Buscar

Processo Administrativo: Funções e Questões

Faça como milhares de estudantes: teste grátis o Passei Direto

Esse e outros conteúdos desbloqueados

16 milhões de materiais de várias disciplinas

Impressão de materiais

Agora você pode testar o

Passei Direto grátis

Você também pode ser Premium ajudando estudantes

Faça como milhares de estudantes: teste grátis o Passei Direto

Esse e outros conteúdos desbloqueados

16 milhões de materiais de várias disciplinas

Impressão de materiais

Agora você pode testar o

Passei Direto grátis

Você também pode ser Premium ajudando estudantes

Faça como milhares de estudantes: teste grátis o Passei Direto

Esse e outros conteúdos desbloqueados

16 milhões de materiais de várias disciplinas

Impressão de materiais

Agora você pode testar o

Passei Direto grátis

Você também pode ser Premium ajudando estudantes
Você viu 3, do total de 65 páginas

Faça como milhares de estudantes: teste grátis o Passei Direto

Esse e outros conteúdos desbloqueados

16 milhões de materiais de várias disciplinas

Impressão de materiais

Agora você pode testar o

Passei Direto grátis

Você também pode ser Premium ajudando estudantes

Faça como milhares de estudantes: teste grátis o Passei Direto

Esse e outros conteúdos desbloqueados

16 milhões de materiais de várias disciplinas

Impressão de materiais

Agora você pode testar o

Passei Direto grátis

Você também pode ser Premium ajudando estudantes

Faça como milhares de estudantes: teste grátis o Passei Direto

Esse e outros conteúdos desbloqueados

16 milhões de materiais de várias disciplinas

Impressão de materiais

Agora você pode testar o

Passei Direto grátis

Você também pode ser Premium ajudando estudantes
Você viu 6, do total de 65 páginas

Faça como milhares de estudantes: teste grátis o Passei Direto

Esse e outros conteúdos desbloqueados

16 milhões de materiais de várias disciplinas

Impressão de materiais

Agora você pode testar o

Passei Direto grátis

Você também pode ser Premium ajudando estudantes

Faça como milhares de estudantes: teste grátis o Passei Direto

Esse e outros conteúdos desbloqueados

16 milhões de materiais de várias disciplinas

Impressão de materiais

Agora você pode testar o

Passei Direto grátis

Você também pode ser Premium ajudando estudantes

Faça como milhares de estudantes: teste grátis o Passei Direto

Esse e outros conteúdos desbloqueados

16 milhões de materiais de várias disciplinas

Impressão de materiais

Agora você pode testar o

Passei Direto grátis

Você também pode ser Premium ajudando estudantes
Você viu 9, do total de 65 páginas

