UNIÓ SINDICAL OBRERA DE LA COMUNITAT VALENCIANA Manual Práctico para la Conciliación Familiar y Laboral Responsabilidades Compartidas FINANCIADO POR: ,1752'8&&,Ï1 /D/H\2UJiQLFDGHGHPDU]RSDUD OD ,JXDOGDG(IHFWLYDGH0XMHUHV\+RPEUHV VXSXVRGLYHUVDVLQQRYDFLRQHVHQPDWHULDV UHODFLRQDGDFRQODPDWHUQLGDG3RUSULPHUDYH] VH FUHD HO SHUPLVR GH SDWHUQLGDG FRQ HO REMHWLYR GH FRQFLOLDU OD YLGD SHUVRQDO \ ODERUDO $VLPLVPRVHUHFRQRFHXQVXEVLGLRHVSHFLDOGHPDWHUQLGDGSDUDDTXHOODVPXMHUHV TXHQR KDEtDQ FXELHUWR ORV SHULRGRV GH FDUHQFLD < WDPELpQ VH LQFUHPHQWD HO SRUFHQWDMH GH OD SUHVWDFLyQSRUULHVJRGXUDQWHHOHPEDUD]R\ODODFWDQFLD 7RGRHOOR LPSOLFD SRUXQDSDUWH DERUGDU\GDUXQDPHMRU UHVSXHVWD DUHDOLGDGHV TXHHVWDEDQ GHVSURWHJLGDV QR UHJXODGDV \ SRU RWUD SDUWH PHMRUD VLWXDFLRQHV GHULYDGDV GH OD PDWHUQLGDG 862&9HODERUDHVWDJXtDFRQHOREMHWLYRGHGDUXQDUHVSXHVWDiJLO\SUiFWLFDDDTXHOODV VLWXDFLRQHVUHODFLRQDGDVFRQODFRQFLOLDFLyQGHODYLGDIDPLOLDU\ODERUDO TXHQRVyORDIHFWDQ DODV PXMHUHV &XDQGRKDEODPRVGHFRQFLOLDFLyQHUUyQHDPHQWHLPDJLQDPRVXQHVFHQDULR GH PHGLGDVGLULJLGDVH[FOXVLYDPHQWHSDUDODVPXMHUHV\MXVWDPHQWHHVWRGRORFRQWUDULR +DEODU GH FRQFLOLDFLyQ HV KDEODU GH UHSDUWR GH DVXQFLyQ GH UHVSRQVDELOLGDGHV HQWUH ODV SDUWHVHVRIUHFHUDODVPXMHUHVODVPLVPDVRSRUWXQLGDGHV 3RUWDQWRHVQHFHVDULRWRPDUFRQFLHQFLDGH TXHODVUHVSRQVDELOLGDGHVTXHVXE\DFHQHQHO VHQRGHODIDPLOLDUHTXLHUHQGHXQFRPSURPLVR GHWRGRVVXVPLHPEURV\QR~QLFDPHQWH GHODVPXMHUHV(OFXLGDGRGHORVKLMRVRSHUVRQDVGHSHQGLHQWHVQRGHEHGHUHFDHUVREUH ODV HVSDOGDV GH ODV PXMHUHV /DV H[FHGHQFLDV R UHGXFFLRQHV GH MRUQDGD SRU FXLGDGR GH IDPLOLDUHVODODFWDQFLDVRQGHUHFKRVTXHSXHGHQ\GHEHQGHHMHUFHUWDQWRKRPEUHVFRPR PXMHUHV 'HVGH 862&9 FRQHVWHWUDEDMRSUHWHQGHPRV GDUVROXFLRQHVDGXGDVRFXHVWLRQHVTXH SXGLHUDQ VXUJLU HQ GLYHUVDV FLUFXQVWDQFLDV < DGHPiV \ OR TXH HV PiV LPSRUWDQWH TXHUHPRVDFRPHWHUODGLItFLOWDUHDGH VHQVLELOL]DUVREUH ODLJXDOGDGGHRSRUWXQLGDGHV /D /H\ GH ,JXDOGDG UHFRQRFLy QXHYRV GHUHFKRV SHUR HV UHVSRQVDELOLGDG GH KRPEUHV \ PXMHUHV HMHUFHUORV IDYRUHFLHQGR TXH OD RWUD SDUWH SXHGD GHVDUUROODUVH ODERUDOPHQWH \ SXHGDGLVIUXWDUGHODVPLVPDVRSRUWXQLGDGHV 0$7(51,'$' &RPXQLFDFLyQGHOHPEDUD]R 5LHVJRGXUDQWHHOHPEDUD]R 3HUPLVRVGHH[iPHQHVSUHQDWDOHV\SUHSDUDFLyQDOSDUWR 3HUPLVRGHPDWHUQLGDG D'XUDFLyQ E&XDQWtD F 5HTXLVLWRV G3URFHGLPLHQWR H6XEVLGLRHVSHFLDO 'HGXFFLyQSRUPDWHUQLGDG 5HFRQRFLPLHQWRGHSHUtRGRFRWL]DGRSDUDMXELODFLyQRLQFDSDFLGDG SHUPDQHQWH 3HUPLVRUHWULEXLGRSRUODHPSUHVDGHQDFLPLHQWRGHKLMRD 9DFDFLRQHV 3$7(51,'$' 'XUDFLyQ\FXDQWtD 5HTXLVLWRV \3URFHGLPLHQWR 3DWHUQLGDG0DWHUQLGDG\'HVHPSOHR /$&7$1&,$ ¢4XpHVODODFWDQFLD \GyQGHHVWiUHJXODGD" 'XUDFLyQ 'LVIUXWHGHOSHUPLVRGHODFWDQFLDSRUHOSDGUH\RODSDUHMD &RQFUHFLyQKRUDULDGHOGLVIUXWH 'HVSLGRSRUGLVIUXWHGHOSHUPLVRGHODFWDQFLD 'LVIUXWHVLPXOWiQHRGHOSHUPLVRGHODFWDQFLD\RODUHGXFFLyQGHMRUQDGD ¢6HSXHGHQDJUXSDUODVKRUDVGHODFWDQFLDHQGtDV" 3UHVWDFLyQSRUULHVJRVGXUDQWHODODFWDQFLD 5('8&&,Ï1'( -251$'$325027,926)$0,/,$5(6 5HJXODFLyQ\VXSXHVWRV 'XUDFLyQ\FXDQWtDGHODUHGXFFLyQ &RWL]DFLRQHVGXUDQWHODUHGXFFLyQGHMRUQDGD 5HGXFFLyQGHOVDODULR 'HWHUPLQDFLyQGHOSHULRGRGHGLVIUXWH'LVFUHSDQFLDVFRQODHPSUHVD 6ROLFLWXGSRUSDUWHGHOSDGUH\RSDUHMD 6LPXOWDQHLGDGGHOSHUPLVRGHODFWDQFLD\UHGXFFLyQGHMRUQDGDSRUFXLGDGRGHKLMRD 3OD]RGHVROLFLWXG\SURFHGLPLHQWR &RPXQLFDFLyQGHUHLQFRUSRUDFLyQ 'HVSLGRSRUVROLFLWXGGHODUHGXFFLyQGHMRUQDGD (OHFFLyQGHWXUQRVLQUHGXFFLyQGHMRUQDGD (;&('(1&,$325&8,'$'2'()$0,/,$5(6 6XSXHVWRV 'XUDFLyQ 6ROLFLWXGSRUSDUWHGHOSDGUH 'HUHFKRVODERUDOHVGXUDQWHHOSHULRGRGHH[FHGHQFLD &RQVHFXHQFLDVDHIHFWRVGHSUHVWDFLRQHVGH6HJXULGDG6RFLDO )RUPD &RPXQLFDFLyQGHODUHLQFRUSRUDFLyQ 'HVSLGRSRUVROLFLWXGGHH[FHGHQFLD 787(/$-85Ë',&$&2175$/$',6&5,0,1$&,Ï1 (648(0$'(/26*5$'26'(3$5(17(6&2 02'(/26 $/*81$6&8(67,21(65(68(/7$6 0$7(51,'$' &2081,&$&,Ï1'(/(0%$5$=2 (QUHDOLGDGQR H[LVWHREOLJDFLyQOHJDOGHFRPXQLFDUHOHPEDUD]R3HURHVFRQYHQLHQWHTXH HQ DTXHOORV VXSXHVWRV HQ ORV TXH H[LVWD XQ ULHVJR SDUD OD VDOXG GH OD WUDEDMDGRUD R GHO EHEp OD HPSUHVD GHEH FRQRFHUOR SDUD DGRSWDU ODV PHGLGDV RSRUWXQDV HQ PDWHULD GH SUHYHQFLyQ GHULHVJRVODERUDOHV/RUHFRPHQGDEOH HVTXHVHFRPXQLTXH DODHPSUHVDSRU HVFULWR (VWD FRPXQLFDFLyQ VH SRGUi UHDOL]DU GH IRUPD GLUHFWD SRU OD WUDEDMDGRUD R D WUDYpV GHO GHOHJDGRGHSUHYHQFLyQ 5,(6*2'85$17((/(0%$5$=2 8QDYH]UHFLELGDSRUODHPSUHVDODFRPXQLFDFLyQGHOHPEDUD]RGHODWUDEDMDGRUDGHEHUi VROLFLWDUXQDUHHYDOXDFLyQGHOSXHVWRGHWUDEDMR(QFDVRGHTXHHOVHUYLFLRGHSUHYHQFLyQ GHWHUPLQHTXHH[LVWHXQULHVJRSDUDODVHJXULGDG\ODVDOXGRXQDSRVLEOHUHSHUFXVLyQ VREUH HOHPEDUD]RRODODFWDQFLDGHODWUDEDMDGRUDVHUiREOLJDWRULRSDUDOD HPSUHVD DGRSWDUODV VLJXLHQWHVPHGLGDV\HQHVWHRUGHQGHSULRULGDG 3ULPHUD /D HPSUHVD KD GH DGRSWDU ODV PHGLGDV QHFHVDULDV SDUD HYLWDU OD H[SRVLFLyQ D GLFKR ULHVJR PHGLDQWH OD DGDSWDFLyQ GH ODV FRQGLFLRQHV R GHO WLHPSR GH WUDEDMR GH OD WUDEDMDGRUD DIHFWDGD (QWUH HVWDV PHGLGDV VH LQFOXLUi FXDQGR UHVXOWH QHFHVDULR OD QR UHDOL]DFLyQGHWUDEDMRQRFWXUQR RGHWUDEDMRDWXUQRV 6HJXQGD &XDQGRODDGDSWDFLyQGHODVFRQGLFLRQHVRGHOWLHPSRGH WUDEDMRQRUHVXOWDVH SRVLEOH R D~Q VLpQGROR QR GHVDSDUHFH WRWDOPHQWH GLFKR ULHVJR OD WUDEDMDGRUD GHEHUi GHVHPSHxDU XQ SXHVWR GH WUDEDMR R IXQFLyQ GLIHUHQWH \ FRPSDWLEOH FRQ VX HVWDGR /D HPSUHVDGHEHUiGHWHUPLQDU SUHYLDFRQVXOWDFRQODUHSUHVHQWDFLyQVLQGLFDOODUHODFLyQGH ORVSXHVWRV GHWUDEDMRH[HQWRVGHULHVJRVDHVWRVHIHFWRV(OFDPELRGHSXHVWRR IXQFLyQ WHQGUiHIHFWRVKDVWDHOPRPHQWRHQTXHHOHVWDGRGHVDOXGGH ODWUDEDMDGRUDSHUPLWDVX UHLQFRUSRUDFLyQDODQWHULRUSXHVWR 7HUFHUD (QHOVXSXHVWRGHTXHDXQDSOLFDQGRGLFKDVUHJODVQRH[LVWLHVH SXHVWRGHWUDEDMR RIXQFLyQFRPSDWLEOHODWUDEDMDGRUDSRGUiVHUGHVWLQDGD DXQSXHVWRQRFRUUHVSRQGLHQWHD VXJUXSRRFDWHJRUtDHTXLYDOHQWHVLELHQ FRQVHUYDUiHO GHUHFKRDODVUHWULEXFLRQHVGH VXSXHVWRGHRULJHQ &XDUWD 6LGLFKRFDPELRGHSXHVWRQRUHVXOWDUDWpFQLFDXREMHWLYDPHQWH SRVLEOHRQRSXHGD UD]RQDEOHPHQWHH[LJLUVHSRUPRWLYRVMXVWLILFDGRV SRGUiGHFODUDUVHHOSDVRGHODWUDEDMDGRUD DIHFWDGD D OD VLWXDFLyQ GH VXVSHQVLyQ GHO FRQWUDWR SRU ULHVJR GXUDQWH HO HPEDUD]R FRQWHPSODGR HQHODUWtFXORGGHO(VWDWXWRGHORV7UDEDMDGRUHVGXUDQWHHOSHUtRGR QHFHVDULR SDUD OD SURWHFFLyQ GH VX VHJXULGDG R GH VX VDOXG \ PLHQWUDV SHUVLVWD OD LPSRVLELOLGDG GH UHLQFRUSRUDUVH D VX SXHVWR DQWHULRU R D RWUR SXHVWR FRPSDWLEOH FRQ VX HVWDGR 0$7(51,'$' &XDQWtD (QDTXHOORVVXSXHVWRVHQORVTXHODWUDEDMDGRUDVHHQFXHQWUHHQVXVSHQVLyQGHOFRQWUDWR SRUULHVJRGXUDQWH HOHPEDUD]RWHQGUi GHUHFKRDOFREURGHXQDSUHVWDFLyQFRQVLVWHQWHHQ HO GHOD%DVH5HJXODGRUDSRUFRQWLQJHQFLDVSURIHVLRQDOHV 3URFHGLPLHQWR SDUD HO UHFRQRFLPLHQWR GHO VXEVLGLR VH LQLFLDUi D LQVWDQFLDV GH OD WUDEDMDGRUD PHGLDQWH VROLFLWXG HQ PRGHOR QRUPDOL]DGR D OD GLUHFFLyQ SURYLQFLDO GH OD HQWLGDGJHVWRUDGHODSURYLQFLDHQODTXH WHQJDVXGRPLFLOLR (OFRQWHQLGR VHUiHOVLJXLHQWH )HFKDGHVXVSHQVLyQGHOFRQWUDWRSRUULHVJRGXUDQWHHOHPEDUD]R 'DWRVUHODWLYRVDODDFWLYLGDGGHVHPSHxDGD &DWHJRUtDSURIHVLRQDOIXQFLyQ\GHVFULSFLyQGHOWUDEDMRUHDOL]DGR 5LHVJRHVSHFtILFRTXHSUHVHQWDSDUDHOHPEDUD]R /D VROLFLWXGGHEHLUDFRPSDxDGDGHORVVLJXLHQWHVGRFXPHQWRV ,QIRUPHPpGLFR