWULEXtGDHPUHXQLmRSUySULDGR&RQVHOKRGH$GPLQLVWUDomR3XEOLFDo}HV'HWHUPLQDUTXHWRGDVHTXDLVTXHUSXEOLFDo}HVGD6RFLHGDGHVHMDPIHLWDVQRVMRUQDLV'LiULR
2¿FLDOGR3DUDQiH-RUQDOGR(VWDGRGR3DUDQi'HPDLV3URYLGrQFLDV$DGPLQLVWUDomRGD&RPSDQKLD¿FDDXWRUL]DGDDWRPDUWRGDVDVSURYLGrQFLDVSDUDDLPSOHPHQWDomRGDVGHOLEHUDo}HVRUDDSURYDGDV(QFHUUDPHQWR1DGDPDLVKDYHQGRDWUDWDUR6U3UHVLGHQWHVXVSHQGHXRVWUDEDOKRVSHOR
WHPSRQHFHVViULRjODYUDWXUDGHVWDDWD5HDEHUWDDVHVVmRDDWDIRLOLGDHDSURYDGDSHORVSUHVHQWHV
DVVLQDGDSHOR3UHVLGHQWHHSHOR6HFUHWiULRGD0HVDHSHORVDFLRQLVWDVDEDL[RLGHQWL¿FDGRV7LDJR=DQD
*LUHOOL 3UHVLGHQWH GD 0HVD -RVp &DUORV *LUHOOL 6HFUHWiULRGD 0HVD$FLRQLVWDV7,$*2 =$1$ *,5(//,52'5,*26&+,$9,1,0HPEURVGR&RQVHOKRGH$GPLQLVWUDomR7,$*2=$1$*,5(//,52'5,*26&+,$9,1,-21)5$1&,6&2726&$12/8,6*867$925$025,06$1726526(0$5<&3(5(,5$',$69LVWRGR$GYRJDGR1RPH'LHJR/DJR7DVFKHWWR2$%35QžANEXO
I - “ESTATUTO SOCIAL DA FBITS DESENVOLVIMENTO DE SOFTWARE S.A. - &$3Ë78/2,'$
'(120,1$d­2 62&,$/ 6('( 2%-(72 ( '85$d­2 $UWLJR ž $ )ELWV 'HVHQYROYLPHQWR GH
6RIWZDUH6$D³&RPSDQKLD´pXPDVRFLHGDGHSRUDo}HVIHFKDGDGHFDSLWDODXWRUL]DGRTXHVHUHJH
SRUHVWH(VWDWXWR6RFLDOHSHODVGLVSRVLo}HVOHJDLVTXHOKHIRUHPDSOLFiYHLV$UWLJRž$&RPSDQKLD
WHPVHGHHIRURQD&LGDGHGH&XULWLED(VWDGRGR3DUDQiQD5XD&RQVHOKHLUR'DQWDV&HQWUR
&(33DUiJUDIRÒQLFR$&RPSDQKLDSRGHUiDEULUHQFHUUDUHDOWHUDUHQGHUHoRGH¿OLDLV
DJrQFLDVGHSyVLWRVHVFULWyULRVHTXDLVTXHURXWURVHVWDEHOHFLPHQWRVQR%UDVLORXQRH[WHULRUSRUGHOLEHUDomRGR&RQVHOKRGH$GPLQLVWUDomR$UWLJRž$&RPSDQKLDWHPSRUREMHWRDSUHVWDomRGHVHUYLoRV
GHFRQVXOWRULDHPDQiOLVHGHVLVWHPDVGHVHQYROYLPHQWRGHVLVWHPDVDVVHVVRULDWUHLQDPHQWRHSURJUDPDomRQDiUHDGHLQIRUPiWLFDFRPSUDHYHQGDGHKDUGZDUHHVRIWZDUH3DUiJUDIRÒQLFR0HGLDQWHGHOLEHUDomRGR&RQVHOKRGH$GPLQLVWUDomRD&RPSDQKLDSRGHUiSDUWLFLSDUGHRXWUDVVRFLHGDGHV
FRPRVyFLDRXDFLRQLVWD$UWLJRž2SUD]RGHGXUDomRGD&RPSDQKLDpSRUWHPSRLQGHWHUPLQDGR
&$3Ë78/2,,'2&$3,7$/62&,$/$UWLJRž2FDSLWDOVRFLDOWRWDOPHQWHVXEVFULWRHLQWHJUDOL]DGRp
GH5VHVVHQWDPLOUHDLVGLYLGLGRHPVHVVHQWDPLODo}HVRUGLQiULDVQRPLQDWLYDV
HVHPYDORUQRPLQDO3DUiJUDIR3ULPHLUR2FDSLWDOVRFLDOGD&RPSDQKLDVHUiUHSUHVHQWDGRH[FOXVLYDPHQWHSRUDo}HVRUGLQiULDV3DUiJUDIR6HJXQGR(PTXDOTXHUKLSyWHVHQDSURSRUomRGRQ~PHURGH
Do}HVTXHSRVVXtUHPRVDFLRQLVWDVWHUmRGLUHLWRGHSUHIHUrQFLDSDUDDVXEVFULomRGRDXPHQWRGHFDSLWDOREVHUYDGRRGLVSRVWRQRDUWLJRGD/HLQƒ3DUiJUDIR7HUFHLUR)LFDYHGDGDDHPLVVmR
SHOD&RPSDQKLDGHDo}HVSUHIHUHQFLDLVRXGHSDUWHVEHQH¿FLiULDV$UWLJRž$&RPSDQKLDHVWiDXWRUL]DGDDDXPHQWDURFDSLWDOVRFLDOLQGHSHQGHQWHPHQWHGHUHIRUPDHVWDWXWiULDFRPDHPLVVmRGHDWp
XPPLOKmRGHQRYDVDo}HVRUGLQiULDVQRPLQDWLYDVHVHPYDORUQRPLQDO3DUiJUDIR3ULPHLUR
2DXPHQWRGRFDSLWDOVRFLDODWpRVHXOLPLWHDXWRUL]DGRVHUiUHDOL]DGRPHGLDQWHGHOLEHUDomRGR&RQVHOKRGH$GPLQLVWUDomRDTXHPFRPSHWLUiHVWDEHOHFHUDVFRQGLo}HVGDHPLVVmRLQFOXVLYHSUHoRSUD]RHIRUPDGHVXDLQWHJUDOL]DomR2FRUUHQGRVXEVFULomRFRPLQWHJUDOL]DomRHPEHQVDFRPSHWrQFLD
SDUDRDXPHQWRGHFDSLWDOVHUiGD$VVHPEOHLD*HUDO3DUiJUDIR6HJXQGReYHGDGDDFHOHEUDomRGH
FRQWUDWRVGHP~WXRHQWUHD&RPSDQKLDHRVDFLRQLVWDVFRQWURODGRUHVHRXVRFLHGDGHVTXHHOHVFRQWUROHPRXHQWUHD&RPSDQKLDHVRFLHGDGHVVREFRQWUROHFRPXPFRPHODRXHQWUHD&RPSDQKLDHRXWUDV
VRFLHGDGHVGHFXMRFDSLWDOHODSDUWLFLSHGLUHWDRXLQGLUHWDPHQWHVHPDSUpYLDDSURYDomRGR&RQVHOKR
GH$GPLQLVWUDomR&$3Ë78/2,,,'$$66(0%/(,$*(5$/$UWLJRž$$VVHPEOHLD*HUDOUHXQLUVHiRUGLQDULDPHQWHQRVTXDWURSULPHLURVPHVHVVXEVHTXHQWHVDRWpUPLQRGHFDGDH[HUFtFLRVRFLDOH
H[WUDRUGLQDULDPHQWH VHPSUH TXH RV LQWHUHVVHV VRFLDLV R H[LJLUHP GHYHQGR R HGLWDO GH FRQYRFDomR
FRQWHQGRRORFDOGDWDKRUDHRUGHPGRGLDQRVWHUPRVGRDUWLJRSDUiJUDIRžGD/HLQž
VHUSXEOLFDGRSRUWUrVYH]HVQRVMRUQDLVKDELWXDOPHQWHXWLOL]DGRVSHOD&RPSDQKLDFRPQRPtQLPR
TXLQ]HGLDVGHDQWHFHGrQFLDHPSULPHLUDFRQYRFDomRFRQWDGRRSUD]RGDSXEOLFDomRGRSULPHLUR
DQ~QFLRRXFRPDQWHFHGrQFLDPtQLPDGHRLWRGLDVHPVHJXQGDFRQYRFDomR$UWLJRž2DFLRQLVWD RX VHX UHSUHVHQWDQWH OHJDO GHYHUi FRPSDUHFHU j$VVHPEOHLD *HUDO PXQLGR GH GRFXPHQWRV TXH
FRPSURYHPVXDLGHQWLGDGHHVHXVSRGHUHVGHUHSUHVHQWDomRGRDFLRQLVWDVHIRURFDVR$UWLJRž$V
$VVHPEOHLDV*HUDLVVHUmRSUHVLGLGDVSHOR3UHVLGHQWHGR&RQVHOKRGH$GPLQLVWUDomRRXVHXVXEVWLWXWR
RXQDDXVrQFLDGHDPERVSRUTXDOTXHUDFLRQLVWDSUHVHQWHHVFROKLGRSRUPDLRULDGHYRWRVSHOD$VVHPEOHLD*HUDO$UWLJRž$$VVHPEOHLD*HUDOWHPFRPSHWrQFLDSDUDGHFLGLUVREUHDVVXQWRVGHLQWHUHVVH
