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7/21/2019 The Issue is Ownership: Anderson in Dialogue With Myners - Listed (May 2015)
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?2Jdstfc|_prdhn 19;6
7/21/2019 The Issue is Ownership: Anderson in Dialogue With Myners - Listed (May 2015)
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?>_prdhn 19;6|Jdstfc
Sef Cdrfot`rs OekdrYkuj Myhfrs
Sef dssuf ds `whfrsedpDh Sef Cdrfot`rs Oekdr wdte Ckvdc . Khcfrs`h7 Ks `hf `b tef VLs m`st dhfiufhtdkj jfkcfrs `h o`rp`rktf n`vfrhkhof,
Ykuj Myhfrs eks k oekjjfhnf b`r eds pffrs7 wey ekvfht tefdr mkhy rfb`rms pfhftrktfc prkotdof0
Ye`t`nrkpey ay W`f H`rb`jl
Ykuj Myhfrs eks rsum fh`une b`r terff `r b`ur suoofssbuj okrffrs. @hf-tdmf puajdsefr `b Sef Nukrcdkhhfwspkpfr, b`rmfr Odty Mdhdstfr dh tefn`vfrhmfhts hkhof mdhdstry, ourrfht buhc o`mpkhy oekdr khc pkrthfr kswfjj ks oekdr b tef O`urt khc O`uhodj kt tef J`hc`h _oe``j b Fo`h`mdos,efs kh dhfiufhtdkj `utsdcfr we` eks terdvfc dh tef VL fstkajdsemfht wedjfo`htdhudhn t` oekjjfhnf tef stktus qu`, kcv`oktdhn b`r afttfr n`vfrhkhofkhc trkhspkrfhoy. Efrf, J`rc Myhfrs cdsoussfs tef dhfqudtdfs khc cfodfhodfstekt o`hofrh edm m`sttef p`wfr khc rfsp`hsdadjdtdfs `b dhstdtutd`hkj dhvfs-t`rs, khc tef n`vfrhkhof m`vfmfhts jkol `b rfkj suoofssdh o`hvfrsktd`h
wdte n`vfrhkhof fxpfrt khc kcvdsfr Ckvdc Khcfrs`h.
Ykuj MyhfrsYrdmkry r`jfs
Oekdr `b tef O`urt khc O`uhodj, J`hc`h _oe``j `b Fo`h`mdos khc Y`jdtdokj _odfhof< Oekdr khc pkrthfr, Ofvdkh Okpdtkj JJY
Kccdtd`hkj r`jfs
Jdbf Yffr, E`usf b J`rcs, VL pkrjdkmfht< H`h-fxfoutdvf oekdr, Kut`h`m`us Qfsfkroe JJY, Fcfjmkh VL, H`mkc E`jcdhn
Jtc< H`h-fxfoutdvf cdrfot`r, Fo`h ktfr & Y`wfr @pp`rtuhdtdfs pjo, MfnkB`h, QDS Okpdtkj Ykrthfrs pjoB`rmfr r`jfs
N`vfrhmfht khc odvdj s`odfty7Bdhkhodkj _frvdofs _forftkry (Odty Mdhdstfr), EM Srfksury< Mfmafr, Yrdmf Mdhdstfrs
Hktd`hkj Fo`h`mdo O`uhodj< Qfvdfwfr `b Dhstdtutd`hkj Dhvfstmfht b`r EM SrfksuryMyhfrs Yrdhodpjfs h Kssft Mkhknf-
mfht< Dhcfpfhcfht rfvdfwfr khc _fhd`r Dhcfpfhcfht Cdrfot`r, Sef O``pfrktdvf Nr`up< Oekdr, J`w Yky O`mmdssd`h,
Yfrs`hkj Koo`uhts Kute`rdty, Kjj Ykrty Ykrjdkmfhtkry Nr`up h O`rp`rktf N`vfrhkhof
Yrdvktf sfot`r7Yuajdsefr, Sef Nukrcdkh, Sef @asfrvfr< OF@, Nkrtm`rf Dhvfstmfht Mkhknfmfht< Oekdr, Nkrtm`rf Nr`up,