GHOIDFXOWDWLYRGHO,166\FHUWLILFDFLyQPpGLFDH[SHGLGDSRUORV VHUYLFLRV PpGLFRV HQ OD HQWLGDG JHVWRUD R PXWXD GH DFFLGHQWHV GH WUDEDMR \ HQIHUPHGDGHV SURIHVLRQDOHV GH OD VHJXULGDG VRFLDO TXH FXEUD OD SUHVWDFLyQ GH LQFDSDFLGDGWHPSRUDOGHULYDGDGHFRQWLQJHQFLDVFRPXQHVHQODTXHVHDFUHGLWHOD VLWXDFLyQ GH HPEDUD]R \ TXH ODV FRQGLFLRQHV GHO SXHVWR GH WUDEDMR LQIOX\HQ QHJDWLYDPHQWHSDUDODVDOXGGHODWUDEDMDGRUDRGHOIHWR 'HFODUDFLyQ GH OD HPSUHVD VREUH OD LQH[LVWHQFLD GH SXHVWRV GH WUDEDMR FRPSDWLEOHV FRQ HO HVWDGR GH OD WUDEDMDGRUD FRQ HO LQIRUPH GHO VHUYLFLR GH SUHYHQFLyQSURSLRGHODHPSUHVDVLHPSUHTXHFXHQWHFRQODHVSHFLDOLGDGSUHYHQWLYD GH YLJLODQFLD GH OD VDOXG SRU OD HQWLGDG HVSHFLDOL]DGD FRQFHUWDGD R SRU HO UHVSRQVDEOH GH SUHYHQFLyQ GHVLJQDGR SRU OD HPSUHVD /D GHFODUDFLyQ GHEH GH UHIOHMDUODIHFKDHQODTXHODWUDEDMDGRUDKDVXVSHQGLGRODUHODFLyQODERUDO 3(50,6263$5$(;$0(1(6 35(1$7$/(6<7e&1,&$6 '(35(3$5$&,Ï1$/3$572 /DVWUDEDMDGRUDVHPEDUD]DGDVWHQGUiQGHUHFKRDDXVHQWDUVHGHOWUDEDMR FRQGHUHFKRD UHPXQHUDFLyQ SDUD OD UHDOL]DFLyQ GH H[iPHQHV SUHQDWDOHV \ WpFQLFDV GH SUHSDUDFLyQ DO SDUWR VHJ~Q HO DUWtFXOR I GHO (VWDWXWR GH ORV 7UDEDMDGRUHV 6H GHEH SUHDYLVDU D OD HPSUHVD\SUHVHQWDU SRVWHULRUPHQWHHOMXVWLILFDQWH 0$7(51,'$' 3(50,62'(0$7(51,'$' $HIHFWRVGHSUHVWDFLyQSRUPDWHUQLGDGVHFRQVLGHUDQSURWHJLGDV 0DWHUQLGDG $GRSFLyQ $FRJLPLHQWRIDPLOLDU 'HOHJDFLyQGH*XDUGDSDUDODFRQYLYHQFLDSUHDGRSWLYD D'XUDFLyQ /D VXVSHQVLyQ WHQGUi XQD GXUDFLyQ GH GLHFLVpLV VHPDQDV TXH VH GLVIUXWDUiQ GH IRUPD LQLQWHUUXPSLGD DPSOLDEOHV HQ HO VXSXHVWR GH SDUWR P~OWLSOH HQ GRV VHPDQDV PiV SRU FDGDKLMRDDSDUWLUGHOVHJXQGRD (OSHUPLVRGHPDWHUQLGDGVHGLVWULEXLUiDRSFLyQGHODLQWHUHVDGD VLHPSUH TXHODVVHLV VHPDQDVLQPHGLDWDPHQWHSRVWHULRUHVDOSDUWR VHDQGLVIUXWDGDVSRUODPDGUH (Q HO FDVR GH TXH DPERV WUDEDMHQ WDQWR SRU FXHQWD DMHQD FRPR SRU FXHQWD SURSLD OD WUDEDMDGRUD DO LQLFLDUVH HO SHUtRGR GH GHVFDQVR SRU PDWHUQLGDG SRGUi RSWDU SRU TXH HO SDGUHGLVIUXWHGHXQDSDUWHGHWHUPLQDGDHLQLQWHUUXPSLGD GHOSHUtRGRGHGHVFDQVRSRVWHULRU DOSDUWRTXHSXHGHVHUKDVWDXQPi[LPR GH GLH]VHPDQDV 'HIRUPDVLPXOWiQHD ODPDGUH\HOSDGUHGLVIUXWDQDODYH] GHOSHUPLVR 'H IRUPD VXFHVLYD 3ULPHUR GLVIUXWDUi OD PDGUH GHO SHUPLVR \ VXFHVLYDPHQWH HO SDGUH (QORVFDVRVGHDGRSFLyQ\DFRJLPLHQWRVLORVGRVWUDEDMDQHOSHUPLVRGHPDWHUQLGDG VHGLVWULEXLUiDVXRSFLyQ\WDPELpQ SRGUiQGLVIUXWDUORGHIRUPDVLPXOWiQHDRVXFHVLYD (QFDVRGH IDOOHFLPLHQWRGHODPDGUHHOSDGUHSRGUiKDFHUXVRGHODWRWDOLGDGRHQVX FDVRGHODSDUWHTXHUHVWHGHOSHUtRGRGHVXVSHQVLyQLQGHSHQGLHQWHPHQWH GHVXVLWXDFLyQ ODERUDOLQGHSHQGLHQWHPHQWHGHTXHODPDGUHQR WUDEDMDUD (Q FDVR GH IDOOHFLPLHQWR GHO KLMR R GH OD KLMD HO SHUtRGR GH VXVSHQVLyQ QR VH YHUi UHGXFLGR (Q HO VXSXHVWR GH QDFLPLHQWR DGRSFLyQ R DFRJLGD GH KLMDVRV FRQ GLVFDSDFLGDG OD VXVSHQVLyQGHOFRQWUDWRVHDPSOtDDGRVVHPDQDVPiV (OSHUPLVRGHPDWHUQLGDGVHSXHGHDPSOLDUKDVWDXQPi[LPRGHWUHFH VHPDQDVHQFDVRGH SDUWRVSUHPDWXURVFRQIDOWDGHSHVR\HQORVTXHHO QHRQDWRQHFHVLWHKRVSLWDOL]DFLyQ SRUXQSHUtRGRVXSHULRUDVLHWHGtDV 0$7(51,'$' (QORVFDVRVGHDGRSFLyQLQWHUQDFLRQDOFXDQGRVHDQHFHVDULRHO GHVSOD]DPLHQWRSUHYLR GHORVFyQ\XJHVDOSDtVGHRULJHQGHOODPHQRU DGRSWDGRDHOSHUPLVRSRGUiLQLFLDUVHKDVWD FXDWURVHPDQDVDQWHVGHOD UHVROXFLyQSRUODTXHVHFRQVWLWX\HODDGRSFLyQ E¢&XDQWRVHFREUDGXUDQWHHOSHUPLVRGHPDWHUQLGDG" /D FXDQWtD GH OD SUHVWDFLyQ HFRQyPLFD HV GHO GH OD EDVH UHJXODGRUD TXH HV OD HTXLYDOHQWH D OD HVWDEOHFLGD SDUD OD LQFDSDFLGDG WHPSRUDO GHULYDGD GH FRQWLQJHQFLDV FRPXQHV WRPDQGR FRPR UHIHUHQFLD OD IHFKD GHO SHULRGR GH GHVFDQVR \ VH DVXPH GLUHFWDPHQWHSRUOD6HJXULGDG 6RFLDO F¢4XpUHTXLVLWRVVHUHTXLHUHQ SDUDSRGHUVHUEHQHILFLDULR" (VWDUDILOLDGDRDOD6HJXULGDG6RFLDOHQDOWDRHQVLWXDFLyQDVLPLODGDDODOWD $FUHGLWDUXQSHULRGRPtQLPRGHFRWL]DFLyQ ſ7UDEDMDGRUDVHVPHQRUHVGHDxRVQRVHH[LJHFRWL]DFLyQSUHYLD ſ7UDEDMDGRUDVHVHQWUH\DxRVVHH[LJHGtDVFRWL]DGRVGHQWURGH ORV VLHWH DxRV DQWHULRUHV DO QDFLPLHQWR DGRSFLyQ R DFRJLGD R GtDV HQ WRGDODYLGDODERUDO ſ7UDEDMDGRUDVHVPD\RUHVDxRVVHH[LJHGtDVFRWL]DGRVGHQWURGH ORV VLHWHDxRVDQWHULRUHVDOQDFLPLHQWRLQPHGLDWDPHQWHDQWHULRUHVDODIHFKD GHOSDUWRRODVIHFKDVGHGHFLVLyQDGPLQLVWUDWLYDRMXGLFLDOGHDFRJLPLHQWR R UHVROXFLyQMXGLFLDOSRUODTXHVHFRQVWLWX\DODDGRSFLyQRGtDVHQWRGDOD YLGDODERUDO G3URFHGLPLHQWR /DSUHVWDFLyQGHPDWHUQLGDGVHLQLFLDDLQVWDQFLDGH OD WUDEDMDGRUDPHGLDQWHVROLFLWXGHQ PRGHORQRUPDOL]DGRDOD'LUHFFLyQGHODHQWLGDGJHVWRUDFRUUHVSRQGLHQWH1RUPDOPHQWHODV HPSUHVDVVHHQFDUJDQGHJHVWLRQDUODVROLFLWXG (OFRQWHQLGR GHODVROLFLWXGGHEHUHFRJHU 0RWLYR )HFKDGHLQLFLR\GLVWULEXFLyQSUHYLVWDGHOSHULRGRGHGHVFDQVRGHFDGDXQRGHORV EHQHILFLDULRV 'DWRVUHODWLYRVDODHPSUHVD /DVROLFLWXGGHEHUiLUDFRPSDxDGDGHORVVLJXLHQWHVGRFXPHQWRV (QFDVRGHPDWHUQLGDG\SDUWRP~OWLSOH 0$7(51,'$' ,QIRUPHGHPDWHUQLGDG TXHVHUiIDFLOLWDGRSRUHOPpGLFRGHO6HUYLFLR3~EOLFRGH 6DOXG/DVWUDEDMDGRUDVHQWUHJDQDODHPSUHVDSDUDTXHFRQVLJQHODIHFKDHQODVH LQLFLDHOGHVFDQVR\ORVGDWRVGHFRWL]DFLyQQHFHVDULRVSDUDHOFiOFXORGHOVXEVLGLR \SRVWHULRUPHQWHDFRPSDxDQDODVROLFLWXG GHOVXEVLGLRDQWHODHQWLGDGJHVWRUD /LEURGHIDPLOLDRFHUWLILFDFLyQGHODLQVFULSFLyQGHOKLMRVHQHO5HJLVWURFLYLOVLHO GHVFDQVRVHLQLFLDFRQDQWHULRULGDGDOSDUWRHVWRVGRFXPHQWRVVHDFRPSDxDQXQD YH]SUDFWLFDGDODLQVFULSFLyQ &HUWLILFDGRGH FRWL]DFLRQHVDOD6HJXULGDG6RFLDOGHOD~OWLPDR~OWLPDVHPSUHVDV (QHOVXSXHVWRGHIDOOHFLPLHQWRGHODPDGUHVHUHTXHULUiHOFHUWLILFDGRGHGHIXQFLyQ GHODPLVPD\ORVGDWRVMXVWLILFDQWHVGHFRWL]DFLyQGHOLQWHUHVDGR (MHUFLFLRDIDYRUGHOSDGUHORVGDWRVMXVWLILFDQWHVGHFRWL]DFLyQGHOLQWHUHVDGR 6XSXHVWRVGHDGRSFLyQRDFRJLPLHQWR GHXQRRPiVPHQRUHV /D UHVROXFLyQ MXGLFLDO R DGPLQLVWUDWLYD HQ FDVR GH DGRSFLyQ LQWHUQDFLRQDO FRQ GHVSOD]DPLHQWR DO SDtV GH RULJHQ GHO DGRSWDGR GRFXPHQWDFLyQ HPLWLGD SRU OD &RPXQLGDG $XWyQRPD FRUUHVSRQGLHQWH MXVWLILFDQGR HO LQLFLR GH ORV WUiPLWHV GH DGRSFLyQ (QFDVRGHDGRSFLyQRDFRJLPLHQWRGHPHQRUHVPD\RUHVGHDxRVFHUWLILFDFLyQ GHO,06(562XyUJDQRFRPSHWHQWHGHOD&RPXQLGDG$XWyQRPDGHTXHHODFRJLGR RDGRSWDGRWLHQHXQJUDGRGHGLVFDSDFLGDGLJXDORVXSHULRUDORGHODHQWLGDG FRPSHWHQWHGHTXHWLHQHHVSHFLDOHVGLILFXOWDGHVGHLQVHUFLyQVRFLDORIDPLOLDU &HUWLILFDFLyQGHFRWL]DFLRQHV &HUWLILFDFLyQGHODHPSUHVDHQODTXHFRQVWHODIHFKDGHLQLFLRGHODVXVSHQVLyQGHO FRQWUDWR &XDQGRHOSHULRGRGHOGHVFDQVRVHGLVIUXWHHQUpJLPHQGHMRUQDGDDWLHPSRSDUFLDO VHUiQHFHVDULRHOSUHYLRDFXHUGRFRQODHPSUHVDVLVHDFRJHQHOSDGUH\ODPDGUHDHVWD SRVLELOLGDGFDGDXQRGHEHDSRUWDUGLFKRGRFXPHQWR6LODGLVWULEXFLyQLQLFLDOPHQWHDFRUGDGD VHPRGLILFDVHSRQHHQFRQRFLPLHQWRGHODHQWLGDGJHVWRUDFRQFDUiFWHULQPHGLDWR (O'LUHFWRU3URYLQFLDOGHODHQWLGDGJHVWRUDGLFWDUHVROXFLyQH[SUHVD\ODQRWLILFDHQHOSOD]R GHGtDVHQRUGHQDOUHFRQRFLPLHQWRGHOGHUHFKRD ODSUHVWDFLyQHFRQyPLFDSRUPDWHUQLGDG 0$7(51,'$' H6XEVLGLRHVSHFLDOSRU0DWHUQLGDG /DV WUDEDMDGRUDV SRU FXHQWD DMHQD TXH UH~QDQ WRGRV ORV UHTXLVLWRV HVWDEOHFLGRV SDUD DFFHGHUDODSUHVWDFLyQSRUPDWHUQLGDGH[FHSWRHOSHUtRGR PtQLPRGHFRWL]DFLyQWHQGUiQ GHUHFKRDXQVXEVLGLRQRFRQWULEXWLYRGHGtDVQDWXUDOHVDFRQWDU GHVGHHOSDUWR ODV VHLVSULPHUDVVHPDQDV HTXLYDOHQWHDOGHO,35(0 '('8&&,Ï13250$7(51,'$' /D/H\GHO,PSXHVWRVREUHOD5HQWDGHODV3HUVRQDV)tVLFDVFRQWHPSODXQD GHGXFFLyQSDUD