GD&RPSDQKLDjH[FHomRGRVTXHSRUGLVSRVLomROHJDORXSRUIRUoDGRSUHVHQWH(VWDWXWRIRUHPUHVHUYDGRVjFRPSHWrQFLDGRVyUJmRVGHDGPLQLVWUDomR&RPSHWHSULYDWLYDPHQWHj$VVHPEOHLD*HUDOL
WRPDUDQXDOPHQWHDVFRQWDVGRVDGPLQLVWUDGRUHVGD&RPSDQKLDLLGHOLEHUDUVREUHDVGHPRQVWUDo}HV¿QDQFHLUDVDGHVWLQDomRGROXFUROtTXLGRGRH[HUFtFLRDGLVWULEXLomRGHGLYLGHQGRVHRRUoDPHQWR
GH FDSLWDO GD &RPSDQKLD VH SUHSDUDGR LLL HOHJHU RX GHVWLWXLU D TXDOTXHU WHPSR RV PHPEURV GR
&RQVHOKRGH$GPLQLVWUDomRHGR&RQVHOKR)LVFDOGD&RPSDQKLDVHLQVWDODGRHTXDQGRIRURFDVRGH
VHXVVXSOHQWHVLYGHWHUPLQDUDUHPXQHUDomRJOREDOHDQXDOGRVDGPLQLVWUDGRUHVGD&RPSDQKLDHGRV
PHPEURVGR&RQVHOKR)LVFDOGD&RPSDQKLDVHLQVWDODGRYDSURYDUDXPHQWRGHFDSLWDOGD&RPSDQKLDDFLPDGROLPLWHGHVHXFDSLWDODXWRUL]DGRRXUHGXomRGRFDSLWDOGD&RPSDQKLDYLDOWHUDUR(VWDWXWR6RFLDOYLLGHOLEHUDUVREUHRSHUDo}HVGHWUDQVIRUPDomRIXVmRLQFRUSRUDomRFLVmRGLVVROXomRH
OLTXLGDomR GD &RPSDQKLD EHP FRPR VREUH LQFRUSRUDomR GH Do}HV HQYROYHQGR D &RPSDQKLD YLLL
GHOLEHUDUVREUHDDTXLVLomRGHDo}HVGHHPLVVmRGD&RPSDQKLDSDUD¿QVGHFDQFHODPHQWRRXSHUPDQrQFLDHPWHVRXUDULDEHPFRPRVXDUHYHQGDRXUHFRORFDomRQRPHUFDGRL[DSURYDURVSODQRVGH
RXWRUJDGHRSomRGHFRPSUDRXGHVXEVFULomRGHDo}HVGHHPLVVmRGD&RPSDQKLD[GHOLEHUDUVREUH
DHPLVVmRGHGHErQWXUHVHE{QXVGHVXEVFULomRSHOD&RPSDQKLD[LDXWRUL]DURVDGPLQLVWUDGRUHVGD
&RPSDQKLDDFRQIHVVDUIDOrQFLDHSOHLWHDUUHFXSHUDomRMXGLFLDORXH[WUDMXGLFLDOGD&RPSDQKLD$UWLJR
ž6DOYRGHFLVmRFRQWUiULDGD$VVHPEOHLD*HUDOWRPDGDSRUPDLRULDGHYRWRVDDWDVHUiODYUDGDQD
IRUPD GH VXPiULR GRV IDWRV &$3Ë78/2 ,9 '26 Ï5*­26 '$$'0,1,675$d­2 $UWLJR ž $
&RPSDQKLDpDGPLQLVWUDGDSRUXP&RQVHOKRGH$GPLQLVWUDomRHSRUXPD'LUHWRULDTXHVHUmRFRPSRVWRVHIXQFLRQDUmRGHFRQIRUPLGDGHFRPRSUHVHQWH(VWDWXWR6RFLDO3DUiJUDIRÒQLFR$$VVHPEOHLD
*HUDO¿[DUiDUHPXQHUDomRDQXDOJOREDOGRVPHPEURVGR&RQVHOKRGH$GPLQLVWUDomRDVVLPFRPRD
GRVPHPEURVGR&RQVHOKR)LVFDOVHLQVWDODGRFDEHQGRDR&RQVHOKRGH$GPLQLVWUDomRID]HUDGLVWULEXLomRHQWUHRVVHXVPHPEURVHRVGD'LUHWRULDHR&RQVHOKR)LVFDOHQWUHVHXVPHPEURV6(d­2,
'2&216(/+2'($'0,1,675$d­2$UWLJRž2&RQVHOKRGH$GPLQLVWUDomRVHUiFRQVWLWXtGRSRU
FLQFRPHPEURVHOHLWRVSHOD$VVHPEOHLD*HUDOFRPPDQGDWRXQL¿FDGRGHXPDQRVHQGRSHUPLWLGDDUHHOHLomR3DUiJUDIR3ULPHLUR1RVFDVRVGHDXVrQFLDLPSHGLPHQWRRXYDJDR3UHVLGHQWHVHUi
VXEVWLWXtGRSHOR9LFH3UHVLGHQWH3DUiJUDIR6HJXQGR2FRUUHQGRYDJDQR&RQVHOKRGH$GPLQLVWUDomR
R FRQVHOKHLUR VXEVWLWXWR VHUi HOHLWR SHOD$VVHPEOHLD *HUDO QR SUD]R Pi[LPR GH VHVVHQWD GLDV
FRQWDGRV GD GDWD HP TXH RFRUUHU D YDFkQFLD 3DUiJUDIR 7HUFHLUR 1DV DXVrQFLDV H LPSHGLPHQWRV
WHPSRUiULRV RV PHPEURV GR &RQVHOKR GH $GPLQLVWUDomR VHUmR VXEVWLWXtGRV SRU RXWUR FRQVHOKHLUR
GHVGHTXHWHQKDPRXWRUJDGRSURFXUDomRSDUDH[HUFtFLRGHYRWRFRQWHQGRDVLQVWUXo}HVHVSHFt¿FDVGH
YRWRSDUDRVFRQVHOKHLURVTXHYLHUHPDVXEVWLWXtORV3DUiJUDIR4XDUWR2VPHPEURVGR&RQVHOKRGH
$GPLQLVWUDomR VHUmR LQYHVWLGRV HP VHXV FDUJRV PHGLDQWH DVVLQDWXUD GH WHUPR GH SRVVH ODYUDGR QR
/LYURGH$WDVGH5HXQL}HVGR&RQVHOKRGH$GPLQLVWUDomR2VPHPEURVGR&RQVHOKRGH$GPLQLVWUDomR
SRGHUmRVHUGHVWLWXtGRVDTXDOTXHUWHPSRSHOD$VVHPEOHLD*HUDOGHYHQGRSHUPDQHFHUHPH[HUFtFLR
QRV UHVSHFWLYRV FDUJRV DWp D LQYHVWLGXUD GH VHXV VXFHVVRUHV 3DUiJUDIR 4XLQWR 2V PHPEURV GR
&RQVHOKR GH$GPLQLVWUDomR GHYHP WHU UHSXWDomR LOLEDGD QmR SRGHQGR VHU HOHLWR FRPR PHPEUR GR
&RQVHOKR GH$GPLQLVWUDomR VDOYR GLVSHQVD H[SUHVVD GD PDLRULD GH VHXV PHPEURV DTXHOH TXH L
RFXSDUFDUJRVHPVRFLHGDGHVFRQVLGHUDGDVFRQFRUUHQWHVGD&RPSDQKLDRXLLSRVVXLURXUHSUHVHQWDU
LQWHUHVVHFRQÀLWDQWHFRPD&RPSDQKLD1DKLSyWHVHGHYHUL¿FDomRVXSHUYHQLHQWHGRIDWRUGHLPSHGLPHQWRLQGLFDGRQRLWHPLDFLPDRFRQVHOKHLURGHYHUiDUHWLUDUVHGRFDUJRQDVRFLHGDGHFRQFRUUHQWH
GD&RPSDQKLDWHQGRVHXGLUHLWRGHYRWRVXVSHQVRDWpDFRPSURYDomRGHVXDUHWLUDGDGHWDOFDUJRRX
EUHQXQFLDUDRFDUJRGHFRQVHOKHLURGD&RPSDQKLD1DKLSyWHVHGHYHUL¿FDomRVXSHUYHQLHQWHGRIDWRU
GHLPSHGLPHQWRLQGLFDGRQRLWHPLLDFLPDRFRQVHOKHLUR¿FDUiLPSHGLGRGHH[HUFHUVHXYRWRHQTXDQWRSHUVLVWLURLQWHUHVVHFRQÀLWDQWHFRPD&RPSDQKLD3DUiJUDIR6H[WR$VUHXQL}HVGR&RQVHOKRGH
$GPLQLVWUDomRVHUmRFRQYRFDGDVSRUVHX3UHVLGHQWHRXSHOR9LFH3UHVLGHQWHRXDLQGDSHODPDLRULD
GRVVHXVPHPEURVSRUPHLRGHQRWL¿FDomRHVFULWDFRQWHQGRGDWDKRUDORFDOHRUGHPGRGLDHQWUHJXH
DWRGRVRVPHPEURVGDVHJXLQWHIRUPDDSHVVRDOPHQWHPHGLDQWHSURWRFRORRXESRUSRVWDJHPGH
FDUWD FRP DYLVR GH UHFHELPHQWR RX F PHGLDQWH WUDQVPLVVmR SRU ID[ FRP FRQFRPLWDQWH HQYLR GH
FDUWD FRP DYLVR GH UHFHELPHQWR REVHUYDGR R GLVSRVWR QR SDUiJUDIR ž DEDL[R$ FRQYRFDomR GD
