Professional Documents
Culture Documents
7KHQHZFRQFHSWRI³QDWLRQDOLQWHOOLJHQFH´FRGLILHGE\WKH,QWHOOLJHQFH
5HIRUPDQG7HUURULVP3UHYHQWLRQ$FWSDVVHGE\&RQJUHVVLQKDVLWV
RULJLQVLQWKHWUDJHG\RI6HSWHPEHUDQG3UHVLGHQW%XVK¶V1DWLRQDO
6HFXULW\6WUDWHJ\RIWKH8QLWHG6WDWHVRI$PHULFD7KH3UHVLGHQWVLJQHGWKH
QHZODZZLWKWKHH[SHFWDWLRQWKDW³RXUYDVWLQWHOOLJHQFHHQWHUSULVHZLOO
EHFRPHPRUHXQLILHGFRRUGLQDWHGDQGHIIHFWLYH´2XUFKDUJHLVFOHDU
,QWHJUDWHWKHGRPHVWLFDQGIRUHLJQGLPHQVLRQVRI86LQWHOOLJHQFHVRWKDW
WKHUHDUHQRJDSVLQRXUXQGHUVWDQGLQJRIWKUHDWVWRRXUQDWLRQDOVHFXULW\
%ULQJPRUHGHSWKDQGDFFXUDF\WRLQWHOOLJHQFHDQDO\VLVDQG
(QVXUHWKDW86LQWHOOLJHQFHUHVRXUFHVJHQHUDWHIXWXUHFDSDELOLWLHVDVZHOO
DVSUHVHQWUHVXOWV
,PSOLFLWLQHDFKRIWKHVHWDVNVLVWKHDVVXPSWLRQWKDWWKLVQHZDSSURDFKWR
³QDWLRQDOLQWHOOLJHQFH´UHSUHVHQWVDIDUUHDFKLQJUHIRUPRISUHYLRXV
LQWHOOLJHQFHSUDFWLFHVDQGDUUDQJHPHQWV1DWLRQDOLQWHOOLJHQFHPXVWEH
FROODERUDWLYHSHQHWUDWLQJREMHFWLYHDQGIDUVLJKWHG,WPXVWUHFRJQL]HWKDWLWV
YDULRXVLQVWLWXWLRQDOFXOWXUHVGHYHORSHGDVWKH\GLGIRUJRRGUHDVRQVZKLOH
DFFHSWLQJWKHIDFWWKDWDOOFXOWXUHVHLWKHUHYROYHRUH[SLUHDQGWKHWLPHKDV
FRPHIRURXUGRPHVWLFDQGIRUHLJQLQWHOOLJHQFHFXOWXUHVWRJURZVWURQJHUE\
JURZLQJWRJHWKHU
86QDWLRQDOLQWHOOLJHQFHPXVWEHWDLORUHGWRWKHWKUHDWVRIWKHVWFHQWXU\
ZKLFKVHOGRPFRQIRUPWRWKHWUDGLWLRQDOSURILOHVRIKRVWLOHVWDWHVDQGDOOLDQFHV
$GYHUVDULDOVWDWHVKDYHOHDUQHGWRPDVNWKHLULQWHQWLRQVDQGFDSDELOLWLHVZKLOH 7KLVQHZDSSURDFKWR
WHUURULVWVDQGRWKHUQRQVWDWHDFWRUVXVHFRPPRQSODFHWHFKQRORJLHVWRERRVW ³QDWLRQDO
WKHLUVWULNLQJSRZHUDQGHQKDQFHWKHLUHOXVLYHQHVV LQWHOOLJHQFH´
UHSUHVHQWVDIDU
UHDFKLQJUHIRUPRI
7KHILUVWRUGHURIEXVLQHVVIRU86QDWLRQDOLQWHOOLJHQFHWKHUHIRUHLVWRLQIRUP
SUHYLRXVLQWHOOLJHQFH
DQGZDUQWKH3UHVLGHQWWKH&DELQHWWKH&RQJUHVVWKH-RLQW&KLHIVRI6WDIIDQG
SUDFWLFHVDQG
FRPPDQGHUVLQWKHILHOGGRPHVWLFODZHQIRUFHPHQWDQGKRPHODQGVHFXULW\
DUUDQJHPHQWV
DXWKRULWLHVLQWKHKHDUWODQGDQGRXULQWHUQDWLRQDODOOLHV,QWKLVVHQVHDV
3UHVLGHQW%XVKKDVVDLGLQWHOOLJHQFHLV$PHULFD¶VILUVWOLQHRIGHIHQVHLQ
VHUYLFHWRRXUSHRSOHRXULQWHUHVWVRXUYDOXHVDQGRXU&RQVWLWXWLRQ%XWHYHQ
WKRXJKWKHIXWXUHKROGVGDQJHURXVFKDOOHQJHVERWKZLWKLQRXUERUGHUVDQG
EH\RQGLWDOVRSUHVHQWVXVZLWKRSSRUWXQLWLHVWRVXSSRUWWKHVSUHDGRIIUHHGRP
KXPDQULJKWVHFRQRPLFJURZWKDQGILQDQFLDOVWDELOLW\DQGWKHUXOHRIODZ:H
PXVWLGHQWLI\WKHVHRSSRUWXQLWLHVIRUGHPRFUDWLFWUDQVIRUPDWLRQEHFDXVH