ODVPXMHUHVWUDEDMDGRUDVFRQKLMDVRVPHQRUHVGHDxRV GHKDVWDHXURVDQXDOHV SRUFDGDPHQRU /DVPXMHUHVKDQGHWUDEDMDUSRUFXHQWDSURSLDRDMHQDHVWDUGDGDVGH DOWD HQHOFRUUHVSRQGLHQWHUpJLPHQGHOD6HJXULGDG6RFLDOR0XWXDOLGDG \FRQYLYLUFRQORVDV KLMRVDVVLHPSUHTXHFDGDPHQRUQRREWHQJDUHQWDV DQXDOHVVXSHULRUHVDHXURV(Q HO FDVR GH DGRSFLyQ R DFRJLPLHQWR OD GHGXFFLyQ VH SRGUi DSOLFDU GXUDQWH ORV WUHV DxRV SRVWHULRUHVDODIHFKD GHODUHVROXFLyQMXGLFLDORDGPLQLVWUDWLYDTXHODGHFODUH (OSDGUHODSDUHMDRHOODWXWRUDHQFDVRGHIDOOHFLPLHQWRGHODPDGUHR FXDQGRRVWHQWHOD JXDUGD\FXVWRGLDGHIRUPDH[FOXVLYDWHQGUiGHUHFKRDOD GHGXFFLyQSHQGLHQWH(QHVWH FDVRWDPELpQGHEHQFXPSOLUVHORVUHTXLVLWRV DQWHULRUHV (OSURFHGLPLHQWRSDUDEHQHILFLDUVHGHODGHGXFFLyQVH OOHYDUiDFDERGHGRVIRUPDV ,QFOXLU OD GHGXFFLyQ HQ OD GHFODUDFLyQ DQXDO GHO ,53) R SDUD ODV PDGUHV QR REOLJDGDVDGHFODUDUHQODFRUUHVSRQGLHQWHVROLFLWXGGHGHYROXFLyQUiSLGD 'HIRUPDDQWLFLSDGDFREUDUHXURVSRUKLMRDFDGDPHVHQHOTXHVHFXPSODQORV UHTXLVLWRVDWUDYpVGHWUDQVIHUHQFLDEDQFDULD 5(&212&,0,(172'(3(5Ë2'2&27,=$'23$5$-8%,/$&,Ï1 2,1&$3$&,'$' 3(50$1(17( 3HULRGRVGHFRWL]DFLyQDVLPLODGRVSRUSDUWR $ ODV WUDEDMDGRUDV VROLFLWDQWHV GH XQD SHQVLyQ FRQWULEXWLYD GH MXELODFLyQ R LQFDSDFLGDG SHUPDQHQWHGHFXDOTXLHUUpJLPHQGHODVHJXULGDG6RFLDOVH OHVUHFRQRFHXQSHUtRGRGH GtDV FRWL]DGRV SRU FDGD SDUWR GH XQ VROR KLMRD para el año 2016, ampliándose progresivamente hasta 270 dias, en le ñao 2019 \GHGtDVPiVSRUFDGDKLMRDD SDUWLUGHOVHJXQGRDHQFDVRGH SDUWRVP~OWLSOHVVDOYRTXHVHKXELHUDFRWL]DGRGXUDQWHOD WRWDOLGDGGHODV VHPDQDVRHQFDVRGHSDUWRP~OWLSOH 0$7(51,'$' %HQHILFLRVSRUFXLGDGRGHKLMRVRPHQRUHV 6HFRPSXWDUi FRPRSHULRGRFRWL]DGRDWRGRVORVHIHFWRVVDOYRSDUDHOFXPSOLPLHQWRGHO SHUtRGRPtQLPRGHFRWL]DFLyQH[LJLGRDTXHOHQHOTXHVHKD\DLQWHUUXPSLGRODFRWL]DFLyQD FDXVDGHODH[WLQFLyQGHODUHODFLyQODERUDORGHODILQDOL]DFLyQGHOFREURGHSUHVWDFLRQHV SRUGHVHPSOHRFXDQGRWDOHVFLUFXQVWDQFLDVVHKD\DQSURGXFLGRHQWUHORVQXHYHPHVHV DQWHULRUHVDOQDFLPLHQWRRORVWUHVPHVHVDQWHULRUHVDODDGRSFLyQRDFRJLPLHQWR SHUPDQHQWHGHXQPHQRU\ODILQDOL]DFLyQGHOVH[WRDxRSRVWHULRUDGLFKDVLWXDFLyQ(O SHUtRGRFRPSXWDEOHFRPRFRWL]DGRVHUiFRPRPi[LPRGHGRVFLHQWRVVHWHQWDGtDVSRUKLMR RPHQRUDGRSWDGRRDFRJLGRVLQTXHHQQLQJ~QFDVRSXHGDVHUVXSHULRUDODLQWHUUXSFLyQ UHDOGHODFRWL]DFLyQ(VWHEHQHILFLRVRORVHUHFRQRFHUiDXQRGHORVSURJHQLWRUHV (QFDVR GHFRQWURYHUVLDHQWUHHOORVVHRWRUJDUiHOGHUHFKRDODPDGUH 3UHVWDFLyQIDPLOLDUHQVXPRGDOLGDGFRQWULEXWLYD /RVSHUtRGRVGHKDVWDWUHVDxRVGHH[FHGHQFLDTXHORVWUDEDMDGRUHVGHDFXHUGR FRQHODUWtFXORGHOWH[WRUHIXQGLGRGHOD/H\GHO(VWDWXWRGHORV7UDEDMDGRUHV GLVIUXWHQ HQ UD]yQ GHO FXLGDGR GH FDGD KLMR R PHQRU HQ UpJLPHQ GH DFRJLPLHQWR SHUPDQHQWHRGHJXDUGDFRQILQHVGHDGRSFLyQWHQGUiQODFRQVLGHUDFLyQGHSHULRGR GH FRWL]DFLyQ HIHFWLYD D HIHFWRV GH ODV FRUUHVSRQGLHQWHV SUHVWDFLRQHV GH OD 6HJXULGDG6RFLDOSRUMXELODFLyQLQFDSDFLGDGSHUPDQHQWHPXHUWH\VXSHUYLYHQFLD PDWHUQLGDG\SDWHUQLGDG 'H LJXDO PRGR VH FRQVLGHUDUi HIHFWLYDPHQWH FRWL]DGR D ORV HIHFWRV GH ODV SUHVWDFLRQHV LQGLFDGDV HQ HO DSDUWDGR DQWHULRU HO SULPHU DxR GHO SHUtRGR GH H[FHGHQFLDTXHORVWUDEDMDGRUHVGLVIUXWHQGHDFXHUGRFRQHODUWtFXORGHOWH[WR UHIXQGLGRGHOD/H\GHO(VWDWXWRGHORV7UDEDMDGRUHVHQUD]yQGHOFXLGDGRGHRWURV IDPLOLDUHVKDVWDHOVHJXQGRJUDGRGHFRQVDQJXLQLGDGRDILQLGDGTXHSRU UD]RQHV GHHGDGDFFLGHQWHHQIHUPHGDGRGLVFDSDFLGDGQRSXHGDQYDOHUVHSRUVtPLVPRV \QRGHVHPSHxHQXQDDFWLYLGDGUHWULEXLGD /DV FRWL]DFLRQHV UHDOL]DGDV GXUDQWH ORV GRV SULPHURV DxRV GHO SHUtRGR GH UHGXFFLyQGHMRUQDGDSRUFXLGDGRGHPHQRUSUHYLVWRHQHOSULPHUSiUUDIRGHO DUWtFXOR GHO(VWDWXWRGHORV7UDEDMDGRUHVVHFRPSXWDUiQLQFUHPHQWDGDVKDVWD HOSRUFLHQGHODFXDQWtDTXHKXELHUDFRUUHVSRQGLGRVLVHKXELHUDPDQWHQLGRVLQ GLFKDUHGXFFLyQODMRUQDGDGHWUDEDMRDHIHFWRVGHODVSUHVWDFLRQHVVHxDODGDVHQHO DSDUWDGR'LFKRLQFUHPHQWRYHQGUiH[FOXVLYDPHQWHUHIHULGRDOSULPHUDxRHQORV VXSXHVWRVGHUHGXFFLyQGHMRUQDGDFRQWHPSODGRVHQHOVHJXQGRSiUUDIRGHO PHQFLRQDGRDUWtFXOR /DVFRWL]DFLRQHVUHDOL]DGDVGXUDQWHORVSHULRGRVHQTXH VH UHGXFH OD MRUQDGD VHJ~Q OR SUHYLVWR HQ HO WHUFHU SiUUDIR GHO DUWtFXOR (reducción de jornada por cuidado de menor por enfermedad grave GHO(VWDWXWR GHORV7UDEDMDGRUHV VHFRPSXWDUiQLQFUHPHQWDGDVKDVWDHOSRUFLHQ GHOD FXDQWtDTXHKXELHUDFRUUHVSRQGLGRVLVHKXELHUDPDQWHQLGRVLQGLFKDUHGXFFLyQOD MRUQDGD GH WUDEDMR D HIHFWRV GH ODV SUHVWDFLRQHV SRU MXELODFLyQ LQFDSDFLGDG SHUPDQHQWH PXHUWH \ VXSHUYLYHQFLD PDWHUQLGDG SDWHUQLGDG ULHVJR GXUDQWH HO HPEDUD]RULHVJRGXUDQWHODODFWDQFLDQDWXUDOHLQFDSDFLGDGWHPSRUDO 0$7(51,'$' 3(50,625(75,%8,'2325/$(035(6$ 3251$&,0,(172'(+,-2$ (OWUDEDMDGRUGLVSRQHGHGRVGtDVGHSHUPLVRUHWULEXLGRSRUQDFLPLHQWR GHKLMRRKLMDSRUHO IDOOHFLPLHQWRDFFLGHQWHRHQIHUPHGDGJUDYHV KRVSLWDOL]DFLyQR LQWHUYHQFLyQTXLU~UJLFD VLQ KRVSLWDOL]DFLyQ TXH SUHFLVH UHSRVR GRPLFLOLDULR GH SDULHQWHV KDVWD HO VHJXQGR JUDGRGHFRQVDQJXLQLGDG RDILQLGDGVLHQGRGHFXDWURGtDVHQFDVRGHTXHQHFHVLWHKDFHU XQ GHVSOD]DPLHQWRSRUHVWHPRWLYR 3XGLHQGRVHUPHMRUDGRSRUFRQYHQLRFROHFWLYRR DFXHUGRGHHPSUHVD (OSDJRGHHVWHSHUPLVRFRUUHDFDUJRGHODHPSUHVD 9$&$&,21(6 &XDQGRODVYDFDFLRQHVFRLQFLGDQHQHOWLHPSRFRQXQDLQFDSDFLGDG WHPSRUDOGHULYDGDGH HPEDUD]RSDUWR RFRQODVXVSHQVLyQ GHOFRQWUDWRSRUPDWHUQLGDGVHWHQGUiGHUHFKRD GLVIUXWDUODV HQ SHUtRGR GLVWLQWR DXQTXH KD\D WHUPLQDGR HO DxR QDWXUDO TXH FRUUHVSRQGD 3$7(51,'$' 'XUDFLyQ\FXDQWtDGHOSHUPLVR (Q FDVRGHQDFLPLHQWRDGRSFLyQRDFRJLPLHQWRHO WUDEDMDGRUGLVSRQHGHXQSHUPLVRSRU SDWHUQLGDGGHGtDVLQLQWHUUXPSLGRV DXPHQWDGRHQGtDVPiVHQFDVRGHSDUWR P~OWLSOHSRUFDGDKLMRDDSDUWLUGHO VHJXQGR(VWHSHUPLVRQRVH SXHGHWUDQVIHULUD OD PDGUH HQ FDVR GH QR VHU GLVIUXWDGR SRU HO SDGUH VH SLHUGH (VWD VXVSHQVLyQ HV LQGHSHQGLHQWH GHO GLVIUXWH FRPSDUWLGR GH ORV SHULRGRV GH GHVFDQVR SRU PDWHUQLGDG 6H SRGUiVXPDUHOSHUPLVRGHSDWHUQLGDGDOSHUPLVRGH PDWHUQLGDGTXHODPDGUHOHKDFHGLGR 9HLQWH GtDV FXDQGR HO QXHYR QDFLPLHQWR DGRSFLyQ R DFRJLPLHQWR VH SURGX]FD HQ XQDIDPLOLDQXPHURVDRTXHDGTXLHUDSRUHVWHKHFKRGLFKDFRQGLFLyQRFXDQGRHQ ODIDPLOLDH[LVWLHUDXQDSHUVRQDFRQGLVFDSDFLGDGHQJUDGRLJXDORVXSHULRUDOSRUFLHQWR 6H DPSOLDUi HQ GtDV PiV SRU FDGD KLMR D SDUWLU GHO VHJXQGR HQ HO VXSXHVWR GH SDUWR DGRSFLyQ R DFRJLPLHQWR P~OWLSOHV 9HLQWH GtDV FXDQGR HO KLMR QDFLGR DGRSWDGR R DFRJLGRWHQJDXQDGLVFDSDFLGDGGHDOPHQRVXQSRUFLHQWR (Q ORV VXSXHVWRV GH DGRSFLyQ R DFRJLPLHQWR HO GHUHFKR DO SHUPLVR SRU SDWHUQLGDG FRUUHVSRQGHUiVyORDXQRGHORVSURJHQLWRUHVVXSXHVWRVGH SDUHMDVGHOPLVPRVH[RD HOHFFLyQGHORVLQWHUHVDGRVDVQRREVWDQWH FXDQGRHOSHUtRGRGHGHVFDQVRSRUPDWHUQLGDG VHDGLVIUXWDGRHQVXWRWDOLGDG SRUXQRGHORVSURJHQLWRUHVHOGHUHFKRDODVXVSHQVLyQSRU SDWHUQLGDG ~QLFDPHQWHSRGUiVHUHMHUFLGRSRUHORWUR (O SHUPLVR SRU SDWHUQLGDG SRGUi GLVIUXWDUVH HQ UpJLPHQ GH MRUQDGD FRPSOHWD R HQ UpJLPHQ GH MRUQDGD SDUFLDO GH XQ PtQLPR GHO SRU SUHYLR DFXHUGR HQWUH HO HPSUHVDULR\HOWUDEDMDGRU 3RGUiGLVIUXWDUVHGHVGHTXHILQDOLFHHOSHUPLVRSRUQDFLPLHQWRGHKLMD RGRVGtDVRORVTXH UHFRQR]FD HOFRQYHQLRFROHFWLYRGXUDQWHWRGRHO WLHPSRTXHGXUHHOSHUPLVRGHPDWHUQLGDG RXQDYH]FRQFOXLGRHOPLVPR 'HEHGLVIUXWDUVHLQLQWHUUXPSLGDPHQWH /D/H\ (IHFWLYDGH,JXDOGDGHQWUH0XMHUHV\+RPEUHVWLHQHFRPRREMHWLYRTXHHOSHUPLVR