UHXQLmRGR&RQVHOKRGH$GPLQLVWUDomRGHYHUiVHUIHLWDFRPDRPHQRVWUrVGLDVGHDQWHFHGrQFLD
DFRQWDUFRQIRUPHVHMDRFDVRGDGDWDGHDVVLQDWXUDGRSURWRFRORGDGDWDGRUHFHELPHQWRGDFDUWDRX
GRFRPSURYDQWHGHWUDQVPLVVmRGRID[3DUiJUDIR6pWLPR$VUHXQL}HVGR&RQVHOKRGH$GPLQLVWUDomR
VHUmRUHDOL]DGDVSUHIHUHQFLDOPHQWHQDVHGHGD&RPSDQKLDSRGHQGRVHUUHDOL]DGDVSRUPHLRGHWHOHFRQIHUrQFLDYLGHRFRQIHUrQFLDRXTXDOTXHURXWURPHLRHOHWU{QLFRRXWHFQROyJLFRGLVSRQtYHO2VPHPEURVGR&RQVHOKRSRGHUmRH[SUHVVDUVHXYRWRHPWDOUHXQLmRSRUPHLRGHFDUWDGHFODUDomRRXPHQVDJHPHQFDPLQKDGDj&RPSDQKLDDQWHULRUPHQWHRXGXUDQWHDUHDOL]DomRGDUHXQLmRSRUID[FRUUHLR
HOHWU{QLFRRXTXDOTXHURXWURPHLRHOHWU{QLFRRXWHFQROyJLFRGLVSRQtYHO2FRQVHOKHLURDJLQGRFRQIRUPH
GLVSRVWRDFLPDVHUiFRQVLGHUDGRSUHVHQWHjUHXQLmRHVHXYRWRVHUiFRQVLGHUDGRYiOLGRSDUDWRGRVRV
HIHLWRVOHJDLVHLQFRUSRUDGRjDWDGDUHIHULGDUHXQLmR¿FDQGRGLVSHQVDGDDDVVLQDWXUDGDDWD3DUiJUDIR2LWDYR$VUHXQL}HVGR&RQVHOKRGH$GPLQLVWUDomRVHUmRLQVWDODGDVFRPDSUHVHQoDGDPDLRULD
DEVROXWDGRVPHPEURVGR&RQVHOKRGH$GPLQLVWUDomRHPSULPHLUDFRQYRFDomRHHPVHJXQGDFRQYRFDomRFRPTXDOTXHUQ~PHUR$UWLJRž2&RQVHOKRGH$GPLQLVWUDomRWHPFRPSHWrQFLDSULYDWLYDSDUD
GHOLEHUDUVREUHDVVHJXLQWHVPDWpULDVL¿[DUDRULHQWDomRJHUDOGRVQHJyFLRVGD&RPSDQKLD>HGH
VXDV&RQWURODGDV@FRPSUHHQGHQGRVHXHVTXHPDRUJDQL]DFLRQDOVXDVSROtWLFDVLQGXVWULDOFRPHUFLDO
DGPLQLVWUDWLYR¿QDQFHLUDHGHUHFXUVRVKXPDQRVEHPFRPRVXDHVWUDWpJLDJOREDOGHORQJRSUD]R
LQFOXLQGRDHODERUDomRGR3ODQR$QXDOGH1HJyFLRVHGR3ODQR3OXULDQXDOGH1HJyFLRVLLGHOLEHUDU
VREUHDDEHUWXUDRHQFHUUDPHQWRRXDDOWHUDomRGHHQGHUHoRGH¿OLDLVDJrQFLDVGHSyVLWRVHVFULWyULRV
HTXDLVTXHURXWURVHVWDEHOHFLPHQWRVGD&RPSDQKLDQR%UDVLORXQRH[WHULRULLLHOHJHUHGHVWLWXLURV
GLUHWRUHVGD&RPSDQKLDH¿[DUOKHVDVDWULEXLo}HVGHQWURGDFRPSHWrQFLDGD'LUHWRULDFRQVWDQWHGR
(VWDWXWR6RFLDOLYPDQLIHVWDUVHSUHYLDPHQWHj$VVHPEOHLD*HUDOVREUHRUHODWyULRGDDGPLQLVWUDomR
DV FRQWDV GD 'LUHWRULD DV GHPRQVWUDo}HV ¿QDQFHLUDV GR H[HUFtFLR RV EDODQFHWHV GH SHULRGLFLGDGH
PHQVDOHRRUoDPHQWRGHFDSLWDOGD&RPSDQKLDVHSUHSDUDGRY¿VFDOL]DUDJHVWmRGRVGLUHWRUHVH
H[DPLQDUDWRVOLYURVSDSpLVGRFXPHQWRVHFRQWUDWRVFHOHEUDGRVRXHPYLDVGHFHOHEUDomRSHOD&RPSDQKLDYL¿[DUDUHPXQHUDomRLQGLYLGXDOGRVPHPEURVGD'LUHWRULDYLLFRQYRFDU$VVHPEOHLD*HUDO
2UGLQiULDHTXDQGRMXOJDUFRQYHQLHQWH$VVHPEOHLD*HUDO([WUDRUGLQiULDYLLLGHOLEHUDUVREUHTXDLVTXHUSURSRVWDVGD'LUHWRULDDVHUHPVXEPHWLGDVj$VVHPEOHLD*HUDOL[DSURYDUDSUiWLFDSUHYLVWDQR
DUWLJRSDUiJUDIRžGD/HLGDV6$[VXEPHWHUj$VVHPEOHLD*HUDODSURSRVWDGHGHVWLQDomRGR
OXFUROtTXLGRGRH[HUFtFLR[LGHOLEHUDUVREUHDSUiWLFDGHDWRVTXHLPSRUWHPHPVLJQL¿FDWLYDDOWHUDomR
GDVIRQWHVGHUHFXUVRVHGHJHUDomRGHFDL[DGD&RPSDQKLD[LLGHOLEHUDUVREUHDSUiWLFDSHOD&RPSDQKLDGHTXDOTXHUDWRRXVpULHGHDWRVSDUDDPHVPD¿QDOLGDGHSUDWLFDGRVQRSHUtRGRGHXP
PrVTXHLPSOLTXHPDRH[HUFtFLRRXDUHQ~QFLDGHGLUHLWRSDJDPHQWRRXDVVXQomRGHREULJDomR
RXUHVSRQVDELOLGDGHSDUDD&RPSDQKLDGHYDORULJXDORXVXSHULRUD5XPPLOKmRGH
UHDLVGHVGHTXHWDOLVDWRVMiQmRHVWHMDPDSURYDGRVHPSODQRGHLQYHVWLPHQWRVGD&RPSDQKLD
RXEDOLHQDomRSRUTXDOTXHUIRUPDGHDWLYRVFXMRYDORUVHMDVXSHULRUD5XPPLOKmR
UHDLV[LLLHVFROKHUHGHVWLWXLUDXGLWRUHVLQGHSHQGHQWHV[LYGHOLEHUDUVREUHRSDJDPHQWRGHMXURVD
WtWXOR GH UHPXQHUDomR GR FDSLWDO SUySULR H GHFODUDU GLYLGHQGRV LQWHUPHGLiULRV HRX LQWHUFDODUHV
[YGHOLEHUDUVREUHRDXPHQWRGRFDSLWDOVRFLDOGD&RPSDQKLDGHQWURGROLPLWHGRFDSLWDODXWRUL]DGR
¿[DQGRDVFRQGLo}HVGHHPLVVmRHFRORFDomRGDVQRYDVDo}HVGHFRUUHQWHVGRDXPHQWR[YLGDU
LQVWUXo}HVHVSHFt¿FDVSDUDTXHD&RPSDQKLDSRVVDH[HUFHUVHXGLUHLWRGHYRWRHPTXDLVTXHU$VVHPEOHLDVRXUHXQL}HVGHVyFLRVHPTXDLVTXHUVRFLHGDGHVQDVTXDLVD&RPSDQKLDGHWHQKDSDUWLFLSDomR
VRFLHWiULD VHP DV TXDLV R GLUHLWR GH YRWR QmR SRGHUi VHU H[HUFLGR [YLL DSURYDU D FRQWUDWDomR GH
RSHUDo}HVTXHSRVVDPFRQ¿JXUDUVLWXDo}HVGHFRQÀLWRGHLQWHUHVVHHQWUHRV$FLRQLVWDVRVDGPLQLVWUDGRUHVHD&RPSDQKLDRXTXDOTXHUGHVXDVVRFLHGDGHVFROLJDGDVRXFRQWURODGDVVREUHWXGRFRQWUDWDo}HVFRP3DUWHV5HODFLRQDGDV[YLLLDSURYDUWRGDHTXDOTXHUJDUDQWLDDVHUSUHVWDGDSHOD&RPSDQKLD
UHDO RX ¿GHMXVVyULD HP IDYRU GH WHUFHLURV RX GH TXDOTXHU VRFLHGDGH QD TXDO D &RPSDQKLD GHWHQKD
SDUWLFLSDomRVHMDHODFROLJDGDRXHVWHMDVRE&RQWUROHFRPXP[L[GHOLEHUDUVREUHDHPLVVmRGDVDo}HV
REMHWRGRVSODQRVGHRXWRUJDGHRSomRGHFRPSUDRXVXEVFULomRGHDo}HVDSURYDGRVSHOD$VVHPEOHLD
*HUDOFDEHQGROKHWRPDUWRGDVDVPHGLGDVQHFHVViULDVHDGHTXDGDVSDUDDLQWHUSUHWDomRGHWDOKDPHQWR
HDSOLFDomRGDVQRUPDVHGLUHWUL]HVJHUDLVHVWDEHOHFLGDVFRPSRGHUHVHVSHFt¿FRVSDUDDVHOHFLRQDU