1
DXWRFUDWLFDQGIDLOHGVWDWHVDUHEUHHGLQJJURXQGVRILQWHUQDWLRQDOLQVWDELOLW\
YLROHQFHDQGPLVHU\)RU86QDWLRQDOVHFXULW\GHPRFUDF\LVWKHVWRXWHVWSLOODU
7KLVVWUDWHJ\WKHUHIRUH RIVXSSRUW,QWHOOLJHQFHFDQDQGVKRXOGEHXVHGWRDLGGLSORPDF\LQIOXHQFH
DFFHSWVULVNDV SRWHQWLDODGYHUVDULHVSULRUWRFULVHVKHOSPDNHZDUDQLQVWUXPHQWRIODVWUHVRUW
LQWHOOLJHQFH¶VQDWXUDO DQGHQVXUHYLFWRU\LQWKHHYHQWWKDWFRQIOLFWLVXQDYRLGDEOH
DQGSHUPDQHQWILHOGRI
DFWLRQDQGLVEDVHGRQ $WLWVFRUHWKLV1DWLRQDO,QWHOOLJHQFH6WUDWHJ\FDSLWDOL]HVRQWKHH[WUDRUGLQDU\
WKHSURSRVLWLRQWKDWWR WDOHQWVDQGSDWULRWLVPRI$PHULFD¶VGLYHUVHLQWHOOLJHQFHSURIHVVLRQDOVWKRVH
SUHVHUYHRXUVHFXULW\ VHUYLQJWRGD\DQGWKRVHMRLQLQJXVWRPRUURZ7KLVVWUDWHJ\DOVRUHOLHVRQRXU
LQDGDQJHURXV QDWLRQ¶VWUDGLWLRQRIWHDPZRUNDQGWHFKQRORJLFDOLQQRYDWLRQWRLQWHJUDWHWKH
FHQWXU\YLJLODQFHLV ZRUNRIRXUGLVWLQFWFRPSRQHQWVLQWRFROODERUDWLYHVXFFHVV,WVHWVIRUWKWZR
QRWHQRXJK NLQGVRIVWUDWHJLFREMHFWLYHV²PLVVLRQDQGHQWHUSULVH²DQGFDOOVIRUSODQVWKDW
UHFRJQL]HHDFK,QWHOOLJHQFH&RPPXQLW\PHPEHU¶VFRUHVWUHQJWKVDQG
FRPSHWHQFLHVDQGDUHZULWWHQLQFRQVXOWDWLRQZLWKWKHUHOHYDQWGHSDUWPHQWVDQG
DJHQFLHV)LQDOO\LWVWDWHVWKHLPSRUWDQFHRILQVWLWXWLQJPHWKRGVRIVHOI
HYDOXDWLRQWRHQVXUHWKDWWKH,QWHOOLJHQFH&RPPXQLW\PHHWVGHFLVLRQPDNHUV¶
QHHGVDQGXSKROGVWKHUXOHRIODZ7KHHPSKDVLVSODFHGKHUHRQQDWLRQDO
LQWHOOLJHQFHUHIOHFWVDFKDQJHLQWKHWKUHDWVZHIDFHDVDQDWLRQQRWDFKDQJHLQ
RXUFRPPLWPHQWWRFLYLOOLEHUWLHVDQGIUHHGRP
$VWUDWHJ\LVDVWDWHPHQWRIIXQGDPHQWDOYDOXHVKLJKHVWSULRULWLHVDQG
RULHQWDWLRQWRZDUGWKHIXWXUHEXWLWLVDQDFWLRQGRFXPHQWDVZHOO)RU86
QDWLRQDOLQWHOOLJHQFHWKHWLPHIRUFKDQJHLVQRZ7KHUHDUHQRHDV\DQVZHUVWR
WKHULVNVFRQWHPSODWHGKHUHRUWKHULVNVWKDWPLJKWHPHUJH7KLVVWUDWHJ\
WKHUHIRUHDFFHSWVULVNDVLQWHOOLJHQFH¶VQDWXUDODQGSHUPDQHQWILHOGRIDFWLRQ
DQGLVEDVHGRQWKHSURSRVLWLRQWKDWWRSUHVHUYHRXUVHFXULW\LQDGDQJHURXV
FHQWXU\YLJLODQFHLVQRWHQRXJK86QDWLRQDOLQWHOOLJHQFHPXVWGRPRUH
-RKQ'1HJURSRQWH
'LUHFWRURI1DWLRQDO,QWHOOLJHQFH
2
The National Intelligence Strategy
of the United States of America
2XU9LVLRQ²:KDWZHZLOOEHFRPH
$XQLILHGHQWHUSULVHRILQQRYDWLYHLQWHOOLJHQFHSURIHVVLRQDOVZKRVHFRPPRQ
SXUSRVHLQGHIHQGLQJ$PHULFDQOLYHVDQGLQWHUHVWVDQGDGYDQFLQJ$PHULFDQ
YDOXHVGUDZVVWUHQJWKIURPRXUGHPRFUDWLFLQVWLWXWLRQVGLYHUVLW\DQG
LQWHOOHFWXDODQGWHFKQRORJLFDOSURZHVV
2XU0LVVLRQ²:KDWZHPXVWGR