GHSDWHUQLGDGDXPHQWH GHIRUPDSURJUHVLYDKDVWDDOFDQ]DUFXDWURVHPDQDVGH GXUDFLyQ HQHOSOD]RGHDxRVGHVGHODHQWUDGDHQYLJRUGHODFLWDGDOH\ /D SUHVWDFLyQ VHUi OD HTXLYDOHQWH DO GH OD %DVH 5HJXODGRUD SDUD FRQWLQJHQFLD FRPXQHV 5HTXLVLWRV \ 3URFHGLPLHQWRSDUDSRGHUEHQHILFLDUVHGHODSUHVWDFLyQ /RVUHTXLVLWRVQHFHVDULRVSDUDSRGHUEHQHILFLDUVHVRQORVVLJXLHQWHV (VWDUHQDOWDRHQVLWXDFLyQDVLPLODGDDODOWD 7HQHU FRWL]DGRV GtD HQ ORV VLHWH DxRV DQWHULRUHV DO QDFLPLHQWR DGRSFLyQ R DFRJLGDRGtDVHQWRGDODYLGDODERUDO (QFXDQWRDOSURFHGLPLHQWRTXHKD\TXHVHJXLUSDUDSRGHUGLVIUXWDUGHHVWDSUHVWDFLyQVH GHEHUiQGHUHDOL]DUORVVLJXLHQWHVWUDPLWHV 3$7(51,'$' 3UHVHQWDU PRGHOR GH VROLFLWXG FRUUHVSRQGLHQWH FRQ OD GRFXPHQWDFLyQ QHFHVDULD '1, R SDVDSRUWH HQ VX FDVR \ GRFXPHQWDFLyQ UHODWLYD D OD FRWL]DFLyQ /D VROLFLWXG \ GHPiV GRFXPHQWDFLyQVHSUHVHQWDUiHQFXDOTXLHUFHQWURGHDWHQFLyQHLQIRUPDFLyQGHO,166 (OSOD]RPi[LPRSDUDUHVROYHU\QRWLILFDUHOSURFHGLPLHQWRLQLFLDGRVHUiGHGtDVTXHVH FRQWDUiQ GHVGH OD IHFKD HQ OD TXH VX VROLFLWXG KD WHQLGR HQWUDGD HQ HO UHJLVWUR GH OD 'LUHFFLyQ3URYLQFLDOGHO,166 3DWHUQLGDG0DWHUQLGDG \ 'HVHPSOHR &XDQGRHOWUDEDMDGRUVHHQFXHQWUHHQVLWXDFLyQGHPDWHUQLGDGR SDWHUQLGDG\GXUDQWHOD PLVPD VH H[WLQJD VX FRQWUDWR VHJXLUi SHUFLELHQGR OD SUHVWDFLyQ SRU PDWHUQLGDG R SDWHUQLGDGKDVWDTXHVHH[WLQJDGLFKDVLWXDFLyQSDVDQGRHQWRQFHVDODVLWXDFLyQOHJDOGH GHVHPSOHR\DSHUFLELUVLUH~QHORVUHTXLVLWRVQHFHVDULRVODFRUUHVSRQGLHQWHSUHVWDFLyQ (QHVWHFDVRQRVHGHVFRQWDUiGHOSHUtRGRGHSHUFHSFLyQGHODSUHVWDFLyQSRUGHVHPSOHR GH QLYHO FRQWULEXWLYR HO WLHPSR TXH KXELHUD SHUPDQHFLGR HQ VLWXDFLyQ GH PDWHUQLGDG R SDWHUQLGDG &XDQGR HO WUDEDMDGRU HVWp SHUFLELHQGR OD SUHVWDFLyQ SRU GHVHPSOHR WRWDO \ SDVH D OD VLWXDFLyQGHPDWHUQLGDGRSDWHUQLGDGSHUFLELUiODSUHVWDFLyQSRUHVWD~OWLPDFRQWLQJHQFLD HQODFXDQWtDTXHFRUUHVSRQGD 6L HO WUDEDMDGRU SDVD D OD VLWXDFLyQ GH PDWHUQLGDG R SDWHUQLGDG VH OH VXVSHQGHUi OD SUHVWDFLyQ SRU GHVHPSOHR \ OD FRWL]DFLyQ D OD 6HJXULGDG 6RFLDO \ SDVDUi D SHUFLELU OD SUHVWDFLyQSRUPDWHUQLGDGRSDWHUQLGDGJHVWLRQDGDGLUHFWDPHQWHSRUOD(QWLGDG*HVWRUD /$&7$1&,$ 4XpHVODODFWDQFLD\GyQGHVHUHJXOD" ¢ (O SHUPLVR GH ODFWDQFLD VH HQFXHQWUD UHJXODGR HQ HO $UWtFXOR GHO (VWDWXWR GH ORV WUDEDMDGRUHV(VWHDUWtFXORHVWDEOHFHTXHODVWUDEDMDGRUDV SRUODFWDQFLDGHXQKLMRDPHQRU GHQXHYHPHVHVWHQGUiQGHUHFKRDXQD KRUDGHDXVHQFLDGHOWUDEDMRTXHSRGUiQGLYLGLUHQ GRVIUDFFLRQHVGRV PHGLDVKRUDVLQFUHPHQWiQGRVHSURSRUFLRQDOPHQWHHQFDVRVGHSDUWR P~OWLSOH/DPXMHUSXHGHRSWDUSRUVXVWLWXLUHVWHGHUHFKRSRUXQD UHGXFFLyQGHVXMRUQDGD HQPHGLDKRUDFRQODPLVPDILQDOLGDG(VWH SHUPLVRHVUHWULEXLGR (OSHUPLVRVHSXHGHGLVIUXWDUWDQWRHQORVVXSXHVWRVGHODFWDQFLDQDWXUDO FRPRDUWLILFLDO ([LVWH OD SRVLELOLGDG GH OD DFXPXODFLyQ GH OD KRUD GH ODFWDQFLD SRU MRUQDGDV FRPSOHWDVHQORVWpUPLQRVSUHYLVWRVHQODQHJRFLDFLyQFROHFWLYDRHQHODFXHUGRFRQ HO HPSUHVDULR SXGLHQGR GLVIUXWDU GH HOODV GH IRUPD FRQWLQXDGD D OD EDMD SRU PDWHUQLGDG 'XUDFLyQ (OSHUPLVRVHSXHGHGLVIUXWDUKDVWDTXHHOODPHQRUFXPSODQXHYHPHVHV 'LVIUXWHGHOSHUPLVRGHODFWDQFLDSRUHOSDGUH\RODSDUHMD (VWHSHUPLVRSRGUiVHUGLVIUXWDGRLQGLVWLQWDPHQWHSRUODPDGUHROD SDUHMDHQFDVRGHTXH DPERV WUDEDMHQ 3HUR VL OD PDGUH QR UHDOL]D XQD SUHVWDFLyQ ODERUDO SRU FXHQWD DMHQD HO SHUPLVRQRSXHGHVHUGLVIUXWDGR SRUVXSDUHMD &RQFUHFLyQKRUDULDGHOGLVIUXWH /D WUDEDMDGRUDWUDEDMDGRU HV TXLHQ WLHQH OD IDFXOWDG GH GHFLGLU OD FRQFUHFLyQ KRUDULD \ OD GHWHUPLQDFLyQGHOSHUtRGRGHGLVIUXWHGHO SHUPLVRGHODFWDQFLD (Q FDVR GH GLVFUHSDQFLDV HQWUH OD HPSUHVD \ OD WUDEDMDGRUD R HO WUDEDMDGRU VREUH OD FRQFUHFLyQ KRUDULD R OD GHWHUPLQDFLyQ GHO SHUtRGR GH GLVIUXWH GHO SHUPLVR VH SXHGH SUHVHQWDUXQDGHPDQGDDQWHORV-X]JDGRVGHOR 6RFLDOSDUDTXHUHFRQR]FDQHOHMHUFLFLRGH HVWHSHUPLVRDWUDYpVGHXQ SURFHGLPLHQWRHVSHFtILFRSDUDHVWDVUHFODPDFLRQHV 'HVSLGRSRUGLVIUXWHGHOSHUPLVRGHODFWDQFLD (O GHVSLGR SRU VROLFLWXG \ GLVIUXWH GHO SHUPLVR GH ODFWDQFLD HV QXOR SRU YXOQHUDFLyQ GH GHUHFKRVIXQGDPHQWDOHV)UHQWHDHVWHGHVSLGRKD\ TXHGHPDQGDUDODHPSUHVDDQWHV GHTXHWUDQVFXUUDQORVYHLQWHGtDV VLJXLHQWHVDODQRWLILFDFLyQGHOGHVSLGR /$&7$1&,$ 'LVIUXWHVLPXOWiQHRGHOSHUPLVRGHODFWDQFLD\R ODUHGXFFLyQGH MRUQDGD /D OHJLVODFLyQ ODERUDOQR OLPLWD HO GLVIUXWH VLPXOWiQHR GH DPERV SHUPLVRV $GHPiV H[LVWHQVHQWHQFLDVGHORV7ULEXQDOHVGH-XVWLFLD TXHUHFRQRFHQH[SUHVDPHQWHTXHDPERV SHUPLVRVVRQGLVWLQWRV\ DFXPXODEOHV 6HSXHGHQDJUXSDUODVKRUDVGHODFWDQFLDHQGtDV" ¢ 6tDSDUWLUGHODHQWUDGDHQYLJRUGHOD/H\GH,JXDOGDGVHSXHGHQDFXPXODUODVKRUDVGH ODFWDQFLDHQMRUQDGDVFRPSOHWDVHQODIRUPDTXHVHDFXHUGHHQODQHJRFLDFLyQFROHFWLYDR DFXHUGRFRQHOHPSUHVDULR 3UHVWDFLyQSRUULHVJRGXUDQWHODODFWDQFLDQDWXUDO 6HFRQFHGHUiDODPXMHUWUDEDMDGRUDODSRVLELOLGDGGHVXVSHQGHUHO FRQWUDWRGHWUDEDMRHQ ORVVXSXHVWRVHQTXHGHELHQGRFDPELDUVX SXHVWRGHWUDEDMRSRURWURFRPSDWLEOHFRQVX VLWXDFLyQGLFKRFDPELR QRUHVXOWHWpFQLFDXREMHWLYDPHQWHSRVLEOHRQRSXHGDH[LJLUVHSRU PRWLYRVMXVWLILFDGRV/DSUHVWDFLyQHFRQyPLFDVHUiLJXDOTXHHQHO FDVRGHULHVJRGXUDQWH HOHPEDUD]RHTXLYDOHQWHDOGHOD%DVH 5HJXODGRUDSRUFRQWLQJHQFLDVSURIHVLRQDOHV 5('8&&,Ï1'(-251$'$325027,926 )$0,/,$5(6 5HJXODFLyQ \VXSXHVWRV (OSHUPLVRGHUHGXFFLyQGHMRUQDGDSRUFXLGDGRGHIDPLOLDUHVKDVWDHO VHJXQGRJUDGRGH FRQVDQJXLQLGDGRDILQLGDGHVWi UHJXODGRHQHODUWtFXOR GHO(VWDWXWRGHORV7UDEDMDGRUHV \SXHGHQDFRJHUVHDpOWDQWRORV WUDEDMDGRUHVFRPRODVWUDEDMDGRUDV 3RGUi VROLFLWDU OD UHGXFFLyQ GH MRUQDGD TXLHQHV SRU UD]RQHV GH JXDUGD OHJDO WHQJD D VX FXLGDGRGLUHFWR 0HQRUHVGH DxRV 3HUVRQDV FRQ GLVFDSDFLGDG ItVLFD SVtTXLFD R VHQVRULDO VLQ OtPLWH GH HGDG TXH QR GHVHPSHxHDFWLYLGDGUHWULEXLGD 8QIDPLOLDUGLUHFWRKDVWDHOVHJXQGRJUDGRGHFRQVDJXLQLGDGRDILQLGDG TXHSRUUD]RQHV GH HGDG DFFLGHQWH R HQIHUPHGDG QR SXHGD YDOHUVH SRU Vt PLVPR \ QR GHVHPSHxH DFWLYLGDGUHWULEXLGD 'XUDFLyQGHOSHUPLVR \FXDQWtDGHODUHGXFFLyQ 0HQRUHVGH DxRVODGXUDFLyQPi[LPDGHOSHUPLVR HQHOSULPHUVXSXHVWRHVKDVWDTXH HOOD PHQRUFXPSOD DxRV 'HPiVVXSXHVWRV (QORVGHPiVVXSXHVWRVQRH[LVWHQLQJ~QOtPLWH HQFXDQWR DODGXUDFLyQ GHOSHUPLVR /DUHGXFFLyQGHMRUQDGDGHEHVHUFRPRPtQLPRGHXQRFWDYR\FRPR Pi[LPRODPLWDG GH ODPLVPD3RUHMHPSORHQXQDMRUQDGDODERUDOGH RFKRKRUDVODUHGXFFLyQVHUtDHQWUH \KRUDV &RWL]DFLRQHVGXUDQWHODUHGXFFLyQGHMRUQDGD /DV FRWL]DFLRQHV D OD VHJXULGDG VRFLDO UHDOL]DGDV GXUDQWH ORV GRV SULPHURV DxRV GHO SHUtRGRGHUHGXFFLyQGHMRUQDGDSRUFXLGDGRGHXQD PHQRUVHFRPSXWDUiQLQFUHPHQWDGDV KDVWDHO GHODFXDQWtDTXH KXELHUDFRUUHVSRQGLGRVLVHKXELHUDPDQWHQLGRODMRUQDGD GH WUDEDMR VLQ GLFKD UHGXFFLyQ (Q HO FDVR GH UHGXFFLyQ GH MRUQDGD SRU FXLGDGR GH XQD SHUVRQDFRQGLVFDSDFLGDG RGHXQDIDPLOLDUGLFKRLQFUHPHQWR VHUi~QLFDPHQWHGXUDQWH HOSULPHUDxR 5HGXFFLyQGH6DODULR (OVDODULRVHUHGXFHGHIRUPDSURSRUFLRQDODODUHGXFFLyQGHOD MRUQDGD 5('8&&,Ï1'(-251$'$325027,926)$0,/,$5(6 'HWHUPLQDFLyQGHOSHUtRGRGHGLVIUXWH 'LVFUHSDQFLDVHQWUHHPSUHVD\WUDEDMDGRUD /DHPSUHVDQRSXHGHREOLJDUDOWUDEDMDGRUDDGLVIUXWDU GH HVWHSHUPLVR HQHOKRUDULRTXH PiVOHLQWHUHVHHVODHO WUDEDMDGRUDRUTXLHQWLHQH ODIDFXOWDGGHGHFLGLUODFRQFUHFLyQ KRUDULD\ODGHWHUPLQDFLyQGHO SHUtRGRGHGLVIUXWHGHGLFKRSHUPLVR 6L H[LVWHQ GLVFUHSDQFLDV VREUH OD FRQFUHFLyQ KRUDULD R OD GHWHUPLQDFLyQ GHO SHUtRGR