RVFRODERUDGRUHVHOHJtYHLVDTXHPVHUmRRXWRUJDGDVDVRSo}HVFRQIRUPHRVFULWpULRVGHHOHJLELOLGDGH
HVWDEHOHFLGRVQRVSODQRVGHRXWRUJDGHFRPSUDRXVXEVFULomRGHDo}HVEGH¿QLUGHQWURGROLPLWHGR
FDSLWDODXWRUL]DGRHUHVSHLWDGRROLPLWHPi[LPRGHDo}HVDWULEXtYHLVDRVSODQRVGHRXWRUJDGHRSomRGH
FRPSUDRXVXEVFULomRGHDo}HVDSURYDGRVHHPYLJRUDTXDQWLGDGHGHRSo}HVHDIRUPDGHGLVWULEXLomR
GHVWDVHQWUHRVFRODERUDGRUHVHOHJtYHLVRSUHoRHDVFRQGLo}HVGHH[HUFtFLRGDVRSo}HVHHYHQWXDLV
UHVWULo}HV SDUD D DOLHQDomR GDV Do}HV DGTXLULGDV RX VXEVFULWDV F SURUURJDU GH IRUPD JHQpULFD RX
FRQIRUPHRFDVRRSUD]R¿QDOSDUDRH[HUFtFLRGDVRSo}HVHPYLJRUGPRGL¿FDURVWHUPRVHFRQGLo}HV
GDV RSo}HV RXWRUJDGDV QR FDVR GH DOJXPD DOWHUDomR QDV OHLV DSOLFiYHLV H SURSRU DOWHUDo}HV DRV
SODQRVGHRXWRUJDGHRSomRGHFRPSUDRXVXEVFULomRGHDo}HVDVHUHPVXEPHWLGDVjDSURYDomRGD
$VVHPEOHLD*HUDOIDXWRUL]DUR'LUHWRU3UHVLGHQWHGD&RPSDQKLDD¿UPDURVFRQWUDWRVGHRSomRFRP
RVSDUWLFLSDQWHVGRVSODQRVGHRXWRUJDGHFRPSUDRXVXEVFULomRGHDo}HVEHPFRPRRVFRQWUDWRVGH
FRPSUDHYHQGDRXVXEVFULomRGHDo}HVHHYHQWXDLVDGLWLYRVTXDQGRQHFHVViULRHJGHFLGLURVFDVRV
RPLVVRVREVHUYDGDVDVRULHQWDo}HVJHUDLVGRVSODQRVGHRXWRUJDGHRSomRGHFRPSUDRXVXEVFULomR
GHDo}HVDSURYDGRVHDVGLVSRVLo}HVOHJDLVDSOLFiYHLVjHVSpFLH[[DSURYDUDFHOHEUDomRGHFRQWUDWR
SHOD&RPSDQKLDRXSRUTXDOTXHUGHVXDVVRFLHGDGHVFROLJDGDVRXFRQWURODGDVTXHLPSOLTXHHPWUDQVIHUrQFLDDWHUFHLURVGHWHFQRORJLDYHQGDOLFHQFLDPHQWRRXUHQ~QFLDGHSDWHQWHVPDUFDVUHJLVWUDGDV
LQIRUPDo}HV WpFQLFDV RX NQRZKRZ GHWLGDV SHOD &RPSDQKLD RX SRU TXDOTXHU GH VXDV VRFLHGDGHV
FROLJDGDVRXFRQWURODGDV[[LDSURYDUTXDOTXHUSURSRVWDGHDOWHUDomRGR(VWDWXWR6RFLDOGD&RPSDQKLD
RXGHTXDOTXHUGHVXDVVRFLHGDGHVFROLJDGDVRX[[LLSURSRUj$VVHPEOHLD*HUDODUHDOL]DomRGHRSHUDo}HVGHWUDQVIRUPDomRIXVmRLQFRUSRUDomRFLVmRGLVVROXomRRXOLTXLGDomRGD&RPSDQKLDRXLQFRUSRUDomRGHDo}HVHQYROYHQGRD&RPSDQKLD[[LLLDSURYDUSURSRVWDSDUDDOWHUDomRQRGLYLGHQGRPtQLPR
REULJDWyULRGHYLQWHHFLQFRSRUFHQWRGROXFUROtTXLGRGRH[HUFtFLRGD&RPSDQKLDRXGHTXDOTXHU
GHVXDVVRFLHGDGHVFROLJDGDVRXFRQWURODGDV[[LYDSURYDUDFHOHEUDomRSHOD&RPSDQKLDGHFRQWUDWRVGHHPSUpVWLPRHGH¿QDQFLDPHQWRRXGHTXDOTXHURXWUDFRQWUDWDomRTXHUHSUHVHQWHXPHQGLYLGDPHQWRSDUDD&RPSDQKLDGHYDORULJXDORXVXSHULRUD5XPPLOKmRGHUHDLV3DUiJUDIR
ÒQLFR2TXRUXPGHGHOLEHUDomRGDVUHXQL}HVGR&RQVHOKRGH$GPLQLVWUDomRVHUiVHPSUHRGDPDLRULD
DEVROXWDGHYRWRVGRVPHPEURVSUHVHQWHVjVUHXQL}HVRXTXHWLYHUHPPDQLIHVWDGRVHXYRWRQDIRUPD
GRSDUiJUDIRžGR$UWLJRDFLPD6(d­2,,'$',5(725,$$UWLJRž$'LUHWRULDHOHLWDHGHVWLWXtYHODTXDOTXHUWHPSRSHOR&RQVHOKRGH$GPLQLVWUDomRVHUiFRQVWLWXtGDGHQRPtQLPRGRLVGLUHWRUHVHQRPi[LPRFLQFRGLUHWRUHVVHQGRXP'LUHWRU3UHVLGHQWHXP'LUHWRU)LQDQFHLURHRVGHPDLV
FRPGHQRPLQDo}HVGH¿QLGDVSHOR&RQVHOKRGH$GPLQLVWUDomRWRGRVFRPPDQGDWRXQL¿FDGRGHXP
DQRDFRLQFLGLUFRPRSUD]RGRPDQGDWR¿[DGRSDUDRVPHPEURVGR&RQVHOKRGH$GPLQLVWUDomR
SHUPLWLGDDUHHOHLomR3DUiJUDIR3ULPHLUR6mRDWULEXLo}HVGR'LUHWRU3UHVLGHQWHLUHSUHVHQWDUD&RPSDQKLDSHUDQWHRPHUFDGRDVDXWRULGDGHVHLQVWLWXLo}HVS~EOLFDVLLFRRUGHQDURSODQHMDPHQWRJOREDO
GD&RPSDQKLDLLLFRRUGHQDUHVXSHUYLVLRQDUDVDWLYLGDGHVGRVGHPDLV'LUHWRUHVFRPUHODomRj¿HO
H[HFXomRGDVSROtWLFDVHGLUHWUL]HVHVWDEHOHFLGDVSHOD$VVHPEOHLD*HUDOHSHOR&RQVHOKRGH$GPLQLVWUDomR
LYSUHVLGLUDV5HXQL}HVGH'LUHWRULDHYVXSHUYLVLRQDUDLPSOHPHQWDomRGRSODQRRUoDPHQWiULRGD
&RPSDQKLD3DUiJUDIR6HJXQGR(PFDVRGHYDFkQFLDGRFDUJRGH'LUHWRU3UHVLGHQWHRVHXVXEVWLWXWR
SURYLVyULRVHUiHVFROKLGRHQWUHRVGHPDLV'LUHWRUHVSRUGHOLEHUDomRGRVSUySULRV'LUHWRUHVHDVVXPLUiD
3UHVLGrQFLDDWpDSULPHLUDUHXQLmRVXEVHTXHQWHGR&RQVHOKRGH$GPLQLVWUDomRTXHVHUiFRQYRFDGD
LPHGLDWDPHQWH SHOR 3UHVLGHQWH GR &RQVHOKR GH$GPLQLVWUDomR H GHVLJQDUi R VXEVWLWXWR GR 'LUHWRU
3UHVLGHQWHSHORUHVWDQWHGRSUD]RGHPDQGDWR3DUiJUDIR7HUFHLUR2VGHPDLV'LUHWRUHVVHUmRVXEVWLWXtGRV HP FDVRV GH DXVrQFLD RX LPSHGLPHQWR WHPSRUiULR SRU RXWUR 'LUHWRU HVFROKLGR SHOR 'LUHWRU
3UHVLGHQWH(PFDVRGHYDFkQFLDQRFDUJRGH'LUHWRURVXEVWLWXWRSURYLVyULRVHUiHVFROKLGRSHOR'LUHWRU
3UHVLGHQWHHDVVXPLUiRFDUJRYDFDQWHDWpDSULPHLUDUHXQLmRVXEVHTXHQWHGR&RQVHOKRGH$GPLQLVWUDomR
TXHVHUiFRQYRFDGDLPHGLDWDPHQWHSHOR3UHVLGHQWHGR&RQVHOKRGH$GPLQLVWUDomRHGHVLJQDUiVXEVWLWXWR
GR'LUHWRUSHORUHVWDQWHGRSUD]RGHPDQGDWR$UWLJRž$VUHXQL}HVGD'LUHWRULDVHUmRFRQYRFDGDV
SRUTXDOTXHUGRV'LUHWRUHVQDIRUPDGRSDUiJUDIRžGR$UWLJRžDFLPD3DUiJUDIRÒQLFR$VGHOLEHUDo}HVGD'LUHWRULDVHUmRWRPDGDVSRUPDLRULDGHYRWRV$UWLJRž6mRDWULEXLo}HVHGHYHUHVGD'LUHWRULD