Faça como milhares de estudantes: teste grátis o Passei Direto

Esse e outros conteúdos desbloqueados

16 milhões de materiais de várias disciplinas

Impressão de materiais

Agora você pode testar o

Passei Direto grátis

Você também pode ser Premium ajudando estudantes

Prévia do material em texto

Aula 01
Administração (tópicos 1 a 5) p/ MPU (Técnico - Especialidade Administração) Com
videoaulas
Professor: Carlos Xavier
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ?�ĚĞ� ? ?�
�
$8/$�����3URFHVVR�DGPLQLVWUDWLYR��)XQo}HV�GD�
DGPLQLVWUDomR��SODQHMDPHQWR��RUJDQL]DomR��
GLUHomR�H�FRQWUROH��
�
�
�
�
^ƵŵĄƌŝŽ�
��� 3DODYUDV�,QLFLDLV�� ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?� ?�
��� 2�3URFHVVR�$GPLQLVWUDWLYR�� ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?� ?�
����� 3ODQHMDPHQWR�� ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?� ?�
����� 2UJDQL]DomR�� ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?� ? ?�
����� 'LUHomR�� ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?� ? ?�
����� &RQWUROH�H�DYDOLDomR�� ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?� ? ?�
��� 4XHVW}HV�FRPHQWDGDV�� ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?� ? ?�
��� /LVWD�GH�4XHVW}HV�� ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?� ? ?�
��� *DEDULWR�� ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?�  
��� %LEOLRJUDILD�3ULQFLSDO�� ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?� ? ?�
�
�
2EVHUYDomR�LPSRUWDQWH���
(VWH�FXUVR�p�SURWHJLGR�SRU�GLUHLWRV�DXWRUDLV��FRS\ULJKW���QRV�WHUPRV�GD�
/HL� ���������� TXH� DOWHUD�� DWXDOL]D� H� FRQVROLGD� D� OHJLVODomR� VREUH�
GLUHLWRV�DXWRUDLV�H�Gi�RXWUDV�SURYLGrQFLDV��
*UXSRV�GH�UDWHLR�H�SLUDWDULD�VmR�FODQGHVWLQRV��YLRODP�D�OHL�H�SUHMXGLFDP�
RV�SURIHVVRUHV�TXH�HODERUDP�RV�FXUVRV��9DORUL]H�R� WUDEDOKR�GH�QRVVD�
HTXLSH�DGTXLULQGR�RV�FXUVRV�KRQHVWDPHQWH�DWUDYpV�GR� VLWH�(VWUDWpJLD�
&RQFXUVRV��
�
�
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ?�ĚĞ� ? ?�
��� 3DODYUDV�,QLFLDLV��
2L���
4XH�ERP�TXH�UHVROYHUDP�VH�MXQWDU�DR�FXUVR��3RGHP�WHU�FHUWH]D�TXH�
HVWmR� QR� FDPLQKR� FHUWR� SDUD� R� VXFHVVR� QR� PXQGR� GRV� FRQFXUVRV�� H� FRQWHP�
FRPLJR�SDUD�FKHJDU�QD�DSURYDomR��
+RMH�HVWXGDUHPRV�R�SURFHVVR�DGPLQLVWUDWLYR�H�VXDV�IXQo}HV���
$R� ILQDO�GD�DXOD��FRPR�YRFrV� Mi�VDEHP�� WURX[H�PXLWDV�TXHVW}HV�GDV�
PDLV�GLVWLQWDV�EDQFDV���
4XDQGR�DFDEDU�D�DXOD��YHMD�HVVH�UHVXPR�HP�YtGHR��
x� 3URFHVVR�DGPLQLVWUDWLYR��
KWWSV���ZZZ�\RXWXEH�FRP�ZDWFK"Y ,�,KJ��.�6��
$EUDoR�H�ERQV�HVWXGRV��
3URI��&DUORV�;DYLHU�
ZZZ�IDFHERRN�FRP�SURIHVVRUFDUORV[DYLHU�
ZZZ�\RXWXEH�FRP�SURIFDUORV[DYLHU�
,QVWDJUDP��#3URIHVVRUFDUORV[DYLHU�
�
�
$VVLQH�PLQKD�OLVWD�GH�PDWHULDO�E{QXV��
KWWS���HHSXUO�FRP�FD4H,Y�
�
�
�
�
�
�
�
�
�
�
�
�
�
�
�
�
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ?�ĚĞ� ? ?�
��� 2�3URFHVVR�$GPLQLVWUDWLYR��
$R�FRQMXQWR�GDV�IXQo}HV�DGPLQLVWUDWLYDV��FRQVLGHUDGDV�FRPR�XP�WRGR�
LQWHJUDGR��Gi�VH�R�QRPH�GH�SURFHVVR�DGPLQLVWUDWLYR��(OH�VHUYH�GH�EDVH�SDUD�
D�OLWHUDWXUD�QHRFOiVVLFD�GD�DGPLQLVWUDomR��TXH�EXVFD�H[SOLFDU�FRPR�DV�IXQo}HV�
DGPLQLVWUDWLYDV�VmR�GHVHQYROYLGDV�SHODV�RUJDQL]Do}HV��
$V�IXQo}HV�GR�SURFHVVR�DGPLQLVWUDWLYR�VmR��
���3ODQHMDPHQWR��
���2UJDQL]DomR��
���'LUHomR��
���&RQWUROH��
(VVDV� TXDWUR� IXQo}HV� RUJDQL]DFLRQDLV� VmR� D� EDVH� GR� HVWXGR� GD�
DGPLQLVWUDomR�SDUD�RV�QHRFOiVVLFRV��H�UHSUHVHQWDP�DV�IXQo}HV�GHVHPSHQKDGDV�
SHORV�DGPLQLVWUDGRUHV�QDV�RUJDQL]Do}HV��
(ODV� IRUPDP� XP� FLFOR� FRQWtQXR� GH� DWLYLGDGHV� TXH� D� IXQomR�
DGPLQLVWUDomR�GHVHQYROYH�QDV�RUJDQL]Do}HV��DWXDQGR�GD�VHJXLQWH�IRUPD��
�
�
�
�
�
�
� �ŝƌĞĕĆŽ�
KƌŐĂŶŝnjĂĕĆŽ��ŽŶƚƌŽůĞ�
WůĂŶĞũĂŵĞŶƚŽ�
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ?�ĚĞ� ? ?�
&KLDYHQDWR� ������� FRQVLGHUD� DLQGD� TXH� HVVDV� TXDWUR� IXQo}HV� HVWmR�
LQWHU�UHODFLRQDGDV��FRQVWLWXLQGR�DOJR�PDLRU�GR�TXH�R�FLFOR�DGPLQLVWUDWLYR��3DUD�
HOH��WRGDV�DV�IXQo}HV�VH�UHODFLRQDP�XPD�FRP�DV�RXWUDV��(VWD�p�XPD�YLVmR�PDLV�
SUiWLFD� GD� UHDOLGDGH� GDV�RUJDQL]Do}HV� ID]HQGR� FRP�TXH� SRVVDPRV�SHQVDU� GD�
VHJXLQWH�IRUPD�TXDQWR�DR�UHODFLRQDPHQWR�GDV�IXQo}HV�DGPLQLVWUDWLYDV�HQWUH�VL��
�
�
�
�
�
�
��0DV�R�TXH�VmR�FDGD�XPD�GHVVDV�IXQo}HV�RUJDQL]DFLRQDLV"�
��5���$V�TXDWUR�IXQo}HV�DGPLQLVWUDWLYDV�VmR�DV�VHJXLQWHV��
x� 3ODQHMDPHQWR�� p� D� IXQomR� DWUDYpV� GD� TXDO� DV� DWLYLGDGHV� D�
VHUHP� UHDOL]DGDV� VmR� GHVHQKDGDV� H� RV� UHVXOWDGRV� D� VHUHP�
REWLGRV�VmR�IL[DGRV��
x� 2UJDQL]DomR�� WUDWD�VH� GD� IXQomR� GH� HVWUXWXUDU� RV� UHFXUVRV�
GLVSRQtYHLV� SDUD� TXH� WXGR� DTXLOR� TXH� IRL� SODQHMDGR� SRVVD� VHU�
H[HFXWDGR��
x� 'LUHomR��p�D�IXQomR�GH�FRQGX]LU�D�H[HFXomR�GRV�WUDEDOKRV�TXH�
IRUDP�SODQHMDGRV��SDUD�TXH�RV�REMHWLYRV�GD�RUJDQL]DomR�SRVVDP�
VHU�DWLQJLGRV��
x� &RQWUROH�� WUDWD�VH� GD� IXQomR� DGPLQLVWUDWLYD� QD� TXDO� RV�
UHVXOWDGRV�REWLGRV�SHOD�RUJDQL]DomR�GLUHomR�VmR�DQDOLVDGRV�HP�
IXQomR�GDTXLOR�TXH�KDYLD�VLGR�SODQHMDGR��
�ŝƌĞĕĆŽ�
KƌŐĂŶŝnjĂĕĆŽ��ŽŶƚƌŽůĞ�
WůĂŶĞũĂŵĞŶƚŽ�
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ?�ĚĞ� ? ?�
9DPRV� HVWXGDU� FRP� XP� SRXFR� PDLV� GH� GHWDOKHV� VREUH� FDGD� XPD�
GHVVDV�IXQo}HV�DGPLQLVWUDWLYDV��
�
�����3ODQHMDPHQWR��
3ODQHMDPHQWR� SRGH� VHU� GHILQLGR� FRPR� XP� SURFHVVR�
GHVHQYROYLGR�SDUD�R�DOFDQFH�GH�XPD�VLWXDomR�IXWXUD�GHVHMDGD��GH�XP�
PRGR�PDLV� HILFLHQWH�� HILFD]�H� HIHWLYR�� FRP�D�PHOKRU� FRQFHQWUDomR�GH�
HVIRUoRV�H�UHFXUVRV�SHOD�HPSUHVD�RX�RUJDQL]DomR��
�
3RGHPRV� SHQVDU� R� SODQHMDPHQWR� FRPR� R� SURFHVVR� TXH� ID]� R�
SODQR�SDUD�TXH�VH�SRVVD�VDLU�GD�VLWXDomR�DWXDO�SDUD�D�VLWXDomR�IXWXUD�
GHVHMDGD��
�
'HVWH�PRGR��R�SODQHMDPHQWR�p�D�IXQomR�TXH�SHUPLWH��
x� ,QWHUIHULU� QR� SUySULR� IXWXUR�� GHWHUPLQDQGR� R� FDPLQKR� D� VHU�
VHJXLGR��
x� 3UHYHU��DUWLFXODU�H�WRPDU�GHFLV}HV��DORFDU��RV�UHFXUVRV�D�VHUHP�
XWLOL]DGRV�SDUD�DWLQJLU�RV�REMHWLYRV��H�
x� 'HWHUPLQDU� D� PHOKRU� IRUPD� GH�� FRRUGHQDQGR� VXDV� IRUoDV� H�
IUDTXH]DV�� HQIUHQWDU� DV� VLWXDo}HV� IXWXUDV� TXH� SRVVDP� VHU�
SUHYLVWDV��
�
1HVWH� VHQWLGR�� SUHFLVDPRV� ID]HU� XP� HVIRUoR� SDUD� QmR� FRQIXQGLU�
SODQHMDPHQWR�FRP��
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ?�ĚĞ� ? ?�
x� 3UHYLVmR��SRLV�HVWDV�VmR�R�UHVXOWDGR�GH�HVIRUoRV�SDUD�YHULILFDU�
TXDLV�RV�HYHQWRV�TXH�SRGHUmR�RFRUUHU��FRP�EDVH�QR�UHJLVWUR�GH�
XPD�VpULH�GH�SUREDELOLGDGHV��$QWLJDPHQWH�DFUHGLWDYD�VH�TXH�R�
SODQHMDPHQWR� SRGHULD� VHU� XPD� VLPSOHV� SUHYLVmR�� PDV� R� IRFR�
DWXDO�GR�SODQHMDPHQWR�HVWi�PXLWR�PDLV�QDV�SRWHQFLDOLGDGHV�TXH�
D� RUJDQL]DomR� SRGH� GHVHQYROYHU� HP� UHODomR� DR� VHX� DPELHQWH��
GH�PRGR�D�WHU�VXFHVVR��
x� 3URMHomR��TXH�FRUUHVSRQGHP�j�VLWXDomR�HP�TXH�R�IXWXUR�WHQGH�
D�VHU�LJXDO�DR�SDVVDGR�HP�VXD�HVWUXWXUD�EiVLFD��
x� 3UHGLomR�� p� D� VLWXDomR� IXWXUD� TXH� WHQGH� D� VHU� GLIHUHQWH� GR�
SDVVDGR��PDV�VREUH�D�TXDO�QmR�VH�SRGH�H[HUFHU�FRQWUROH�DOJXP��
x� 5HVROXomR� GH� SUREOHPDV�� FRUUHVSRQGH� D� DVSHFWRV� LPHGLDWRV�
TXH� SURFXUDP� WmR� VRPHQWH� D� FRUUHomR� GH� FHUWDV�
GHVFRQWLQXLGDGHV� H� GHVDMXVWHV� HQWUH� D� HPSUHVD� H� DV� IRUoDV�
H[WHUQDV�TXH�OKH�VHMDP�SRWHQFLDOPHQWH�UHOHYDQWHV��
x� 3ODQR�� p� R� GRFXPHQWR� IRUPDO� TXH� FRQVROLGD� DV� LQIRUPDo}HV�
GHVHQYROYLGDV�GR�SURFHVVR�GH�SODQHMDPHQWR��VHQGR�R� OLPLWH�GD�
IRUPDOL]DomR�GR�SODQHMDPHQWR��XPD�YLVmR�HVWiWLFD��XPD�GHFLVmR�
VREUH� RV� FDPLQKRV� D� WRPDU� REVHUYDQGR�VH� D� UHODomR�
FXVWRV�EHQHItFLRV��
�
2�SODQHMDPHQWR�SRVVXL�RV�VHJXLQWHV�SULQFtSLRV�JHUDLV��
D��3ULQFtSLR� GD� FRQWULEXLomR� DRV� REMHWLYRV�� R� SODQHMDPHQWR�
GHYH� VHPSUH� YLVDU� DR� REMHWLYR� Pi[LPR� GD� RUJDQL]DomR��
KLHUDUTXL]DQGR� RV� REMHWLYRV� H� EXVFDQGR� FXPSUL�ORV� HP� VXD�
WRWDOLGDGH��
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ?�ĚĞ� ? ?�
E��3ULQFtSLR�GD�SUHFHGrQFLD�GR�SODQHMDPHQWR��HOH�VHPSUH�YHP�
DQWHV�GDV�RXWUDV�IXQo}HV�DGPLQLVWUDWLYDV��
F�� 3ULQFtSLR� GD� PDLRU� LQIOXrQFLD� �RX� SHQHWUDomR�� H�
DEUDQJrQFLD��R�SODQHMDPHQWR�p�D�PDLV�DEUDQJHQWH�GDV�IXQo}HV�
RUJDQL]DFLRQDLV�� H� SRU� LVVR� HOH� SRGH� SURYRFDU� XPD� VpULH� GH�
PRGLILFDo}HV�QD�RUJDQL]DomR��
G��3ULQFtSLR�GDV�PDLRUHV�HILFLrQFLD��HILFiFLD�H�HIHWLYLGDGH��R�
SODQHMDPHQWR� SURFXUD� PD[LPL]DU� RV� UHVXOWDGRV� H� PLQLPL]DU� DV�
GLILFXOGDGHV�� RX� GHILFLrQFLDV�� 5HOHPEUDQGR�� HILFiFLD� VLJQLILFD�
HQWUHJDU�RV�SURGXWRV�VHUYLoRV�SUHWHQGLGRV��HILFLrQFLD�p�D�UHODomR�
HQWUH�RV�LQVXPRV�XWLOL]DGRV�H�RV�SURGXWRV�VHUYLoRV�SURGX]LGRV��H�
HIHWLYLGDGH� UHSUHVHQWD� D� PHGLGD� QD� TXDO� D� RUJDQL]DomR� JHUD�
YDORU� DJUHJDGR� H� LPSDFWRV� QD� VRFLHGDGH� SRU� PHLR� GH� VHXV�
SURGXWRV�H�VHUYLoRV��
�
3DUD� $FNRII�� H[LVWHP� DLQGD� RV� SULQFtSLRV� HVSHFtILFRV� GR�
SODQHMDPHQWR��
H��3ODQHMDPHQWR�SDUWLFLSDWLYR��R�VHX�SULQFLSDO�UHVXOWDGR�QmR�p�R�
SODQR� ILQDO�� PDV� R� SURFHVVR� GHVHQYROYLGR� DWUDYpV� GD�
SDUWLFLSDomR�GRV�HQYROYLGRV��
I�� 3ODQHMDPHQWR� FRRUGHQDGR�� WRGRV� RV� DVSHFWRV� HQYROYLGRV� QR�
SODQHMDPHQWR�GHYHP�DWXDU�GH�PDQHLUD�LQWHUGHSHQGHQWH��
J��3ODQHMDPHQWR� LQWHJUDGR�� RV� SODQHMDPHQWRV� GRV� YiULRV�
HVFDO}HV� GDV� RUJDQL]Do}HV� GHYHP� VHU� LQWHJUDGRV�� QRV� QtYHLV�
HVWUDWpJLFR��WiWLFR�H�RSHUDFLRQDO��
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ?�ĚĞ� ? ?�
K��3ODQHMDPHQWR� SHUPDQHQWH�� FRPR� R� DPELHQWH� p� PXWiYHO�� p�
QHFHVViULR�TXH�R�SODQHMDPHQWR�WDPEpP�VHMD�SHUPDQHQWHPHQWH�
UHDOL]DGR��
�
3DUD�%HQRPH���������RV�SULQFtSLRV�GR�SODQHMDPHQWR�VHULDP�RXWURV��
L�� ,QHUrQFLD�� R� SODQHMDPHQWR� p� XPD� IXQomR� LQGLVSHQViYHO� j�
RUJDQL]DomR��VHQGR�SDUWH�LQWHJUDQWH�GH�WRGRV�RV�VHWRUHV�GH�XPD�
RUJDQL]DomR�� HVWHMDP� RX� QmR� OLJDGRV� j� iUHD� SULQFLSDO� GR�
QHJyFLR��
M�� 8QLYHUVDOLGDGH��R�SODQHMDPHQWR�EXVFD�DQWHFLSDU�DV�YDULiYHLV�H�
FRQVHTXrQFLDV� TXH� LQIOXHQFLDUmR� D� RUJDQL]DomR� VRE� WRGRV� RV�
SRQWRV� GH� YLVWD� H� OHYDQGR� HP� FRQWD� GLIHUHQWHV� RSLQL}HV� SDUD�
HYLWDU� XPD� YLVmR� XQLODWHUDO�� 6mR� DV� FRQVLGHUDo}HV� DFHUFD� GRV�
FHQiULRV� H� VHXV� LPSUHYLVWRV�� TXH� GHYHP� VHU� DR� PHQRV�
FDOFXODGRV��
N��8QLGDGH��DSHVDU�GH�WHU�P~OWLSODV�IDFHWDV��R�SODQHMDPHQWR�GHYH�
VHU� LQWHJUDGR�HP�XP�FRQMXQWR�FRHUHQWH�FRP�EDVH�HP�FULWpULRV�
TXH�FRQWHPSOHP�PDLV�GH�XPD�iUHD�DR�PHVPR�WHPSR��
O�� 3UHYLVmR�� GHYH�VH� HVWDEHOHFHU� SUD]RV� H� FURQRJUDPDV� FODURV�
SDUD� D� H[HFXomR� GDV� WDUHIDV�� LQFOXVLYH� FRQVLGHUDQGR� FRUUHo}HV�
GH�UXPR��
P�� )OH[LELOLGDGH�� R� SODQHMDPHQWR� GHYH� VHU� DGDSWiYHO� jV�
GLIHUHQWHV�VLWXDo}HV��SRLV�DVVLP�ILFD�PDLV� IiFLO� ID]HU�RV�DMXVWHV�
GH�WUDMHWyULD�QHFHVViULRV�SDUD�R�VXFHVVR��
�
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ?�ĚĞ� ? ?�
2�TXH�HX�GLJR�VREUH� WXGR� LVVR"�7HP�TXH� WHU� WRGRV�HP�PHQWH��$OpP�
GLVVR�� VDLED� TXH� DVSHFWRV� PDLV� JHUDLV� FRPR� D� IOH[LELOLGDGH�� WtSLFD� GR�
SODQHMDPHQWR��WDPEpP�SRGHP�VHU�FRQVLGHUDGDV�FRPR�SULQFtSLRV����
�
6mR� TXDWUR� DV� GLPHQV}HV� QHFHVViULDV� j� UHDOL]DomR� GR� SODQHMDPHQWR�
�%DSWLVWD��������DSXG�7HL[HLUD��6RX]D���������
x� 5DFLRQDO�� WUDWD�VH� GD� UDFLRQDOLGDGH�� FULDWLYLGDGH� H� UHIOH[mR�
QHFHVViULDV�SDUD�VXD�UHDOL]DomR��
x� 3ROtWLFD�� WUDWD�VH� GR� SRGHU� GH� GHFLVmR� HQYROYLGR� HP� XP�
SODQHMDPHQWR��
x� 7pFQLFR�DGPLQLVWUDWLYD�� WUDWD�VH� GR� VLVWHPD� GH� WUDEDOKR�
HVWUXWXUDGR�DWUDYpV�GR�SODQHMDPHQWR��UHVSRQGHQGR�D�SHUJXQWDV�
FRPR�R�TXr"�TXDQWR"�TXHP"�TXDQGR"�
x� 9DORUDWLYD��WUDWD�VH�GD�DYDOLDomR�GH�YDORU�VREUH�RV�EHQHItFLRV�H�
SUHMXt]RV�TXH�DTXLOR�TXH�HVWi�VHQGR�SODQHMDGR�SRGH�WUD]HU��
�
7HQGR� WXGR� LVVR� HP� PHQWH�� p� SRVVtYHO� FRPHoDUPRV� D� GHVGREUDU� R�
SODQHMDPHQWR�HP�WUrV�WLSRV�FRPXPHQWH�FREUDGRV�HP�FRQFXUVRV��HVWUDWpJLFR��
WiWLFR�H�RSHUDFLRQDO��$WHQomR��R�HVWUDWpJLFR�VH�GHVGREUD�HP�WiWLFR�H�HVWH�VH�
GHVGREUD�QR�RSHUDFLRQDO��
�
'H�IRUPD�JHUDO��p�SRVVtYHO�DILUPDU�TXH��
���3ODQHMDPHQWR�HVWUDWpJLFR��p�HODERUDGR�SHOR�QtYHO�LQVWLWXFLRQDO�
GD� RUJDQL]DomR� �SUHVLGrQFLD�GLUHWRUHV��� HQJOREDQGR� D�
RUJDQL]DomR� FRPR� XP� WRGR� H� VXD� LQWHUDomR� FRP� R� DPELHQWH��
56506759100
56506759100 - sandra luizafonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
$TXL� Ki� XPD� SUHRFXSDomR� FRP� RV� REMHWLYRV� GH� ORQJR� SUD]R� H�
FRP�DV�HVWUDWpJLDV�H�Do}HV�TXH�VHUmR�QHFHVViULDV�SDUD�DOFDQoi�
ORV�� (OH� SURSRUFLRQD� VXVWHQWDomR� PHUFDGROyJLFD� SDUD� TXH� D�
PHOKRU� GLUHomR� D� VHU� VHJXLGD� VHMD� GHFLGLGD�� LQWHJUDQGR� RV�
IDWRUHV� H[WHUQRV� ±� QmR� FRQWUROiYHLV� ±� FRP� RV� LQWHUQRV� ±�
FRQWUROiYHLV�� e� UHDOL]DGR� GH� FLPD� SDUD� EDL[R� QD� HVWUXWXUD�
RUJDQL]DFLRQDO�� 3DUD� DFRPSDQKDU� VHX� IXQFLRQDPHQWR� H[LVWH� R�
FRQWUROH� HVWUDWpJLFR�� TXH� VH� UHODFLRQD� D� HOHPHQWRV� GD�
RUJDQL]DomR� FRPR�XP� WRGR�� QR� ORQJR� SUD]R�� H� FRQVLGHUDQGR� R�
DPELHQWH� H[WHUQR�� (P� UHVXPR�� HOH� p� SURMHWDGR� SDUD� R� ORQJR�
SUD]R�� HQYROYH� D� RUJDQL]DomR� FRPR� XP� WRGR�� p� GHILQLGR� SHOD�
F~SXOD�RUJDQL]DFLRQDO��p�YROWDGR�SDUD�D�HILFiFLD�H�HIHWLYLGDGH��p�
YROWDGR�SDUD�DV�UHODo}HV�FRP�RV�FOLHQWHV��
���3ODQHMDPHQWR�WiWLFR��p�UHDOL]DGR�SHOD�JHUrQFLD�LQWHUPHGLiULD�H�
FRQVLVWH� HP� XP� GHVGREUDPHQWR� GR� SODQHMDPHQWR� HVWUDWpJLFR�
DSOLFDGR�D�FDGD�GHSDUWDPHQWR�HVSHFtILFR�GD�RUJDQL]DomR��VHQGR�
FRQGX]LGR� SHOD� JHUrQFLD� LQWHUPHGLiULD�� &RQVLVWH� QD� UHVSRVWD� j�
SHUJXQWD�� TXDLV� DV� Do}HV� TXH� R� GHSDUWDPHQWR�iUHD� GHYH� WHU�
SDUD�FRQWULEXLU��QR�VHX�kPELWR��j�FRQFUHWL]DomR�GDTXLOR�TXH�IRL�
SUHYLVWR� QR� SODQHMDPHQWR� HVWUDWpJLFR"� 3DUD� DFRPSDQKDU� VHX�
IXQFLRQDPHQWR� H[LVWH� R� FRQWUROH� WiWLFR�� TXH� VH� UHODFLRQD� D�
HOHPHQWRV�GH�FDGD�GHSDUWDPHQWR��(P�UHVXPR��p�YROWDGR�SDUD�R�
PpGLR� SUD]R�� HQYROYH� FDGD� GHSDUWDPHQWR� GH� PDQHLUD�
HVSHFtILFD��p�FRQGX]LGR�SHOR�QtYHO�LQWHUPHGLiULR��p�YROWDGR�SDUD�
D�LQWHJUDomR�GH�DWLYLGDGHV�GH�FDGD�iUHD��
���3ODQHMDPHQWR� RSHUDFLRQDO�� p� FRQGX]LGR� SHORV� QtYHLV� PDLV�
EDL[RV�GD�JHUrQFLD�VXSHUYLVmR�RSHUDFLRQDO��EXVFDQGR�IRUPDOL]DU�
DV�PHWRGRORJLDV�D�VHUHP�DSOLFDGDV�QR�GLD�D�GLD�GRV�IXQFLRQiULRV�
H� FRPR� VHUi� D� RSHUDFLRQDOL]DomR� GRV� WUDEDOKRV� FRUULTXHLURV��
&RP� LVVR�� FRQWULEXL� SDUD� R� VXFHVVR� GR� SODQHMDPHQWR� WiWLFR� H��
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
FRPR�FRQVHTXrQFLD��SDUD�R�GR�SODQHMDPHQWR�HVWUDWpJLFR��1HVWH�
QtYHO� H[LVWH� R� FRQWUROH� RSHUDFLRQDO�� TXH� YHULILFD� VH� RV�
SURFHGLPHQWRV� SUHYLVWRV� IRUDP� LPSOHPHQWDGRV� FRUUHWDPHQWH��
(P�UHVXPR��p�YROWDGR�SDUD�R�FXUWR�SUD]R��HQYROYH�FDGD�WDUHID�
RX�DWLYLGDGH�LVRODGDPHQWH��p�YROWDGR�SDUD�D�HILFLrQFLD��
�
3HUFHED�TXH�RV� WUrV�QtYHLV�GH�SODQHMDPHQWR� HVWmR� LQWHJUDGRV�
HQWUH� VL�� VHQGR� FDGD� XP� DSURSULDGR� D� XP� QtYHO� GH� GHFLVmR� GD�
RUJDQL]DomR��
3DUD� TXH� QmR� UHVWH� G~YLGDV� QD� KRUD� GD� SURYD�� YDPRV� YHU� PDLV�
GHWDOKHV�VREUH�FDGD�XP�GRV�QtYHLV�GR�SODQHMDPHQWR��
3DUD�&KLDYHQDWR���������R�SODQHMDPHQWR�HVWUDWpJLFR�LQWHUDJH�FRP�
WUrV�SDUkPHWURV��D�YLVmR�GH� IXWXUR��R�DPELHQWH�H[WHUQR�H�RV� IDWRUHV� LQWHUQRV�
GD�RUJDQL]DomR��$OpP�GLVVR�� HOH� DSUHVHQWD� FLQFR� FDUDFWHUtVWLFDV� IXQGDPHQWDLV�
GR�SODQHMDPHQWR�HVWUDWpJLFR��
��� (OH� HVWi� UHODFLRQDGR� FRP� D� DGDSWDomR� GD� RUJDQL]DomR� D� XP�
DPELHQWH�PXWiYHO��
��� e�RULHQWDGR�SDUD�R�IXWXUR��HP�XP�KRUL]RQWH�GH�ORQJR�SUD]R��
��� (OH� p� FRPSUHHQVLYR�� RX� VHMD�� DERUGD� D� RUJDQL]DomR� FRPR� XP�
WRGR��GH�IRUPD�JOREDO�H�VLVWrPLFD��
���2� SODQHMDPHQWR� HVWUDWpJLFR� p� XP� SURFHVVR� GH� FRQVWUXomR� GH�
FRQVHQVR�� GDGD� D� GLYHUVLGDGH� GRV� LQWHUHVVHV� GH� WRGRV� RV�
HQYROYLGRV��
��� (OH�p�XPD�IRUPD�GH�DSUHQGL]DJHP�RUJDQL]DFLRQDO��TXH�DSUHQGH�
DWUDYpV� GD� DGDSWDomR� DR� FRQWH[WR� DPELHQWDO� FRPSOH[R��
FRPSHWLWLYR�H�PXWiYHO��
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
�
6REUH� R� SODQHMDPHQWR� WiWLFR�� &KLDYHQDWR� ������� GHVWDFD� TXH� DV�
SROtWLFDV��LQYHVWLPHQWRV��REWHQomR�GH�UHFXUVRV��HWF���HVWmR�UHODFLRQDGRV�FRP�RV�
SODQRV�WiWLFRV��$OpP�GLVVR��R�DXWRU�DILUPD�TXH�RV�SODQRV�WiWLFRV�JHUDOPHQWH�
HQYROYHP��
��� 3ODQRV� GH� SURGXomR�� (QYROYHQGR� PpWRGRV� H� WHFQRORJLDV�
QHFHVViULDV�SDUD�DV�SHVVRDV�HP�VHX�WUDEDOKR��DUUDQMR�ItVLFR�GR�
WUDEDOKR� H� HTXLSDPHQWRV� FRPR� VXSRUWHV� SDUD� DV� DWLYLGDGHV� H�
WDUHIDV��
��� 3ODQRV� ILQDQFHLURV�� (QYROYHQGR� FDSWDomR� H� DSOLFDomR� GR�
GLQKHLUR� QHFHVViULR� SDUD� VXSRUWDU� DV� YiULDV� RSHUDo}HV� GD�
RUJDQL]DomR��
��� 3ODQRV� GH� PDUNHWLQJ�� (QYROYHQGR� RV� UHTXLVLWRV� GH� YHQGHU� H�
GLVWULEXLU�EHQV�H�VHUYLoRV�QR�PHUFDGR�H�DWHQGHU�DR�FOLHQWH��
��� 3ODQRV� GH� UHFXUVRV� KXPDQRV�� (QYROYHQGR� UHFUXWDPHQWR��
VHOHomR�H�WUHLQDPHQWR�GDV�SHVVRDV�QDV�YiULDV�DWLYLGDGHV�GHQWUR�
GD�RUJDQL]DomR��5HFHQWHPHQWH��DV�RUJDQL]Do}HV�HVWmR� WDPEpP�
VH� SUHRFXSDQGR� FRP� D� DTXLVLomR� GH� FRPSHWrQFLDV� HVVHQFLDLV�
SDUD�R�QHJyFLR�DWUDYpV�GD�JHVWmR�GR�FRQKHFLPHQWR�FRUSRUDWLYR��
�
-i� VREUH� R� SODQHMDPHQWR� RSHUDFLRQDO��&KLDYHQDWR� ������� DILUPD�
TXH�� DSHVDU� GRV� SODQRV� RSHUDFLRQDLV� VHUHP�PXLWR� GLYHUVLILFDGRV�� HOHV� SRGHP�
VHU�FODVVLILFDGRV�HP��
��� 3URFHGLPHQWRV��6mR�RV�SODQRV�RSHUDFLRQDLV� UHODFLRQDGRV� FRP�
PpWRGRV��FRPR�RV�IOX[RJUDPDV�H�OLVWDV�GH�YHULILFDomR��
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
���2UoDPHQWRV�� 6mR� RV� SODQRV� RSHUDFLRQDLV� UHODFLRQDGRV� FRP�
GLQKHLUR��
��� 3URJUDPDV� �RX� SURJUDPDo}HV��� 6mR� RV� SODQRV� RSHUDFLRQDLV�
UHODFLRQDGRV� FRP� WHPSR�� ,QFOXL� R� FURQRJUDPD�� R� JUiILFR� GH�
*DQWW��R�3(57��HQWUH�RXWURV��
���5HJXODPHQWRV�� 6mR� RV� SODQRV� RSHUDFLRQDLV� UHODFLRQDGRV� FRP�
FRPSRUWDPHQWRV�GDV�SHVVRDV��
�
�����2UJDQL]DomR��
$� IXQomR� ³RUJDQL]DomR´� p� DTXHOD� TXH� EXVFD� RUJDQL]DU�� HVWUXWXUDU� H�
LQWHJUDU�RV�UHFXUVRV�GLVSRQtYHLV�SDUD�TXH�DV�Do}HV�D�VHUHP�UHDOL]DGDV�SRVVDP�
DWLQJLU�R�VXFHVVR��
9RFr� GHYH� WHU� DWHQomR� SDUD� QmR� FRQIXQGLU� HVVD� IXQomR�
DGPLQLVWUDWLYD� FRP� D� SDODYUD� TXH� UHSUHVHQWD� R� FHQWUR� GH� HVWXGRV� GD�
DGPLQLVWUDomR�� DV� RUJDQL]Do}HV��(VWDV�~OWLPDV� VmR� R� UHVXOWDGR�GD�DUWLFXODomR�
GH�JUXSRV�GH�SHVVRDV�TXH�LQWHUDJHP�HQWUH�VL�SDUD�JHUDU�REMHWLYRV�HVSHFtILFRV��
1HVWH� VHQWLGR�� R� yUJmR� S~EOLFR� RQGH� YRFr� YDL� WUDEDOKDU� p� XP� H[HPSOR� GH�
RUJDQL]DomR��
$�IXQomR�³RUJDQL]DomR´��SRU�VXD�YH]��HVWi�UHODFLRQDGD�DR�GHVHQKR�GD�
HVWUXWXUD�RUJDQL]DFLRQDO��HVWUDWpJLFD���GD�HVWUXWXUD�GH�yUJmRV��FDUJRV��URWLQDV�
H� SURFHGLPHQWRV� GH� FDGD� GHSDUWDPHQWR� �WiWLFD��� H� GHILQLomR� GH� PpWRGRV� H�
SURFHVVRV�GH�WUDEDOKR�H�GH�RSHUDomR��RSHUDFLRQDO���7UDWD��HVSHFLILFDPHQWH��GD�
REWHQomR�H�DSOLFDomR�GRV�PHLRV�SDUD�TXH�VH�SRVVD�SRU�HP�SUiWLFD�DV�RXWUDV�
IXQo}HV�DGPLQLVWUDWLYDV��R�SODQHMDPHQWR��D�GLUHomR�H�R�FRQWUROH��
&KLDYHQDWR� ������� FKDPD� D� DWHQomR� SDUD� R� IDWR� GH� TXH� D� IXQomR�
RUJDQL]DU�DEUDQJH�QHFHVVDULDPHQWH�TXDWUR�FRPSRQHQWHV��
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
��� 7DUHIDV�� R� WUDEDOKR� UHDOL]DGR� HP� XPD� HPSUHVD�
QRUPDOPHQWH�IUDJPHQWDGR�SRU�XP�SURFHVVR�GH�GLYLVmR�
GH�WUDEDOKR�TXH�SURYRFD�D�HVSHFLDOL]DomR�GH�DWLYLGDGHV�H� GH� IXQo}HV�� $V� IXQo}HV� RUJDQL]DFLRQDLV� VmR�
VXEGLYLGLGDV�HP�WDUHIDV��
��� 3HVVRDV�� FDGD� SHVVRD� p� GHVLJQDGD� SDUD� RFXSDU� XP�
FDUJR�� TXH�p� XPD�SDUWH� HVSHFtILFD� GR� WUDEDOKR� JOREDO��
(VVD�GHVLJQDomR�GHYH�FRQVLGHUDU�KDELOLGDGHV��DSWLG}HV��
LQWHUHVVHV�� H[SHULrQFLD� H� FRPSRUWDPHQWR� GH� FDGD�
SHVVRD�� &DGD� SHVVRD� p� RFXSDQWH� GH� XP� FDUJR� QD�
RUJDQL]DomR�IRUPDO��
���ÏUJmRV�� DV� WDUHIDV� H� DV� SHVVRDV� VmR� DJUXSDGDV� HP�
yUJmRV��FRPR�GLYLV}HV��GHSDUWDPHQWRV�RX�XQLGDGHV�GD�
RUJDQL]DomR��¬�PHGLGD�TXH�HQYROYDP�FDUDFWHUtVWLFDV�RX�
REMHWLYRV� VLPLODUHV�� RV� yUJmRV�SDVVDP�D� VHU� GLVSRVWRV�
HP� QtYHLV� KLHUiUTXLFRV� H� HP� iUHDV� GH� DWLYLGDGHV�� (P�
IXQomR� GD� OLJDomR� GLUHWD� RX� LQGLUHWD� FRP� RV� REMHWLYRV�
GD�HPSUHVD��SDVVDP�D�H[LVWLU�RV�yUJmRV�GH� OLQKD�H�GH�
VWDII��
���5HODo}HV�� RV� UHODFLRQDPHQWRV� FRQVWLWXHP� R� FRQFHLWR�
WDOYH]�PDLV�LPSRUWDQWH�GD�RUJDQL]DomR��$�SUHRFXSDomR�
LQLFLDO� IRFDOL]RX� DV� UHODo}HV� HQWUH� RV� yUJmRV�
FRPSRQHQWHV� GD� RUJDQL]DomR� H� HQWUH� DV� SHVVRDV� FRP�
UHODomR� DR� VHX� WUDEDOKR�� 3RVWHULRUPHQWH�� HVVD�
SUHRFXSDomR� HVWHQGHX�VH� D� RXWURV� DVSHFWRV� IRUD� GD�
RUJDQL]DomR�� FRPR� UHODFLRQDPHQWRV� FRP� FOLHQWHV� �D�
SDUWLU�GH�VLVWHPDV�GH�JHVWmR� FRPR�R�&50���&XVWRPHU�
5HODWLRQVKLS�0DQDJHPHQW���FRP�IRUQHFHGRUHV��D�SDUWLU�
GH� VLVWHPDV� GH� JHVWmR� FRPR� R� 6&0� �� 6XSSO\� &KDLQ�
0DQDJHPHQW���
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
�
4XHP�HVWXGD�D� IXQomR�RUJDQL]DFLRQDO� GHYH� HVWDU� DWHQWR� WDPEpP�DR�
IDWR�GH�TXH�HVWD�IXQomR�WDPEpP�VH�GHVGREUD�QRV�WUrV�QtYHLV�RUJDQL]DFLRQDLV��
x� 2UJDQL]DomR� QR� QtYHO� JOREDO�� WUDWD�VH� GD� RUJDQL]DomR� TXH�
HQYROYH� D� HPSUHVD� FRPR� XP� WRGR�� WUDWDQGR� GH� UHDOL]DU� R�
GHVHQKR�RUJDQL]DFLRQDO��(VWD�RUJDQL]DomR�p�WUDWDGD�SHOD�F~SXOD�
RUJDQL]DFLRQDO�QR�QtYHO�LQVWLWXFLRQDO��
x� 2UJDQL]DomR�QR�QtYHO�GHSDUWDPHQWDO��p�TXDQGR�HVWD�IXQomR�
RUJDQL]DFLRQDO� p� WUDWDGD� SHOD� JHUrQFLD� LQWHUPHGLiULD��
DEUDQJHQGR�FDGD�GHSDUWDPHQWR�RX�XQLGDGH�GD�HPSUHVD��7UDWD�
VH�GR�GHVHQKR�GHSDUWDPHQWDO�RX�GHSDUWDPHQWDOL]DomR��
x� 2UJDQL]DomR�QR�QtYHO�GDV�WDUHIDV�H�RSHUDo}HV��p�R�FDVR�GD�
RUJDQL]DomR� TXH� IRFDOL]D� DV� WDUHIDV� GR� HPSUHHQGLPHQWR�� VXDV�
DWLYLGDGHV� H� RSHUDo}HV�� e� DTXL� TXH� VH� LQVHUH� R� GHVHQKR� GH�
FDUJRV�RX�WDUHIDV��WUDWDGR�QR�QtYHO�PDLV�EDL[R�GD�RUJDQL]DomR��R�
RSHUDFLRQDO��
�
�����'LUHomR��
$� IXQomR� GH� GLULJLU� HVWi� UHODFLRQDGD� FRP� D� FRQGXomR� GRV� WUDEDOKRV�
H[HFXWDGRV��SDUD�TXH�RV�REMHWLYRV�GD�RUJDQL]DomR�SRVVDP�VHU�DWLQJLGRV��(VWD�
IXQomR�p� UHVSRQViYHO�SRU� DFLRQDU�H� GLQDPL]DU�D�HPSUHVD�SDUD�TXH�HOD�SRVVD�
IXQFLRQDU�DGHTXDGDPHQWH��
$� GLUHomR� VH� UHODFLRQD� FRP� DV� SHVVRDV� GD� HPSUHVD�� (OD� p� D� IXQomR�
DGPLQLVWUDWLYD�TXH�WUDWD�GR�UHODFLRQDPHQWR�HQWUH�RV�DGPLQLVWUDGRUHV�H�RV�VHXV�
VXERUGLQDGRV�� SRU� LVVR�� p� SRVVtYHO� GL]HU� TXH� HOD� HVWi� FHQWUDGD� QDV� UHODo}HV�
KXPDQDV��$VVLP��HQTXDQWR�DV�RXWUDV� IXQo}HV�GR�SURFHVVR�DGPLQLVWUDWLYR� VmR�
LPSHVVRDLV��D�GLUHomR�p�HPLQHQWHPHQWH�LQWHUSHVVRDO��HQWUH�SHVVRDV���
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
1R�QtYHO�HVWUDWpJLFR�D�IXQomR�GLUHomR�
HVWDEHOHFH� SROtWLFDV� H� GLUHWUL]HV� GH� GLUHomR� H�
FRQGXomR�GR�SHVVRDO��1R�QtYHO�WiWLFR�UHDOL]D�D�
JHUrQFLD� H� DSOLFDomR� �DORFDomR�� GH� UHFXUVRV�
FRP�YLVWDV�j�DomR�HPSUHVDULDO�H�OLGHUDQoD��1R�
QtYHO� RSHUDFLRQDO� p� RQGH� HVWi� D� FKHILD��
VXSHUYLVmR� H� PRWLYDomR� GR� SHVVRDO�
�&+,$9(1$72���������
'HYH�VH� SHUFHEHU� TXH� DV� SHVVRDV� VmR� R� SULQFLSDO� UHFXUVR� GD�
RUJDQL]DomR�� GHYHQGR� VHU� GLULJLGDV� QR� H[HUFtFLR� GH� VXDV� IXQo}HV� SDUD� D�
FRQVHFXomR�GRV�REMHWLYRV� RUJDQL]DFLRQDLV��1HVWH� VHQWLGR�� DV� SHVVRDV�XWLOL]DP�
RV�GHPDLV�UHFXUVRV�GLVSRQtYHLV��ILQDQFHLURV��PDWHULDLV��WHFQROyJLFRV��HWF���SDUD�
FRQFUHWL]DUHP�VXDV�Do}HV��
1D� IXQomR� GH� GLUHomR�� VmR� WUrV� DV� SULQFLSDLV� DWLYLGDGHV�
GHVHPSHQKDGDV�SHOR�DGPLQLVWUDGRU��
��� &RPXQLFDomR��RV�DGPLQLVWUDGRUHV�SUHFLVDP�VH�FRPXQLFDU�FRP�
RV� VHXV� VXERUGLQDGRV� SDUD� LQGLFDU�OKHV� RV� FDPLQKRV� D� VHUHP�
VHJXLGRV�H�UHFHEHUHP�IHHGEDFN��
���0RWLYDomR�� QR� H[HUFtFLR� GD� IXQomR� GH� GLUHomR�� RV�
DGPLQLVWUDGRUHV� EXVFDP� XWLOL]DU�VH� GD� FRPXQLFDomR� SDUD�
HVWLPXODU�D�PRWLYDomR�GRV�VXERUGLQDGRV��
��� /LGHUDQoD�� R� H[HUFtFLR� GD� OLGHUDQoD� WDPEpP� XWLOL]D� GD�
FRPXQLFDomR� SDUD� LQIOXHQFLDU� R� FRPSRUWDPHQWR� GRV�
VXERUGLQDGRV� SDUD� TXH� HOHV� GHVHMHP� UHDOL]DU� DV� DWLYLGDGHV�
UHOHYDQWHV�SDUD�D�RUJDQL]DomR��
�
2� FRQFHLWR� GH� GLUHomR� p� DSOLFiYHO� D� WRGDV� DV� SHVVRDV� TXH� DWXDP�
GHQWUR�GRV�OLPLWHV�RUJDQL]DFLRQDLV��HP�TXDOTXHU�XP�GH�VHXV�WUrV�QtYHLV��
�ƚĞŶĕĆŽ P� ?ĂůŽĐĂĕĆŽ�ĚĞ�ƌĞĐƵƌƐŽƐ ?�Ġ�ƵŵĂ�
ĞdžƉƌĞƐƐĆŽ� ƋƵĞ� ŐĞƌĂ� ŵƵŝƚĂ� ĐŽŶĨƵƐĆŽ ?�
/ƐƐŽ�ĂĐŽŶƚĞĐĞ�ƉĞůĂ�ŶĂƚƵƌĞnjĂ�ĚĂ�ƉĂůĂǀƌĂ�
Ğ� ƉĞůŽ� ƐĞƵ� ƵƐŽ� ŝŶĚŝƐĐƌŝŵŝŶĂĚŽ ?� ũƵŶƚŽ�
ĐŽŵ� ƐŝŶƀŶŝŵŽƐ ?� ƉĞůĂ� ůŝƚĞƌĂƚƵƌĂ�
ĞƐƉĞĐŝĂůŝnjĂĚĂ ?� �ƐƐŝŵ ?� ĂůŽĐĂĕĆŽ� ĚĞ�
ƌĞĐƵƌƐŽƐ� ŽƌĂ� ĂƉĂƌĞĐĞ� ĐŽŵŽ� ĨƵŶĕĆŽ�
 ?ĚĞĐŝƐſƌŝĂ ?�ĚŽ�ƉůĂŶĞũĂŵĞŶƚŽ ?�ŽƌĂ�ĐŽŵŽ�
ĨƵŶĕĆŽ� ?ĞƐƚƌƵƚƵƌĂů ?�ĚĞ�ŽƌŐĂŶŝnjĂĕĆŽ ?�ŽƌĂ�
ĐŽŵŽ�ĨƵŶĕĆŽ� ?ĚĞ�ĚŝĂ�Ă�ĚŝĂ ?�ĚĂ�ĚŝƌĞĕĆŽ ?�
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
x� 3UHVLGHQWH��'LUHWRUHV��DOWRV�H[HFXWLYRV��VmR�DV�SRVLo}HV�GH�
GLUHomR�RFXSDGD�SRU�SHVVRDV�QR�QtYHO�LQVWLWXFLRQDO��TXH�DEUDQJH�
D�RUJDQL]DomR�FRPR�XP�WRGR�RX�JUDQGHV�iUHDV�GD�PHVPD��
x� *HUHQWHV�H�SHVVRDO�LQWHUPHGLiULR��WUDWD�VH�GDV�SRVLo}HV�TXH�
H[HUFHP� D� GLUHomR� QR� QtYHO� LQWHUPHGLiULR� GD� RUJDQL]DomR��
DERUGDQGR�FDGD�GHSDUWDPHQWR�RX�XQLGDGH��
x� 6XSHUYLVRUHV� H� HQFDUUHJDGRV�� VmR� DV� SRVLo}HV� GH� GLUHomR�
TXH�DEUDQJHP�JUXSRV�GH�SHVVRDV�H�WDUHIDV�QR�QtYHO�RSHUDFLRQDO�
GD�RUJDQL]DomR��
�
�����&RQWUROH�H�DYDOLDomR��
2�WHUPR�³FRQWUROH´�SRVVXL�GLIHUHQWHV�VLJQLILFDGRV��9HMDPRV�DOJXPDV��
x� &RQWUROH� FRPR� DXWRPDomR�� PDQWHP� R� IXQFLRQDPHQWR� GR�
VLVWHPD�� YHULILFDQGR� QmR� FRQIRUPLGDGHV� GH� XP� SURFHVVR� SDUD�
TXH�YROWH�j�QRUPDOLGDGH�GH�PDQHLUD�DXWRPiWLFD��
x� &RQWUROH�FRPR�UHVWULomR�H�FRHUomR��EXVFD�UHVWULQJLU�RX�FRLELU�
GHVYLRV�� VHQGR�DWULEXtGR�XP�YDORU� VRFLDO� QHJDWLYR� DRV�GHVYLRV��
TXH�SDVVDP�D�VHU�FRQVLGHUDGRV�HUURV��
x� &RQWUROH� FRPR� IXQomR� DGPLQLVWUDWLYD�� p� D� IXQomR� GR�
SURFHVVR� DGPLQLVWUDWLYR� TXH� YHULILFD� R� TXH� IRL� SODQHMDGR��
DSRQWDQGR�SDUD�PHLRV�GH�FRUUHomR�GH�UXPRV��
�
�
�
�
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
�
�
�
�
�
�
�
�
(P�HVVrQFLD��R�FRQWUROH�EXVFD�YHULILFDU�FRPR�DV�DWLYLGDGHV�UHDOL]DGDV�
QD�RUJDQL]DomR�HVWmR� VH� FRPSRUWDQGR�HP� UHODomR�DR� TXH� HVWDYD�SUHYLVWR�QR�
SODQHMDPHQWR�� 'HVWH� PRGR�� HOH� SUHVVXS}H� D� H[LVWrQFLD� GH� XP� SODQR� D� VHU�
VHJXLGR�H�GH�DWLYLGDGHV�H�UHVXOWDGRV�D�VHUHP�FRQWURODGRV��(P�RXWUDV�SDODYUDV��
p�SRVVtYHO�GL]HU�TXH�R�FRQWUROH�p�D�DWLYLGDGH�TXH�UHDOL]D�D�FRUUHomR�GH�UXPRV�
FRP�EDVH�QR�SODQHMDPHQWR��RUJDQL]DomR�H�GLUHomR�GR�SURFHVVR�DGPLQLVWUDWLYR��
1R� QtYHO� HVWUDWpJLFR� VmR� UHDOL]DGRV� FRQWUROHV� JOREDLV� H� DYDOLDomR� GR�
GHVHPSHQKR� GD� HPSUHVD�FRPR� XP� WRGR�� 1R� QtYHO� WiWLFR� RV� FRQWUROHV� H�
DYDOLDomR�VmR� IHLWRV�VREUH�R�GHSDUWDPHQWR�H�QR�QtYHO�RSHUDFLRQDO�HOHV�VH�GmR�
VREUH�RV�LQGLYtGXRV��&+,$9(1$72���������
+RMH�HP�GLD��R�SDSHO�GR�FRQWUROH�QD�DGPLQLVWUDomR�p�GLIHUHQWH�GR�TXH�
VH�WLQKD�Ki�DOJXPDV�GpFDGDV��1R�SDVVDGR��R�IRFR�GD�DGPLQLVWUDomR�FRPR�XP�
WRGR�HVWDYD�VREUH�R�FRQWUROH��(UD�QHFHVViULR�UHDOL]DU�R�FRQWUROH�GD�SURGXomR��R�
FRQWUROH� GRV� IXQFLRQiULRV�� HWF�� ±� R� TXH� ID]LD� FRP� TXH� DV� RXWUDV� IXQo}HV�
RUJDQL]DFLRQDLV� IRVVHP� WLGDV� FRPR� PHQRV� LPSRUWDQWHV�� &RP� R� DXPHQWR� GD�
YHORFLGDGH� GDV� PXGDQoDV� ±� FDUDFWHUtVWLFR� GD� HUD� GD� LQIRUPDomR� �� R� FRQWUROH�
�ŝƌĞĕĆŽ�
KƌŐĂŶŝnjĂĕĆŽ��ŽŶƚƌŽůĞ�
WůĂŶĞũĂŵĞŶƚŽ�
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
SDVVRX�D�GDU�PDLV�HVSDoR�jV�RXWUDV� IXQo}HV�RUJDQL]DFLRQDLV��SDVVDQGR�D� VHU�
YLVWR�QmR�FRPR�D�DWLYLGDGH�ILP�GD�DGPLQLVWUDomR��PDV�FRPR�XP�PHLR�SDUD�TXH�
RV�UHVXOWDGRV�RUJDQL]DFLRQDLV�SRVVDP�VHU�DWLQJLGRV��$VVLP��R�FRQWUROH�SDVVRX�D�
VHU� FRQVLGHUDGR�FRPR�XPD�HWDSD� WmR� LPSRUWDQWH�TXDQWR� DV�RXWUDV�HWDSDV�GR�
SURFHVVR�DGPLQLVWUDWLYR��
&RP�LVWR�HP�PHQWH��GHYHPRV�VDEHU�TXH�WRGR�PHFDQLVPR�GH�FRQWUROH�
GHYH� LQFOXLU� DOJXQV� DVSHFWRV� HVVHQFLDLV�� 3DUD� +D\QHV� H� 0DVVLH� ������� DSXG�
&KLDYHQDWR���������GHYH�VH�GHVWDFDU���QR�FRQWUROH���D�H[LVWrQFLD�GH��
���2EMHWLYR�� R� FRQWUROH� UHTXHU� XP� REMHWLYR�� XP� ILP�
SUHGHWHUPLQDGR��XP�SODQR��XPD� OLQKD�GH�DWXDomR��XP�
SDGUmR�� XPD� QRUPD�� XPD� UHJUD� GHFLVyULD�� XP� FULWpULR�
RX�XPD�XQLGDGH�GH�PHGLGD��
���0HGLomR�� R� FRQWUROH� UHTXHU� XP� PHLR� GH� PHGLU� D�
DWLYLGDGH�GHVHQYROYLGD��2�TXH�QmR�VH�SRGH�PHGLU�QmR�
VH�SRGH�DGPLQLVWUDU��
��� &RPSDUDomR�� XP� SURFHGLPHQWR� SDUD� FRPSDUDU� WDO�
DWLYLGDGH�FRP�R�FULWpULR�GHILQLGR��
��� &RUUHomR�� DOJXP� PHFDQLVPR� TXH� FRUULMD� D� DWLYLGDGH�
HP� FXUVR� SDUD� SHUPLWLU�OKH� DOFDQoDU� RV� UHVXOWDGRV�
GHVHMDGRV��
e�LPSRUWDQWH�TXH�VH�VDLED�TXH�R�FRQWUROH�QRUPDOPHQWH�p�H[HUFLGR�HP�
UHODomR� DV� DWLYLGDGHV� LQWHUQDV� �UHFXUVRV� KXPDQRV�� HVWRTXH�� SURGXomR�� HWF����
PDV�R�DFRPSDQKDPHQWR�REMHWR�GD�IXQomR�GH�FRQWUROH�WDPEpP�SRGH�VH�GDU�HP�
UHODomR� DRV� IDWRUHV� H[WHUQRV�� DSHVDU� GHOHV� QmR� VHUHP� JHUHQFLiYHLV� SHOD�
RUJDQL]DomR�� $OpP� GLVVR�� GLIHUHQWHV� IDWRUHV� SRGHP� LQIOXHQFLDU� D� PDQHLUD�
DWUDYpV�GD�TXDO�D�RUJDQL]DomR�HVWUXWXUD�RV�VHXV�PHFDQLVPRV�GH�FRQWUROH��WDLV�
FRPR��R�VHX�WDPDQKR��D�FHQWUDOL]DomR�GHVFHQWUDOL]DomR�GH�VXDV�DWLYLGDGHV��R�
JUDX� GH� GHILQLomR�� GRFXPHQWDomR� H� FRPXQLFDomR� GDV� SROtWLFDV� H�
SURFHGLPHQWRV��D�WHUFHLUL]DomR�H�RXWVRXUFLQJ��
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
��(�SDUD�TXH�VHUYH�R�FRQWUROH"�
2V� FRQWUROHV� SRGHP� VHUYLU� SDUD� GLIHUHQWHV� TXHVW}HV� RUJDQL]DFLRQDLV��
SRGHQGR�VHU�XWLOL]DGRV�SDUD��+HOOULHJHO�H�6ORFXP�-U��DSXG�&KLDYHQDWR���������
��� 3DGURQL]DU� R� GHVHPSHQKR�� SRU� PHLR� GH�
LQVSHo}HV�� VXSHUYLVmR�� SURFHGLPHQWRV� HVFULWRV� RX�
SURJUDPDV�GH�SURGXomR��
��� 3URWHJHU� RV� EHQV� RUJDQL]DFLRQDLV�� GH�
GHVSHUGtFLRV�� URXERV� H� DEXVRV�� SRU� PHLR� GH�
H[LJrQFLD� GH� UHJLVWURV� HVFULWRV�� SURFHGLPHQWRV� GH�
DXGLWRULD�H�GLYLVmR�GH�UHVSRQVDELOLGDGHV��
��� 3DGURQL]DU�D�TXDOLGDGH�GH�SURGXWRV�H�VHUYLoRV��
RIHUHFLGRV� SHOD� HPSUHVD�� SRU� PHLR� GH� WUHLQDPHQWR�
GH� SHVVRDO�� LQVSHo}HV�� FRQWUROH� HVWDWtVWLFR� GH�
TXDOLGDGH�H�VLVWHPDV�GH�LQFHQWLYR��
��� /LPLWDU� D� TXDQWLGDGH� GH� DXWRULGDGH�� TXH� HVWi�
VHQGR�H[HUFLGD�SHODV�YiULDV�SRVLo}HV�RX�SHORV�QtYHLV�
RUJDQL]DFLRQDLV�� SRU� PHLR� GH� GHVFULo}HV� GH� FDUJRV��
GLUHWUL]HV� H� SROtWLFDV�� UHJUDV� H� UHJXODPHQWRV� H�
VLVWHPDV�GH�FRQWUROH��
���0HGLU�H�GLULJLU�R�GHVHPSHQKR�GDV�SHVVRDV��SRU�
PHLR� GH� VLVWHPDV� GH� DYDOLDomR� GR� GHVHPSHQKR� GR�
SHVVRDO�� VXSHUYLVmR� GLUHWD�� YLJLOkQFLD� H� UHJLVWURV��
LQFOXLQGR� LQIRUPDo}HV� VREUH� SURGXomR� SRU�
HPSUHJDGR�RX�SHUGDV�SRU�UHIXJRV�SRU�HPSUHJDGRV��
HWF��
��� &RPR� PHLRV� SUHYHQWLYRV� SDUD� R� DOFDQFH� GRV�
REMHWLYRV� RUJDQL]DFLRQDLV�� SHOD� DUWLFXODomR� GH�
REMHWLYRV� HP� XP� SODQHMDPHQWR�� SRLV� RV� REMHWLYRV�
DMXGDP�D�GHILQLU�R�HVFRSR�DSURSULDGR�H�D�GLUHomR�GR�
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
FRPSRUWDPHQWR� GDV� SHVVRDV� SDUD� R� DOFDQFH� GRV�
UHVXOWDGRV�GHVHMDGRV��
'H�IRUPD�PDLV�DPSOD��&KLDYHQDWR��������DILUPD�TXH�R�FRQWUROH�EXVFD�
DWHQGHU�GXDV�ILQDOLGDGHV�SULQFLSDLV��
��� &RUUHomR� GH� IDOKDV� RX� HUURV� H[LVWHQWHV�� R�
FRQWUROH� VHUYH� SDUD� GHWHFWDU� IDOKDV� RX� HUURV� �� VHMD�
QR�SODQHMDPHQWR�RX�QD�H[HFXomR���SDUD�DSRQWDU�DV�
PHGLGDV�FRUUHWLYDV�DGHTXDGDV�SDUD�VDQi�ORV��
��� 3UHYHQomR�GH�QRYDV�IDOKDV�H�HUURV��DR�FRUULJLU�DV�
IDOKDV� RX� HUURV� H[LVWHQWHV�� R� FRQWUROH� DSRQWD� RV�
PHLRV� QHFHVViULRV� SDUD� HYLWi�ORV� QR� IXWXUR�� e� XPD�
ILQDOLGDGH� SHGDJyJLFD� QR� VHQWLGR� GH� DSUHQGL]DJHP�
FRQWtQXD��
�
%XVFDQGR�DWLQJLU�WDLV�ILQDOLGDGHV�H�REMHWLYRV��GLYHUVRV�PHFDQLVPRV�GH�
FRQWUROH� SRGHP� VHU� HVWUXWXUDGRV� SHOR� VLVWHPD� GH� FRQWUROH� RUJDQL]DFLRQDO�� $�
PDLRU� SDUWH� GRV� PpWRGRV� GH� FRQWUROH� SRGH� VHU� DJUXSDGD� HP� TXDWUR� WLSRV�
GLIHUHQWHV��
x� &RQWUROHV� SUp�DomR�� JDUDQWHP� TXH� RV� LQVXPRV� HVWHMDP�
GLVSRQtYHLV� DQWHV� GDV� Do}HV� VHUHP� H[HFXWDGDV�� $OJXQV�
H[HPSORV�GHVWH�WLSR�GH�FRQWUROH�VmR�RV�RUoDPHQWRV�ILQDQFHLURV�
H� RV� FURQRJUDPDV�� XPD� YH]� TXH� H[LJHP� R� LQYHVWLPHQWR� GH�
WHPSR�H�WUDEDOKR�SDUD�VHUHP�HVWDEHOHFLGRV��3RVVXL�D�YDQWDJHP�
GH�IDFLOLWDU�R�FRQWUROH�GHVGH�R� LQLFLR�GDV�WDUHIDV��PDV�SRVVXL�D�
GHVYDQWDJHP�GH�QmR�SURSRU� VROXo}HV�UHDLV�SDUD�RV�SUREOHPDV�
HQIUHQWDGRV��
x� &RQWUROHV� GH� GLUHomR� �RX� FRQWUROH� FRQFRUUHQWH��� VmR�
DTXHOHV� TXH� EXVFDP� GHWHFWDU� RV� GHVYLRV� GXUDQWH� D� H[HFXomR��
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
GH�PRGR�TXH�HYHQWXDLV� FRUUHo}HV�SRVVDP�VHU� IHLWDV� D� WHPSR��
3RVVXHP� D� YDQWDJHP� SULQFLSDO� GH� SRVVLELOLWDU� D� FRUUHomR� GH�
UXPRV��PDV�LVVR�Vy�SRGHUi�VHU�FRQFUHWL]DGR�VH�DV�LQIRUPDo}HV�
QHFHVViULDV� SXGHUHP� VHU� FROHWDGDV� GH� PDQHLUD� SUHFLVD� H� HP�
WHPSR�RSRUWXQR��
R� &RQWUROHV� GH� VLP�QmR� �RX� GH� WULDJHP��� VmR� DTXHOHV�
TXH� SURSRUFLRQDP� XP� PRPHQWR� SDUD� YHULILFDU� D�
DSURYDomR� GH� GHWHUPLQDGR� SURFHGLPHQWR� RX� GR�
DWHQGLPHQWR� GH� FRQGLo}HV� HVSHFtILFDV�� DQWHV� TXH� D�
H[HFXomR� SRVVD� FRQWLQXDU�� *DUDQWHP� D� H[LVWrQFLD� GH�
FKHFNSRLQWV� SDUD� TXH� DV� DWLYLGDGHV� VHMDP� FRQWURODGDV��
$SHVDU�GLVVR��QmR�SRVVLELOLWDP�XP�FRQWUROH� FRQVWDQWH�GH�
GLUHomR��
x� &RQWUROH�SyV�DomR��RX�FRQWUROH�GH�IHHGEDFN���p�DTXHOH�TXH�
PHGH� R� UHVXOWDGR� GD� DomR� TXH� Mi� IRL� H[HFXWDGD� ±� p� XP�
IHHGEDFN��1mR�Ki�PDLV� WHPSR�KiELO�SDUD�D�FRUUHomR�GH� UXPRV�
GD�DWLYLGDGH��R�TXH�FRQVWLWXL�XPD�JUDQGH�GHVYDQWDJHP��$SHVDU�
GLVVR�� DSUHVHQWDP� D� YDQWDJHP� GH� SRVVLELOLWDU� TXH� DV� QRYDV�
Do}HV�D�VHUHP�UHDOL]DGDV�QR� IXWXUR� OHYHP�HP�FRQVLGHUDomR�RV�
HUURV� DQWHULRUHV� SDUD� TXH� QmR� VH� LQFRUUDP� HP� SUREOHPDV�
LGrQWLFRV�DRV�Mi�YHULILFDGRV�QR�SDVVDGR��
1RWH� TXH� RV� WLSRV� GH� FRQWUROH� DFLPD� SRGHP�VHU� DJUXSDGRV�
VLPSOHVPHQWH� HP� WUrV� WLSRV�� DQWHV� GDV� RSHUDo}HV�� GXUDQWH� DV� RSHUDo}HV� H�
DSyV�DV�RSHUDo}HV��
�
$OpP�GLVVR��DVVLP�FRPR�DV�RXWUDV�IXQo}HV�GR�SURFHVVR�DGPLQLVWUDWLYR��
R� FRQWUROH� WDPEpP� SRGH� VHU� GHVGREUDGR� GH� DFRUGR� FRP� RV� WUrV� QtYHLV�
RUJDQL]DFLRQDLV��KDYHQGR�RV�VHJXLQWHV�WLSRV�GH�FRQWUROH��
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
x� &RQWUROH� HVWUDWpJLFR�� p� R� FRQWUROH� TXH� DFRQWHFH� QR� QtYHO�
LQVWLWXFLRQDO�� VHQGR� JHQpULFR� H� VLQWpWLFR�� GLUHFLRQDGR� SDUD� R�
ORQJR� SUD]R� H� RULHQWDGR� SDUD� R� WRGR� RUJDQL]DFLRQDO�� (VWi�
UHODFLRQDGR�FRP�R�SODQHMDPHQWR�HVWUDWpJLFR��
x� &RQWUROH� WiWLFR�� DFRQWHFH� QR� QtYHO� LQWHUPHGLiULR� GD�
RUJDQL]DomR��VHQGR�XP�SRXFR�PHQRV�JHQpULFR�H�PDLV�GHWDOKDGR�
GR� TXH� R� HVWUDWpJLFR�� (OH� p� GLUHFLRQDGR� SDUD� R� PpGLR� SUD]R� H�
DERUGD� D� XQLGDGH� GD� HPSUHVD� RX� FDGD� FRQMXQWR� GH� UHFXUVRV��
(VWi�UHODFLRQDGR�FRP�R�SODQHMDPHQWR�WiWLFR��
x� &RQWUROH�RSHUDFLRQDO��p�PDLV�GHWDOKDGR�H�DQDOtWLFR��DQDOLVDQGR�
FDGD�WDUHID�RX�RSHUDomR�LVRODGDPHQWH��FRP�IRFR�QR�FXUVR�SUD]R�
H� VHQGR� FRQGX]LGR� QR� QtYHO� RSHUDFLRQDO� GD� RUJDQL]DomR�� (VWi�
UHODFLRQDGR�DR�SODQHMDPHQWR�RSHUDFLRQDO��
�
2XWUD� LPSRUWDQWH� WLSRORJLD� VREUH� QtYHLV� GH� FRQWUROH� p� D� GH� 3HUURZ�
�������DSXG�&XQKD�HW�DO����������TXH�DILUPD�H[LVWLUHP�FRQWUROHV�GH�SULPHLUD��
VHJXQGD�H�WHUFHLUD�RUGHP��FRQIRUPH�D�VHJXLU��
��� &RQWUROH�GH�SULPHLUD�RUGHP��VXSHUYLVmR�GLUHWD��7UDWD�VH�GH�
XPD� IRUPD� GH� FRQWUROH� PDLV� VLPSOHV�� QD� TXDO� D� VXSHUYLVmR�
GLUHWD��FKHIHV��GRQRV��JHUHQWHV��HWF���FRQWUROD�DV�DWLYLGDGHV�GRV�
WUDEDOKDGRUHV�� e� PDLV� FRPXP� HP� RUJDQL]Do}HV� SHTXHQDV� H�
HPSUHVDV� IDPLOLDUHV�� SRLV� TXDQGR� D� RUJDQL]DomR� FUHVFH� HP�
WDPDQKR�H�FRPSOH[LGDGH�HVWH�VH�WRUQD�LQYLiYHO��
��� &RQWUROH�GH�VHJXQGD�RUGHP��SDGURQL]DomR�GH�SURFHVVRV��
&RP� R� FUHVFLPHQWR� GD� RUJDQL]DomR�� p� IXQGDPHQWDO� TXH� VHXV�
SURFHVVRV�VHMDP�SDGURQL]DGRV�SDUD�TXH�KDMD�FRQWUROH�VREUH�VXD�
H[HFXomR�� (VWH� QtYHO� GH� FRQWUROH� EDVHLD�VH� HP� GRLV� SLODUHV��
WHFQRORJLD� H� EXURFUDFLD�� 1R� TXH� GL]� UHVSHLWR� j� WHFQRORJLD�� D�
FRRUGHQDomR�GH�DWLYLGDGHV�p�IHLWD�SHOD�RUJDQL]DomR�GR�WUDEDOKR�
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
H� WHFQRORJLD� HPSUHJDGD�� TXH� SRGHP� SHUPLWLU�� SRU� H[HPSOR��
DXWRPDomR� GR� SURFHVVR�� 1R� TXH� GL]� UHVSHLWR� j� EXURFUDFLD�� R�
FRQWUROH�HVWi� OLJDGR�DR� FRQMXQWR�GH� UHJUDV� UDFLRQDLV�TXH�HVWmR�
QD� EDVH� GDV� UHODo}HV� VRFLDLV� GD� RUJDQL]DomR�� 1HVWH� VHQWLGR�� D�
EXURFUDFLD� SRGH� DJLU� GH� IRUPD� FRHUFLWLYD� RX� FDSDFLWDGRUD�� QR�
FRQWUROH�RUJDQL]DFLRQDO��
��� &RQWUROH� GH� WHUFHLUD� RUGHP�� FRQWUROH� SRU� SUHPLVVDV� H�
FXOWXUD�� 1HVWH� FDVR�� D� FRRUGHQDomR� GRV� WUDEDOKRV� p� REWLGD�
DWUDYpV�GH�XP�VLVWHPD�GH�SDUWLOKD�GH�SUHVVXSRVWRV�� FUHQoDV� H�
YDORUHV�TXH�RULHQWDP�R�FRPSRUWDPHQWR�GRV�LQGLYtGXRV�HP�QtYHO�
PDLV� SURIXQGR�� 7UDWD�VH� GH� XP� PHFDQLVPR� GH� FRQWUROH� PDLV�
LPSOtFLWR�GR�TXH�RV�GHPDLV��
�
$OpP�GRV�WLSRV�GH�FRQWUROH�TXH�VHUYHP�SDUD�FRQWURODU�R�GHVHPSHQKR�
RUJDQL]DFLRQDO�� YRFr� GHYH� VDEHU� WDPEpP� TXH� GHVGH� TXH� VH� FRPHoRX� D�
FRQVLGHUDU�D�QHFHVVLGDGH�GR�FRQWUROH�QD�RUJDQL]DomR��HVWH�WHP�VLGR�RULHQWDGR�j�
H[FHomR��FRQIRUPH�VH� YHULILFD�QRV�HVWXGRV�GH�7D\ORU�� 3DUD�HOH��DV� WDUHIDV�GD�
RUJDQL]DomR� GHYHULDP� VHU� SDGURQL]DGDV� �XPD� HVSpFLH� GH� SODQHMDPHQWR�� H�
H[HFXWDGDV�FRQIRUPH�R�SODQHMDGR��2�FRQWUROH�FRQVLVWLULD�HP�EXVFDU�D�H[FHomR�j�
UHJUD�� RX� VHMD�� HQFRQWUDU� RV� FDVRV� QRV� TXDLV� DV� WDUHIDV� HVWLYHVVHP� VHQGR�
UHDOL]DGDV�GH�PDQHLUD�GLIHUHQWH�GR�SUHYLVWR�LQLFLDOPHQWH��
$VVLP�� QRV� GLIHUHQWHV� QtYHLV� GH� FRQWUROH� SHUFHEH�VH� D� H[LVWrQFLD� GH�
XPD� VHTXrQFLD� GH� DWLYLGDGHV� SDUD� D� UHDOL]DomR� GR� FRQWUROH�� (VVD� VHTXrQFLD�
EXVFD� DVVHJXUDU� TXH� R� FRQWUROH� SRVVD� H[HUFHU� VXD� WDUHID� FHQWUDO� GH��
HQFRQWUDQGR�D� H[FHomR�j� UHJUD�� DJLU� FRUUHWLYDPHQWH��6mR� TXDWUR� DV� IDVHV�GR�
FRQWUROH�QDV�RUJDQL]Do}HV��
��� (VWDEHOHFLPHQWR� GH� SDGU}HV� GH� GHVHPSHQKR� H� FULWpULRV� SDUD�
FRPSDUDomR�IXWXUD��
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
��� $YDOLDomR� GRV� UHVXOWDGRV� H� GHVHPSHQKRV� DOFDQoDGRV� SHOD�
RUJDQL]DomR��
��� &RPSDUDomR� HQWUH� R� GHVHPSHQKR�UHVXOWDGR� DOFDQoDGR� H� R�
GHVHPSHQKR�UHVXOWDGR�IL[DGR�LQLFLDOPHQWH��
��� (VWDEHOHFLPHQWR�GH�Do}HV�FRUUHWLYDV�SDUD�FRUULJLU�RV�UXPRV��
'LVFXWLQGR� VREUH� R� TXH� GHYH� VHU� DYDOLDGR�� PHGLGR� H� FRQWURODGR� QDV�
RUJDQL]Do}HV��&KLDYHQDWR� �������DSXG� &KLDYHQDWR��������DILUPD�TXH�HODV� VH�
SUHRFXSDP�FRP�RV�UHVXOWDGRV��FRP�R�GHVHPSHQKR�H�FRP�RV�IDWRUHV�FUtWLFRV�GH�
VXFHVVR�� 1R� TXH� GL]� UHVSHLWR� j� PHGLomR� GR� GHVHPSHQKR�� R� UHIHULGR� DXWRU�
DILUPD� TXH� RV� DVSHFWRV� PDLV� IRFDOL]DGRV� VmR� �WUDQVFUHYR� DTXL� FRQIRUPH� GLWR�
SHOR�DXWRU��SDUD�TXH�YRFr�YHMD�H[DWDPHQWH�FRPR�D�EDQFD�SRGH�FREUDU���
��� /XFUDWLYLGDGH�� HVWi� UHODFLRQDGD� DR� YROXPH� GH�
GLQKHLUR� JHUDGR� DSyV� GHGX]LGDV� DV� GHVSHVDV�� e� D�
PHGLGD� HP�TXH� DV� UHFHLWDV� XOWUDSDVVDP�RV� FXVWRV��
$V� PHGLGDV� GH� OXFUDWLYLGDGH� PDLV� XVDGDV�� YHQGDV�
OLTXLGDV��WRWDO�GH�YHQGDV�HP�UHDLV�PHQRV�FXVWRV�GH�
SURGXomR� GRV� EHQV�VHUYLoRV��� JDQKRV� SRU� IDWLD� GH�
HVWRTXH��UHWRUQR�GR�LQYHVWLPHQWR��H�RXWUDV��
��� &RPSHWLWLYLGDGH�� GL]� UHVSHLWR� DR� VXFHVVR� GH� XPD�
HPSUHVD� HP� UHODomR� DRV� VHXV� FRQFRUUHQWHV�� $V�
PHGLGDV� GH� FRPSHWLWLYLGDGH� PDLV� XVDGDV� VmR��
SHUFHQWDJHP�GD�IDWLD�GH�PHUFDGR�H�YROXPH�WRWDO�GH�
YHQGDV� SDUD� XP�FHUWR� SURGXWR�� FRPR� SHUFHQWDJHP�
GR�YROXPH�WRWDO�GH�YHQGDV�GH�WRGRV�RV�SURGXWRUHV��
��� (ILFLrQFLD�� VLJQLILFD�R�DOFDQFH�GH�UHVXOWDGRV�FRP�R�
PtQLPR� XVR� GH� UHFXUVRV�� e� D� SRUFHQWDJHP� GRV�
UHFXUVRV�UHDOPHQWH�XWLOL]DGRV�VREUH�RV�UHFXUVRV�TXH�
IRUDP�SODQHMDGRV�SDUD�VHUHP�XWLOL]DGRV��
������
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
$�HILFLrQFLD�DQDOLVD�R� ODGR�GD�HQWUDGD�GR�VLVWHPD�H�
PHGH�R�GHVHPSHQKR�GR�JHUHQFLDPHQWR�GR�VLVWHPD��
7RGDV� DV� HQWUDGDV� GR� VLVWHPD� SRGHP� VHU�
VXEPHWLGDV�j�DYDOLDomR�GH�HILFLrQFLD��PmR�GH�REUD��
SHVVRDO�DGPLQLVWUDWLYR��HTXLSDPHQWR��RX�XWLOL]DomR���
PDWHULDO��LQIRUPDo}HV�HWF��
$V�PHGLGDV�GH�HILFLrQFLD�PDLV�XVDGDV�VmR��UHFXUVRV�
DSOLFDGRV� SRU� XQLGDGH� GH� VDtGD�� WHPSR� GH�
SURFHVVDPHQWR� SRU� XQLGDGH� SURGX]LGDV�� Q~PHUR�
PpGLR� GH� FOLHQWHV� VHUYLGRV� RX� XQLGDGHV� SURGX]LGDV�
SRU� HPSUHJDGR�� WHPSR� PpGLR� GH� PDQXWHQomR� GDV�
PiTXLQDV�H�HTXLSDPHQWRV��
��� (ILFiFLD�� p� D� SRUFHQWDJHP� GD� VDtGD� UHDO� VREUH� D�
VDtGD�HVSHUDGD��e�UHODWLYD�DRV�PHLRV�H�FRLVDV�FHUWDV�
SDUD�DWHQGHU�jV�QHFHVVLGDGHV�GR�FOLHQWH�
������
$�HILFiFLD�DQDOLVD�R�ODGR�GD�VDtGD�GR�VLVWHPD�H�WUDWD�
GD� LPSOHPHQWDomR� GRV� REMHWLYRV�� ID]HU� R� TXH� VH�
SODQHMRX�� $V� PHGLGDV� GH� HILFiFLD� GHYHP� UHIOHWLU� VH�
RV�UHVXOWDGRV�GHVHMDGRV�HVWmR�VHQGR�DWLQJLGRV��
$V�PHGLGDV�GH�HILFiFLD�PDLV�XVDGDV�VmR��Q~PHUR�GH�
FOLHQWHV� TXH� UHWRUQDP�� VDWLVIDomR� GR� FOLHQWH��
DWHQGLPHQWR�jV�QHFHVVLGDGHV�GD�VRFLHGDGH�����4XDOLGDGH�� UHIHUH�VH� j� DGHTXDomR� HP� UHODomR� jV�
HVSHFLILFDo}HV� RX� UHTXLVLWRV� RX� VXSHUDomR� GRV�
PHVPRV�� $V� PHGLGDV� PDLV� XVDGDV� VmR��
SHUFHQWDJHP�GH�SURGXWRV�TXH�DWHQGHP�DRV�FULWpULRV�
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
GH� TXDOLGDGH�� Q~PHUR� GH� UHFODPDo}HV� GH� FOLHQWHV��
Q~PHUR� GH� SURGXWRV� UHMHLWDGRV�� VDWLVIDomR� GR�
FOLHQWH��
��� ,QRYDomR��p�R�JUDX�HP�TXH�VH�SURGX]�QRYDV�LGHLDV�
RX� VH� DGDSWDP� YHOKDV� LGHLDV� SDUD� FULDU� UHVXOWDGRV�
OXFUDWLYRV��$V�PHGLGDV��Q~PHUR�GH�SDWHQWHV�REWLGDV�
SDUD� RV� QRYRV� SURGXWRV�� Q~PHUR� GH� QRYRV�
SURGXWRV�VHUYLoRV� GHVHQYROYLGRV�� Q~PHUR� GH�
VXJHVW}HV� GH� HPSUHJDGRV� LPSOHPHQWDGDV�� YROXPH�
GH� GLQKHLUR� HFRQRPL]DGR� SRU� PHOKRULDV� FRQWLQXDU�
QRV�SURFHVVRV�GH�WUDEDOKR��
��� 3URGXWLYLGDGH�� p� D� UHODomR� HQWUH� DV� VD~GDV� H� DV�
HQWUDGDV�GR�VLVWHPD��
������
$V� PHGLGDV� GH� SURGXWLYLGDGH� SRGHP� VHU� DSOLFDGDV�
SDUD� FDGD� HQWUDGD� RX� FRPELQDomR� GH� HQWUDGDV��
YHQGDV�� FXVWRV� HWF�� 8WLOL]DP� UD]}HV� VLPSOHV�� FRPR�
WRQHODGDV� SRU� KRPHP�KRUD� �HVSHUDGDV� H� UHDLV���
SURGXomR�SRU�RSHUiULR�GLD��
���4XDOLGDGH�GH�YLGD�QR�WUDEDOKR��WHP�UHODomR�FRP�
RV� DVSHFWRV� GR� DPELHQWH� ItVLFR� H� SVLFROyJLFR� GR�
WUDEDOKR� TXH� VmR� LPSRUWDQWHV�SDUD�RV� IXQFLRQiULRV��
$V� PHGLGDV� PDLV� XVDGDV� VmR�� VDWLVIDomR� GRV�
HPSUHJDGRV�� tQGLFH� GH� URWDWLYLGDGH� H� GH�
DEVHQWHtVPR� GRV� IXQFLRQiULRV�� tQGLFH� GH� DFLGHQWHV�
QR�WUDEDOKR��
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
$SUHVHQWR�DLQGD�R� FRQFHLWR�GH�HIHWLYLGDGH��TXH�p�R�JUDX�GR� LPSDFWR�
JHUDGR�SHORV�SURGXWRV�H�VHUYLoRV�GD�RUJDQL]DomR�VREUH�R�VHX�DPELHQWH��VHQGR�
PDLV�OLJDGR�j�0LVVmR�GD�RUJDQL]DomR�H�GH�PDLV�GLItFLO�PHQVXUDomR��
7RGRV�HVVHV�IDWRUHV�VmR�LPSRUWDQWHV�SDUD�TXH�D�RUJDQL]DomR�HVWUXWXUH�
R�VHX�VLVWHPD�GH�PHGLomR�GH�GHVHPSHQKR��PDV�YRFr�QmR�GHYH�DSHQDV�GHFRUi�
ORV��9DOH�D�SHQD�HQWHQGr�ORV�GH�YHUGDGH��SRLV�D�VXD�EDQFD�SRGH�FREUDU�GH�XPD�
IRUPD� GLIHUHQWH���� 2� REMHWLYR� p� TXH� YRFr� VDLED� UHVROYHU� D� TXHVWmR� DWp� VH� D�
EDQFD�SHGLU�R�DVVXQWR�FRQIRUPH�PHQFLRQDGR�SRU�XP�DXWRU�PXLWR�HVSHFtILFR��
$VVLP�� EXVTXH� HQWHQGHU� R� DVVXQWR� TXH� DFDEDPRV� GH� HVWXGDU�� SDUD�
TXH�SRVVD�DSOLFDU�R�FRQKHFLPHQWR�QD�TXHVWmR�GH�SURYD��
�
�
�
�
�
$QWHV�GH� LU�SDUD�DV�TXHVW}HV�FRPHQWDGDV��YHMD�R�UHVXPR�TXH�
SUHSDUHL�VREUH�SURFHVVR�DGPLQLVWUDWLYR��
KWWSV���ZZZ�\RXWXEH�FRP�ZDWFK"Y ,�,KJ��.�6��
8P�DEUDoR��
�
3URI��&DUORV�;DYLHU�
ZZZ�IDFHERRN�FRP�SURIHVVRUFDUORV[DYLHU�
ZZZ�\RXWXEH�FRP�SURIFDUORV[DYLHU�
,QVWDJUDP��#3URIHVVRUFDUORV[DYLHU�
�
�
�
$VVLQH�PLQKD�OLVWD�GH�PDWHULDO�E{QXV��
KWWS���HHSXUO�FRP�FD4H,Y�
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
��� 4XHVW}HV�FRPHQWDGDV��
48(67®(6�62%5(�352&(662�$'0,1,675$7,92�(�$'0,1,675$dÆ2�
(0�*(5$/�
�
����&(63(�7&(�6&�$XGLWRU� )LVFDO� GH� &RQWUROH� ([WHUQR� ±�
$GPLQLVWUDomR�������/LVWDV�GH�YHULILFDomR��FURQRJUDPDV�
H�JUiILFRV�GH�*DQWW�SRGHP�VHU�XWLOL]DGRV�SDUD�DX[LOLDU�DV�
DWLYLGDGHV�GH�SODQHMDPHQWR�RSHUDFLRQDO��
&RPHQWiULR��
$� TXHVWmR� WUD]�� FRUUHWDPHQWH�� IHUUDPHQWDV� GH� SODQHMDPHQWR�
RSHUDFLRQDO� OLJDGDV� D� SURFHGLPHQWRV� �OLVWDV� GH� YHULILFDomR�� H� SURJUDPDV�
�FURQRJUDPDV�H�JUiILFR�GH�*DQWW���
*$%$5,72��&HUWR��
�
��� �&(63(�7&(�6&�$XGLWRU� )LVFDO� GH� &RQWUROH� ([WHUQR� ±�
$GPLQLVWUDomR������� 2UJDQL]DomR� FRPR� IXQomR�
DGPLQLVWUDWLYD� p� R� SURFHVVR� DGPLQLVWUDWLYR� HP� TXH� VH�
GHILQH� D� HVWUXWXUD� FRP� GLYLVmR� GH� WUDEDOKR� DGHTXDGD�
SDUD�DWLQJLU�RV�REMHWLYRV�WUDoDGRV�QR�SODQHMDPHQWR��
&RPHQWiULR��
³2UJDQL]DomR´� FRPR�HQWLGDGH�p� R� FRQMXQWR� GH�SHVVRDV� UHXQLGDV� HP�
SURO�GH� LQWHUHVVHV�HP�FRPXP��FRPR�XPD�HPSUHVD��21*��XP�PLQLVWpULR��XP�
FOXEH��HWF��
³2UJDQL]DomR´� HQTXDQWR� IXQomR� DGPLQLVWUDWLYD� p� R� SURFHVVR� GD�
DGPLQLVWUDomR� TXH� EXVFD� HVWUXWXUDU� D� ³RUJDQL]DomR´� �HQWLGDGH��� GLYLGLQGR� R�
WUDEDOKR�GH�PDQHLUD�HVWUXWXUDGD�H�GLVWULEXLQGR�RV�UHFXUVRV�HQWUH�DV�iUHDV��
*$%$5,72��&HUWR��
�
��� �&(63(�7&(�6&�$XGLWRU� )LVFDO� GH� &RQWUROH� ([WHUQR� ±�
$GPLQLVWUDomR�������$�JHVWmR�GH�SHVVRDV�UHODFLRQD�VH�j�
IXQomR� GH� FRQWUROH� GD� DGPLQLVWUDomR� SRUTXH� WHP� R�
REMHWLYR� GH� DFRPSDQKDU� DV� WDUHIDV� H�� FRP� EDVH� HP�
LQGLFDGRUHV�� DVVHJXUDU� TXH� HODV� VHMDP� GHVHPSHQKDGDV�
GH�DFRUGR�FRP�RV�SDGU}HV�H�DV�SROtWLFDV�GD�RUJDQL]DomR��
&RPHQWiULR��
4XHVWmR�PDLV�LQWHUSUHWDWLYD�H�FRP�³SHJDGLQKD´��$�JHVWmR�GH�SHVVRDV�
VH� UHODFLRQD� FRP� WRGDV� DV� IXQo}HV� GD� DGPLQLVWUDomR�� SODQHMDPHQWR��
RUJDQL]DomR��GLUHomR�H�FRQWUROH��1R�TXH�GL]�UHVSHLWR�HVSHFLILFDPHQWH�j�UHODomR�
FRP� R� FRQWUROH�� R� H[DPLQDGRU� SHGH� TXH� YRFr� UHIOLWD� VREUH� VH� HOD� SHUPLWH� R�
DFRPSDQKDPHQWR�GH�WDUHID�FRP�EDVH�HP�LQGLFDGRUHV��DOpP�R�GHVHPSHQKR�GDV�
WDUHIDV�GH�DFRUGR�FRP�SDGU}HV�H�SROtWLFDV�GD�RUJDQL]DomR��
$� UHVSRVWD� p� 6,0�� 7XGR� LVVR� p� JHVWmR� GH� SHVVRDV� H� p� FRQWUROH� DR�
PHVPR�WHPSR��
*$%$5,72��&HUWR��
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
�
��� ��&(63(�7&8�7pFQLFR�)HGHUDO�GH�&RQWUROH�([WHUQR�������
3RU� PHLR� GR� SODQHMDPHQWR�� GHILQHP�VH� RV� REMHWLYRV� H�
GHFLGH�VH� VREUH� RV� UHFXUVRV� H� WDUHIDV� QHFHVViULRV� SDUD�
DOFDQoi�ORV� DGHTXDGDPHQWH�� GLYLGLQGR�VH� R� WUDEDOKR��
DWULEXLQGR�VH� UHVSRQVDELOLGDGHV� jV� SHVVRDV� H�
HVWDEHOHFHQGR�VH� PHFDQLVPRV� GH� FRPXQLFDomR� H�
FRRUGHQDomR��
&RPHQWiULR��
4XHVWmR�HVFRUUHJDGLD��2�SODQHMDPHQWR�GH� IDWR�GHILQH�RV�REMHWLYRV�H�
GHFLGH�VREUH�R�IXWXUR��LQFOXVLYH�VREUH�UHFXUVRV�H�WDUHIDV�D�VHUHP�UHDOL]DGDV��2�
HVWDEHOHFLPHQWR�GH�PHFDQLVPRV�GH�FRPXQLFDomR�H�FRRUGHQDomR��SRU�VXD�YH]��
VmR�WUDWDGRV�SHOD�IXQomR�GH�GLUHomR��
*$%$5,72��(UUDGR�
�
����&(63(�)8%�$GPLQLVWUDGRU������� 3DUD� DVVHJXUDU� D�
UHDOL]DomR� GH� REMHWLYRV� RUJDQL]DFLRQDLV�� R� SURFHVVR� GH�
FRQWUROH� GHYH� FRPSDUDU� UHVXOWDGRV� DOFDQoDGRV� FRP�
UHVXOWDGRV�HVSHUDGRV��
&RPHQWiULR��
2� SURFHVVR� GH� FRQWUROH� p� DTXHOH� TXH� SURSLFLD� D� YHULILFDomR� GRV�
UHVXOWDGRV�HP�UHODomR�DR�SODQHMDGR��DVVLP�FRPR�D�WRPDGD�GH�Do}HV�FRUUHWLYDV��
$�TXHVWmR�WUDWD�GD�HVVrQFLD�GR�FRQWUROH��SRU�LVVR�HVWi�FRUUHWD��
*$%$5,72��&HUWR��
�
����&(63(�)8%�$GPLQLVWUDGRU������� (VWDEHOHFHU�
DWULEXLo}HV� H� UHVSRQVDELOLGDGHV� HQWUH� XQLGDGHV�
RUJDQL]DFLRQDLV�H�GHILQLU�D�HVWUXWXUD�FRP�EDVH�QR�WLSR�GH�
GHSDUWDPHQWDOL]DomR� H� QR� WLSR� GH� RUJDQRJUDPD� PDLV�
DGHTXDGRV� SDUD� HQIUHQWDU� RV� GHVDILRV� Mi� LGHQWLILFDGRV�
VmR�DWLYLGDGHV�TXH�RFRUUHP�QR�SURFHVVR�GH�GLUHomR��
&RPHQWiULR��
'HILQLomR�GH�HVWUXWXUD�RUJDQL]DFLRQDO�p��QD�YHUGDGH��HVWDEHOHFLPHQWR�
GD�GLVWULEXLomR�GRV�UHFXUVRV�KXPDQRV�QD�RUJDQL]DomR��SRUWDQWR�XPD�WDUHID�GD�
IXQomR�RUJDQL]DomR��H�QmR�GLUHomR��
*$%$5,72��(UUDGR�� �
�
����)&&�75(�55�$QDOLVWD� -XGLFLiULR� ±�
%LEOLRWHFRQRPLD������� (P� UHODomR� DR� SODQHMDPHQWR�� p�
FRUUHWR�DILUPDU�TXH��
D�� R� SODQHMDPHQWR� RSHUDFLRQDO� GHFLGH� �R� TXH� ID]HU�� H� �FRPR�
ID]HU����
E�� R� SODQHMDPHQWR� HVWUDWpJLFR� p� R� GHVGREUDPHQWR� GR�
SODQHMDPHQWR�WiWLFR���F�DV� JUDQGHV� HVWUDWpJLDV� GH� XPD� RUJDQL]DomR� VmR� GHILQLGDV� D�
SDUWLU�GD�VRPD�GH�VHXV�SODQRV�WiWLFRV���
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
G�R� SODQHMDPHQWR� HP� ELEOLRWHFDV� H� XQLGDGHV� GH� LQIRUPDomR�
ORFDOL]D�VH��IUHTXHQWHPHQWH��QRV�QtYHLV�GD�DOWD�DGPLQLVWUDomR�H�
HVWUDWpJLFR���
H�R� SODQHMDPHQWR� GD� XQLGDGH� GH� LQIRUPDomR� RFRUUH� GH� IRUPD�
LQGHSHQGHQWH�� VHP� YLQFXODomR� GLUHWD� FRP� R� GD� GLUHomR� GD�
RUJDQL]DomR���
&RPHQWiULR��
9DPRV�YHU�FDGD�XPD�GDV�DOWHUQDWLYDV��
$��&HUWD��2�SODQHMDPHQWR�RSHUDFLRQDO�p�R�~OWLPR�GHVGREUDPHQWR�GRV�
WUrV�QtYHLV�GH�SODQHMDPHQWR��VHQGR�R�PDLV�HVSHFtILFR�SDUD�D�WDUHID�� LQGLFDQGR�
H[DWDPHQWH� TXDLV� DV� WDUHIDV� �R� TXH� ID]HU�� H� TXDLV� RV� SURFHGLPHQWRV� �FRPR�
ID]HU���
%�� (UUDGD�� e� R� FRQWUiULR�� R� WiWLFR� p� TXH� p� GHVGREUDPHQWR� GR�
HVWUDWpJLFR��
&��(UUDGD��$V�HVWUDWpJLDV�YrP�GR�SODQR�HVWUDWpJLFR��
'�� (UUDGD�� 2� SODQHMDPHQWR� GH� XP� VHWRU�� FRPR� RV� PHQFLRQDGRV��
QRUPDOPHQWH� p� WiWLFR�� H� QmR� HVWUDWpJLFR�� 6H� IRU� HP� WHUPRV� GDV� WDUHIDV� H�
SURFHGLPHQWRV��SRGHUtDPRV�DWp�GL]HU�TXH�VH�DSUR[LPD�GR�RSHUDFLRQDO��
(�� (UUDGD�� 7RGR� R� SODQHMDPHQWR� GD� RUJDQL]DomR� p� LQWHJUDGR� QRV�
GLIHUHQWHV�QtYHLV��1mR�Ki�SODQHMDPHQWR�LQGHSHQGHQWH��
*$%$5,72��$��
�
����)&&�757��$QDOLVWD� -XGLFLiULR� ±� %LEOLRWHFRQRPLD�������
$�IXQomR�DGPLQLVWUDWLYD�TXH�FRQVLVWH�HP�PHGLU�H�FRUULJLU�
R� GHVHPSHQKR� D� ILP� GH� DVVHJXUDU� TXH� RV� REMHWLYRV�
RUJDQL]DFLRQDLV� H�RV�SODQRV� HVWDEHOHFLGRV�SDUD�DOFDQoi�
ORV�VHMDP�DWLQJLGRV��p�D�GH���
D��RUJDQL]DomR����
E�SODQHMDPHQWR����
F��FRQWUROH����
G��SUHYLVmR���
H��GLUHomR����
&RPHQWiULR��
$� IXQomR� OLJDGD� DR� DFRPSDQKDPHQWR� GR� GHVHPSHQKR� H� WRPDGD� GH�
Do}HV�FRUUHWLYDV�p�R�FRQWUROH��
*$%$5,72��&�
�
����)&&�&103�7pFQLFR�GR� &103�±�$GPLQLVWUDomR�������2�
SURFHVVR� DGPLQLVWUDWLYR� p� FRPSRVWR� SRU� TXDWUR� IXQo}HV�
HVSHFtILFDV�� SODQHMDPHQWR�� RUJDQL]DomR�� GLUHomR� H�
FRQWUROH��6REUH�FRQWUROH��FRQVLGHUH���
,�� 8P� GRV� SULPHLURV� SDVVRV� p� HVWDEHOHFHU� SUHYLDPHQWH� RV�
REMHWLYRV�RX�SDGU}HV�TXH�VH�GHVHMD�DOFDQoDU�H�PDQWHU���
,,��3URFHVVR�SHOR�TXDO�VmR�IRUQHFLGDV� LQIRUPDo}HV�GH�UHWURDomR�
SDUD�PDQWHU�DV�IXQo}HV�GHQWUR�GH�VXDV�UHVSHFWLYDV�WULOKDV���
,,,��'HILQH�PHLRV�SDUD�SRVVLELOLWDU�D�UHDOL]DomR�GH�UHVXOWDGRV���
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
(VWi�FRUUHWR�R�TXH�FRQVWD�HP�
D��,��,,�H�,,,��
E��,�H�,,��DSHQDV��
F��,��DSHQDV��
G��,,�H�,,,��DSHQDV��
H��,�H�,,,��DSHQDV��
&RPHQWiULR��
9DPRV�YHU�FDGD�XP�GRV�LWHQV��SHQVDQGR�HP�EXVFDU�LQIRUPDo}HV�VREUH�
R�FRQWUROH��
,�� 8P� GRV� SULPHLURV� SDVVRV� p� HVWDEHOHFHU� SUHYLDPHQWH� RV�
REMHWLYRV�RX�SDGU}HV�TXH�VH�GHVHMD�DOFDQoDU�H�PDQWHU���
&HUWR��e�XPD�GDV�IRUPDV�GH�YHU�D�FRLVD��e�SRVVtYHO�FRQVLGHUDU�TXH�D�
GHILQLomR� GH� REMHWLYRV� H� SDGU}HV� ID]� SDUWH� GR� FRQWUROH� VLP�� PDV� D� EDQFD�
WDPEpP�SRGHULD�FRQVLGHUDU�TXH�HVWD�DWLYLGDGH�ID]�SDUWH�GR�SODQHMDPHQWR��'DV�
GXDV�IRUPDV�HVWDULD�FRUUHWR��
,,��3URFHVVR�SHOR�TXDO�VmR�IRUQHFLGDV� LQIRUPDo}HV�GH�UHWURDomR�
SDUD�PDQWHU�DV�IXQo}HV�GHQWUR�GH�VXDV�UHVSHFWLYDV�WULOKDV���
&HUWR�� 2� FRQWUROH� p� D� IXQomR� GH� YHULILFDomR� H� UHWURDomR� SDUD� TXH� R�
SURFHVVR�DQGH�GH�DFRUGR�FRP�R�HVSHUDGR��
,,,��'HILQH�PHLRV�SDUD�SRVVLELOLWDU�D�UHDOL]DomR�GH�UHVXOWDGRV���
(UUDGR��'H�IRUPD�JHUDO��D�IXQomR�TXH�GHILQH�RV�PHLRV�SDUD�SRVVLELOLWDU�
D�UHDOL]DomR�GH�REMHWLYRV�p�R�SODQHMDPHQWR��
$VVLP��,�H�,,�HVWmR�FRUUHWDV��
*$%$5,72��%��
�
���� �)*9�'3(�52�$QDOLVWD� GD� 'HIHQVRULD� 3~EOLFD� ��
$QDOLVWD� HP� $GPLQLVWUDomR������� 2� GLUHWRU� GH� ILQDQoDV�
GH�XPD�FRQVWUXWRUD�UHFHEHX�DV�VHJXLQWHV� LQFXPErQFLDV��
DYDOLDU�R�GHVHPSHQKR�ILQDQFHLUR�GD�HPSUHVD�H�HODERUDU�R�
RUoDPHQWR� SDUD� R� DQR� GH� ������ $R� UHDOL]DU� HVVDV�
LQFXPErQFLDV�� R� GLUHWRU� HVWDUi� H[HUFHQGR��
UHVSHFWLYDPHQWH��DV�VHJXLQWHV�IXQo}HV�DGPLQLVWUDWLYDV���
D�FRQWUROH�H�RUJDQL]DomR��
E��RUJDQL]DomR�H�SODQHMDPHQWR���
F�GLUHomR�H�FRQWUROH��
G�FRQWUROH�H�SODQHMDPHQWR���
H�RUJDQL]DomR�H�GLUHomR��
&RPHQWiULR��
$�IXQomR�UHODWLYD�D�DYDOLDomR�GR�GHVHPSHQKR�p�R�FRQWUROH��HQTXDQWR�D�
IXQomR� OLJDGD� DR� HVWDEHOHFLPHQWR� GH� XP� RUoDPHQWR� �H[HPSOR� GH� SODQR�
ILQDQFHLUR��p�R�SODQHMDPHQWR��
*$%$5,72��'��
�
���� �)*9�7-�6&�$QDOLVWD�$GPLQLVWUDWLYR�������8P�GLUHWRU�
GH� PDUNHWLQJ� DILUPRX� TXH� D� PDLRU� SDUWH� GH� VHX� WHPSR�
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
HUD� GHGLFDGD� D� IXQo}HV�GH� SODQHMDPHQWR�� e�XPD� IXQomR�
GH�SODQHMDPHQWR��QD�iUHD�GH�PDUNHWLQJ��
D��GLVWULEXLomR�GRV�YHQGHGRUHV�SRU�iUHD�JHRJUiILFD��
E��DYDOLDomR�GD�VDWLVIDomR�GRV�FOLHQWHV��
F��HVWUXWXUDomR�GR�GHSDUWDPHQWR�GH�PDUNHWLQJ��
G��GHILQLomR�GD�HVWUDWpJLD�FRPHUFLDO��
H��DWULEXLomR�GH�E{QXV�DRV�YHQGHGRUHV��
&RPHQWiULR��
$V�IXQo}HV�GH�SODQHMDPHQWR�HVWmR�OLJDGDV�jV�GHFLV}HV�VREUH�R�IXWXUR�
GHVHMDGR� H� VREUH� RV� FDPLQKRV� SDUD� VH� FKHJDU� Oi�� &RP� LVWR� HP� PHQWH��
SHUFHEHPRV�TXH�� GH� IRUPD�PDLV� REMHWLYD��D�~QLFD� UHODomR� TXH� VH�SRGH� ID]HU�
FRP�SODQHMDPHQWR�HVWi�QD�DOWHUQDWLYD�'��
$LQGD� DVVLP�� D� DOWHUQDWLYD� &� SRGH� WHU� JHUDGR� DOJXPD� FRQIXVmR��
/HPEUH�VH��D�WRPDGD�GH�GHFLVmR�VREUH�RV�UHFXUVRV�SRGH�VHU�FRQVLGHUDGD�SDUWH�
GR� SODQHMDPHQWR�� PDV� D� HIHWLYD� HVWUXWXUDomR� p� SDUWH� GR� SURFHVVR� GH�
RUJDQL]DomR��
*$%$5,72��'��
�
���� �)*9�'3(�07�$GPLQLVWUDGRU������� $VVLQDOH� D� RSomR�
TXH� LQGLFD�� FRQIRUPH� DFHLWDV� KRMH�� DV� IXQo}HV� GR�
SURFHVVR�DGPLQLVWUDWLYR��
D��2UJDQL]DomR��PRQLWRUDPHQWR��FRQWUROH�H�DYDOLDomR��
E��&RQWUROH��DYDOLDomR��UHFRQYHUVmR�H�PRQLWRUDPHQWR��
F��3ODQHMDPHQWR��RUJDQL]DomR��GLUHomR�H�FRQWUROH��
G�&RRUGHQDomR��SODQHMDPHQWR��UHXQLmR�H�GHFLVmR��
H��$VVHPEOHLD��GHFLVmR��LPSODQWDomR�H�FRQWUROH��
&RPHQWiULR��
4XHVWmR� EHP� REMHWLYD�� TXH� SHGH� DSHQDV� TXH� YRFr� VH� OHPEUH� GDV�
TXDWUR� IXQo}HV� GR� SURFHVVR� DGPLQLVWUDWLYR�� SODQHMDPHQWR�� RUJDQL]DomR��
GLUHomR�H�FRQWUROH��
*$%$5,72��&��
�
���� �)*9�7-�%$�7pFQLFR� -XGLFLiULR� �� ÈUHD�
$GPLQLVWUDWLYD������� (P� WRGDV� DV� iUHDV� GH� XPD�
RUJDQL]DomR�� RV� DGPLQLVWUDGRUHV� H[HUFHP� IXQo}HV� GH�
SODQHMDPHQWR�� RUJDQL]DomR�� GLUHomR� H� FRQWUROH�� e� XPD�
DWLYLGDGH�GH�RUJDQL]DomR�QD�iUHD�GH�ILQDQoDV��
D��DYDOLDomR�GR�GHVHPSHQKR�ILQDQFHLUR�GD�RUJDQL]DomR��
E��HODERUDomR�GH�SURMHWRV�GH�LQYHVWLPHQWR��
F��LPSOHPHQWDomR�GH�SROtWLFD�GH�SDUWLFLSDomR�QRV�OXFURV��
G��DSOLFDomR�GRV�UHFXUVRV�ILQDQFHLURV��
H��FRQWUROH�GRV�FXVWRV�GH�SURGXomR��
&RPHQWiULR��
$V� DWLYLGDGHV� GH� RUJDQL]DomR� VmR� DTXHODV� UHODWLYDV� j� GLVWULEXLomR� H�
DSOLFDomR�GRV�UHFXUVRV��1HVVD�TXHVWmR�HVSHFtILFD��D�~QLFD�DWLYLGDGH�GHVWH�WLSR�
HVWi�QD�DOWHUQDWLYD�'���GH�IRUPD�EDVWDQWH�H[SOtFLWD��SRU�VLQDO��
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
*$%$5,72��'��
�
���� �)*9�&kPDUD� 0XQLFLSDO� GR� 5HFLIH� �� 3(������� 8PD�
HPSUHVD�GH�JUDQGH�SRUWH�GR�VHWRU�IDUPDFrXWLFR�UHGHILQLX�
VXD� HVWUDWpJLD� GH� QHJyFLRV�� H[SDQGLQGR�VH� SDUD� QRYRV�
PHUFDGRV� H� ODQoDQGR�QRYRV� SURGXWRV�� 2� GLUHWRU� GH�
RSHUDo}HV� UHFHEHX� D� LQFXPErQFLD� GH� SURSRU� XPD� QRYD�
HVWUXWXUD�SDUD�D�HPSUHVD��PDLV�DGHTXDGD�j�H[HFXomR�GD�
HVWUDWpJLD�UHFpP�GHILQLGD��$R�UHDOL]DU�HVVD�LQFXPErQFLD��
R� GLUHWRU� HVWDUi� H[HUFHQGR� D� VHJXLQWH� IXQomR�
DGPLQLVWUDWLYD��
D�SODQHMDPHQWR��
E�RUJDQL]DomR��
F�GLUHomR��
G�OLGHUDQoD��
H�FRQWUROH��
&RPHQWiULR��
'H� IRUPD� JHUDO�� TXDQGR� D� EDQFD� IDODU� HP� HVWUXWXUD� RUJDQL]DFLRQDO�
HVWDUi�IDODQGR�GD�IXQomR��RUJDQL]DomR���FRPR�QHVVD�TXHVWmR��
*$%$5,72��%��
�
���� �)*9�)81$57(�$GPLQLVWUDomR� H� 3ODQHMDPHQWR�������
-RVp� 3DXOR�� UHFpP�QRPHDGR� JHUHQWH� GH� SURGXomR� HP�
XPD� HPSUHVD� IDEULFDQWH� GH� FRVPpWLFRV�� HQIUHQWRX� XP�
VpULR�SUREOHPD�QR�ILQDO�GH�VHX�SULPHLUR�PrV�j�IUHQWH�GD�
iUHD��'RLV�GH�VHXV�VXERUGLQDGRV�H[HFXWDUDP�XPD�PHVPD�
DWLYLGDGH� QR� SURFHVVR� GH� SURGXomR�� R� TXH� JHURX� XP�
DWUDVR� QDV� HQWUHJDV� GD� HPSUHVD� H� XP� JUDQGH� SUHMXt]R�
SHOR� GHVFDUWH� GR� PDWHULDO� QmR� DSURYHLWiYHO�� $YDOLDQGR�
HVVH� LQFLGHQWH�� -RVp� 3DXOR� UHFRQKHFHX� TXH�� DR� QmR�
H[SOLFLWDU� FODUDPHQWH� D� WDUHID� TXH� FDGD� XP� GRV�
VXERUGLQDGRV� GHYHULD� ID]HU�� LQFRUUHX� HP� IDOKD� HP� XPD�
GDV� IXQo}HV� EiVLFDV� TXH� XP� DGPLQLVWUDGRU� GHYH�
GHVHPSHQKDU��7UDWD�VH�GR��GD���
D���SODQHMDPHQWR��
E��RUJDQL]DomR��
F��GLUHomR��
G��FRQWUROH��
H��REVHUYDomR��
&RPHQWiULR��
4XHVWmR� HVFRUUHJDGLD�� 1HOD�� R� FDQGLGDWR� SRGHULD� LQWHUSUHWDU� R� PDLV�
yEYLR�� FRPR� TXHULD� D� EDQFD�� TXH� HOHPHQWRV� UHODFLRQDGRV� j� HVWUXWXUD�
RUJDQL]DFLRQDO�ID]HP�SDUWH�GD�IXQomR�RUJDQL]DomR��
$SHVDU�GLVVR��DR�QmR�H[SOLFLWDU�DV�WDUHIDV�DRV�IXQFLRQiULRV��R�JHUHQWH�
HVWi� LQFRUUHQGR�HP�XP�HUUR�QR�SURFHVVR�GH�OLGHUDQoD��SRU� LVVR�WDPEpP�VHULD�
SRVVtYHO�FRQVLGHUDU�FRPR�FRUUHWD�D�IXQomR��GLUHomR���
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
$VVLP��D�EDQFD�HUURX�DR�QmR�DQXODU�HVWD�TXHVWmR��
*$%$5,72�FRQVLGHUDGR��%��
�
�
���� �)*9�352&03$�7pFQLFR� $GPLQLVWUDWLYR� �� $VVLVWHQWH�
HP�GLYHUVDV�iUHDV�������2V�WUrV�WLSRV�GH�SODQHMDPHQWR�
�HVWUDWpJLFR�� WiWLFR� H� RSHUDFLRQDO�� WrP� GLIHUHQWHV�
DPSOLWXGHV��'H�XP�PRGR�JHUDO��RV�SODQHMDPHQWRV�SRGHP�
VHU�GHVFULWRV�FRPR�VHJXH��
,��p�PDFUR�RULHQWDGR��DEUDQJH�D�WRWDOLGDGH�GD�HPSUHVD��
,,��DERUGD�FDGD�XQLGDGH�GD�HPSUHVD�VHSDUDGDPHQWH��
,,,��p�PLFUR�RULHQWDGR��DEUDQJH�DSHQDV�DV�WDUHIDV�GD�RSHUDomR��
2V� LWHQV� ,�� ,,� H� ,,,� UHIHUHP�VH�� UHVSHFWLYDPHQWH�� DRV�
SODQHMDPHQWRV�
D�HVWUDWpJLFR��WiWLFR�H�RSHUDFLRQDO��
E�WiWLFR��RSHUDFLRQDO�H�HVWUDWpJLFR��
F�RSHUDFLRQDO��WiWLFR�H�HVWUDWpJLFR��
G�HVWUDWpJLFR��RSHUDFLRQDO�H�WiWLFR��
H�WiWLFR��HVWUDWpJLFR�H�RSHUDFLRQDO��
&RPHQWiULR��
2� SODQHMDPHQWR� SRGH� DFRQWHFHU� HP� WUrV� QtYHLV�� FRPR� GHVFULWR� SHOD�
TXHVWmR��2�SODQHMDPHQWR�HVWUDWpJLFR�p�R�PDLV�DPSOR��PDLV�JHUDO��DEUDQJHQGR�
D�RUJDQL]DomR�FRPR�XP�WRGR�QXPD�YLVmR�VLVWrPLFD�GH�ORQJR�SUD]R��2�WiWLFR�p�
XP� GHVGREUDPHQWR� LPHGLDWR� SDUD� FDGD� iUHD�VHWRU�GHSDUWDPHQWR�� 2�
RSHUDFLRQDO�p�R�GHVGREUDPHQWR�GR�WiWLFR�SDUD�FDGD�WDUHID�SURFHGLPHQWR�D�VHU�
GHVHPSHQKDGR��
(VWD�H[SOLFDomR�p�IHLWD�SHOD�TXHVWmR��HP�RXWUDV�SDODYUDV��QRV�LWHQV�,�D�
,,,�� DSUHVHQWDQGR� UHVSHFWLYDPHQWH� RV� SODQHMDPHQWRV� HVWUDWpJLFR�� WiWLFR� H�
RSHUDFLRQDO��
*$%$5,72��$��
�
���� �)*9�7-�*2�$QDOLVWD� -XGLFLiULR������� 1R� SURFHVVR�
DGPLQLVWUDWLYR�� DV� IXQo}HV� FRQWUROH�� SODQHMDPHQWR��
RUJDQL]DomR� H� GLUHomR�� GHVHPSHQKDGDV� SHOR�
DGPLQLVWUDGRU��VmR�WLSLFDPHQWH�H[HFXWDGDV�GH�IRUPD��
D��LQWHUUHODFLRQDGD��
E�VHTXHQFLDO��
F��DOHDWyULD��
G�GHSDUWDPHQWDOL]DGD��
H�KLHUiUTXLFD��
&RPHQWiULR��
4XHVWmR� FRQWURYHUVD�� (P� WHVH� p� SRVVtYHO� GL]HU� TXH� DV� IXQo}HV� GR�
SURFHVVR�DGPLQLVWUDWLYR�DFRQWHFHP�GH� IRUPD�VHTXHQFLDO��RQGH�D�SULPHLUD�p�R�
SODQHMDPHQWR�H�D�~OWLPD�p�R�FRQWUROH��
$SHVDU� GLVVR�� QD� SUiWLFD� R� TXH� VH� REVHUYD� p� TXH� WRGDV� DV� IXQo}HV�
DFRQWHFHP�DR�PHVPR�WHPSR��GH�IRUPD�LQWHU�UHODFLRQDGD���
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
(VVD� TXHVWmR� FREURX� D� YLVmR� PDLV� SUiWLFD�� PDV� QmR� FKHJRX� D�
PHQFLRQDU�LVVR�QR�VHX�FRPDQGR��3RU�LVVR��p�SRVVtYHO�FRQVLGHUDU�TXH�HOD�SRVVXL�
GXDV�UHVSRVWDV�SRVVtYHLV��$�H�%���H�GHYHULD�WHU�VLGR�DQXODGD��
*$%$5,72�FRQVLGHUDGR��$�
�
���� �)*9�&203(6$�$QDOLVWD� GH� *HVWmR� ��
$GPLQLVWUDGRU������� 2� DGPLQLVWUDGRU� XWLOL]D� R�
SODQHMDPHQWR�WiWLFR�SDUD�GHOLQHDU�R�TXH��DV�YiULDV�SDUWHV�
GD�RUJDQL]DomR�GHYHP�ID]HU�SDUD�WHU�VXFHVVR���
2V�SODQRV�WiWLFRV�HQYROYHP��
D�D�SURGXomR��D�RUJDQL]DomR��R�PDUNHWLQJ�H�D�FDSDFLWDomR���
E�RV�UHFXUVRV�KXPDQRV��DV�ILQDQoDV��D�SURGXomR�H�R�PDUNHWLQJ��
F�R��DEDVWHFLPHQWR���R��WUHLQDPHQWR���DV��FRPXQLFDo}HV��H���R�
RUoDPHQWR���
G�D�SHVTXLVD�GH�PHUFDGR��DV�ILQDQoDV��RV�UHFXUVRV�KXPDQRV�H�R��
WUHLQDPHQWR�
H�D� � RUJDQL]DomR�� � R� � PDUNHWLQJ�� � R� � DEDVWHFLPHQWR� � H� � D��
FRPXQLFDomR��
&RPHQWiULR��
1R� QtYHO� WiWLFR� VH� HQFRQWUD� R� SODQHMDPHQWR� GH� FDGD�
VHWRU�GHSDUWDPHQWR� GD� RUJDQL]DomR�� $VVLP� YRFr� WHULD� TXH� SURFXUDU� D� ~QLFD�
DOWHUQDWLYD� TXH� WUD]� VHWRUHV�GHSDUWDPHQWRV�� VHQGR� TXH� D� ~QLFD� TXH� R� ID]�
FRUUHWDPHQWH�p�D�OHWUD�%��
1RWH�TXH�QHQKXP�GRV�HOHPHQWRV�D�VHJXLU�FRQVWLWXL�XP�GHSDUWDPHQWR��
RUJDQL]DomR�� FDSDFLWDomR�� DEDVWHFLPHQWR�� WUHLQDPHQWR�� FRPXQLFDo}HV��
RUoDPHQWR�H�SHVTXLVD�GH�PHUFDGR��
*$%$5,72��%��
�
���� �)*9�&203(6$�$QDOLVWD� GH� *HVWmR� ��
$GPLQLVWUDGRU������� 2� SURFHVVR� � DGPLQLVWUDWLYR��
FRQVLVWH�HP�XPD��VHTXrQFLD�GH�Do}HV��TXH��VH��VXFHGHP��
SDUD��FKHJDU��D��XP��GHWHUPLQDGR��SRQWR���XPD��PDQHLUD�
VLVWHPiWLFD�GH�ID]HU�DV�FRLVDV���
&RP� � UHODomR� � j� � IXQomR� � DGPLQLVWUDWLYD� � SODQHMDPHQWR���
DVVLQDOH��D��DILUPDWLYD�FRUUHWD���
D�8VD�D�LQIOXrQFLD�SDUD�PRWLYDU�DV�SHVVRDV���
E�0RQLWRUD�DV�DWLYLGDGHV�H�ID]�FRUUHo}HV���
F�'HVLJQD�UHVSRQVDELOLGDGHV�SDUD�FXPSULU�DV�WDUHIDV���
G�([HFXWD�REMHWLYRV�D�ILP�GH�UHFHEHU�DV�JUDWLILFDo}HV��
H�'HILQH�RV�REMHWLYRV�H�RV�PHLRV�SDUD�DOFDQoi�ORV��
&RPHQWiULR��
$� IXQomR�SODQHMDPHQWR� p� DTXHOD�TXH�� QD� HVVrQFLD�� UHDOL]D� D� WRPDGD�
GH�GHFLV}HV�VREUH�R�IXWXUR�GHVHMDGR��REMHWLYRV��H�R�FDPLQKR��PHLRV��SDUD�VH�
FKHJDU�Oi��FRQIRUPH�HVWi�QD�DOWHUQDWLYD�(��
*$%$5,72��(��
�
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
���� �)*9�$/�%$�7pFQLFR� GH� 1tYHO� 6XSHULRU� ��
$GPLQLVWUDomR������� $FHUFD� � GRV� � QtYHLV� � GH��
SODQHMDPHQWR� � RUJDQL]DFLRQDO�� � OHLD� � R� � IUDJPHQWR� D�
VHJXLU���
2� SODQHMDPHQWR� BBBBB� HVWi� YROWDGR� SDUD� R� HVWDEHOHFLPHQWR��
WHP� � IRFR� HP� � WDUHIDV� FRWLGLDQDV� H� GHILQHP� SURFHGLPHQWRV�
HVSHFtILFRV�� � 2� SODQHMDPHQWR� BBBBB� WHP� IRFR� QRV�
GHSDUWDPHQWRV�RX�VHWRUHV�GH��XPD��RUJDQL]DomR���GHILQLQGR��DV��
SULQFLSDLV� � Do}HV� � SDUD� � FDGD� � XQLGDGH�� )LQDOPHQWH�� R�
SODQHMDPHQWR� BBBBB� WHP� IRUWH� RULHQWDomR� � H[WHUQD��
FDUDFWHUL]DQGR�VH��DLQGD��SRU�SRVVXLU�REMHWLYRV�JHUDLV����
$VVLQDOH� �D� �RSomR��TXH� �FRPSOHWD� �FRUUHWDPHQWH� �DV� � ODFXQDV��
GR��IUDJPHQWR�DFLPD���
D�RSHUDFLRQDO�±�HVWUDWpJLFR�±�WiWLFR����
E�RSHUDFLRQDO�±�WiWLFR�±�HVWUDWpJLFR���
F�HVWUDWpJLFR�±�RSHUDFLRQDO�±�WiWLFR�
G�HVWUDWpJLFR�±�WiWLFR�±�RSHUDFLRQDO���
H�IiWLFR�±�RSHUDFLRQDO�±�HVWUDWpJLFR��
&RPHQWiULR��
4XHVWmR� EHP� REMHWLYD�� SODQHMDPHQWR� OLJDGR� jV� WDUHIDV�� DRV�
GHSDUWDPHQWRV��H�j�RUJDQL]DomR�FRPR�XP�WRGR�QR�VHX�UHODFLRQDPHQWR�FRP�R�DPELHQWH� H[WHUQR�� 7UDWD�VH�� UHVSHFWLYDPHQWH�� GR� RSHUDFLRQDO�� WiWLFR� H�
HVWUDWpJLFR��
*$%$5,72��%��
�
���� �(6$)�5HFHLWD� )HGHUDO�$XGLWRU� )LVFDO� GD� 5HFHLWD�
)HGHUDO�������$QDOLVH� RV� LWHQV�D� VHJXLU� H
� DVVLQDOH� D� RSomR� FRUUHWD��
,�� �2� SODQHMDPHQWR� HVWUDWpJLFR�p� HODERUDGR� QR� QtYHO
� LQVWLWXFLRQDO�� WHP� FRQWH~GR� GHWDOKDGR� H� DQDOtWLFR
� DERUGDQGR� FDGD� XQLGDGH� RUJDQL]DFLRQDO� HP�VHSDUDGR��
,,���2� SODQHMDPHQWR� LPS}H� UDFLRQDOLGDGH� H�
SURSRUFLRQD� UXPR�jV� Do}HV��GD� RUJDQL]DomR��
,,,�2� SODQHMDPHQWR� HVWUDWpJLFR�p� GHILQLGR�QD�iUHD
� GH� LQWHUVHFomR�GRV� FRQMXQWRV� GHILQLGRV� SHORV�
SDUkPHWURV� YLDELOLGDGH� H[WHUQD�� FDSDFLGDGH�LQWHUQD� H�
YLVmR�FRPSDUWLOKDGD��
D��6RPHQWH� ,� H� ,,� HVWmR�FRUUHWDV��
E��6RPHQWH� ,,� H� ,,,� HVWmR�FRUUHWDV��
F��6RPHQWH� ,� H� ,,,� HVWmR�FRUUHWDV��
G��1HQKXPD� GDV� DILUPDWLYDV�HVWi� FRUUHWD��
H��7RGDV� DV� DILUPDWLYDV�HVWmR�FRUUHWDV��
&RPHQWiULR��
9DPRV�ROKDU�FDGD�XP�GRV�LWHQV�HP�VHSDUDGR��
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
,���(UUDGR��2�FRQWH~GR�GR�SODQHMDPHQWR�HVWUDWpJLFR�p�DPSOR�H�JHUDO��
DERUGDQGR� D� RUJDQL]DomR� FRPR� XP� WRGR� H� QmR� FDGD� XQLGDGH�iUHD�
RUJDQL]DFLRQDO��
,,���&HUWR��5HDOL]DU�R�SODQHMDPHQWR�SURSRUFLRQD�XPD�UHIOH[mR�SUpYLD�
VREUH�R�IXWXUR�GHVHMDGR�H�VREUH�RV�FDPLQKRV�SDUD�DOFDQoi�OR��
,,,���&HUWD��5HGDomR�FRQIXVD�H�LQWHUSUHWDWLYD��6H�KRXYHVVH�XPD�RSomR�
SDUD�DSHQDV�R�,WHP�,,�FRUUHWR�HVVD�TXHVWmR�VHULD�EDVWDQWH�FRQWHVWDGD��&RPR�
QmR�KDYLD��p�SRVVtYHO�LQWHUSUHWDU�TXH�HVVH�LWHP�TXLV�GL]HU�VLPSOHVPHQWH�TXH�R�
SODQHMDPHQWR� HVWUDWpJLFR� DFRQWHFH� D� SDUWLU� GH� WUrV� FRLVDV� FRQVLGHUDGDV� HP�
FRQMXQWR��D�YLVmR�GH�IXWXUR��R�DPELHQWH�LQWHUQR�H�R�DPELHQWH�H[WHUQR���R�TXH�
SRGH�VHU�LQWHUSUHWDGR�FRPR�FRUUHWR�VHP�PDLRUHV�SUREOHPDV��
$VVLP��,,�H�,,,�HVWmR�FRUUHWDV��
*$%$5,72��%�
�
���� �(6$)�07XU�$7$������� 2� &RQWUROH� p� FODVVLILFDGR� QD�
OLWHUDWXUD� jV� YH]HV� FRPR� IXQomR� H� jV� YH]HV� FRPR�
VLVWHPD��1R� FDVR�GD�$GPLQLVWUDomR�� p� FODVVLILFDGR� FRPR�
)XQomR� $GPLQLVWUDWLYD�� MXQWDPHQWH� FRP� DV� GHPDLV��
3ODQHMDPHQWR�� 2UJDQL]DomR� H� 'LUHomR�� $QDOLVH� DV�
DILUPDWLYDV�DEDL[R�H�VHOHFLRQH�D�RSomR�FRUUHWD��
D��4XDQGR�D�RUJDQL]DomR�HVWDEHOHFH�SROtWLFDV�H�GLUHWUL]HV��HVWi�
DGRWDQGR�XP�FRQWUROH�RUJDQL]DFLRQDO�TXH�OLPLWD�D�TXDQWLGDGH�GH�
DXWRULGDGH�H[HUFLGD��
E�� 2� FRQWUROH� HVWi� SUHVHQWH� HP� TXDVH� WRGDV� DV� Do}HV�
RUJDQL]DFLRQDLV��PDV�QmR�HP�WRGRV�RV�QtYHLV�LQVWLWXFLRQDLV��SRLV�
VXD� DPSOLWXGH� p� VHPSUH� PLFUR�RULHQWDGD�� YROWDGD� SDUD� FDGD�
RSHUDomR�HP�VHSDUDGR��
F�� 1R� SURFHVVR� GH� FRQWUROH�� QD� DYDOLDomR� GH� GHVHPSHQKR�� DV�
PpWULFDV� H� SDGU}HV� VRPHQWH� VmR� QHFHVViULRV� TXDQGR� QmR� Ki�
FRQKHFLPHQWR�D�UHVSHLWR�GR�SDVVDGR��
G��2� FRQWUROH�TXH� WHP�SRU� REMHWLYR�SDGURQL]DU�D�TXDOLGDGH�GH�
SURGXWRV�H�VHUYLoRV�GLIHUH�GH�WRGRV�RV�GHPDLV�FRQWUROHV�SRU�QmR�
HQYROYHU�WUHLQDPHQWR�GH�SHVVRDO��
H��4XDQGR�XP�FRQWUROH�EXVFD�PHGLU�HILFLrQFLD��EXVFD�PHGLGDV�
TXH� GHYHP� UHIOHWLU� VH� RV� UHVXOWDGRV� GHVHMDGRV� HVWmR� VHQGR�
DWLQJLGRV��
&RPHQWiULR��
9HMDPRV�FDGD�XPD�GDV�DOWHUQDWLYDV�VREUH�FRQWUROH��
D�� &HUWR��'H� IDWR�� GHVFULo}HV� GH� FDUJRV�� GLUHWUL]HV�� SROtWLFDV�� UHJUDV��
UHJXODPHQWRV� H� VLVWHPDV� GH� FRQWUROH� EXVFDP� D� OLPLWDomR� GD� TXDQWLGDGH� GH�
DXWRULGDGH��
E��(UUDGR��2�FRQWUROH�HVWi�HP�WRGRV�RV�QtYHLV�VLP��HVWUDWpJLFR��WiWLFR�
H�RSHUDFLRQDO��
F��(UUDGR��$OWHUQDWLYD�PDLV�LQWHUSUHWDWLYD��$�DYDOLDomR�GH�GHVHPSHQKR�
XVD�PHGLGDV�H�SDGU}HV�TXH�VmR�QHFHVViULDV��PHVPR�TXH�VH�WHQKD�GDGRV�VREUH�
R�SDVVDGR��
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
G�� (UUDGR�� 2� FRQWUROH� SUHVVXS}H� D� DomR� FRUUHWLYD�� SRU� LVVR� R�
WUHLQDPHQWR�GH�SHVVRDO�SRGHUi�HVWDU�HQYROYLGR��
H�� (UUDGR�� (ILFLrQFLD� HVWi� OLJDGD� DR� PHOKRU� XVR� GRV� UHFXUVRV�� H� QmR�
DRV�UHVXOWDGRV�DWLQJLGRV��TXH�VHULD�R�FDVR�GD�HILFiFLD���
*$%$5,72��$��
�
���� �,$'(6�&21$%�$GPLQLVWUDomR�������2�SODQHMDPHQWR�
RUJDQL]DFLRQDO�HVWDEHOHFH�DV�GLUHWUL]HV�GD�LQVWLWXLomR��RV�
REMHWLYRV� H� DV� PHWDV�� 'H� DFRUGR� FRP� D� WHRULD� GD�
DGPLQLVWUDomR��p�FRUUHWR�DILUPDU�TXH�R�SODQHMDPHQWR�
�$�� WHP� FRPR� SULQFLSDO� GHFRUUrQFLD� D� SHVTXLVD� GH� FDPSR�
UHDOL]DGD��
�%��VXEPHWH�VH�DRV�SODQHMDPHQWRV�HVSHFtILFRV�GH�FDGD�iUHD�GD�
RUJDQL]DomR��
�&�� p� FRQVWLWXtGR� GD� GHILQLomR� GRV� REMHWLYRV� H� GD� DQiOLVH� GD�
VLWXDomR�DWXDO��
�'��GHYH�VHU�HODERUDGR�SRU�XPD�HTXLSH�H[WHUQD��VHP�TXDOTXHU�
HQYROYLPHQWR� GH� SHVVRDV� GH� GHQWUR� GD� RUJDQL]DomR�� SDUD� QmR�
LQIOXHQFLDU�D�GHILQLomR�GRV�REMHWLYRV��
�(��DSUHVHQWD�FRPR�SULQFLSDO�GHFRUUrQFLD�R�HVWDEHOHFLPHQWR�GRV�
SODQRV�� SRLV� HOHV� IDFLOLWDP� R� DOFDQFH� GH� PHWDV� H� REMHWLYRV� H�
IXQFLRQDP�FRPR�JXLDV�SDUD�DVVHJXUDU�RV�VHJXLQWHV�DVSHFWRV��D�
GHILQLomR� GH� UHFXUVRV�� D� LQWHJUDomR� GH� REMHWLYRV� D� VHUHP�
DOFDQoDGRV��D�LQWHJUDomR�GDV�HTXLSHV��H��R�PRQLWRUDPHQWR�H�D�
DYDOLDomR�GR�SURFHVVR��
&RPHQWiULR��
4XHVWmR�DPSODPHQWH�VXEMHWLYD��9HMDPRV��
$��(UUDGD��$�SULQFLSDO�GHFRUUrQFLD� GR�SODQHMDPHQWR�p�XPD�SHVTXLVD�
GH�FDPSR"�1mR��6mR�RV�SODQRV�UHDOL]DGRV��
%�� (UUDGD�� 2� SODQHMDPHQWR� VH� VXEPHWH� DR� SODQHMDPHQWR"� 4XH�
HVTXLVLWLFH��
&�� (UUDGD�� 2EMHWLYRV� H� DQiOLVH� GD� VLWXDomR� DWXDO� VmR� SDUWH� GR�
SODQHMDPHQWR�� PDV� QmR� VmR� VXD� ³FRQVWLWXLomR´�� HP� RXWUDV� SDODYUDV�� QmR�
FRQVWLWXHP�³R�WRGR´�GR�SODQHMDPHQWR��
'�� (UUDGD�� 1mR� WHP� QHQKXP� VHQWLGR� TXH� R� SODQHMDPHQWR� WHQKD� D�
REULJDomR�GH�VHU� IHLWD�SRU�SHVVRDV�GH� IRUD��$R�FRQWUiULR�� ID]�VHQWLGR�TXH�HOH�
VHMD�IHLWR�SRU�SHVVRDV�GD�SUySULD�RUJDQL]DomR��
(��&HUWD��$�SULQFLSDO�GHFRUUrQFLD�GR�SODQHMDPHQWR�VmR�RV�SODQRV�SDUD�
DOFDQFH�GH�REMHWLYRV�H�PHWDV�HP�UHODomR�DRV�YiULRV�DVSHFWRV�GD�RUJDQL]DomR��
*$%$5,72��(��
�
���� �,$'(6�&21$%�$VVLVWHQWH� $GPLQLVWUDWLYR������� 2�
SURFHVVR� DGPLQLVWUDWLYR� TXH� SURSRUFLRQD� VXVWHQWDomR�
PHWRGROyJLFD�SDUD�VH�HVWDEHOHFHU�D�PHOKRU�GLUHomR�D�VHU�
VHJXLGD� SHOD� HPSUHVD�� YLVDQGR� DR� RWLPL]DGR� JUDX� GH�
56506759100
56506759100 - sandra luiza fonseca
�ĚŵŝŶŝƐƚƌĂĕĆŽ� ?ƚſƉŝĐŽƐ� ?�Ă� ? ?�Ɖ ?�DWh� ?dĠĐŶŝĐŽ� ?��Ěŵ ?�
�dĞŽƌŝĂ�Ğ��džĞƌĐşĐŝŽƐ� ?ĐŽŵ�ǀŝĚĞŽĂƵůĂƐ ?�
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ?��ƵůĂ� ? ?�
�
� � � �
WƌŽĨ ?��ĂƌůŽƐ�yĂǀŝĞƌ� ǁǁǁ ?ĞƐƚƌĂƚĞŐŝĂĐŽŶĐƵƌƐŽƐ ?ĐŽŵ ?ďƌ���������������������������� WĄŐŝŶĂ� ? ?�ĚĞ� ? ?�
LQWHUDomR�FRP�R�DPELHQWH�H�DWXDQGR�GH�IRUPD�LQRYDGRUD�
H�GLIHUHQFLDGD��p�FKDPDGR�GH�
�$��SODQHMDPHQWR�RSHUDFLRQDO��
�%��PDWUL]�GH�FDXVD�H�HIHLWR��
�&��SODQHMDPHQWR�WiWLFR��
�'��MXVW�LQ�WLPH��
�(��SODQHMDPHQWR�HVWUDWpJLFR��
&RPHQWiULR��
$V� IXQo}HV� GR� SURFHVVR� DGPLQLVWUDWLYR� VmR� R� SODQHMDPHQWR��
RUJDQL]DomR�� GLUHomR� H� FRQWUROH�� $� ~QLFD� IXQomR� TXH� GL]� UHVSHLWR� jV� GHFLV}HV�
VREUH�R�IXWXUR�p�R�SODQHMDPHQWR��
'HQWUR� GR� SODQHMDPHQWR�� R� HVWUDWpJLFR� GL]� UHVSHLWR� j� RUJDQL]DomR�
FRPR�XP�WRGR�QD�UHODomR�FRP�R�DPELHQWH�QR�ORQJR�SUD]R��R�WiWLFR�GL]�UHVSHLWR�
jV�iUHDV�IXQFLRQDLV�H�R�RSHUDFLRQDO�jV�WDUHIDV�GHVHPSHQKDGDV��
&RPR� D� TXHVWmR� IDOD� GD� RUJDQL]DomR� FRPR� XP� WRGR� QR� DPELHQWH��
WUDWD�VH�GR�SODQHMDPHQWR�HVWUDWpJLFR��
*$%$5,72��(��
�
���� �,$'(6�8)%$�$VVLVWHQWH� $GPLQLVWUDWLYR�������
$VVLQDOH� D� DOWHUQDWLYD� TXH� LQGLFD� R� SODQHMDPHQWR� TXH�
DEUDQJH� FDGD� RSHUDomR� RX� DWLYLGDGH� SURMHWDGD� D� FXUWR�
SUD]R�H�TXH�HQYROYH�XPD�WDUHID�RX�DWLYLGDGH��
�$��(VWUDWpJLFR��
�%��*OREDO��
�&��7iWLFR��
�'��2SHUDFLRQDO�
�(��,QVWLWXFLRQDO��
&RPHQWiULR��
2�SODQHMDPHQWR�GH�FDGD�WDUHID�RSHUDomR�HVSHFtILFD��QR�FXUWR�SUD]R��p�
R�SODQHMDPHQWR�RSHUDFLRQDO��

Outros materiais