GH GLVIUXWHGHOSHUPLVRVHSXHGHSUHVHQWDUXQDGHPDQGD DQWHORV-X]JDGRVGHOR6RFLDOSDUD TXHUHFRQR]FDQHOHMHUFLFLRGH HVWHSHUPLVRDWUDYpVGHXQSURFHGLPLHQWRHVSHFtILFRSDUD HVWDV UHFODPDFLRQHVSUHYLVWRHQOD/H\GH3URFHGLPLHQWR/DERUDO 6ROLFLWXGSRUSDUWHGHOSDGUH\RSDUHMD /DUHGXFFLyQGHMRUQDGDHVXQGHUHFKRLQGLYLGXDOGHODVSHUVRQDV WUDEDMDGRUDVKRPEUHVR PXMHUHV 3RU HOOR FXDOTXLHUD GH ORV SURJHQLWRUHV SXHGH VROLFLWDU OD UHGXFFLyQ GH MRUQDGD LQGHSHQGLHQWHPHQWHGHOD VLWXDFLyQODERUDOGHORWURSURJHQLWRU 6LPXOWDQHLGDGGHOSHUPLVRGHODFWDQFLD\ODUHGXFFLyQGHMRUQDGD SRUFXLGDGRGHKLMRVDV /D OHJLVODFLyQ ODERUDO QR OLPLWD HO GLVIUXWH VLPXOWiQHR GH DPERV SHUPLVRV SRU OR TXH VH SXHGHQGLVIUXWDUDODYH]([LVWHQVHQWHQFLDV GHORV7ULEXQDOHVGH-XVWLFLDTXHUHFRQRFHQ H[SUHVDPHQWHTXHDPERV SHUPLVRVVRQGLVWLQWRV\DFXPXODEOHV 3OD]RGHVROLFLWXG\SURFHGLPLHQWR /D/H\ QRH[LJHQLQJ~QSOD]RGHDQWHODFLyQSDUDFRPXQLFDUODVROLFLWXG GHODUHGXFFLyQGH MRUQDGD3RUWDQWRSXHGHVROLFLWDUVHHQFXDOTXLHU PRPHQWRGHQWURGHOSHUtRGRGHGLVIUXWH HQHOFDVRGHOFXLGDGRGH KLMDVRVKDVWDTXHHOPHQRUFXPSODRFKRDxRV /D OH\QRH[LJHTXHODVROLFLWXGVHKDJDSRUHVFULWRSHURSRUUD]RQHV GHVHJXULGDGMXUtGLFD VHGHEHKDFHUVLHPSUH SRUHVFULWR(QHOHVFULWR VHGHEHLQGLFDUFXiQWRVHYDDUHGXFLUOD MRUQDGDHOKRUDULRGHWUDEDMR TXHVHUHDOL]DUi\ODGXUDFLyQGHOSHUtRGRGHGLVIUXWHDVtFRPR ODV IHFKDVGHLQLFLR\ILQDOL]DFLyQGHOPLVPR &RPXQLFDFLyQGHODUHLQFRUSRUDFLyQ (OWUDEDMDGRUDGHEHSUHDYLVDUDODHPSUHVDFRQTXLQFHGtDVGH DQWHODFLyQODIHFKDHQTXH VHUHLQFRUSRUDUiDODMRUQDGDRUGLQDULDDQRVHUTXHHOFRQYHQLRFROHFWLYRHVWDEOH]FDFRVD GLVLWLQWD 5('8&&,Ï1'(-251$'$325027,926)$0,/,$5(6 'HVSLGRSRUVROLFLWXGGHODUHGXFFLyQGHMRUQDGD (O GHVSLGR SRU VROLFLWDU OD UHGXFFLyQ GH MRUQDGD HV QXOR SRU YXOQHUDFLyQ GH GHUHFKRV IXQGDPHQWDOHVIUHQWHDOTXHKD\TXHGHPDQGDUDOD HPSUHVDDQWHVGHTXHWUDQVFXUUDQORV YHLQWHGtDVVLJXLHQWHVDOD QRWLILFDFLyQGHOGHVSLGR (OHFFLyQGHWXUQRVLQUHGXFFLyQGHMRUQDGD 6HSRGUiDGDSWDUODGXUDFLyQ \GLVWULEXFLyQGHODMRUQDGDGHWUDEDMRSDUD KDFHUHIHFWLYRHO GHUHFKR D OD FRQFLOLDFLyQ GH OD YLGD SHUVRQDO ODERUDO \ IDPLOLDU HQ ORV WpUPLQRV TXH HVWDEOH]FDODQHJRFLDFLyQFROHFWLYDRSRUDFXHUGRFRQODGLUHFFLyQGHODHPSUHVD (;&('(1&,$6325&8,'$'2'()$0,/,$5(6 6XSXHVWRV /DH[FHGHQFLDSRUFXLGDGRGHIDPLOLDUHVHVWiUHJXODGDHQHODUWtFXOR GHO(VWDWXWRGH ORV7UDEDMDGRUHV x 3RU HO FXLGDGR GH KLMDVRV PHQRUHV GH WUHV DxRV WDQWR FXDQGR OR VHDQ SRU QDWXUDOH]D FRPR SRU DGRSFLyQ R HQ ORV VXSXHVWRV GH DFRJLPLHQWR WDQWR SHUPDQHQWHFRPRSUHDGRSWLYRDXQTXHHVWRVVHDQSURYLVLRQDOHV x 3RU HO FXLGDGR GH XQ IDPLOLDU KDVWD VHJXQGR JUDGR GH FRQVDQJXLQLGDG R DILQLGDGTXHSRUUD]RQHVGHHGDGDFFLGHQWHHQIHUPHGDGRGLVFDSDFLGDG QRSXHGD YDOHUVHSRUVtPLVPR\QRGHVHPSHxHDFWLYLGDGUHWULEXLGD 'XUDFLyQ &XLGDGR GH KLMDVRV PHQRUHV GH WUHV DxRV OD GXUDFLyQ Pi[LPD GHO SHUPLVR VRQ WUHV DxRVD FRQWDUGHVGHODIHFKDGHQDFLPLHQWRRHQVXFDVRGHODUHVROXFLyQMXGLFLDO R DGPLQLVWUDWLYDSDUDORVFDVRVGHDGRSFLyQRDFRJLPLHQWRSUHDGRSWLYRR SHUPDQHQWH &XLGDGR GH XQ IDPLOLDU KDVWD VHJXQGR JUDGR GH FRQVDQJXLQLGDG R DILQLGDG OD GXUDFLyQPi[LPDHVGHGRVDxRVVDOYRTXHVHHVWDEOH]FDXQDGXUDFLyQVXSHULRUDWUDYpV GHODQHJRFLDFLyQFROHFWLYD 6ROLFLWXGSRUSDUWHGHOSDGUH /D/H\UHFRQRFHTXHODH[FHGHQFLDSRUFXLGDGRGHKLMDVRVHVXQGHUHFKR LQGLYLGXDOGHODV SHUVRQDV WUDEDMDGRUDV KRPEUHV R PXMHUHV (VWR VLJQLILFD TXH FXDOTXLHUD GH ORV SURJHQLWRUHV SXHGH VROLFLWDU HVWH WLSR GH H[FHGHQFLD LQGHSHQGLHQWHPHQWH GH OD VLWXDFLyQODERUDOGHORWURSURJHQLWRU1RREVWDQWHVLGRVRPiVWUDEDMDGRUHVGHODPLVPD HPSUHVDJHQHUDQHVWHGHUHFKRSRUHOPLVPRVXMHWRFDXVDQWHHOHPSUHVDULRSXHGHOLPLWDU VXHMHUFLFLRVLPXOWiQHRSRUUD]RQHVMXVWLILFDGDVGHIXQFLRQDPLHQWRGHODHPSUHVD 'HUHFKRVODERUDOHVGXUDQWHODH[FHGHQFLD (OSHUtRGRHQHOTXHHOWUDEDMDGRUDSHUPDQH]FDHQVLWXDFLyQGHH[FHGHQFLD SRUFXLGDGRGH KLMDVRVPHQRUHVGHWUHVDxRVRGHIDPLOLDUHVVHUi FRPSXWDEOHDHIHFWRVGHDQWLJHGDG 7HQGUi GHUHFKR D OD DVLVWHQFLD D ORV FXUVRV GH IRUPDFLyQ SURIHVLRQDO D FX\D SDUWLFLSDFLyQGHEHUiVHUFRQYRFDGRDSRUSDUWHGHODHPSUHVD 'XUDQWH HO SULPHU DxR WLHQH GHUHFKR D OD UHVHUYD GH VX SXHVWR GH WUDEDMR $ SDUWLU GHO VHJXQGR DxRODUHVHUYDHVGHXQSXHVWRGHWUDEDMRGHO PLVPRJUXSRSURIHVLRQDORFDWHJRUtD HTXLYDOHQWH (;&('(1&,$6325&8,'$'2'()$0,/,$5(6 &RQVHFXHQFLDVDHIHFWRVGHSUHVWDFLRQHVGHODVHJXULGDGVRFLDO &XLGDGR GH KLMDVRV PHQRUHV GH WUHV DxRV ORV GRV SULPHURV DxRV GHO SHUtRGR GH H[FHGHQFLDSRUFXLGDGRGH KLMRVDVVHFRQVLGHUDQFRPRGHFRWL]DFLyQHIHFWLYDSDUDFDXVDU GHUHFKR DODVSUHVWDFLRQHVGH -XELODFLyQ ,QFDSDFLGDGSHUPDQHQWH 0XHUWH RVXSHUYLYHQFLD 0DWHUQLGDG 3DWHUQLGDG (VWHSHUtRGRWHQGUiXQD GXUDFLyQGHWUHLQWDPHVHVVLVHWUDWDGHXQDIDPLOLDQXPHURVDGH FDWHJRUtD JHQHUDO \ GH WUHLQWD \ VHLV PHVHV VL HV XQD IDPLOLD QXPHURVD GH FDWHJRUtD HVSHFLDO &XLGDGR GH XQ IDPLOLDU KDVWD VHJXQGR JUDGR GH FRQVDQJXLQLGDG R DILQLGDG VH FRQVLGHUDGHFRWL]DFLyQHIHFWLYDHOSULPHUDxRGHVX GLVIUXWH &XDQGR HVWDV H[FHGHQFLDV YHQJDQ SUHFHGLGDV GH XQD UHGXFFLyQ GH MRUQDGD SRUPRWLYRV IDPLOLDUHV ODV FRWL]DFLRQHV UHDOL]DGDV GXUDQWH OD PLVPD VH FRPSXWDUiQ LQFUHPHQWDGDV KDVWDHOGHODFXDQWtDTXH KXELHUDFRUUHVSRQGLGRVLVHKXELHUDPDQWHQLGRVLQGLFKD UHGXFFLyQ (VWD PLVPD VLWXDFLyQ VH WHQGUi HQ FXHQWD SDUD ODV LQGHPQL]DFLRQHV HQ FDVR GH GHVSLGRRH[WLQFLyQGHOFRQWUDWRGHWUDEDMR )RUPD /DOH\QRH[LJHTXHODVROLFLWXGGHKDJDSRUHVFULWRSHURSRUUD]RQHVGH VHJXULGDGMXUtGLFD VHGHEHKDFHUVLHPSUH SRUHVFULWR(QHOHVFULWRVHGHEH KDFHUFRQVWDUODGXUDFLyQGHO SHUtRGRGHGLVIUXWHGHH[FHGHQFLDLQGLFDQGR ODVIHFKDVGHLQLFLR\ILQDOL]DFLyQGHOPLVPR &RPXQLFDFLyQGHODUHLQFRUSRUDFLyQ /D /H\ QR H[LJHTXH HOOD WUDEDMDGRUDPDQLILHVWH VX YROXQWDG GHUHLQFRUSRUDUVH FRQ XQD GHWHUPLQDGD DQWHODFLyQ EDVWD FRQ TXH VROLFLWH HO UHLQJUHVR HQ FXDOTXLHU PRPHQWR DQWHULRUDODWHUPLQDFLyQGHODH[FHGHQFLD 'HVSLGRSRUVROLFLWXGGHODH[FHGHQFLD (OGHVSLGRSRUVROLFLWDU\GLVIUXWDUXQDH[FHGHQFLDSRUFXLGDGRGHKLMDVRV HVQXORSRU YXOQHUDFLyQGHGHUHFKRVIXQGDPHQWDOHVIUHQWHDOTXHKD\TXH GHPDQGDUDODHPSUHVD DQWHVGHTXHWUDQVFXUUDQORVYHLQWHGtDVVLJXLHQWHV DODQRWLILFDFLyQGHOGHVSLGR 787(/$-85Ë',&$&2175$/$',6&5,0,1$&,Ï1 (Q HO DUWtFXOR GH OD /H\ GH ,JXDOGDG VH UHFRJH TXH ORV DFWRV \ ODV FOiXVXODV TXH FRQVWLWX\DQRFDXVHQGLVFULPLQDFLyQSRUUD]yQGHVH[RVH FRQVLGHUDUDQQXORV\VLQHIHFWR \GDUiQOXJDUDUHVSRQVDELOLGDGDWUDYpVGH XQVLVWHPDGHUHSDUDFLRQHVRLQGHPQL]DFLRQHV TXH VHDQ UHDOHV HIHFWLYDV \ SURSRUFLRQDOHV DO SHUMXLFLR VXIULGR $GHPiV HO DUWtFXOR HVWDEOHFHTXH FRUUHVSRQGHDODSHUVRQDGHPDQGDGDSUREDUODDXVHQFLDGHGLVFULPLQDFLyQ HQODVPHGLGDVDGRSWDGDV\VXSURSRUFLRQDOLGDGHVGHFLUVHLQYLHUWHODFDUJDGHODSUXHED 6HUiQXORHOGHVSLGRRODH[WLQFLyQGHOFRQWUDWRGHWUDEDMRSRUFDXVDV REMHWLYDVGHODVORV WUDEDMDGRUDVHVGXUDQWHHOSHUtRGRGHVXVSHQVLyQGHO FRQWUDWRGHWUDEDMRSRUPDWHUQLGDG ULHVJRGXUDQWHHOHPEDUD]RULHVJR GXUDQWHODODFWDQFLDQDWXUDOHQIHUPHGDGHVFDXVDGDV SRU HPEDUD]R SDUWR R ODFWDQFLD QDWXUDO DGRSFLyQ R DFRJLPLHQWR R SDWHUQLGDG R HO QRWLILFDGR HQ XQD IHFKD WDO TXH HO SOD]R GH SUHDYLVR FRQFHGLGR ILQDOLFH GHQWUR GH GLFKR SHUtRGR 7DPELpQVHUiQXORHOGHVSLGRRODH[WLQFLyQGHOFRQWUDWRGHWUDEDMRSRU FDXVDVREMHWLYDVGH ODVWUDEDMDGRUDVHPEDUD]DGDVGHVGHODIHFKDGHLQLFLR GHOHPEDUD]RKDVWDHOFRPLHQ]R