Nukrcdkh Mfcdk Nr`up, Mkrls & _pfhofr Nr`up pjo, Kspfh Dhsurkhof E`jcdhns Jtc.< H`h-fxfoutdvf oekdr, Frmdtknf,
Jkhc _fourdtdfs Nr`up< Cfputy oekdr, Y`wfrNfh< H`h-fxfoutdvf cdrfot`r `r mfmafr, Akhl `b Fhnjkhc, Akhl `b Hfw T`rl, Jkhc
_fourdtdfs Nr`up, Mkrls & _pfhofr Nr`up pjo, Hktd hkj fstmdhstfr Akhl pjo, Yjktb`rm Koqudsdtd h E jcdhns Jtc., Sfjfbhdok
Fur`pf pjo, Sef O`-`pfrktdvf Nr`up Jtc., _yh`vdk Okpdtkj JJY< Fxfoutdvf cdrfot`r, NJN Ykrthfrs Dho., Efhcfrs`h Nj akj Srust pjo
Oekrdtkajf sfrvdof7 Oekdr, Sktf< Srustff, KQL, Njyhcfa`urhf Krts Srust, _mdte Dhstdtutf, Sktf B`uhcktd`h
Kokcfmdo kpp`dhtmfhts
Fxfoutdvf Bfjj`w, J`hc`h Ausdhfss _oe``j< Rdsdtdhn Bfjj`w, Hubfjc O`jjfnf, @xb`rc Vhdvfrsdty
Fcuoktd`h
E`h`urs cfnrff dh Fcuoktd`h< Ofrtdoktf dh Fcuoktd`h, Vhdvfrsdty b J`hc`h
E`h`urs
lO`mmkhcfr `b tef Ardtdse Fmpdrf
lE`h`rkry C`ot`rktf dh Jkw, Vhdvfrsdty b Fxftfr
lE`h`rkry Bfjj`w, Kss`odktd`h `b O`rp`rktf Srfksurfrs
Ourrfht knf
2>
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?4_prdhn 19;6|Jdstfc
Sef Cdrfot`rs OekdrYkuj Myhfrs
Ckvdc Khcfrs`hT uvf koqudrfc tef tdtjfs, dhfiufhof khc wfkjte
kss`odktfc wdte tef Ardtdse fstkajdsemfht, aut y`u wfrfht a`rh
t` dt. C` y`u stdjj bffj jdlf kh utsdcfr0
Ykuj Myhfrs@h tef bkof `b dt, D km k ojfkr mfmafr `b tef fstkajdse-
mfht, afdhn k mfmafr b tef E`usf b J`rcs khc Oekdr b J`hc`h
_oe``j `b Fo`h`mdos khc k b`rmfr oekdr `b Sktf, aut Dm h`t k hktu-
rkj mfmafr b tef VLs nrfkt khc n``c. D spfht tef rst ;1 m`htes
`b jdbf dh k e`mf afb`rf afdhn kc`ptfc dht` k ajuf-o`jjkr bkmdjy br`m
kh ds`jktfc krfk. Fkrjy fxpfrdfhof o`hspdrfc t` mklf mf kh `ut-
sdcfr. Dts ndvfh mf k brffr ekhc. D ksl t`` mkhy kwlwkrc qufstd`hs.
_`mf sky D adtf tef ekhc tekt bfc mf, ks D c`ht ourry bkv`ur, aut D
c` dt wdte k cffp tedrst b`r cfaktf khc cdsoussd`h. Dm rfm`rsfjfssjy
j``ldhn b`r afttfr wkys t` c` tedhns. D c`ht c` wedtfwksefs.
Ckvdc Khcfrs`hT`u krf k wfjj-krmfc kcv`oktf b`r bkdrfr, efkjte-
dfr okpdtkjdsm. T`uvf okjjfc rfpfktfcjy b`r ednefr stkhckrcs
dh o`rp`rktf n`vfrhkhof. ^ekts y`ur vfrcdot `h tef dmpkot
y`uvf ekc0
Ykuj MyhfrsDm h`t surf tefrfs muoe t` se`w b`r tef e`st `b fbb`rts
`b wedoe mdhf ekvf affh aut k smkjj pkrt. Oekhnfs ekvf affh m`rf
supfrodkj tekh suastkhtdvf. N`vfrhkhof o`cfs ekvf affh rfwrdt-
tfh aut krf jkrnfjy m`tefre``c mdssdvfs tekt jkol rfkj fhb`rofkadjdty.