LFXPSULUHID]HUFXPSULURSUHVHQWH(VWDWXWR6RFLDODVGHOLEHUDo}HVGD$VVHPEOHLD*HUDOHDVUHVROXo}HVGR&RQVHOKRGH$GPLQLVWUDomRLLUHSUHVHQWDUD&RPSDQKLDDWLYDHSDVVLYDPHQWHMXGLFLDOH
H[WUDMXGLFLDOPHQWHQDIRUPDGRGLVSRVWRQRDUWLJRGHVWH(VWDWXWR6RFLDOQDSUiWLFDGHWRGRVRVQHJyFLRVMXUtGLFRVTXHQmRIRUHPGDFRPSHWrQFLDSULYDWLYDGD$VVHPEOHLD*HUDORXGR&RQVHOKRGH$GPLQLVWUDomRGHVGHTXHWDLVQHJyFLRVMXUtGLFRVHVWHMDPFLUFXQVFULWRVDRREMHWRVRFLDOGD&RPSDQKLDLLL
QRPHDUSURFXUDGRUHVGHYHQGRHVSHFL¿FDUQRLQVWUXPHQWRRVDWRVRXRSHUDo}HVTXHHOHVSRGHUmRSUDWLFDUHDGXUDomRGRPDQGDWRTXHQmRSRGHUiVHUVXSHULRUDXPDQRUHVVDOYDGDVDVVHJXLQWHVKLSyWHVHVLQRFDVRGHPDQGDWRMXGLFLDOHPDQGDWRUHIHUHQWHDSURWHomRGDSURSULHGDGHLQWHOHFWXDOSRGHUi
VHU SRU SUD]R LQGHWHUPLQDGR H LL QR FDVR GH PDQGDWR RXWRUJDGR SDUD FXPSULPHQWR GH REULJDo}HV
MXQWRjVLQVWLWXLo}HV¿QDQFHLUDVSRGHUiVHUHVWDEHOHFLGRDWpRWHUPR¿QDOGHGXUDomRGHFRQWUDWRFHOHEUDGRFRPWDLVLQVWLWXLo}HV¿QDQFHLUDVHLYFHOHEUDUFRQWUDWRVRXFRPSURPLVVRVFRQWUDLUREULJDo}HV
FRPTXDLVTXHUWHUFHLURVFRQIHVVDUUHQXQFLDUHWUDQVLJLUHPTXDOTXHUGLUHLWRRXREULJDomRGD&RPSDQKLDREVHUYDQGRVHRVOLPLWHVGHFRPSHWrQFLD¿[DGRVQRDUWLJRDEDL[R$UWLJRž2EVHUYDGDVDV
OLPLWDo}HVFRQWLGDVQHVWH(VWDWXWR6RFLDOD&RPSDQKLDVHUiUHSUHVHQWDGDDWLYDHSDVVLYDPHQWHHP
MXt]RRXIRUDGHOHSRUGRLV'LUHWRUHVHPFRQMXQWRRXSRUXP'LUHWRUHPFRQMXQWRFRPXP
SURFXUDGRUQRPHDGRHPLQVWUXPHQWRGHPDQGDWRDVVLQDGRSRUQRPtQLPRGRLV'LUHWRUHVFRPHVSHFL¿FDomRGRVDWRVTXHSRGHUmRVHUSUDWLFDGRVHSUD]RGHYLJrQFLDQmRVXSHULRUDXPDQRHVHPSUH
OLPLWDGRDRSUD]RUHPDQHVFHQWHGHPDQGDWRGD'LUHWRULD3DUiJUDIR3ULPHLUR$SUiWLFDSHOD&RPSDQKLD
GHTXDOTXHUDWRRXVpULHGHDWRVSDUDDPHVPD¿QDOLGDGHSUDWLFDGRVQRSHUtRGRGHXPPrVTXH
LPSOLTXHPRH[HUFtFLRRXDUHQ~QFLDGHGLUHLWRSDJDPHQWRRXDVVXQomRGHREULJDomRRXUHVSRQVDELOLGDGHVSDUDD&RPSDQKLDVRPHQWHVHUmRYDOLGDPHQWH¿UPDGRVSHOD'LUHWRULDVHHQYROYHUHPLPRQWDQWHLQIHULRUD5XPPLOKmRGHUHDLVRXLLDOLHQDomRSRUTXDOTXHUIRUPDGHDWLYRVFXMR
YDORUVHMDLQIHULRUD5TXLQKHQWRVPLOUHDLV3DUiJUDIR6HJXQGR2EVHUYDGDVDVOLPLWDo}HVFRQWLGDVQHVWH(VWDWXWR6RFLDOD&RPSDQKLDSRGHUiVHUUHSUHVHQWDGDLVRODGDPHQWHSRUXP
SURFXUDGRUQRPHDGRSRUGRLV'LUHWRUHVTXDQGRRVSRGHUHVDHOHRXWRUJDGRVLQFOXtUHPH[FOXVLYDPHQWHDUHSUHVHQWDomRGD&RPSDQKLDSHUDQWHUHSDUWLo}HVS~EOLFDVIHGHUDLVHVWDGXDLVRXPXQLFLSDLV
SDUD¿QVGHREWHQomRDWXDOL]DomRRXFDQFHODPHQWRGHFDGDVWURVLQVFULo}HVUHJLVWURVHDYHUEDo}HVGH
GRFXPHQWRVFRPHVSHFL¿FDomRGRVDWRVTXHSRGHUmRVHUSUDWLFDGRVHSUD]RGHYLJrQFLDQmRVXSHULRU
DXPDQRHVHPSUHOLPLWDGRDRSUD]RUHPDQHVFHQWHGHPDQGDWRGD'LUHWRULD$UWLJRž$OpPGDV
DWULEXLo}HVHVWDEHOHFLGDVH[SUHVVDPHQWHSRUHVWH(VWDWXWR6RFLDORV'LUHWRUHVWHUmRDVDWULEXLo}HVTXH
OKHVIRUHPFRQIHULGDVSHOR&RQVHOKRGH$GPLQLVWUDomR&$3Ë78/29'2&216(/+2),6&$/$UWLJR
ž2&RQVHOKR)LVFDOQmRWHUiIXQFLRQDPHQWRSHUPDQHQWHHTXDQGRLQVWDODGRVHUiFRPSRVWRGHQR
PtQLPRWUrVHQRPi[LPRFLQFRPHPEURVHIHWLYRVHLJXDOQ~PHURGHVXSOHQWHVWRGRVUHVLGHQWHV
QR3DtVHOHLWRVSHOD$VVHPEOHLD*HUDOQDIRUPDGDOHL3DUiJUDIR3ULPHLUR1mRSRGHUiVHUHOHLWRSDUD
RFDUJRGHPHPEURGR&RQVHOKR)LVFDOGD&RPSDQKLDDTXHOHTXHPDQWLYHUYtQFXORFRPVRFLHGDGHTXH
SRVVDVHUFRQVLGHUDGDFRQFRUUHQWHGD&RPSDQKLDHVWDQGRYHGDGDHQWUHRXWURVDHOHLomRGDSHVVRD
TXHLVHMDHPSUHJDGRDFLRQLVWDRXPHPEURGHyUJmRGDDGPLQLVWUDomRWpFQLFRRX¿VFDOGHFRQFRUUHQWHRXGHDFLRQLVWDFRQWURODGRURXFRQWURODGDGHFRQFRUUHQWHLLVHMDF{QMXJHRXSDUHQWHDWpVHJXQGR
JUDXGHPHPEURGHyUJmRGDDGPLQLVWUDomRWpFQLFRRX¿VFDOGHFRQFRUUHQWHRXGHDFLRQLVWDFRQWURODGRU
RXFRQWURODGDGHFRQFRUUHQWH3DUiJUDIR6HJXQGR4XDQGRLQVWDODGRR&RQVHOKR)LVFDOWHUiRVSRGHUHV H DV DWULEXLo}HV TXH D OHL OKH FRQIHUH UHXQLQGRVH VHPSUHTXH FRQYRFDGR SRU TXDOTXHU GH VHXV
PHPEURVVHQGRTXHDVUHXQL}HVGHYHUmRVHUFRQYRFDGDVQDIRUPDGRSDUiJUDIRžGRDUWLJRDFLPD
DSOLFDQGRVHWDPEpPDVGLVSRVLo}HVGRSDUiJUDIRžGRPHVPRDUWLJR3DUiJUDIR7HUFHLUR2&RQVHOKR
)LVFDOUHXQLUVHiQRVWHUPRVGDOHLVHPSUHTXHQHFHVViULRHDQDOLVDUiDRPHQRVWULPHVWUDOPHQWHRV
EDODQFHWHVGHYHUL¿FDomRGD&RPSDQKLD3DUiJUDIR4XDUWR,QGHSHQGHQWHPHQWHGHTXDLVTXHUIRUPDOLGDGHVVHUiFRQVLGHUDGDUHJXODUPHQWHFRQYRFDGDDUHXQLmRjTXDOFRPSDUHFHUDWRWDOLGDGHGRVPHPEURVGR&RQVHOKR)LVFDO3DUiJUDIR4XLQWR2&RQVHOKR)LVFDOVHPDQLIHVWDSRUPDLRULDDEVROXWDGH
YRWRVSUHVHQWHDPDLRULDGRVVHXVPHPEURV3DUiJUDIR6H[WR2VPHPEURVGR&RQVHOKR)LVFDOVHUmR
VXEVWLWXtGRVHPVXDVIDOWDVHLPSHGLPHQWRVSHORUHVSHFWLYRVXSOHQWH3DUiJUDIR6pWLPR2FRUUHQGRD
YDFkQFLDGRFDUJRGHPHPEURGR&RQVHOKR)LVFDORUHVSHFWLYRVXSOHQWHRFXSDUiVHXOXJDUQmRKDYHQGRVXSOHQWHD$VVHPEOHLD*HUDOVHUiFRQYRFDGDSDUDSURFHGHUjHOHLomRGHPHPEURSDUDRFDUJRYDJR