&ROOHFWDQDO\]HDQGGLVVHPLQDWHDFFXUDWHWLPHO\DQGREMHFWLYH
LQWHOOLJHQFHLQGHSHQGHQWRISROLWLFDOFRQVLGHUDWLRQVWRWKH3UHVLGHQWDQG 2XUVWUDWHJ\LVWR
DOOZKRPDNHDQGLPSOHPHQW86QDWLRQDOVHFXULW\SROLF\ILJKWRXUZDUV LQWHJUDWHWKURXJK
SURWHFWRXUQDWLRQDQGHQIRUFHRXUODZV LQWHOOLJHQFHSROLF\
GRFWULQHDQG
&RQGXFWWKH86JRYHUQPHQW¶VQDWLRQDOLQWHOOLJHQFHSURJUDPDQGVSHFLDO WHFKQRORJ\WKH
DFWLYLWLHVDVGLUHFWHGE\WKH3UHVLGHQW GLIIHUHQWHQWHUSULVHVRI
WKH,QWHOOLJHQFH
7UDQVIRUPRXUFDSDELOLWLHVLQRUGHUWRVWD\DKHDGRIHYROYLQJWKUHDWVWRWKH &RPPXQLW\
8QLWHG6WDWHVH[SORLWLQJULVNZKLOHUHFRJQL]LQJWKHLPSRVVLELOLW\RI
HOLPLQDWLQJLW
'HSOR\HIIHFWLYHFRXQWHULQWHOOLJHQFHPHDVXUHVWKDWHQKDQFHDQGSURWHFW
RXUDFWLYLWLHVWRHQVXUHWKHLQWHJULW\RIWKHLQWHOOLJHQFHV\VWHPRXU
WHFKQRORJ\RXUDUPHGIRUFHVDQGRXUJRYHUQPHQW¶VGHFLVLRQSURFHVVHV
3HUIRUPRXUGXWLHVXQGHUODZLQDPDQQHUWKDWUHVSHFWVWKHFLYLOOLEHUWLHV
DQGSULYDF\RIDOO$PHULFDQV
2XU6WUDWHJ\²+RZZHZLOOVXFFHHG
7KHVWDNHVIRU$PHULFDLQWKHVWFHQWXU\GHPDQGWKDWZHEHPRUHDJLOHDQG
UHVRXUFHIXOWKDQRXUDGYHUVDULHV2XUVWUDWHJ\LVWRLQWHJUDWHWKURXJK
LQWHOOLJHQFHSROLF\GRFWULQHDQGWHFKQRORJ\WKHGLIIHUHQWHQWHUSULVHVRIWKH
,QWHOOLJHQFH&RPPXQLW\,WHQFRPSDVVHVFXUUHQWLQWHOOLJHQFHDFWLYLWLHVDVZHOO
DVIXWXUHFDSDELOLWLHVWRHQVXUHWKDWZHDUHPRUHHIIHFWLYHLQWKH\HDUVDKHDG
WKDQZHDUHWRGD\7KHILIWHHQVWUDWHJLFREMHFWLYHVRXWOLQHGLQWKLVVWUDWHJ\FDQ
EHGLIIHUHQWLDWHGDVPLVVLRQREMHFWLYHVDQGHQWHUSULVHREMHFWLYHV
3
0LVVLRQREMHFWLYHVUHODWHWRRXUHIIRUWVWRSUHGLFWSHQHWUDWHDQGSUHHPSW
WKUHDWVWRRXUQDWLRQDOVHFXULW\DQGWRDVVLVWDOOZKRPDNHDQGLPSOHPHQW86
7UDQVIRUPDWLRQRI QDWLRQDOVHFXULW\SROLF\ILJKWRXUZDUVSURWHFWRXUQDWLRQDQGHQIRUFHRXU
WKH,QWHOOLJHQFH ODZVLQWKHLPSOHPHQWDWLRQRIQDWLRQDOSROLF\JRDOV
&RPPXQLW\ZLOO
EHGULYHQE\WKH (QWHUSULVHREMHFWLYHVUHODWHWRRXUFDSDFLW\WRPDLQWDLQFRPSHWLWLYH
GRFWULQDOSULQFLSOH DGYDQWDJHVRYHUVWDWHVDQGIRUFHVWKDWWKUHDWHQWKHVHFXULW\RIRXUQDWLRQ
RILQWHJUDWLRQ
7UDQVIRUPDWLRQRIWKH,QWHOOLJHQFH&RPPXQLW\ZLOOEHGULYHQE\WKHGRFWULQDO
SULQFLSOHRILQWHJUDWLRQ2XUWUDQVIRUPDWLRQZLOOEHFHQWHUHGRQDKLJK
SHUIRUPLQJLQWHOOLJHQFHZRUNIRUFHWKDWLV
5HVXOWVIRFXVHG
&ROODERUDWLYH
%ROG
)XWXUHRULHQWHG
6HOIHYDOXDWLQJ
,QQRYDWLYH
7KHVHVL[FKDUDFWHULVWLFVDUHLQWHUGHSHQGHQWDQGPXWXDOO\UHLQIRUFLQJ7KH\
ZLOOVKDSHRXULQWHUQDOSROLFLHVSURJUDPVLQVWLWXWLRQVDQGWHFKQRORJLHV
6WUDWHJLF2EMHFWLYHV
0LVVLRQ2EMHFWLYHV7RSURYLGHDFFXUDWHDQGWLPHO\LQWHOOLJHQFHDQGFRQGXFW