GHOSHUtRGRGHVXVSHQVLyQGHOFRQWUDWR SRUFXDOTXLHUDGHORVPRWLYRVFLWDGRVDQWHULRUPHQWH \HOGHORVODV WUDEDMDGRUHVDVTXHKD\DQVROLFLWDGRSHUPLVRGHODFWDQFLDSHUPLVRHQORV FDVRVGHQDFLPLHQWRGHKLMDVRVSUHPDWXUDVRVRUHGXFFLyQGHMRUQDGDSRU FXLGDGRGHIDPLOLDUHVRHVWpQGLVIUXWDQGRGHHOORVRKD\DQVROLFLWDGRR HVWpQGLVIUXWDQGR OD H[FHGHQFLD SRU FXLGDGR GHPHQRUHV RIDPLOLDUHV \ HO GH ODVWUDEDMDGRUDV YtFWLPDV GH YLROHQFLDGHJpQHURSRUHOHMHUFLFLRGHVXV GHUHFKRV ,JXDOPHQWHVHUiQXOR HOGHVSLGRRODH[WLQFLyQGHOFRQWUDWRGHWUDEDMRSRU FDXVDVREMHWLYDV GH ODVORV WUDEDMDGRUDVHV GHVSXpV GH YROYHU DO WUDEDMR DO ILQDOL]DU ORV SHUtRGRV GH VXVSHQVLyQGHOFRQWUDWRSRUPDWHUQLGDGDGRSFLyQ RDFRJLPLHQWRRSDWHUQLGDGVLHPSUHTXH QRKXELHUDQWUDQVFXUULGRPiVGH QXHYHPHVHVGHVGHODIHFKDGHQDFLPLHQWRDGRSFLyQR DFRJLPLHQWRGHOD KLMDR 1RUHQRYDFLyQGHOFRQWUDWRSRUHPEDUD]R 6LQR VHUHQXHYDHOFRQWUDWRDVXILQDOL]DFLyQSRUFDXVDGHOHPEDUD]RVH FRQVLGHUDTXHVH KDSURGXFLGRXQDGLVFULPLQDFLyQSRUUD]yQGHVH[R\ HQFRQVHFXHQFLDODWUDEDMDGRUDWLHQH GHUHFKRDUHFXSHUDUVXSXHVWRGH WUDEDMR (QHVWHFDVRGHEHSUHVHQWDUVHGHPDQGDSRUYXOQHUDFLyQGHGHUHFKRV IXQGDPHQWDOHVDQWHV GHTXHWUDQVFXUUDQYHLQWHGtDVGHVGHTXHVHSURGXFHOD QRWLILFDFLyQGHODH[WLQFLyQGHOD UHODFLyQODERUDOSRUSDUWHGHODHPSUHVD 'HVSLGRGLVFLSOLQDULR 6HHVWDEOHFHQFRPRQXHYRVVXSXHVWRVGHFDXVDGHGHVSLGRGLVFLSOLQDULR HODFRVRVH[XDO \HODFRVRSRUUD]yQGHVH[RTXHSXHGHHIHFWXDUXQWUDEDMDGRUELHQVREUHHOOD 787(/$-85Ë',&$&2175$/$',6&5,0,1$&,Ï1 HPSUHVDULRD RELHQVREUHRWURDWUDEDMDGRUD \TXHHQFXDOTXLHUFDVRPHUHFHHOUHSURFKH GHOHPSOHDGRUFRQODVDQFLyQGHGHVSLGRSRULQFXPSOLPLHQWRJUDYH 6H WHQGUi GHUHFKR D OD WXWHOD MXGLFLDO HIHFWLYD FRQ SURFHGLPLHQWR SUHIHUHQWH HQ ODV GLVFUHSDQFLDVHQUHODFLyQFRQHOHMHUFLFLRGHORVGHUHFKRVGH FRQFLOLDFLyQGHODYLGDODERUDO SHUVRQDO\IDPLOLDU ,QGHPQL]DFLRQHV (Q ORV VXSXHVWRV GH UHGXFFLyQ GH MRUQDGD SRU JXDUGD OHJDO FXLGDGR GLUHFWR GH IDPLOLDU KRVSLWDOL]DFLyQ GH KLMRVDV SUHPDWXURV \ HMHUFLFLR GH HVWH GHUHFKR SRU VHU WUDEDMDGRUD YtFWLPDGHYLROHQFLDGHJpQHURDVt FRPRHQORVVXSXHVWRVGHGLVIUXWHDWLHPSRSDUFLDOGH ORVSHUPLVRVGH PDWHUQLGDG\SDWHUQLGDGHOVDODULRDWHQHUHQFXHQWDDHIHFWRVGHOFiOFXOR GHLQGHPQL]DFLRQHVVHUiHOTXHKXELHUDFRUUHVSRQGLGRDOWUDEDMDGRUR WUDEDMDGRUDVLQ FRQVLGHUDUODUHGXFFLyQGHMRUQDGDHIHFWXDGD (648(0$*5$'26'(3$5(17(6&2 *5$'26'(3$5(17(6&2 DILQLGDG\FRQVDQJXLQLGDG 75$%$-$'25$ 3ULPHUJUDGR &yQ\XJHPDGUH\ SDGUHKLMRVDV \HUQRV\QXHUDV VXHJURVVXHJUDV 6HJXQGRJUDGR DEXHORVDV KHUPDQRVDV FXxDGRVDV QLHWRVDV 7HUFHUJUDGR &XDUWRJUDGR WtRVDV 6REULQRVDV %LVDEXHORVDV 3ULPDVRV 02'(/26'(62/,&,78' 02'(/2'(&2081,&$&,Ï1$/$(035(6$'(/$6,78$&,Ï1'((0%$5$=2 1RPEUHGHODHPSUHVD $$5HVSRQVDEOHGH5HFXUVRV+XPDQRV 'LUHFFLyQ 'xDFRQ'1,FRQGRPLFLOLRDHIHFWRVGHQRWLILFDFLRQHVHQ SRUPHGLRGHODSUHVHQWH&2081,&$ 4XH HQ OD DFWXDOLGDG PH HQFXHQWUR HQ VLWXDFLyQ GH HPEDUD]RWDO FRPR VH VHxDOD HQ HO LQIRUPHPpGLFRDGMXQWRRSFLRQDO (VWDQGRHQODVHPDQDGHJHVWDFLyQVHLQIRUPDD ODHPSUHVDGH ODVLWXDFLyQSDUDTXHWHQJDFRQRFLPLHQWRVGHORVKHFKRV\DOHIHFWRFXPSOD FRQORHVWDEOHFLGRHQHO$UWGHOD/H\GH3UHYHQFLyQGH5LHVJRV/DERUDOHV HQUHODFLyQ DODSURWHFFLyQGHOD PDWHUQLGDG 6LQRWURSDUWLFXODUDSURYHFKDQGRODRFDVLyQSDUDVDOXGDUOH (QDGHGH )LUPDWUDEDMDGRUD 5HFLEtHPSUHVDULR )HFKD )LUPD\ VHOOR 02'(/26'(62/,&,78' 02'(/2'(62/,&,78''(3(50,623251$&,0,(172'(+,-2$2325(/ )$//(&,0,(172 $&&,'(17(2(1)(50('$'*5$9(+263,7$/,=$&,Ï12 ,17(59(1&,Ï148,5Ò5*,&$6,1 +263,7$/,=$&,Ï148(35(&,6(5(3262 '20,&,/,$5,2'(3$5,(17(6+$67$(/6(*81'2 *5$'2'(&216$1*8,1,'$'2$),1,'$' 1RPEUHGHODHPSUHVD $$5HVSRQVDEOHGH5HFXUVRV+XPDQRV 'LUHFFLyQ 1RPEUHWUDEDMDGRUD '1,««««««'LUHFFLyQ 0HGLDQWHHOSUHVHQWHHVFULWR\SRUHOGHUHFKRTXHPHDVLVWHUHFRJLGR HQHODUWtFXORGHO (VWDWXWRGHORV7UDEDMDGRUHV\HODUWtFXORGHO YLJHQWH&RQYHQLR&ROHFWLYRGHOH QRWLILFR PL GHVHR GH HMHUFHU HO GHUHFKR D « GtDV GH SHUPLVR UHWULEXLGR SRU PRWLYR GH QDFLPLHQWR GH KLMRD R SRU HO IDOOHFLPLHQWR DFFLGHQWHRHQIHUPHGDGJUDYHVKRVSLWDOL]DFLyQRLQWHUYHQFLyQTXLU~UJLFD VLQKRVSLWDOL]DFLyQ TXHSUHFLVHUHSRVRGRPLFLOLDULRGHSDULHQWHKDVWDHO VHJXQGRJUDGRGHFRQVDQJXLQLGDGR DILQLGDG 6HDQH[DHOMXVWLILFDQWHGHODFDXVDTXHJHQHUDHOGHUHFKRDOSHUPLVR FXPSOLHQGR DVtHOUHTXLVLWRIRUPDOH[LJLGROHJDOPHQWH (V SRU HOOR TXH VROLFLWR SHUPLVR SDUD DXVHQWDUPH GH PL SXHVWR GH WUDEDMR GXUDQWH ORV SUy[LPRVGtDVGHOSUHVHQWHPHVORTXHFRPXQLFR DOHIHFWR 6LQRWURSDUWLFXODUVHGHVSLGHDWHQWDPHQWH (QDGHGH 5HFLEt )LUPD\VHOORGHODHPSUHVD )LUPDWUDEDMDGRUD 02'(/26'(62/,&,78' 62/,&,78''(3(50,62325(1)(50('$''()$0,/,$5 1RPEUHGHODHPSUHVD $$5HVSRQVDEOHGH5HFXUVRV+XPDQRV 'LUHFFLyQ /RFDOLGDG\IHFKD (VWLPDGRD6UD 3RUODSUHVHQWHOHFRPXQLFRODQHFHVLGDGGHHMHUFHUPLGHUHFKROHJDOGHGtDVGH SHUPLVRUHWULEXLGRPRWLYDGRSRUHQIHUPHGDGJUDYHGH'' FRPRTXHGDDFUHGLWDGRHQHOFHUWLILFDGRPpGLFRDGMXQWR (V SRU HOOR TXH VROLFLWR SHUPLVR DO DPSDUR GHO DUWtFXOR YLJHQWH (VWDWXWR GH ORV 7UDEDMDGRUHV SDUD DXVHQWDUPH GH PL SXHVWR GH WUDEDMR GXUDQWH ORV SUy[LPRV GtDVGH /RTXHOHFRPXQLFRFRQODVXILFLHQWHDQWHODFLyQDILQGHTXHSUHYHDPLVXVWLWXFLyQHQOD SODQLILFDFLyQGHOWUDEDMRHQODHPSUHVD 6LQPiVUHFLEDXQVDOXGR (OODWUDEDMDGRUD )GR>@ 5HFLEtHO>@GH>@GH>@ /DHPSUHVD )GR>@ 02'(/26'(62/,&,78' 62/,&,78''(3(50,623$5$/$5($/,=$&,Ï1'((;È0(1(635(1$7$/(6 <7e&1,&$6'(35(3$5$&,Ï1'(/3$572 1RPEUHGHODHPSUHVD $$5HVSRQVDEOHGH5HFXUVRV+XPDQRV 'LUHFFLyQ /RFDOLGDG\IHFKD (VWLPDGRD6UD 0HGLDQWHHOSUHVHQWHHVFULWRWHQJRDELHQHOQRWLILFDUOHTXHHQFRQWUiQGRPHHQHVWDGRGH JHVWDFLyQHOHTXLSRPpGLFRTXHORFRQWURODKDHVWDEOHFLGRHOFDOHQGDULRGHGtDV\KRUDVHO FXDODGMXQWRSDUDODUHDOL]DFLyQGHORVFRUUHVSRQGLHQWHVH[iPHQHVSUHQDWDOHV\WpFQLFDV GH SUHSDUDFLyQ DO SDUWR FRUUHVSRQGLpQGRPH GLVIUXWDU GH SHUPLVR GXUDQWH ORV GtDV VHxDODGRVVHJ~QHVWDEOHFHHODUWtFXORGHOYLJHQWH(VWDWXWRGHORV7UDEDMDGRUHV \GHO DUWtFXORGHOD/H\ GH3UHYHQFLyQGH5LHVJRV/DERUDOHV /RTXHOHFRPXQLFRFRQVXILFLHQWHWLHPSRORFXDOOHSHUPLWDWRPDUODVPHGLGDVQHFHVDULDV SDUDFXEULUODVDXVHQFLDVDQWHVVHxDODGDV 6LQPiVUHFLEDXQVDOXGR /DWUDEDMDGRUD )GR>@ 5HFLEtHO>@GH>@GH>@ /DHPSUHVD )GR>@ 02'(/26'(62/,&,78' 62/,&,78''(3(50,62 325/$&7$1&,$ 1RPEUHGHODHPSUHVD $$5HVSRQVDEOHGH5HFXUVRV+XPDQRV 'LUHFFLyQ /RFDOLGDG\IHFKD (VWLPDGRD6UD (Q HMHUFLFLR GHO GHUHFKR TXH PH FRQILHUH HO DUWtFXOR GHO YLJHQWH (VWDWXWR GH ORV 7UDEDMDGRUHVWHQJRDELHQVROLFLWDUSHUPLVRSDUDDXVHQWDUPHGHPLSXHVWRGHWUDEDMRSRU UD]yQGHODFWDQFLDGHPLKLMRUHFLpQQDFLGR (Q WDO VHQWLGR OH FRPXQLFR TXH OD KRUD GH DXVHQFLD DO WUDEDMR VHUi GH DKRUDV KDFLHQGR XWLOL]DFLyQ GH GLFKR SHUPLVR D SDUWLU GHO SUy[LPR GtDGHGH 6LQPiVUHFLEDXQVDOXGR (OODWUDEDMDGRUD )GR>@ 5HFLEtHO>@GH>@GH>@ /DHPSUHVD )GR>@ 02'(/26'(62/,&,78' 62/,&,78''(3(50,62325/$&7$1&,$ FRQDFXPXODFLyQHQMRUQDGDVFRPSOHWDVGHOWLHPSRGHODFWDQFLD 1RPEUHGHODHPSUHVD $$5HVSRQVDEOHGH5HFXUVRV+XPDQRV 'LUHFFLyQ 1RPEUHWUDEDMDGRUD«««««'1,«««'LUHFFLyQ««««««««««««« (Q HMHUFLFLR GHO GHUHFKR TXH PH FRQILHUH HO DUWtFXOR GHO YLJHQWH (VWDWXWR GH ORV 7UDEDMDGRUHVWHQJRDELHQVROLFLWDUSHUPLVRSDUDDXVHQWDUPH GHPLSXHVWRGHWUDEDMRSRU UD]yQGHODFWDQFLDGHPLKLMRUHFLpQQDFLGR (QWDOVHQWLGR62/,&,72DFXPXODUHQMRUQDGDVFRPSOHWDVHVWHWLHPSRGHODFWDQFLD KDFLHQGR XWLOL]DFLyQ GH GLFKR SHUPLVR