3DUiJUDIR2LWDYR2VPHPEURVGR&RQVHOKR)LVFDOWHUmRUHPXQHUDomRTXHIRU¿[DGDSHOD$VVHPEOHLD
*HUDOTXHRVHOHJHUREVHUYDGRRGLVSRVWRQRSDUiJUDIRžGRDUWLJRGD/HLQž&$3Ë78/2
9,'2(;(5&Ë&,262&,$/'(021675$d®(6),1$1&(,5$6(',675,%8,d­2'(/8&526
$UWLJRž2H[HUFtFLRVRFLDOVHLQLFLDHPžGHMDQHLURHWHUPLQDQRGLDGHGH]HPEURGHFDGDDQR
$UWLJRž$RWpUPLQRGHFDGDH[HUFtFLRVRFLDOHDR¿QDOGHFDGDWULPHVWUHVHUmRHODERUDGDVDVGHPRQVWUDo}HV¿QDQFHLUDVHVWDEHOHFLGDVSHODOHLHRRUoDPHQWRGHFDSLWDO3DUiJUDIRÒQLFR$V'HPRQVWUDo}HV )LQDQFHLUDV GD 6RFLHGDGH VHUmR DXGLWDGDV DQXDOPHQWH SRU DXGLWRUHV LQGHSHQGHQWHV GHYLGDPHQWH UHJLVWUDGRV QD &RPLVVmR GH 9DORUHV 0RELOLiULRV $UWLJR ž 2 &RQVHOKR GH $GPLQLVWUDomR
DSUHVHQWDUij$VVHPEOHLD*HUDOMXQWDPHQWHFRPDVGHPRQVWUDo}HV¿QDQFHLUDVSURSRVWDGHGHVWLQDomR
GROXFUROtTXLGRGRH[HUFtFLRFRPREVHUYkQFLDGRGLVSRVWRQHVWH(VWDWXWR6RFLDOHQDOHL$UWLJRž2
OXFUROtTXLGRGRH[HUFtFLRVHUiGLVWULEXtGRGDVHJXLQWHRUGHPLFLQFRSRUFHQWRSDUDFRQVWLWXLomR
GD UHVHUYD OHJDO DWp TXH R VHX YDORU DWLQMD YLQWH SRU FHQWR GR FDSLWDO VRFLDO LL DWULEXLomR DRV
DFLRQLVWDVGHXPGLYLGHQGRPtQLPRREULJDWyULRGHYLQWHHFLQFRSRUFHQWRGROXFUROtTXLGRGHFDGD
H[HUFtFLRDMXVWDGRQDIRUPDGRGLVSRVWRQRDUWLJRGD/HLQžHLLLRVDOGRUHPDQHVFHQWH
GROXFUROtTXLGRGRH[HUFtFLRSRUSURSRVWDGDDGPLQLVWUDomRSRGHUiGHVWLQDUVHQDVSURSRUo}HVTXH
YLHUHPDVHUGHOLEHUDGDVDDSDJDPHQWRGHGLYLGHQGRVXSOHPHQWDUDRVDFLRQLVWDVHEWUDQVIHUrQFLD
SDUDRH[HUFtFLRVHJXLQWHFRPRUHVHUYDGHOXFURVGHVGHTXHGHYLGDPHQWHMXVWL¿FDGDSHORVDGPLQLVWUDGRUHVSDUD¿QDQFLDUSODQRGHLQYHVWLPHQWRSUHYLVWRHPRUoDPHQWRGHFDSLWDO3DUiJUDIRÒQLFR2VGLYLGHQGRVVHUmRSDJRVQRSUD]RGHVHVVHQWDGLDVGDGDWDHPTXHIRUHPGHFODUDGRVPHGLDQWHFUpGLWR
HPFRQWDFRUUHQWHDTXHPQDGDWDGHVXDGHFODUDomRHVWLYHULQVFULWRFRPRSURSULHWiULRRXEHQH¿FLiULR
GDVDo}HVSHUWLQHQWHV$UWLJRž$DGPLQLVWUDomRGD&RPSDQKLDSRGHUiOHYDQWDUEDODQoRVVHPHVWUDLV
RXHPSHUtRGRVLQIHULRUHVEHPFRPRSRUGHOLEHUDomRGR&RQVHOKRGH$GPLQLVWUDomRGHFODUDUGLYLGHQGRVLQWHUPHGLiULRVHMXURVVREUHFDSLWDOSUySULRjFRQWDGHOXFURVDSXUDGRVQHVVHVEDODQoRVRXGH
OXFURVRXUHVHUYDGHOXFURVGR~OWLPREDODQoRDQXDORXVHPHVWUDOGHVGHTXHREVHUYDGDVDVUHJUDVGR
DUWLJRGD/HLQž&$3Ë78/29,,'$6',6326,d®(6*(5$,6$UWLJRž7RGRVRV
YDORUHVSUHYLVWRVQHVWH(VWDWXWR6RFLDOGHYHUmRVHUFRUULJLGRVDQXDOPHQWHSHORËQGLFH*HUDOGH3UHoRV0HUFDGRGD)XQGDomR*HW~OLR9DUJDV,*30)*9RXTXDOTXHURXWURtQGLFHTXHYHQKDDVXEVWLWXtOR
$UWLJRž$&RPSDQKLDVHUiGLVVROYLGDHHQWUDUiHPOLTXLGDomRQRVFDVRVSUHYLVWRVHPOHLFRPSHWLQGR
j$VVHPEOHLD*HUDOHVWDEHOHFHURPRGRGHOLTXLGDomRHOHJHUROLTXLGDQWHHVHIRURFDVRR&RQVHOKR
)LVFDOSDUDWDO¿QDOLGDGH$UWLJRž2VFDVRVRPLVVRVQHVWH(VWDWXWR6RFLDOVHUmRUHVROYLGRVSHOD
$VVHPEOHLD*HUDOHUHJXODGRVGHDFRUGRFRPRTXHSUHFHLWXDD/HLQž$UWLJRž$&RPSDQKLDVHXVDFLRQLVWDVDGPLQLVWUDGRUHVHPHPEURVGR&RQVHOKR)LVFDOTXDQGRLQVWDODGRREULJDPVHD
UHVROYHUSRUPHLRGHDUELWUDJHPWRGDHTXDOTXHUGLVSXWDRXFRQWURYpUVLDTXHSRVVDVXUJLUHQWUHHOHV
UHODFLRQDGD RX RULXQGD HP HVSHFLDO GD DSOLFDomR YDOLGDGH H¿FiFLD LQWHUSUHWDomR YLRODomR H VHXV
HIHLWRV GDV GLVSRVLo}HV FRQWLGDV QHVWH (VWDWXWR 6RFLDO H QD OHJLVODomR H UHJXODPHQWDomR DSOLFiYHLV
3DUiJUDIR3ULPHLUR$VGLVSXWDVHFRQWURYpUVLDVVHUmRUHVROYLGDVSRUPHLRGHDUELWUDJHPDVHUFRQGX]LGDFRQIRUPHDVUHJUDVYLJHQWHVQHVWDGDWDQR5HJXODPHQWRGD&kPDUDGH0HGLDomRH$UELWUDJHPGH
6mR 3DXOR R ³5HJXODPHQWR´ DGPLQLVWUDGD SHOD SUySULD &kPDUD GH 0HGLDomR H$UELWUDJHP GH 6mR
3DXORD³&kPDUD´3DUiJUDIR6HJXQGR$VHGHGDDUELWUDJHPVHUiDFLGDGHGH6mR3DXOR(VWDGRGH
6mR3DXOR%UDVLOVDOYRVHDVSDUWHVDFRUGDUHPH[SUHVVDPHQWHRXWURORFDOHVHPSUHMXt]RGHDV3DUWHV
GHVLJQDUHPORFDOLGDGHGLYHUVDSDUDDUHDOL]DomRGHDXGLrQFLD3DUiJUDIR7HUFHLUR2WULEXQDODUELWUDO
VHUi FRPSRVWR SRU WUrV iUELWURV RV TXDLV VHUmR HOHLWRV GH FRQIRUPLGDGH FRP R 5HJXODPHQWR &DGD
SDUWHHVFROKHUiXPiUELWURHVHXFRUUHVSRQGHQWHVXSOHQWHHRVGRLViUELWURVHVFROKLGRVHVFROKHUmRR
WHUFHLURiUELWURRTXDOSUHVLGLUiRWULEXQDODUELWUDO&DVRDDUELWUDJHPHQYROYDYiULRVDXWRUHVHRXYiULRV
UpXVHQmRKRXYHUFRQVHQVRHQWUHHOHVVREUHDLQGLFDomRGHiUELWURHGRFRUUHVSRQGHQWHVXSOHQWH
FDEHUiDRSUHVLGHQWHGD&kPDUDQRPHDURVWUrViUELWURVTXHFRQKHFHUmRGRDVVXQWRVHXVUHVSHFWLYRV
VXSOHQWHVHLQGLFDUDTXHOHiUELWURTXHSUHVLGLUiRWULEXQDODUELWUDO3DUiJUDIR4XDUWR4XDOTXHUGRFXPHQWR
RX LQIRUPDomR GLYXOJDGD SHODV SDUWHV QR FXUVR GR SURFHGLPHQWR DUELWUDO WHP FDUiWHU FRQ¿GHQFLDO