^fvf sffh kh fmfrnfhof `b kh dhfbbfotdvf n`vfrhkhof dhcustry, c`-
n``cfrs rktefr tekh p`wfrbuj knfhts. H`t muoe eks oekhnfc dh tef
fjc b jkw. Sef n`vfrhkhof o`mmuhdty must rffifot ordtdokjjy h wey
rfb`rm eksht pfhftrktfc prkotdof. Kjj `b us must af oekjjfhnfc ks t`
wekt wfvf koedfvfc.
Ckvdc Khcfrs`h ekt fxpjkdhs teds jkol b pr`nrfss0
Ykuj MyhfrsDt o`mfs c`wh t` tef struoturf `b o`rp`rktf `whfrsedp.
Dh tef jkst 69 yfkrs wfvf sffh `whfrsedp brknmfht ks k o`hsfqufhof
`b tef kooumujktd`h b pf`pjfs skvdhns dh jkrnf buhcs t` pr`vdcf b`r
rftdrfmfht khc efkjte. @ur puajdo o`mpkhdfs, `whfc ay tefsf dhvfst-
mfht-mdhcfc buhcs, krf h`w fbbfotdvfjy `whfrjfss o`rp`rktd`hs. ^f
c`ht tkjl ka`ut k hffc b`r n`vfrhkhof dhtfrvfhtd hs dh bkmdjy ausd-
hfssfs khc prdvktf o`mpkhdfs, afokusf tefrfs ojfkrfr kjdnhmfht
aftwffh `whfrs khc n`vfrh`rs, kjafdt mfksurfc dh hkrr`w tfrms `b
sekrfe`jcfr vkjuf. Aut dh puajdo o`mpkhdfs wfvf sffh teds brknmfh-
tktd`h koo`mpkhdfc ay edne p`rtb`jd` cdvfrsdoktd`h, ks p`rtb`jd` mkh-
knfrs sffl t` okpturf
rktefr tekh
. Sef rfsujt ds tekt tef cuodkry
`whfrjkrnf dhstdtutd`hkj dhvfst`rseks dhtfrfsts dh s` mkhy o`mpk-
hdfs dt okht p`ssdajy kot ks k pr`pfr cuodkry. Sefsf dhvfst`rs c`ht
tedhl `b tefmsfjvfs ks `whfrs. O`hsfqufhtjy, tefy krf h`t fqudppfc
`r rfwkrcfc b`r pfrb`rmdhn tef cutdfs b whfrsedp.
Ckvdc Khcfrs`hKs teds sedbt dh whfrsedp struoturf eks fxp`sfc
fikws dh puajdo o`mpkhy n`vfrhkhof, eks tef n`vfrhkhof cfaktf`b tef jkst ?9 yfkrs mdssfc tef mkrl0
Ykuj MyhfrsTfs, tef cfaktf eks mdssfc tef rfjfvkhof `b brknmfhtfc
`whfrsedp `h tef cfodsd`h-mkldhn afekvd`ur `b puajdo o`mpkhdfs.
Dhstfkc `b kccrfssdhn buhc mkhknfmfht o`mpkhdfs, cfaktf eks b`-
ousfc wdtedh tef puajdo o`mpkhy `h tef a`krc khc mkhknfmfht.
Fvfh efrf, wefrf tef cfaktf eks trdfc t` kccrfss tef n`vfrhkhof
wfklhfssfs `b `whfrjfss o`rp`rktd`hs, dt eks b`ousfc m`rf `h a`krc
struoturf tekh `h mfkhdhnbuj kcvkhofmfht dh a`krc prkotdof. ^fvf
sdmpjy h`t b`ousfc fh`une `h tef afekvd`ur `b cdrfot`rs. ^fvf orf-
ktfc rujfs ka`ut a`krc struoturfs khc cfsdnhfc k o`mpjfx sft b dhtfr-
j`oldhn o`mmdttffs, aut pr``b tekt wfvf mdssfc tef mkrl ds teds7 kucdt
khc rfmuhfrktd`h o`mmdttffs ekvf n`ttfh tef kttfhtd`h. Sef h`md-
hktd`h o`mmdttff ds tef m`st dmp`rtkht afokusf dt cftfrmdhfs a`krc
khc o`mmdttff mfmafrsedp khc teus tef afekvd`ur tekt wdjj cfhf
tef o`mpkhy khc dts whfrsedp mdhcsft. Dt eks affh kjm`st t`tkjjy dn-
h`rfc ay n`vfrhkhof fxpfrts.