LQWHOOLJHQFHSURJUDPVDQGDFWLYLWLHVGLUHFWHGE\WKH3UHVLGHQWZHPXVWVXSSRUW
WKHIROORZLQJREMHFWLYHVGUDZQIURPWKH1DWLRQDO6HFXULW\6WUDWHJ\
'HIHDWWHUURULVWVDWKRPHDQGDEURDGE\GLVDUPLQJWKHLURSHUDWLRQDO
FDSDELOLWLHVDQGVHL]LQJWKHLQLWLDWLYHIURPWKHPE\SURPRWLQJWKHJURZWK
RIIUHHGRPDQGGHPRFUDF\
3UHYHQWDQGFRXQWHUWKHVSUHDGRIZHDSRQVRIPDVVGHVWUXFWLRQ
%ROVWHUWKHJURZWKRIGHPRFUDF\DQGVXVWDLQSHDFHIXOGHPRFUDWLFVWDWHV
'HYHORSLQQRYDWLYHZD\VWRSHQHWUDWHDQGDQDO\]HWKHPRVWGLIILFXOW
WDUJHWV
$QWLFLSDWHGHYHORSPHQWVRIVWUDWHJLFFRQFHUQDQGLGHQWLI\RSSRUWXQLWLHVDV
ZHOODVYXOQHUDELOLWLHVIRUGHFLVLRQPDNHUV
4
(QWHUSULVH2EMHFWLYHV7RWUDQVIRUPRXUFDSDELOLWLHVIDVWHUWKDQWKUHDWV
HPHUJHSURWHFWZKDWQHHGVWREHSURWHFWHGDQGSHUIRUPRXUGXWLHVDFFRUGLQJ
WRWKHODZZHPXVW
%XLOGDQLQWHJUDWHGLQWHOOLJHQFHFDSDELOLW\WRDGGUHVVWKUHDWVWRWKH
KRPHODQGFRQVLVWHQWZLWK86ODZVDQGWKHSURWHFWLRQRISULYDF\DQGFLYLO
OLEHUWLHV
6WUHQJWKHQDQDO\WLFH[SHUWLVHPHWKRGVDQGSUDFWLFHVWDSH[SHUWLVH
ZKHUHYHULWUHVLGHVDQGH[SORUHDOWHUQDWLYHDQDO\WLFYLHZV
5HEDODQFHLQWHJUDWHDQGRSWLPL]HFROOHFWLRQFDSDELOLWLHVWRPHHWFXUUHQW
DQGIXWXUHFXVWRPHUDQGDQDO\WLFSULRULWLHV
$WWUDFWHQJDJHDQGXQLI\DQLQQRYDWLYHDQGUHVXOWVIRFXVHG,QWHOOLJHQFH
&RPPXQLW\ZRUNIRUFH
(QVXUHWKDW,QWHOOLJHQFH&RPPXQLW\PHPEHUVDQGFXVWRPHUVFDQDFFHVV
WKHLQWHOOLJHQFHWKH\QHHGZKHQWKH\QHHGLW
(VWDEOLVKQHZDQGVWUHQJWKHQH[LVWLQJIRUHLJQLQWHOOLJHQFHUHODWLRQVKLSVWR
KHOSXVPHHWJOREDOVHFXULW\FKDOOHQJHV
&UHDWHFOHDUXQLIRUPVHFXULW\SUDFWLFHVDQGUXOHVWKDWDOORZXVWRZRUN
WRJHWKHUSURWHFWRXUQDWLRQ¶VVHFUHWVDQGHQDEOHDJJUHVVLYH
FRXQWHULQWHOOLJHQFHDFWLYLWLHV
([SORLWSDWKEUHDNLQJVFLHQWLILFDQGUHVHDUFKDGYDQFHVWKDWZLOOHQDEOHXV
WRPDLQWDLQDQGH[WHQGLQWHOOLJHQFHDGYDQWDJHVDJDLQVWHPHUJLQJWKUHDWV
/HDUQIURPRXUVXFFHVVHVDQGPLVWDNHVWRDQWLFLSDWHDQGEHUHDG\IRUQHZ
FKDOOHQJHV
(OLPLQDWHUHGXQGDQF\DQGSURJUDPVWKDWDGGOLWWOHRUQRYDOXHDQG
UHGLUHFWVDYLQJVWRH[LVWLQJDQGHPHUJLQJQDWLRQDOVHFXULW\SULRULWLHV
5
Strategy Guidance
0LVVLRQ2EMHFWLYHV
'HIHDWWHUURULVWVDWKRPHDQGDEURDGE\GLVDUPLQJWKHLURSHUDWLRQDO
FDSDELOLWLHVDQGVHL]LQJWKHLQLWLDWLYHIURPWKHPE\SURPRWLQJWKHJURZWK
RIIUHHGRPDQGGHPRFUDF\
7KH8QLWHG6WDWHVLVILJKWLQJDZDUDJDLQVWWHUURULQZKLFKRXUILUVWSULRULW\LV
WRLGHQWLI\GLVUXSWDQGGHVWUR\WHUURULVWRUJDQL]DWLRQVRIJOREDOUHDFKDQG
DWWDFNWKHLUOHDGHUVKLSWKHLUFRPPDQGFRQWURODQGFRPPXQLFDWLRQVDQGWKHLU