REULJDQGRVHDVSDUWHVHRViUELWURVDVHUHPQRPHDGRVDQmRWUDQVPLWtODSDUDWHUFHLURVVDOYRQD
KLSyWHVHGHDXWRULGDGHVMXGLFLDLVRXDGPLQLVWUDWLYDVGLDQWHGDVTXDLVQmRVHMDSRVVtYHOLQYRFDUDREULJDomR GHVLJLOR3DUiJUDIR 4XLQWR$VHQWHQoD DUELWUDO VHUi GH¿QLWLYD REULJDUi DVSDUWHVHQmR HVWDUi
VXMHLWDDTXDOTXHUUHFXUVR$VHQWHQoDGHYHUiVHUSURIHULGDSRUHVFULWRHGHYLGDPHQWHIXQGDPHQWDGD$
SDUWHYHQFLGDDUFDUiFRPRVKRQRUiULRVGHWRGRVRVDGYRJDGRVLQFOXVLYHGRVSDWURQRVGDFRQWUDSDUWH
EHPFRPRGHDVVLVWHQWHVWpFQLFRVLQGLFDGRV2VKRQRUiULRVHGHVSHVDVGRViUELWURVHGRVSHULWRV
QRPHDGRVSHORWULEXQDODUELWUDOHDVGHVSHVDVDGPLQLVWUDWLYDVGD&kPDUDTXHSRVVDPVHULQFRUULGDV
GXUDQWHRFXUVRGRSURFHGLPHQWRDUELWUDOVHUmRGLVWULEXtGDVQRVWHUPRVGDVUHJUDVGD&kPDUDVHQGR
TXHRWULEXQDODUELWUDOGHYHUiGLVSRUQDVHQWHQoDRXGXUDQWHRSURFHGLPHQWRDUELWUDOVREUHDIRUPDSRU
PHLRGDTXDORVFXVWRVLQFOXLQGRKRQRUiULRVGHDGYRJDGRVHGHVSHVDVVHUmRVXSRUWDGRVVDOYRVHDV
SDUWHVRSWDUHPSRURXWUDIRUPDHPFRPXPDFRUGRHSRUHVFULWR3DUiJUDIR6H[WR2WULEXQDODUELWUDOWmR
ORJRHVWHMDGHSRVVHGRVDXWRVHDSHGLGRGHTXDLVTXHUGDVSDUWHVSRGHUiFRQFHGHUPHGLGDFDXWHODU
RXSURYLVyULDFDVRMXOJXHDSURSULDGR3UHYLDPHQWHjFRQVWLWXLomRGRWULEXQDODUELWUDODVSDUWHVSRGHP
UHTXHUHUjDXWRULGDGHMXGLFLDOFRPSHWHQWHDFRQFHVVmRGHPHGLGDVFDXWHODUHVRXSURYLVyULDVFRQIRUPH
RFDVR2UHTXHULPHQWRIHLWRSRUXPDSDUWHDXPDDXWRULGDGHMXGLFLDOSDUDREWHUWDLVPHGLGDVSUHYLDPHQWHjFRQVWLWXLomRGRWULEXQDODUELWUDORXDH[HFXomRGHVLPLODUHVFRQFHGLGDVSHORWULEXQDODUELWUDO
QmRVHUiFRQVLGHUDGRFRPRLQIUDomRRXUHQ~QFLDjFOiXVXODFRPSURPLVVyULDRXFRPSURPLVVRDUELWUDO
FRQIRUPHRFDVRHQmRFRPSURPHWHUiDFRPSHWrQFLDGRWULEXQDODUELWUDODHVWHWtWXORLQFOXVLYHSDUDUHYHUHUHYRJDUDPHGLGD3DUiJUDIR6pWLPR3DUDRV¿QVHHIHLWRVGRDUWLJRGR&yGLJRGH3URFHVVR
&LYLODV3DUWHVDFHLWDPHFRQYHQFLRQDPTXHRUHTXHULPHQWRSDUDLQtFLRGRSURFHVVRDUELWUDOHTXLYDOHUi
jSURSRVLWXUDGDDomRSULQFLSDOSUHYLVWDQRUHIHULGRGLVSRVLWLYR3DUiJUDIR2LWDYR$V3DUWHVHOHJHPR
IRURGD&LGDGHGH&XULWLED(VWDGRGR3DUDQi%UDVLOH[FOXVLYDPHQWHSDUDLDREWHQomRGHPHGLGDV
FDXWHODUHV RX SURYLVyULDV SUHYLDPHQWH j FRQVWLWXLomR GR WULEXQDO DUELWUDO LL D H[HFXomR GH PHGLGDV
FRHUFLWLYDVFRQFHGLGDVSHORWULEXQDODUELWUDOHQmRFXPSULGDVSHODVSDUWHVLLLH[HFXomRGDVHQWHQoD
DUELWUDOLYGHPDLVSURFHGLPHQWRVMXGLFLDLVH[SUHVVDPHQWHDGPLWLGRVQD/HLQƒHYFRQWURYpUVLDVTXHQmRVHMDPSDVVtYHLVGHVHUHPUHVROYLGDVSRUPHLRGHDUELWUDJHP$UWLJRž$&RPSDQKLD
REVHUYDUi RV DFRUGRV GH DFLRQLVWDV DUTXLYDGRV HP VXD VHGH VH H[LVWHQWHV VHQGR H[SUHVVDPHQWH
YHGDGRDRVLQWHJUDQWHVGDPHVDGLUHWRUDGD$VVHPEOHLD*HUDORXGR&RQVHOKRGH$GPLQLVWUDomRDFDWDU
GHFODUDomRGHYRWRGHTXDOTXHUDFLRQLVWDVLJQDWiULRGHDFRUGRGHDFLRQLVWDVGHYLGDPHQWHDUTXLYDGRQD
VHGHVRFLDOTXHVHMDSURIHULGDHPGHVDFRUGRFRPRTXHWLYHUVLGRDMXVWDGRQRUHIHULGRDFRUGRVHQGR
WDPEpP H[SUHVVDPHQWH YHGDGR j &RPSDQKLD DFHLWDU H SURFHGHU j WUDQVIHUrQFLD GH Do}HV HRX j
RQHUDomRHRXjFHVVmRGHGLUHLWRGHSUHIHUrQFLDjVXEVFULomRGHDo}HVHRXGHRXWURVYDORUHVPRELOLiULRV
TXHQmRUHVSHLWDUDTXLORTXHHVWLYHUSUHYLVWRHUHJXODGRHPDFRUGRGHDFLRQLVWDV$UWLJRž$&RPSDQKLDGHYHUiVHJXLURVSUHFHLWRVGHJRYHUQDQoDFRUSRUDWLYDHREVHUYDUERDVSUiWLFDVGHUHVSRQVDELOLGDGH
VRFLDOHDPELHQWDOHPFRQVRQkQFLDFRPRV35,3ULQFtSLRVSDUD,QYHVWLPHQWR5HVSRQViYHOLQVWLWXtGRV
SHOD8QLWHG1DWLRQV(QYLURQPHQW3URJUDPPH81(3HSHOD2UJDQL]DomRGDV1Do}HV8QLGDV$UWLJR
ž$&RPSDQKLDGLVSRQLELOL]DUiDVHXVDFLRQLVWDVFRQWUDWRVFRPSDUWHVUHODFLRQDGDVDFRUGRVGH
DFLRQLVWDVHSURJUDPDVGHRSo}HVGHDTXLVLo}HVGHDo}HVRXGHRXWURVWtWXORVRXYDORUHVPRELOLiULRV
GH VXD HPLVVmR$UWLJR ž 1R FDVR GH DEHUWXUD GH FDSLWDO GD &RPSDQKLD D &RPSDQKLD DGHULUi D
VHJPHQWRHVSHFLDOGHEROVDGHYDORUHVRXGHHQWLGDGHPDQWHQHGRUDGHPHUFDGRGHEDOFmRRUJDQL]DGR
TXH DVVHJXUH QR PtQLPR QtYHLV GLIHUHQFLDGRV GH SUiWLFDV GH JRYHUQDQoD FRUSRUDWLYD SUHYLVWRV QRV
DUWLJRVžSDUiJUDIRWHUFHLURžžžHžGHVWH(VWDWXWR6RFLDO
METRÓPOLE
[email protected]
QUATRO BARRAS
Ginásio
Quatro Barras terá em breve seu primeiro Ginásio de
Esportes da Sede. As obras começaram em julho de 2011 e
nos próximos 15 dias as equipes darão início à cobertura do
ginásio, que terá área de 888,3 metros quadrados. Nele
haverá uma quadra poliesportiva, amplos vestiários e
banheiros. Para a construção, um convênio firmado entre o
Ministério do Esporte e a Prefeitura totaliza investimentos de
R$ 459.975,02, sendo R$ 292.500,00 verbas federais e R$
167.475,02 recursos próprios do município. Uma das