D SDUWLU GHO SUy[LPR GtDGHGH \ KDVWD HO GtD««GH««««««««««GH«DPERVLQFOXVLYH 6LQPiVUHFLEDXQVDOXGR (QDGHGH (OODWUDEDMDGRUD )GR>@ 5HFLEtHO>@GH>@GH>@ /DHPSUHVD )GR>@ 02'(/26'(62/,&,78' 02'(/2'(62/,&,78''(5('8&&,Ï1'(-251$'$ 325*8$5'$/(*$/'(/+,-2$ 1RPEUHGHODHPSUHVD $$5HVSRQVDEOHGH5HFXUVRV+XPDQRV 'LUHFFLyQ 1RPEUH WUDEDMDGRUD««««« '1,«««'LUHFFLyQ««««««««««««« 0HGLDQWHHOSUHVHQWHHVFULWR\SRUHOGHUHFKRTXHPHDVLVWHUHFRJLGRHQ HODUWtFXORGHO (VWDWXWR GH ORV 7UDEDMDGRUHV \ HO DUWtFXOR «« GHO YLJHQWH &RQYHQLR &ROHFWLYR GHYHQJRDVROLFLWDU 5('8&&,Ï1'( -251$'$SRU FXLGDGRGHKLMDRPHQRU GHGRFH DxRVHQXQSRUFHQWDMHGHO HQWUHXQRFWDYR\ODPLWDGGHODMRUQDGDTXHHQHVWH PRPHQWRSUHDYLVR SDUDTXHHOGtDIHFKDGHPLUHLQFRUSRUDFLyQDODHPSUHVDWUDVOD EDMDPDWHUQDOVHGpHIHFWLYRWUiPLWHDPLVROLFLWXG 4XHYHQJRDILMDUPLKRUDULRGHQWURGHPLMRUQDGDODERUDOHQWUHODV \ODVKRUDV $VtPLVPRFRPXQLFRDODHPSUHVD TXHGHQWURGHHVWHKRUDULRPHVLJXH FRUUHVSRQGLHQGR HOSHUPLVRSRUODFWDQFLD\GHQWURGHOGHUHFKRTXHPH DVLVWHDRSWDUSRUODUHGXFFLyQGH PHGLDKRUDGHPLMRUQDGDRSRUHOGHUHFKR DDXVHQWDUPHGHOWUDEDMRGXUDQWHXQDKRUDRSWR SRU ODUHGXFFLyQGH PHGLDKRUDHQPLMRUQDGDDOLQLFLRILQGHODPLVPD DXVHQWDUPHGHOWUDEDMRGXUDQWHPHGLDKRUD 6LQRWURSDUWLFXODUOHVDOXGDDWHQWDPHQWH (QDGHGH 5HFLEt )LUPD\VHOORGHODHPSUHVD )LUPDWUDEDMDGRUD 02'(/26'(62/,&,78' 02'(/2'(62/,&,78''(75$6/$'2'(&Ï1<8*('(8175$%$-$'25 75$6/$'$'2 1RPEUHGHODHPSUHVD $$5HVSRQVDEOHGH5HFXUVRV+XPDQRV 'LUHFFLyQ 1RPEUHWUDEDMDGRUD«««««««'1,««««««««««'LUHFFLyQ««««« 3RU OD SUHVHQWH SRQJR HQ VX FRQRFLPLHQWR TXH SRU WUDVODGR GH PL FyQ\XJHQRPEUH GHO GH OD FyQ\XJH DO FHQWUR GH WUDEDMR GHORFDOLGDGKHPRVILMDGRQXHVWURGRPLFLOLRFRQ\XJDOHQHVD ORFDOLGDG 4XLHQVXVFULEHWUDEDMDFRPRHQGLFKDHPSUHVD 3RUWDOPRWLYR\DODPSDURGHO DUWtFXOR GHO (VWDWXWR GH ORV 7UDEDMDGRUHV \ HO DUWtFXOR «« GHO YLJHQWH &RQYHQLR &ROHFWLYR GH VROLFLWR XQ SXHVWR GH WUDEDMR LJXDO R VLPLODU DO TXH YHQJR GHVHPSHxDQGRHQHOFHQWUR GHWUDEDMRGHHVWDHQWLGDGHQORFDOLGDG 6LQRWURSDUWLFXODUOHVDOXGDDWHQWDPHQWH (QDGHGH 5HFLEt )LUPD\VHOORGHODHPSUHVD )LUPDWUDEDMDGRUD 02'(/26'( 62/,&,78' 02'(/2'(62/,&,78'(;&('(1&,$325&8,'$'2'(+,-2$ (Q«««««D««GH««««««GH«« 'H XQD SDUWH 'RQ'RxD««««« HQ VX FDOLGDG GHGH OD HPSUHVD «««««««< GH RWUD 'RQ'RxD «««««««««« WUDEDMDGRUD GH OD PHQFLRQDGD HPSUHVD FRQ XQD DQWLJHGDG GH\ RVWHQWDQGR OD FDWHJRUtD SURIHVLRQDOGH 0$1,),(67$1 35,0(524XH'RQ'RxD«««««KDVROLFLWDGRXQDH[FHGHQFLDODERUDOHQODFLWDGD HPSUHVDSDUDDWHQGHUDOFXLGDGRGHVXKLMRDTXHQDFLyHO««««««KDVWDTXHpVWH FXPSODODHGDGGH««««««DxRV 6(*81'24XHODHPSUHVDUHFRQRFHHOPHQFLRQDGRGHUHFKRGHHOODWUDEDMDGRUD\SRU HOOR $&8(5'$1 35,0(524XHODH[FHGHQFLDVHLQLFLDUiHOGtD«««««\ILQDOL]DUiHO««««« 6(*81'24XHXQDYH]WHUPLQDGDODPLVPD\VROLFLWDGRHOUHLQJUHVRHQGHELGDIRUPD HOODH[FHGHQWHWHQGUiGHUHFKRSUHIHUHQWHSDUDRFXSDUVLODKD\RODKXELHUHHQHOIXWXUR XQDYDFDQWHGHLJXDORVLPLODUFDWHJRUtDDODTXHYHQtDRFXSDQGRDQWHULRUPHQWH (VWDQGRGHDFXHUGRFRQORGLFKRDQWHULRUPHQWHILUPDQHOSUHVHQWHGRFXPHQWRHQIHFKD\ OXJDULQGLFDGRV (OODWUDEDMDGRUD )GR>@ /DHPSUHVD )GR>@ 02'(/26'(62/,&,78' 02'(/2'(62/,&,78''(5(,1&25325$&,Ï1$/ 75$%$-2'(638e6'(/$(;&('(1&,$ 1RPEUHGHODHPSUHVD $$5HVSRQVDEOHGH5HFXUVRV+XPDQRV 'LUHFFLyQ 1RPEUH WUDEDMDGRUD««««««««'1,«««««'LUHFFLyQ«««««9HQFLHQGR HO SUy[LPR HO SOD]R GH GtDV GH H[FHGHQFLD GLVIUXWDGR VLUYD OD SUHVHQWH SDUD TXH WHQJDQ SRU VROLFLWDGD PL UHLQFRUSRUDFLyQ DO SXHVWR GH WUDEDMR««««««FRQIHFKD 6LQRWURSDUWLFXODUOHVDOXGDDWHQWDPHQWH (QDGHGH 5HFLEt )LUPD\VHOORGHODHPSUHVD )LUPDWUDEDMDGRUD 02'(/26'(62/,&,78' 02'(/2'(62/,&,78'3(50,62325$'23&,Ï1 1RPEUHGHODHPSUHVD $$5HVSRQVDEOHGH5HFXUVRV+XPDQRV 'LUHFFLyQ 'RxD FRQ Q~PHUR GH '1,« TXHWUDEDMDHQ &2081,&2 DORVHIHFWRVGHSHUFLELUODSUHVWDFLyQTXHPH FRUUHVSRQGDGHOVLVWHPDGHOD 6HJXULGDG 6RFLDO TXH GLVIUXWDUp HO SHUtRGR GH GHVFDQVR ODERUDO GHVGH HO GtD KDVWD HO GtD SRU DGRSFLyQ GH VX KLMRD GH GH HGDG GH FRQIRUPLGDG FRQ OR HVWDEOHFLGR HQ HO DUWtFXOR GHO (VWDWXWRGH ORV7UDEDMDGRUHV DGHGH 5HFLEt )LUPD\VHOORGHODHPSUHVD )LUPDWUDEDMDGRUD $/*81$6&8(67,21(65(68(/7$6 0$7(51,'$' ¢$PSOtDOD/H\GH,JXDOGDGHOSHUPLVRGH0DWHUQLGDG" 3DUDORVFDVRVGHGLVFDSDFLGDGGHODKLMDRRPHQRUDGRSWDGRRDFRJLGRVHDPSOtDHOSHUPLVR GHPDWHUQLGDGHQVHPDQDVPiV (QORVFDVRVGHSDUWRSUHPDWXUR\GHUHFLpQQDFLGRTXHQHFHVLWHQKRVSLWDOL]DFLyQVXSHULRU DVLHWHGtDVDFRQWLQXDFLyQGHOSDUWRH[LVWHODSRVLELOLGDGGHDPSOLDUHOSHUPLVRKDVWD VHPDQDV ¢(QFDVRGHHPEDUD]RSDUDLUDUHYLVLyQPpGLFDWHQJRGHUHFKRDVROLFLWDU SHUPLVRUHWULEXLGR" /D WUDEDMDGRUD SXHGH DFXGLU D ORV H[iPHQHV SUHQDWDOHV SRU HO WLHPSR LQGLVSHQVDEOH FRQVLGHUiQGRVHXQSHUPLVRUHWULEXLGRWHQLHQGRTXHDSRUWDUHOMXVWLILFDQWHPpGLFR ¢&XiQWRVGtDVWHQJRTXHKDEHUFRWL]DGRDOD6HJXULGDG6RFLDOSDUDFREUDUOD SUHVWDFLyQSRUPDWHUQLGDG" 6LWLHQHVPHQRVGHDxRVQRVHH[LJHSHULRGRPtQLPRGHFRWL]DFLyQ 6LWLHQHVHQWUHDxRVFXPSOLGRV\DxRVGHHGDGVHH[LJHQGtDVFRWL]DGRVGHQWURGH ORV~OWLPRVDxRVRGtDVFRWL]DGRVHQWRGDODYLGDODERUDO 6LWLHQHVPiVGHDxRVVHH[LJHQGtDVHQORV~OWLPRVDxRVRGtDVHQWRGDOD YLGDODERUDO (QFDVRGHQRFXPSOLUQLQJXQRGHHVRVUHTXLVLWRVWHQGUiVGHUHFKRDXQDSUHVWDFLyQHVSHFLDO SRUPDWHUQLGDGSRUSDUWRGHXQDGXUDFLyQGHGtDVFX\DFXDQWtDVHUiLJXDODOSRU GHO,35(0YLJHQWHHQFDGDPRPHQWR ¢4XpVXFHGHVLYR\DGDUDOX]\HVWR\FREUDQGRODSUHVWDFLyQSRUGHVHPSOHR" 6HVXVSHQGHODSUHVWDFLyQSRUGHVHPSOHR\VHSDVDDSHUFLELUODFXDQWtDTXHFRUUHVSRQGDD ODGHPDWHUQLGDG &XDQGRVHWHUPLQHODSUHVWDFLyQSRUPDWHUQLGDGVHUHDQXGDODSUHVWDFLyQSRUGHVHPSOHR GXUDQWHHOWLHPSRTXHTXHGDUiSRUSHUFLELU\HQODPLVPDFXDQWtDTXHFRUUHVSRQGtDFXDQGR VHVXVSHQGLy $/*81$6&8(67,21(65(68(/7$6 +HHVWDGRGHEDMDSRUULHVJRGXUDQWHHOHPEDUD]R\GHVSXpVFRQEDMD PDWHUQDO\QRKHSRGLGRGLVIUXWDUGHODVYDFDFLRQHV¢+HSHUGLGRHVWDV YDFDFLRQHV" 1ROD/H\GH,JXDOGDGSUHYpTXHQRKDEUiSpUGLGDGHYDFDFLRQHVFXDQGRFRLQFLGDQFRQOD VXVSHQVLyQSRUPDWHUQLGDGDXQTXHKD\DWHUPLQDGRHODxRQDWXUDOFRUUHVSRQGLHQWH ¢0HSXHGHQGHVSHGLUPLHQWUDVHVWHGLVIUXWDQGRGHOSHUPLVRSRUPDWHUQLGDG" 1RVHUtDXQGHVSLGRQXORSRUYXOQHUDFLyQGHGHUHFKRVIXQGDPHQWDOHVKDEUtDTXHGHPDQGDU DODHPSUHVDHQHOSOD]RGHGtDVVLJXLHQWHVDODQRWLILFDFLyQGHOGHVSLGR /$&7$1&,$ ¢(OSHUPLVRGHODFWDQFLDSXHGHVHUGLVIUXWDGRLQGLVWLQWDPHQWHSRUHOSDGUHROD PDGUH" 6L HV VXILFLHQWH FRQ TXH DPERV SURJHQLWRUHV VHDQ WUDEDMDGRUHV SRU FXHQWD DMHQD R IXQFLRQDULRVS~EOLFRV ¢3XHGRDJUXSDUODVKRUDVGHODFWDQFLDHQGtDV" 3DUD ORV WUDEDMDGRUHV SRU FXHQWD DMHQD VH SRGUiQ DFXPXODU ODV KRUDV GH ODFWDQFLD HQ MRUQDGDVFRPSOHWDVHQODIRUPDHQTXHVHDFXHUGHHQODQHJRFLDFLyQFROHFWLYDRSRU DFXHUGRFRQHOHPSUHVDULR /RVIXQFLRQDULRVTXHVHULMDQSRUOD/H\GHGHDJRVWRSRGUiQVROLFLWDUODVXVWLWXFLyQ GHOWLHPSRGHODFWDQFLDSRUXQSHUPLVRUHWULEXLGRTXHDFXPXOHHQMRUQDGDVFRPSOHWDV 5,(6*2'85$17((/(0%$5$=2 2/$&7$1&,$1$785$/ ¢&XiQWRPHSDJDQHQFDVRGHTXHPHFRQFHGDQHOVXEVLGLRGHULHVJRGXUDQWHHO HPEDUD]RRGXUDQWHODODFWDQFLDQDWXUDO" 6HDERQDUiXQVXEVLGLRHTXLYDOHQWHDOSRUGHODEDVHUHJXODGRUDHTXLYDOHQWHDOD TXHHVWpHVWDEOHFLGDSDUDODSUHVWDFLyQGHLQFDSDFLGDGWHPSRUDOGHULYDGDGHFRQWLQJHQFLDV SURIHVLRQDOHV $/*81$6&8(67,21(65(68(/7$6 (;&('(1&,$6 ¢3XHGRGLVIUXWDUODH[FHGHQFLDGHPDQHUDIUDFFLRQDGD" 6LVHSXHGHGLVIUXWDUGHIRUPDIUDFFLRQDGDODH[FHGHQFLDQRVXSHULRUDWUHVDxRVSRUFXLGDGR