PDWHULDOVXSSRUWDQGILQDQFHV,QWHOOLJHQFH&RPPXQLW\HIIRUWVWKHUHIRUHPXVW
,QWHJUDWHDQGLQYLJRUDWHDOO86LQWHOOLJHQFHHIIRUWVWRLGHQWLI\DQGGLVUXSW
WHUURULVWRUJDQL]DWLRQVDEURDGDQGZLWKLQ86ERUGHUV
8QFRYHUWHUURULVWSODQVDQGLQWHQWLRQVHVSHFLDOO\WKRVHWKDWPD\LQYROYH
REWDLQLQJRUXVLQJZHDSRQVRIPDVVGHVWUXFWLRQ
'HQ\WHUURULVWVRSHUDWLRQDOKDYHQVDQFWXDU\DQGSROLWLFDOOHJLWLPDF\E\
VXSSRUWLQJGHPRFUDWL]DWLRQDQGWKHUXOHRIODZLQYXOQHUDEOHDUHDV
(QDEOHWKRVHRXWVLGHWKH,QWHOOLJHQFH&RPPXQLW\ZLWKYDOXDEOH
FRXQWHUWHUURULVPLQIRUPDWLRQVXFKDVSROLFHFRUUHFWLRQVRIILFHUVDQG
ERUGHUSDWURORIILFHUVWRFRQWULEXWHWRWKHQDWLRQDOFRXQWHUWHUURULVPHIIRUW
7KH'LUHFWRURIWKH1DWLRQDO&RXQWHUWHUURULVP&HQWHUZLOOGHYHORSD
FRPSUHKHQVLYHQDWLRQDOLQWHOOLJHQFHSODQIRUVXSSRUWLQJWKHQDWLRQ¶VZDURQ
WHUURU7KHSODQZLOOLGHQWLI\WKHUROHVDQGUHVSRQVLELOLWLHVRIHDFKPHPEHURI
WKH,QWHOOLJHQFH&RPPXQLW\LQYROYHGLQVXSSRUWLQJRXUQDWLRQDO
FRXQWHUWHUURULVPHIIRUWVLQFOXGLQJWKHLUUHODWLRQVKLSVZLWKODZHQIRUFHPHQW
DQGKRPHODQGVHFXULW\DXWKRULWLHV7he Program Manager, Information
Sharing Environment ,will ensure the information needs of federal, state, local,
and tribal governments and the private sector are identified and satisfied.
6
3UHYHQWDQGFRXQWHUWKHVSUHDGRIZHDSRQVRIPDVVGHVWUXFWLRQ
7KHFRPSUHKHQVLYHVWUDWHJ\RIWKH86JRYHUQPHQWWRFRPEDWZHDSRQVRI
PDVVGHVWUXFWLRQLQFOXGHVSURDFWLYHFRXQWHUSUROLIHUDWLRQHIIRUWVVWUHQJWKHQHG
QRQSUROLIHUDWLRQHIIRUWVWRSUHYHQWURJXHVWDWHVDQGWHUURULVWVIURPDFTXLULQJ
WKHVHWHFKQRORJLHVDQGHIIHFWLYHFRQVHTXHQFHPDQDJHPHQWWRUHVSRQGWRWKH
HIIHFWVRIWKHLUXVH²ZKHWKHUE\WHUURULVWVRUKRVWLOHVWDWHV
$VWKH:0'&RPPLVVLRQVWDWHGLQLWV0DUFKUHSRUW³7KHUHLVQRVLQJOH
VWUDWHJ\WKH,QWHOOLJHQFH&RPPXQLW\FDQSXUVXHWRFRXQWHUWKHµSUROLIHUDWLRQ¶
PHQDFH´5DWKHUHDFKGHVWUXFWLYHFDSDELOLW\²ELRORJLFDOQXFOHDUFKHPLFDO
UDGLRORJLFDORURWKHUZLVH²ZLOOUHTXLUHXQLTXHDQGIRFXVHGDSSURDFKHVWR
FRPEDWLQJWKHLUXVH7RWKLVHQG,QWHOOLJHQFH&RPPXQLW\HIIRUWVPXVW
)RFXVDJJUHVVLYHDQGLQQRYDWLYHFROOHFWLRQWHFKQLTXHVWRFORVHNQRZOHGJH
JDSVUHODWHGWRWKHVHWHFKQRORJLHVDQGDVVRFLDWHGZHDSRQVSURJUDPV
SDUWLFXODUO\LQWKHDUHDRIELRWHUURULVPWRLGHQWLI\WKHPHWKRGVRI
FRQYH\DQFHDQGWRSUHYHQWWKHPIURPUHDFKLQJRXUVKRUHV
5HDFKRXWVLGHWKH,QWHOOLJHQFH&RPPXQLW\IRULQIRUPDWLRQDQGH[SHUWLVH
UHOHYDQWWRWKHVHWHFKQRORJLHV
,QWHJUDWHWKHDQDO\WLFHIIRUWZLWKLQWKH,QWHOOLJHQFH&RPPXQLW\XQGHUWKH