Ckvdc Khcfrs`h^ekt eks affh tef stumajdhn aj`ol t` k wdcfjy
sekrfc uhcfrstkhcdhn b teds brknmfhtktd`h0
Ykuj MyhfrsSef pr`ajfm ds tefrf eks affh h` rfkj kpprfodktd`h `b
tef hffc t` rfcfhf tef hkturf `b dhstdtutd`hkj dhvfst`r rfsp`hsdadj-
dty. Sefrfs affh k rfjdkhof `h cuodkry prfofcfht, wedoe c`fsht o`pf
kcfquktfjy wdte tef o`mpjfxdtdfs `b mujtdpjf jkyfrs `b knfhts. Fbb`rts
kt rfb`rm dh n`vfrhkhof ekvf rfkjjy affh kh kttfmpt t` kccrfss tef j`ss
`b cdrfot `whfrsedp pfrspfotdvf dh o`rp`rktf cfodsd`hs kt tef a`krc
jfvfj, ay n`kcdhn a`krcs dht` cfvfj`pdhn fbokod`us prkotdofs dh jdfu
`b wekt rfkjjy o`uhtskh whfr kt tef tkajf, r kt jfkst h tef h`mdhk-
td`h o`mmdttff.
Ckvdc Khcfrs`hDb oekhnfs dh `whfrsedp struoturf prfodpdtktfc
`ur oekjjfhnfs, e`w se`ujc whfrsedp af rf-akjkhofc t` afttfr
sudt t`ckys rfkjdtdfs0
Ykuj MyhfrsBrknmfhtfc `whfrsedp jfkcs mf t` o`hojucf wf ekvf
t`` mkhy puajdo o`mpkhdfs. Jkrnf buhcs dh tef VL ekvf afnuh dh-
vfstdhn cdrfotjy dh prdvktf o`mpkhdfs. Dh Okhkck, tef jkrnfst dhstdtu-
td`hkj dhvfst`rs ekvf kjrfkcy cds-dhtfrmfcdktfc tef buhc mkhknfrk
o`mmfhckajf koedfvfmfht. ey se`ujc tefsf buhcs wkht t` dhvfst
dh puajdo o`mpkhdfs wefh dmmfcdktf jdqudcdty ds h`t k rfqudrfmfht
khc tefy bkof k cf bkot` j`wfr rfturh b`r tef kadjdty t` fxdt pr`mptjy0
Sefrf se`ujc af bfwfr puajdo o`mpkhdfs fkoe wdte bkr bfwfr sekrf-
e`jcfrs, tkldhn k j`hnfr-tfrm vdfw khc se`wdhn o`hvdotd`h dh tefdr
p`rtb`jd` o`hstruotd`h.
Ckvdc Khcfrs`hNdvfh y`ur fxpfrdfhof ks oekdr b Ofvdkh, k buhc
mkhknfr, e`w c` y`u kssfss tef okpkodty `b dhstdtutd`hkj dhvfs-
t`rs t` ardhn whfrsedp cdsodpjdhf t` tefdr p`rtb`jd` o`mpkhdfs0
Ykuj MyhfrsD ekvf k sdmpjf terff-pkrt tfst b`r buhc mkhknfmfht `r-
nkhdzktd`hs. Bdrst, e`w wfjj-rfs`urofc ds tef n`vfrhkhof buhotd`h `b
tef buhc, ndvfh tef humafr `b sfourdtdfs efjc0 D rfofhtjy spfht tdmf
wdte k buhc mkhknfmfht nr`up tekt eks dhvfstmfhts dh `vfr 3,999
o`mpkhdfs w`rjcwdcf yft fmpj`ys hjy terff pf`pjf dh dts n`vfrhkhof
nr`up. _fo`hc, krf tef n`vfrhkhof pf`pjf tklfh sfrd`usjy ay tefdr o`j-
jfknufs0 @btfh, n`vfrhkhof pf`pjf krf h`t o`hsujtfc ka`ut dmp`rtkht
dhvfstmfht cfodsd`hs h`r krf tefy prfsfht kt dmp`rtkht cfodsd`h-mkl-
dhn mfftdhns. Sedrc, c` tef n`vfrhkhof pf`pjf ekvf dmmfcdktf khc
cdrfot koofss t` tefdr `wh OD@ `r OF@0 Sypdokjjy tefy c`ht. Knkdhst
tefsf tfsts m`st n`vfrhkhof uhdts dh buhc mkhknfmfht `rnkhdzktd`hsbkjj se`rt. M`st rnkhdzktd`hs krf dhcdbbfrfht t` tef n`vfrhkhof dh tefdr
p`rtb`jd` o`mpkhdfs. Sefrf ds jdttjf `r dhfbbfotdvf prfssurf `h tef pkrt
`b dhstdtutd`hkj dhvfst`rs t` ardhn kh `whfrs cdsodpjdhf t` o`mpkhdfs
vdk tef t``js b n`vfrhkhof.