GH KLMRD PHQRU \ OD GH GRV DxRV SDUD DWHQGHU D XQ IDPLOLDU KDVWD VHJXQGR JUDGR GH FRQVDQJXLQLGDGRDILQLGDGTXHQRSXHGDYDOHUVHSRUVLPLVPR ¢'XUDQWHFXDQWRWLHPSRWHQJRUHVHUYDGHOSXHVWRGHWUDEDMRHQODH[FHGHQFLD SRUFXLGDGRGHPHQRU" /DUHVHUYDGHOSXHVWRGHWUDEDMRHVGXUDQWHHOSULPHUDxRVHDPSOLDUiDPHVHVVLVH WUDWD GH IDPLOLD QXPHURVD GH FDWHJRUtD JHQHUDO \ D PHVHV VL HV IDPLOLD QXPHURVD GH FDWHJRUtDHVSHFLDO 7UDQVFXUULGRVHVWRVSOD]RVODUHVHUYDTXHGDUiUHIHULGDDXQSXHVWRGHWUDEDMRGHOPLVPR JUXSRSURIHVLRQDORFDWHJRUtDHTXLYDOHQWH 5('8&&,Ï1'(-251$'$ ¢+DVWDTXHHGDGVHSXHGHGLVIUXWDUGHODUHGXFFLyQGHODMRUQDGDSRUFXLGDGR GHXQPHQRU" +DVWDTXHHOPHQRUFXPSODDxRV ¢&XiQWRSXHGRUHGXFLUPLMRUQDGDSRUFXLGDGRGHXQPHQRURSHUVRQDFRQ GLVFDSDFLGDG" 6HSXHGHUHGXFLUODMRUQDGDHQWUHXQRFWDYR\ODPLWDGGHVXGXUDFLyQSRUFXLGDGRGLUHFWR GH XQ PHQRU GH RFKR DxRV R GH XQD SHUVRQD R GH XQD SHUVRQD FRQGLVFDSDFLGDG ItVLFD SVtTXLFDRVHQVRULDOTXHQRGHVHPSHxHXQDDFWLYLGDGUHWULEXLGD ¢3XHGHXQWUDEDMDGRUVROLFLWDUODDGDSWDFLyQGHVXMRUQDGDSDUDFRQFLOLDUVX YLGDODERUDO\IDPLOLDUSRUFLUFXQVWDQFLDVDMHQDVDODPDWHUQLGDG" 6H SRGUi VROLFLWDU HQ ORV WpUPLQRV TXH VH HVWDEOH]FDQ HQ OD QHJRFLDFLyQ FROHFWLYDR HQ HO DFXHUGRDOTXHOOHJXHFRQHOHPSUHVDULR $/*81$6&8(67,21(65(68(/7$6 ¢3XHGRHOHJLUKRUDULRGHWUDEDMRSRUWHQHUXQKLMRDDFDUJRVLQQHFHVLGDGGH UHGXFLUODMRUQDGD" 6HSRGUiHQDTXHOORVWpUPLQRVTXHHOFRQYHQLRFROHFWLYRHVWDEOH]FDRSRUDFXHUGRFRQHO HPSUHVDULR ¢&RPRVHFDOFXODQODVLQGHPQL]DFLRQHVSRUGHVSLGRHQFDVRGHTXHOD WUDEDMDGRUDHVWpGLVIUXWDQGRGHXQDUHGXFFLyQGHMRUQDGDSRUFXLGDGRGH KLMRD" 6HFDOFXODUiHQEDVHDOVDODULRTXHSHUFLELHVHHQODMRUQDGDFRPSOHWD 3$7(51,'$' ¢$SDUWLUGHTXpPRPHQWRSXHGRGLVIUXWDUHOQXHYRSHUPLVRSRUSDWHUQLGDG\ SRUFXDQWRWLHPSR" (OGLVIUXWHSXHGHFRPHQ]DUHQWUHVSHULRGRVGLIHUHQWHV $FRQWLQXDFLyQGHOSDUWR $FRQWLQXDFLyQGHORVGtDVGHSHUPLVRTXHUHFRJHQHO(VWDWXWRGHORV7UDEDMDGRUHV RFRQYHQLRFROHFWLYR ,QPHGLDWDPHQWHGHVSXpVGHODILQDOL]DFLyQGHODVXVSHQVLyQSRUPDWHUQLGDG (OSHUPLVRVHSXHGHGLVIUXWDUDMRUQDGDSDUFLDOGHXQPtQLPRGHOSUHYLRDFXHUGRFRQ ODHPSUHVD (VWH SHUPLVR GH SDWHUQLGDG TXH HQ UHDOLGDG HV XQD VXVSHQVLyQ GHO FRQWUDWR FRQ XQD QDWXUDOH]DMXUtGLFDVLPLODUDODVXVSHQVLyQGHOFRQWUDWRSRUPDWHUQLGDGSXHGHGLVIUXWDUVH SRUGtDVLQLQWHUUXPSLGRVRSRUMRUQDGDVSDUFLDOHVGHELHQGRVHUHQHVWHFDVRDOPHQRV SRUPLWDGGHODMRUQDGDHVGHFLUPHGLDVMRUQDGDVDPSOLDEOHVHQHOVXSXHVWRGHSDUWR DGRSFLyQRDFRJLPLHQWRP~OWLSOHVHQGRVGtDVPiVSRUFDGDKLMRDSDUWLUGHOVHJXQGR6HUiQ GtDVQDWXUDOHVLQFOXLGRVILQHVGHVHPDQD\IHVWLYRV ¢3XHGRDFXPXODUODQXHYDSUHVWDFLyQSRUSDWHUQLGDGDOSHUPLVRGHGRVGtDVTXH \DUHFRQRFtDHO(VWDWXWRGHORV7UDEDMDGRUHVSRUQDFLPLHQWRGHKLMR" 6LHOUHFRQRFLPLHQWRGHXQQXHYRGHUHFKRQRDQXODHODQWHULRU(QHOFDVRGHSDUWRDGRSFLyQ RDFRJLPLHQWRVHDPSOLDUiHQGRVGtDVPiVSRUFDGDKLMRDSDUWLUGHOVHJXQGR 0LFRQYHQLRFROHFWLYRUHFRJHFLQFRGtDVGHSHUPLVRUHWULEXLGRSRUQDFLPLHQWR GHKLMRFRQODQXHYD/H\GH,JXDOGDG¢&XiQWRVGtDVSXHGRGLVIUXWDUHQWRWDO" 6L HO FRQYHQLR FROHFWLYR PHMRUD HO Q~PHUR GH GtDV GH SHUPLVR UHWULEXLGR D RSFLyQ GHO WUDEDMDGRUSRGUtD DFXPXODU HVWRV GtDV DO SHUPLVR SRU SDWHUQLGDG(Q HVWH FDVR VHUtDQ GtDV $/*81$6&8(67,21(65(68(/7$6 ¢(VFRPSDWLEOHHOSHUPLVRSRUSDWHUQLGDGGHWUHFHGtDVFRQHOGHODEDMD PDWHUQDOTXHODPDGUHSXHGHFHGHUDOSDGUH" ([FHSWXDQGR ODV VHLV SULPHUDV VHPDQDV TXH VRQ GH GHVFDQVRREOLJDWRULR SDUD OD PDGUH pVWDGHFLGLUiDOLQLFLRGHOGHVFDQVRVLORGLVIUXWDRORFHGHDOSDGUH$PERVSHUPLVRVVRQ LQGHSHQGLHQWHV\FRPSDWLEOHVHQWUHVt ¢(VQHFHVDULRSDUDHOGLVIUXWHGHOSHUPLVRSDWHUQDOTXHOOHJXHDDFXHUGRFRQPL HPSUHVDSDUDGLVIUXWDUORRVyORGHERLQIRUPDU" /DVXVSHQVLyQGHOFRQWUDWRSRUSDWHUQLGDGHVXQGHUHFKRGHOSDGUHTXHQRHVWDUiVXMHWRDO DFXHUGRSUHYLRFRQODHPSUHVDHVVXILFLHQWHODFRPXQLFDFLyQHQWLHPSR\IRUPD ¢3XHGRFHGHUSDUWHGHPLSHUPLVRSDWHUQDODODPDGUH" 1R HO SHUPLVR SDWHUQDO HV LQWUDQVIHULEOH /D OH\ QR FRQWHPSOD HVWD SRVLELOLGDG QR VHUtD SRVLEOHWDPSRFRQHJRFLDEOHFRQODHPSUHVD&RQVWUXLUtDXQDFRQGXFWDFRQWUDULDDGHUHFKR SXHVWRTXHWUDEDMDGRU\HPSUHVDQRSXHGHQFUHDUQXHYDVREOLJDFLRQHVDOD6HJXULGDG6RFLDO 6LGLVIUXWRGHOSHUPLVRGHSDWHUQLGDG¢3XHGHPLHPSUHVDFRQWUDWDUDRWURWUDEDMDGRUHQPL SXHVWR" /RVWUDEDMDGRUHV TXHGLVIUXWHQ GH OD VXVSHQVLyQGHO FRQWUDWR SRU SDWHUQLGDGSXHGHQ VHU VXVWLWXLGRV D WUDYpV GH XQ FRQWUDWR GH LQWHULQLGDG FX\D GXUDFLyQ GHEH FRLQFLGLU FRQ HO GHVFDQVRGHOSDGUH ¢$SDUWLUGHTXpPRPHQWRFRPLHQ]DDFRPSXWDUHOWLHPSRGHVXVSHQVLyQGHO FRQWUDWRGHWUDEDMRSRUSDWHUQLGDGVLHOUHFLpQQDFLGRHVWiKRVSLWDOL]DGR" (OSHUPLVRFRPHQ]DUiDSDUWLUGHTXHHOKLMRRKLMDWHQJDHODOWDPpGLFD(QHOFDVRGHTXH ORVGtDVGHKRVSLWDOL]DFLyQVHDQVXSHULRUHVDVLHWHGtDVVHDXPHQWDUiHQODPLVPDSURSRUFLyQ ODVMRUQDGDVGHVXVSHQVLyQ ¢&XiQWRPHSDJDQHQFDVRGHGLVIUXWDUHOSHUPLVRSRUSDWHUQLGDG" /DSUHVWDFLyQHFRQyPLFDSRUSDWHUQLGDGDFDUJRGHOD6HJXULGDG6RFLDOVHUiHOSRU GHODEDVHUHJXODGRUDFRUUHVSRQGLHQWH ¢&XiQWRVGtDVGHERGHKDEHUFRWL]DGRDOD6HJXULGDG6RFLDOSDUDFREUDUOD SUHVWDFLyQSRUSDWHUQLGDG" 3DUDWHQHUHVWDSUHVWDFLyQHVQHFHVDULRWHQHUFRWL]DGRVGtDVGHQWURGHORV~OWLPRVVLHWH DxRVLQPHGLDWDPHQWHDQWHULRUHVDODIHFKDGHLQLFLRGHOSHUPLVRRGtDVDORODUJRGHOD YLGDODERUDO $/*81$6&8(67,21(65(68(/7$6 ¢4XpVXFHGHVLHVWR\GLVIUXWDQGRGHOSHUPLVRGHSDWHUQLGDG\VHH[WLQJXHPL FRQWUDWRGHWUDEDMR" 6HFRQWLQ~DSHUFLELHQGRODSUHVWDFLyQSRUSDWHUQLGDGKDVWDODILQDOL]DFLyQ\DFRQWLQXDFLyQ VLVHUH~QHQORVUHTXLVLWRVH[LJLGRVVHSHUFLEHODSUHVWDFLyQSRUGHVHPSOHR ¢4XpVXFHGHVLHVWR\HQVLWXDFLyQGHGHVHPSOHR\VR\SDGUH" 6LVHHVWiHQVLWXDFLyQGHGHVHPSOHRHOWLHPSRGHSHUPLVRSRUSDWHUQLGDGQRVHGHVFXHQWD GHODSUHVWDFLyQSRUGHVHPSOHR ¢&RWL]DDOD6HJXULGDG6RFLDOHOSHUPLVRSRUSDWHUQLGDG" 6LGXUDQWHHOSHUPLVRSRUSDWHUQLGDGVHVHJXLUiFRWL]DQGRDOD6HJXULGDG6RFLDO ¢&yPR\DTXLpQVROLFLWRHOSHUPLVRGHSDWHUQLGDG" (OSHUPLVRSRUSDWHUQLGDGORJHVWLRQDHO,166(OWUDEDMDGRUGHEHGHSUHVHQWDUHQOD2ILFLQD GHOD7HVRUHUtD*HQHUDOGHOD6HJXULGDG6RFLDOXQGRFXPHQWRGHELGDPHQWHFXPSOLPHQWDGR SRUVXHPSUHVDGHQRPLQDGR³&HUWLILFDGRGH(PSUHVDSDUDOD6ROLFLWXGGH3DWHUQLGDG´ /D VROLFLWXG GHEH LU DFRPSDxDGD GH XQ LPSUHVR TXH QRV HQWUHJDUiQ HQ OD 2ILFLQD GH OD 6HJXULGDG 6RFLDO R TXH VH SXHGH GHVFDUJDU HQ VX ZHE ZZZVHJVRFLDOHV HQ HO TXH FRQVWDUiQWRGRVORVGDWRVSHUVRQDOHVGHOWUDEDMDGRU 3RU ~OWLPR VH SUHVHQWD XQ WHUFHU GRFXPHQWR HO PRGHOR TXH VH SXHGH REWHQHU LJXDOPHQWHSRUFXDOTXLHUDGHORVPHGLRVDQWHULRUHVHOFXDOKDFHUHIHUHQFLDDORVGDWRVGHO ,53) GHO WUDEDMDGRU (VWH GRFXPHQWR QR HV REOLJDWRULR SHUR GH QR KDFHUOR VH OH SXHGH UHWHQHUDOWUDEDMDGRUXQWLSRVXSHULRUDOTXHFRUUHVSRQGHUtDSDUDHVRVGtDVORTXHVHUtD UHFXSHUDGRHQODGHFODUDFLyQGHODUHQWDHQFXDOTXLHUFDVR (Q FDVR GH TXH HO WUDEDMDGRU \ HO HPSUHVDULR OOHJDUDQ D XQ DFXHUGR SDUD GLVIUXWDU OD VXVSHQVLyQGHOFRQWUDWRSRUSDWHUQLGDGDWLHPSRSDUFLDOVHUtDQHFHVDULRDGHPiVSUHVHQWDU XQGRFXPHQWRHQHOTXHILJXUHGLFKRDFXHUGR(VWHGRFXPHQWRWDPELpQHVWiGLVSRQLEOHHQ ODV RILFLQDV GH OD 6HJXULGDG 6RFLDO \ OD ZHE EDMR HO QRPEUH GH ³$FXHUGR (PSUHVDULR 7UDEDMDGRUVREUHGLVIUXWHGHO'HVFDQVRSDU3DWHUQLGDGHQ5pJLPHQGH-RUQDGD3DUFLDO´ UNIÓ SINDICAL OBRERA DE LA COMUNITAT VALENCIANA VALENCIA C/ Juan Bautista Vives, 9 Tel.: 96 313 45 89 Fax: 96 370 66 07 46018 Valencia usocv@uso-cv.org FINANCIADO POR: www.usocv.org LUCHAMOS POR TUS DERECHOS