OHDGHUVKLSRIWKH1DWLRQDO&RXQWHU3UROLIHUDWLRQ&HQWHUE\GUDZLQJXSRQ
WKHXQLTXHH[SHUWLVHDQGFRPSDUDWLYHDGYDQWDJHVRIHDFK,QWHOOLJHQFH
&RPPXQLW\RUJDQL]DWLRQ
:RUNFORVHO\ZLWKIRUHLJQLQWHOOLJHQFHVHUYLFHVWRIRUPDFRPPRQ
DVVHVVPHQWRIWKUHDWVDQGGHYHORSHIIHFWLYHRSWLRQVLQUHVSRQVH
(QVXUHWKDWZHDSRQVRIPDVVGHVWUXFWLRQLQWHOOLJHQFHLQIRUPDWLRQLV (DFKGHVWUXFWLYH
FRXSOHGZLWKSURWHFWLYHFRXQWHUPHDVXUHVLQIRUPDWLRQDQGGLVVHPLQDWHGWR FDSDELOLW\ELRORJLFDO
DOOZKRILJKWRXUZDUVSURWHFWRXUQDWLRQDQGHQIRUFHRXUODZV QXFOHDUFKHPLFDO
UDGLRORJLFDORU
RWKHUZLVHZLOO
7KH'LUHFWRURIWKH1DWLRQDO&RXQWHU3UROLIHUDWLRQ&HQWHUZLOOGHYHORSD
UHTXLUHXQLTXHDQG
FRPSUHKHQVLYHQDWLRQDOLQWHOOLJHQFHSODQIRUVXSSRUWLQJWKHQDWLRQ¶VHIIRUWVWR
IRFXVHGDSSURDFKHVWR
SUHYHQWDQGFRXQWHUWKHGHYHORSPHQWDQGSUROLIHUDWLRQRIZHDSRQVRIPDVV
FRPEDWLQJWKHLUXVH
GHVWUXFWLRQ7KHSODQZLOOLGHQWLI\WKHUROHVDQGUHVSRQVLELOLWLHVRIHDFK
PHPEHURIWKH,QWHOOLJHQFH&RPPXQLW\LQFOXGLQJWKHLUUHODWLRQVKLSVZLWKODZ
HQIRUFHPHQWDQGKRPHODQGVHFXULW\DXWKRULWLHV
7
%ROVWHUWKHJURZWKRIGHPRFUDF\DQGVXVWDLQSHDFHIXOGHPRFUDWLF
VWDWHV
:HKDYHOHDUQHGWRRXUSHULOWKDWWKHODFNRIIUHHGRPLQRQHVWDWHHQGDQJHUV
WKHSHDFHDQGIUHHGRPRIRWKHUVDQGWKDWIDLOHGVWDWHVDUHDUHIXJHDQGEUHHGLQJ
JURXQGRIH[WUHPLVP6HOIVXVWDLQLQJGHPRFUDWLFVWDWHVDUHHVVHQWLDOWRZRUOG
SHDFHDQGGHYHORSPHQW
7KH,QWHOOLJHQFH&RPPXQLW\²LWVFROOHFWRUVDQDO\VWVDQGRSHUDWRUV²
WKHUHIRUHPXVW
6XSSRUWGLSORPDWLFDQGPLOLWDU\HIIRUWVLQFOXGLQJSUHDQGSRVWFRQIOLFW
ZKHQLQWHUYHQWLRQLVQHFHVVDU\
)RUJHUHODWLRQVKLSVZLWKQHZDQGLQFLSLHQWGHPRFUDFLHVWKDWFDQKHOSWKHP
VWUHQJWKHQWKHUXOHRIODZDQGZDUGRIIWKUHDWVWRUHSUHVHQWDWLYH
JRYHUQPHQW
3URYLGHSROLF\PDNHUVZLWKDQHQKDQFHGDQDO\WLFIUDPHZRUNIRU
LGHQWLI\LQJERWKWKHWKUHDWVWRDQGRSSRUWXQLWLHVIRUSURPRWLQJGHPRFUDF\
LQFOXGLQJIUHHPDUNHWVDQGHFRQRPLFGHYHORSPHQWDVZHOODVZDUQLQJRI
VWDWHIDLOXUH
7KH'HSXW\'LUHFWRURI1DWLRQDO,QWHOOLJHQFHIRU&XVWRPHU2XWFRPHVZLOO
GHYHORSDSODQWRDFFRPSOLVKWKHVHREMHFWLYHV7KH'HSXW\'LUHFWRURI
1DWLRQDO,QWHOOLJHQFHIRU$QDO\VLVZLOOFRQWULEXWHWRWKDWSODQE\VXUYH\LQJWKH
DQDO\WLFH[SHUWLVHDQGSURGXFWLRQRQGHPRFUDWL]DWLRQDQGVWDWHIDLOXUHDQGWKH
OHYHORI&RPPXQLW\VXSSRUWQRZSURYLGHGWRSROLF\PDNHUVLGHQWLI\LQJ
NQRZOHGJHJDSVDQGZD\VWRDGGUHVVWKHPDQGLPSURYLQJVXSSRUWWRWKRVH
UHVSRQVLEOHIRUPRQLWRULQJDQGDVVLVWLQJSROLWLFDODQGHFRQRPLFGHYHORSPHQW