Ckvdc Khcfrs`hT`u o`htdhuf t` af k ordtdo `b tef buhc mkhknf-
mfht dhcustry. E`w akc okh dt af0
Ykuj MyhfrsSef buhc mkhknfmfht dhcustry tklfs k trdjjd`h c`jjkrs
dh bffs khc rfhts `ut `b tef w`rjc fo`h`my khc dh knnrfnktf cfjdv-
frs jdttjf tekt ds s`odkjjy vkjukajf. Dh s` c`dhn, dt ds kjj`wfc t` fxfr-
7/21/2019 The Issue is Ownership: Anderson in Dialogue With Myners - Listed (May 2015)
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Sef Cdrfot`rs OekdrYkuj Myhfrs
odsf nrfkt p`wfr khc dhfiufhof. Buhc mkhknfrs dhfiufhof cfodsd`hs
`h tef j`oktd`h b dmp`rtkht Q&C bkodjdtdfs khc kttdtucfs t`wkrc dh-
h`vktd`h `r p`jdodfs `h tkx kv`dckhof. Dh s` c`dhn tefy okh cfstr`y
jdvfs khc o`mmuhdtdfs. Buhc mkhknfrs fxfrodsf eunf s`bt p`wfr ay
rfbfrfhof t` k sdmpjf mftrdosekrf prdofwdte`ut khy oekjjfhnf
t` tef wky tefy fxfrodsf tekt p`wfr khc dhfiufhof. Jkrry Bdhl kt
Ajkolr`ol khc sdmdjkr pf`pjf ekvf fxtrk`rcdhkry p`wfrs t` sft tef
t`hf b`r tef wky dh wedoe wf tedhl ka`ut okpdtkj struoturfs khc tef
dssuf `b uhfqukj rfwkrc, aut krf h`t rfqudrfc t` cfbfhc tefdr p`sd-
td`hs `r af koo`uhtkajf. Bdhl eks rdsfh t` teds oekjjfhnf.
Ckvdc Khcfrs`h ekts y`ur agfotd`h t` uhfqukj rfwkrc0
Ykuj MyhfrsSef dhorfksdhnjy dhfqudtkajf cdstrdautd`h `b fmpj`y-
mfht dho`mf ds audjt h k sft b afjdfbs kr`uhc rfwkrcs khc afekvd`urs
wedoe sdmpjy c`ht stkhc up t` fxkmdhktd`h. Sruf t` b`rm, fxfoutdvf
rfmuhfrktd`h btfh dhv`jvfs tef usf b k ourrfhoytef o`mpkhys fq-
udtywedoe ds btfh dhkppr`prdktf, uhcfrvkjufc khc dhfbodfht. Sefrf
ds jdttjf fvdcfhof t` supp`rt tef vdfw tekt, afy`hc k qudtf j`w jfvfj, -
hkhodkj dhofhtdvfs pr`cuotdvfjy dhfiufhof pfrb`rmkhof. Fvdcfhof sun-
nfsts nr`ss dhfqukjdty dh rnkhdzktd`hs ds kjdfh t` tef o`jjfotdvf pursudt
`b o`rp`rktf purp`sf.
Ckvdc Khcfrs`hE`w unet a`krcs t` struoturf fxfoutdvf pky0
Ykuj MyhfrsD ekvf k aksdo rujf tekt db pf`pjf krf pkdc m`rf tekh ;69%
`b te`sf we` rfp`rt t` tefm, k afjj se`ujc rdhn. Kt tef ednefst jfvfjs
`b o`rp`rktd`hs, rfmuhfrktd`h `btfh fxoffcs teds rktd`. Dts k jdtmus
tfst afokusf dts `btfh h`t efkjtey b`r tef `rnkhdzktd`h. ^ey ekvf wf
kjj`wfc teds cdstkhodhn0 Krf wf bkdjdhn t` rforudt n``c pf`pjf j`wfr
c`wh0 Ekvf wf ndvfh t`` muoe p`wfr t` tef oedfb fxfoutdvf0 D tedhl
dts kh knfhoy bkdjurf. Fxfoutdvfs rfkjdzfc tekt tef c``r wks pfh khc db
tefy pusefc tefrf w`ujc af h` rfsdstkhof. Efrf, t``, whfrsedp mkt-
tfrs. Dhstdtutd`hkj dhvfst`rs jdlf t` sff rfwkrc struoturfs rfpjdoktdhn
n`kjs sft b`r buhc mkhknfrs.