grandes novidades do novo ginásio será o anexo com piscinas
aquecidas, que será construído paralelamente à obra.
PINHAIS
Aprovados
Quinze estudantes que fizeram o cursinho pré-vestibular
gratuito oferecido pela Prefeitura de Pinhais foram
aprovados no vestibular da UFPR. No total, 87 alunos do
cursinho prestaram as provas na Federal. Os aprovados
foram em cursos como psicologia, nutrição e economia. Essa
foi a terceira turma que ingressa na vida acadêmica com
auxilio do pré vestibular gratuito em Pinhais. Os estudantes
de Pinhais interessados em fazer parte da turma de 2012 do
cursinho gratuito já podem se inscrever para o teste seletivo.
Para participar do cursinho, os interessados devem fazer a
inscrição até o dia 19 de fevereiro. Após esta fase será
realizado o teste seletivo, onde os 130 primeiros serão
selecionados para compor a turma deste ano.
ARAUCÁRIA
Estacionamento
Para incrementar o auxílio à população no Estacionamento
Rotativo Araucária, a Secretaria Municipal de Urbanismo, em
parceria com a empresa que gerencia o sistema a Serttel
Ltda, instalou dois pontos de atendimento. Um na Avenida
Vitor do Amaral e outro na Praça Matriz, com o objetivo de
orientar o motorista sobre as formas para adquirir o ticket.
Esse auxílio especializado seguirá até 2 de fevereiro, com
atendimento de segunda a sexta-feira, das 9 às 18h e nos
sábados das 9 às 13h.
SÃO JOSÉ DOS PINHAIS
Pontos de ônibus
Além da troca de 249 pontos de ônibus por modelos mais
atualizados nos últimos três anos, a Prefeitura de São José dos
Pinhais também fez manutenção e reformou os pontos já
existentes. Os novos pontos ganharam bancos para os
passageiros e trouxeram mais conforto e proteção. Muitos
também ganharam a colocação de lixeiras. No período entre
2009 e 2011, também foram colocados cinco novos pontos
de táxi e outros 72 pontos de ônibus do modelo antigo, além
da manutenção de 58 estruturas já existentes, que estavam
danificadas. Neste ano mais 75 pontos cobertos serão
implantados.
ALMIRANTE TAMANDARÉ
Expansão
A Higie Plus, empresa produtora de produtos de limpeza
domestica está em expansão, na unidade de Almirante
Tamandaré. A empresa conta com mais de 60 funcionários,
todos moradores do município. A empresa que está
construindo um novo barracão para ampliar a produção. A
empresa já vende seus produtos para vários estados e
também está em entendimento para fazer transações com a
China.
LITORAL
Paranaguá
No inicio da noite de segunda-feira e na madrugada de terça,
uma forte chuva, derubou duas pontes provisórias nos rios
Miranda (estrada de acesso aos mananciais de captação de
água da CAB Águas de Paranaguá) e Rio Jacareí (altura da
Chácara de Recuperação, divisa entre os Municípios de
Morretes e Paranaguá). Outro local afetado foi o manancial
Santa Cruz, que teve a sua barragem de captação totalmente
assoreada. Isto causou à interrupção temporária do
abastecimento.
CAMPO LARGO
Cocel
Em dezembro a Companhia Campolarguense de Energia
(Cocel) recebeu a recomendação para certificação na ISO 9001
e também na ISO 10002, que tratam da qualidade do
atendimento prestado. Dois escopos principais foram
certificados: o tratamento de reclamações e o processo de
coleta de dados e apuração de indicadores de continuidade
(índices determinados pela Agência Nacional de Energia Elétrica
que determinam os limites aceitáveis para falta de energia). As
mudanças na Companhia para adequação ao Sistema de Gestão
da Qualidade começou nos primeiros meses de 2011.
GERAL
Feriados forenses
O Tribunal de Justiça do Paraná definiu pelo Decreto
Judiciário 927/2011 o calendário de feriados e suspensões de
expediente para o ano de 2012, nas repartições forenses do
Estado do Paraná, conforme o disposto na Resolução n.º 6/
2005, do Órgão Especial. Os feriados forenses acontecem
nos dias 20 e 21 de fevereiro (carnaval), 6 de abril (Paixão de
Cristo), 1 de maio (trabalho), 7 de junho (Corpus Christi), 7
de setembro (Independência), 12 de outubro (padroeira do
Brasil), 2 de novembro (finados), 19 de dezembro
(emancipação do Paraná) e 25 de dezembro (Natal).
www.bemparana.com.br/metropole
Download

METRÓPOLE - Bem Paraná