DQGUHGXFLQJWKHGDQJHURIVWDWHIDLOXUH7KH'HSXW\'LUHFWRURI1DWLRQDO
,QWHOOLJHQFHIRU&ROOHFWLRQZLOOGUDIWDFROOHFWLRQSODQLQFOXGLQJWKHXVHRI
RSHQVRXUFHVUHVSRQVLYHWRWKHLQIRUPDWLRQQHHGVRIWKLVLQWHJUDWHGSODQ
8
'HYHORSLQQRYDWLYHZD\VWRSHQHWUDWHDQGDQDO\]HWKHPRVWGLIILFXOW
WDUJHWV
$PHULFD¶VWRXJKHVWDGYHUVDULHVNQRZDJUHDWGHDODERXWRXULQWHOOLJHQFH
V\VWHPDQGDUHEHFRPLQJEHWWHUDWKLGLQJWKHLULQWHQWLRQVDQGFDSDELOLWLHV
6RPHDUHUXOHGE\FORVHGOHDGHUVKLSFDGUHVDQGSURWHFWHGE\GLVFLSOLQHG
VHFXULW\DQGLQWHOOLJHQFHVHUYLFHV2WKHUVDUHDPRUSKRXVJURXSVRUQHWZRUNV
WKDWPD\VKDUHFRPPRQJRDOVWUDLQLQJDQGPHWKRGVEXWZKLFKRSHUDWH
LQGHSHQGHQWO\7KH,QWHOOLJHQFH&RPPXQLW\QHHGVFDSDELOLWLHVWRSHQHWUDWHWKH
WKLQNLQJRIERWKVHWVRIOHDGHUVE\
0DNLQJWKHEHVWXVHRIDOOVRXUFHLQWHOOLJHQFHLQFOXGLQJIURPRSHQ
VRXUFHVRQWKHPRVWGLIILFXOWWDUJHWV
'HYHORSLQJQHZPHWKRGRORJLHVLQFOXGLQJVSHFLDOL]HGWUDLQLQJDQGFDUHHU
GHYHORSPHQWIRUDQDO\]LQJWKHFDSDELOLWLHVDQGLQWHQWLRQVRIKDUGWDUJHWV
,PSURYLQJKXPDQLQWHOOLJHQFHDQGFRUUHVSRQGLQJWHFKQLFDOLQWHOOLJHQFH
FDSDELOLWLHV
$VVHVVLQJWKHLQWHOOLJHQFHFDSDELOLWLHVDQGDFWLRQVRIRXUDGYHUVDULHVWR
HQVXUHWKDWDQLQVLJKWIXOFRXQWHULQWHOOLJHQFHDQDO\WLFFDSDELOLW\KHOSVWR
SHQHWUDWHKDUGWDUJHWVDQGXQGHUVWDQGWKHLUOHDGHUVKLSFDGUHV
7KH'HSXW\'LUHFWRURI1DWLRQDO,QWHOOLJHQFHIRU&ROOHFWLRQZLOOGHYHORSD
SODQIRULPSURYLQJSHQHWUDWLRQRIKDUGWDUJHWV7KH'HSXW\'LUHFWRURI
1DWLRQDO,QWHOOLJHQFHIRU$QDO\VLVZLOOGHYHORSDSODQWRDVVHVVWKHFXUUHQW
VWDWHRINQRZOHGJHLGHQWLI\DQGFORVHJDSVEROVWHUH[SHUWLVHDQGUHVHDUFKRQ
WKHVHWDUJHWVDQGGHYHORSQHZPHWKRGRORJLHVDJDLQVWWKHP7KH1DWLRQDO
&RXQWHUWHUURULVP&HQWHUDQGWKH1DWLRQDO&RXQWHULQWHOOLJHQFH([HFXWLYHZLOO
GHYLVHSODQVWRHQKDQFHDQDO\VLVRIWHUURUQHWZRUNVDQGIRUHLJQLQWHOOLJHQFH
HVWDEOLVKPHQWVDQGDFWLYLWLHV7KHODWWHUSODQZLOOLQFOXGHDPHDQVWRLQWHJUDWH
FRXQWHULQWHOOLJHQFHZLWKRWKHUVRXUFHVWRFDSLWDOL]HRQRSSRUWXQLWLHVIRU
VWUDWHJLFRIIHQVLYHDFWLYLWLHV
9
$QWLFLSDWHGHYHORSPHQWVRIVWUDWHJLFFRQFHUQDQGLGHQWLI\
RSSRUWXQLWLHVDVZHOODVYXOQHUDELOLWLHVIRUGHFLVLRQPDNHUV
,QDZRUOGLQZKLFKGHYHORSPHQWVDQ\ZKHUHFDQTXLFNO\DIIHFW$PHULFDQ
FLWL]HQVDQGLQWHUHVWVDWKRPHDQGDEURDGWKH,QWHOOLJHQFH&RPPXQLW\PXVW
DOHUWSROLF\PDNHUVWRSUREOHPVEHIRUHWKH\HVFDODWHDQGSURYLGHLQVLJKWVLQWR
WKHLUFDXVHVDQGHIIHFWV$QDO\VLVPXVWGRPRUHWKDQMXVWGHVFULEHZKDWLV
KDSSHQLQJDQGZK\LWPXVWLGHQWLI\DUDQJHRIRSSRUWXQLWLHVIRUDQGOLNHO\