Ckvdc Khcfrs`hEks tef mkhhfr dh wedoe buhc mkhknfrs krf
pkdc dhfiufhofc a`te fxfoutdvf pky khc se`rt tfrmdsm dh o`rp`-
rktf cfodsd`h-mkldhn0
Ykuj MyhfrsTfs, k buhc mkhknfr dh tef fhvdr`hmfht b ednejy cdvfrsd-
fc p`rtb`jd`s eks jdmdtfc dhtfrfsts dh tef j`hn-tfrm efkjte `b tef uh-
cfrjydhn o`mpkhy. Sefy krf aut `whfrs `b k tfmp`rkry ojkdm `h tef
o`mpkhy. Sef fiudcdty b tefdr whfrsedp fjfvktfs tef se`rt tfrm vfr
j`hn tfrm. Qfsfkroe se`ws OB@s rfnujkrjy ldjj pr`gfots wdte j`hn-
tfrm p`tfhtdkj tekt w`ujc af cdsruptdvf t` tef se`rt-tfrm fxpfotktd`hs
`b tef mkrlft khc efhof cftrdmfhtkj t` tefdr o`mpfhsktd`h. Sef usf b
sekrfs ks o`mpfhsktd`h b`r fxfoutdvfs eks affh pusefc ay buhc mkh-
knfrs. Sef prfssurf t` fhekhof tef se`rt tfrm kt tef fxpfhsf `b tef
j`hn tfrm ds str`hn.
Ckvdc Khcfrs`hE`w okh `whfrs, a`krcs khc mkhknfmfht t`-
nftefr cfbfkt se`rt tfrmdsm0
Ykuj Myhfrs^f hffc t` rfkssfss khc krtdoujktf k afttfr sfhsf `b o`r-
p`rktf purp`sf. ^f ourrfhtjy cfhf o`rp`rktf purp`sf jkrnfjy dh
tfrms b sekrfe`jcfr vkjuf, ks mfksurfc ay sekrf prdofs. _ekrfe`jcfr
vkjuf ds tef afcr`ol `b e`w wf fxpjkdh `ur pfrb`rmkhof khc rfwkrc
pf`pjf, yft dt eks h`tedhn t` c` wdte purp`sf. fvf fjfvktfc tef hkh-
odkj `whfrs dhtfrfsts t` tef fxojusd`h `b `tefrs. Dr`hdokjjy, teds ds brf-
qufhtjy h`t fvfh dh tefdr dhtfrfsts, ks sekrf prdof ds brfqufhtjy wr`hn
ks kh dhcdokt`r `b vkjuf. Okpdtkj mkrlfts ekvf koedfvfc k rfvfrsf kj-
oefmy, turhdhn j`hn-tfrm okpdtkj dht` se`rt-tfrm< n`jc dht` jfkc.
Ckvdc Khcfrs`h^ey ekvf dhfiufhtdkj dhvfst`r a`cdfs suoe ks
tef Dhtfrhktd`hkj O`rp`rktf N`vfrhkhof Hftw`rl (DONH) h`t
c`hf m`rf t` kccrfss n`vfrhkhof pr`ajfms krdsdhn br`m `wh-
frsedp struoturf0
Ykuj MyhfrsDm a`uhc t` o`hojucf tef DONH ds afsft ay o`hfidot b
dhtfrfst ks khy `tefr trkcf a`cy, khc jdlf mkhy trkcf a`cdfs, tfhcs t`
fhc up spfkldhn t` tef o`hvfrtfc.
Ckvdc Khcfrs`h^efrf se`ujc dhvfst`rs afndh t` ekvf m`rf dh-
fiufhof0
Ykuj MyhfrsDhvfst`rs se`ujc afo`mf dhtfhsfjy dhv`jvfc dh sfjfotdhn
a`krc oekdrs. Sef kpp`dhtmfht `b o`mpkhy oekdrs ds k ednejy p`jdtd-
okj khc strfssbuj fxfrodsf. Dts `btfh c`hf ay tef sfjb-kpp`dhtfc h`md-
hktd`hs o`mmdttff khc bkv`urs dhtfrhkj okhcdcktfs, sfvfrkj `b we`m
g`dhfc tef a`krc dh tef afjdfb tekt tefy ekc affh pr`mdsfc tef oekdr! Dh
my vdfw, dhvfst`rs se`ujc sdt h tef kpp`dhtdhn o`mmdttff. Sekt o`m-
mdttff se`ujc ksl dtsfjb e`w muoe vkjuf dt pjkofs `h dhoumafhoy. D
stkrt br`m teds p`sdtd`h7 pfrsukcf mf wey dt w`ujc h`t af n``c t` ekvf
brfse fyfs khc hfw pfrspfotdvfs, rktefr tekh stkrtdhn wdte tef `tefr
pfrspfotdvf wedoe ds fksdjy krrdvfc kt.
Ckvdc Khcfrs`hOkpkajf cdrfot`rs c`ht kjwkys afekvf wfjj o`jjfo-
tdvfjy. ey c` a`krcs ekvf cdboujty jdvdhn up t` tefdr p`tfhtdkj0
Ykuj Myhfrs f strunnjf t` nft o`hstruotdvf oekjjfhnf h a`krcs. f
wkht mfmafrs `b tef a`krc t` jdstfh khc rfsp`hc rfspfotbujjy, aut
tekts `btfh kh fxousf b`r h`t nfttdhn t` tef efkrt `b tef dssufs. D skt
`h k a`krc wdte k ojfkr pr`t`o`j t` jdmdt y`ur qufstd`hs. T u sdmpjy
wfrf h`t mfkht t` ksl k tedrc qufstd`h h tef skmf suagfot, h pkdh b
ojfkrjy drrdtktdhn tef oekdr. Db tef tedrc qufstd`h se`ujc hfvfr af kslfc,
y`u c`ht nft afhfkte tef vfhffr. Oekdrs must sft tef t`hf b`r tef typf
`b oujturf khc afekvd`ur wf wkht t` sff.
Ckvdc Khcfrs`hC` y`u sff khy ardnet sp`ts dh ourrfht n`vfr-
hkhof prkotdof0
Ykuj Myhfrs@hf `b tef bfw kcvkhofs eks affh tef a`krc fbbfotdvf-
hfss rfvdfw. efh c`hf wfjj, dt okh pr`vdcf k hfofsskry rffifotd`h h k
a`krcs o`mp`sdtd`h, pfrb`rmkhof khc prd`rdtdfs. Dts k ednejy spfodkj-
dzfc fjc tekt se`ujcht af c`hf ks k c``r pfhfr ay efkceuhtfrs, jkw
rms `r koo`uhtdhn rms. Vhjdlf dh tef VL, dh tef H`rcdo m`cfj dh-
vfst`rs mklf up tef h`mdhktd`h o`mmdttff, kpp`dht tef a`krc fvkju-
kt`r khc sff tef rfsujts. Ks suoe, tefsf dhvfst`rs uhcfrstkhc tef hffcs
khc oujturf b tef a`krc khc h`mdhktf cdrfot`rs koo`rcdhnjy. Dh tef
VL, wf krf t`jc we` okrrdfc `ut tef a`krc rfvdfw aut c` h`t lh`w db
tef rfvdfw wks pfrb`rmfc wfjj, tef rfsujts wfrf n``c r akc, r wektmfkhdhnbuj kotd`h eks affh tklfh. _ekrdhn rfvdfw ednejdnets w`ujc
afndh t` rfo`hhfot whfrs wdte tefdr o`mpkhdfs.
Ckvdc . Khcfrs h, MAK, YeC, DOC.C ds prfsdcfht b Sef
Khcfrs`h N`vfrhkhof Nr up dh S r ht , kh dhcfpfhcfht
kcvds`ry rm cfcdoktfc t kssdstdhn a`krcs khc mkhknf-
mfht tfkms fhekhof jfkcfrsedp pfrb`rmkhof. Ef kcvdsfs
cdrfot`rs, fxfoutdvfs, dhvfst`rs khc rfnujkt`rs aksfc
`h eds dhtfrhktd`hkj rfsfkroe khc prkotdof. F-mkdj7
ckvdc.khcfrs`hItknnrk.o`m. ^fa7 www.tknnrk.o`m