FRQVHTXHQFHVRIGLSORPDWLFPLOLWDU\ODZHQIRUFHPHQWRUKRPHODQGVHFXULW\
DFWLRQ
7RVXSSRUWSROLF\PDNHUVWKH,QWHOOLJHQFH&RPPXQLW\VKRXOGGHYHORSVXVWDLQ
DQGKDYHDFFHVVWRH[SHUWLVHRQHYHU\UHJLRQHYHU\WUDQVQDWLRQDOVHFXULW\
LVVXHDQGHYHU\WKUHDWWRWKH$PHULFDQSHRSOH7KH,QWHOOLJHQFH&RPPXQLW\
ZLOO
,GHQWLI\DQGDQDO\]HSRVVLEOHRSSRUWXQLWLHVDVZHOODVZDUQRISRWHQWLDO
SUREOHPV
3URPRWHGHHSHUFXOWXUDOXQGHUVWDQGLQJEHWWHUODQJXDJHSURILFLHQF\DQG
VFLHQWLILFDQGWHFKQRORJLFDONQRZOHGJHDPRQJSHUVRQQHODWDOOOHYHOV
,GHQWLI\JDSVLQFRYHUDJHDQGZRUNWRFORVHWKHPWKURXJKUHFUXLWPHQW
WUDLQLQJDQGFRQVXOWDWLRQZLWKRXWVLGHH[SHUWLVH
7KH,QWHOOLJHQFH 0DNHDWWHQWLRQWRORQJWHUPDQGVWUDWHJLFDQDO\VLVDSDUWRIHYHU\DQDO\VW¶V
&RPPXQLW\VKRXOG DVVLJQHGUHVSRQVLELOLWLHVWUDLQDQDO\VWVWRDQWLFLSDWHGHYHORSPHQWVOLNHO\
GHYHORSVXVWDLQDQG WRDIIHFW86LQWHUHVWVDQGHQVXUHWKH\DUHDOHUWWRSRVVLELOLWLHVIRUWLPHO\
KDYHDFFHVVWR DFWLRQ
H[SHUWLVHRQHYHU\
UHJLRQHYHU\ 7KH'HSXW\'LUHFWRURI1DWLRQDO,QWHOOLJHQFHIRU$QDO\VLVZLOOHVWDEOLVKD
WUDQVQDWLRQDOVHFXULW\ VWUDWHJLFUHVHDUFKDQGDQDO\VLVXQLWLQWKH1DWLRQDO,QWHOOLJHQFH&RXQFLO
LVVXHDQGHYHU\WKUHDW GHYHORSSURFHGXUHVWRLQYHQWRU\,QWHOOLJHQFH&RPPXQLW\DQDO\WLFFDSDELOLWLHV
WRWKH$PHULFDQ RQDOOUHJLRQVVSHFLILHGWKUHDWVDQGWUDQVQDWLRQDOLVVXHVGHYHORSDSODQWR
SHRSOH
LPSURYHWKHODQJXDJHVNLOOVVFLHQWLILFDQGWHFKQRORJLFDOVNLOOVDQGFXOWXUDO
LQVLJKWRIDQDO\VWVDQGZRUNZLWKWKHDQDO\WLFFRPSRQHQWVRIDOO,QWHOOLJHQFH
&RPPXQLW\DJHQFLHVWRFORVHJDSVIDFLOLWDWHFROODERUDWLRQDQGDFKLHYH
DSSURSULDWHEDODQFHVEHWZHHQORQJWHUPDQGFXUUHQWDQDO\VLV
10
(QWHUSULVH2EMHFWLYHV
%XLOGDQLQWHJUDWHGLQWHOOLJHQFHFDSDELOLW\WRDGGUHVVWKUHDWVWRWKH
KRPHODQGFRQVLVWHQWZLWK86ODZVDQGWKHSURWHFWLRQRISULYDF\DQGFLYLO
OLEHUWLHV
8ELTXLWRXVFRPPXQLFDWLRQVWHFKQRORJ\HDV\LQWHUQDWLRQDOWUDYHODQG
H[WUHPLVWVZLWKWKHUHVRXUFHVDQGWKHLQWHQWWRKDUP$PHULFDQVZKHUHYHUWKH\
PD\UHVLGHIRUFHXVWRUHWKLQNWKHZD\ZHFRQGXFWLQWHOOLJHQFHFROOHFWLRQDW
KRPHDQGLWVUHODWLRQVKLSZLWKWUDGLWLRQDOLQWHOOLJHQFHJDWKHULQJPHWKRGV
DEURDG&RQVLVWHQWZLWKDSSOLFDEOHODZVDQGWKHSURWHFWLRQRIFLYLOOLEHUWLHV
DQGSULYDF\86LQWHOOLJHQFHHOHPHQWVPXVWIRFXVWKHLUFDSDELOLWLHVWRHQVXUH
WKDW
,QWHOOLJHQFHHOHPHQWVLQWKH'HSDUWPHQWVRI-XVWLFHDQG+RPHODQG
6HFXULW\DUHSURSHUO\UHVRXUFHGDQGFORVHO\LQWHJUDWHGZLWKLQWKHODUJHU
,QWHOOLJHQFH&RPPXQLW\
$OO,QWHOOLJHQFH&RPPXQLW\FRPSRQHQWVDVVLVWLQIDFLOLWDWLQJWKH
LQWHJUDWLRQRIFROOHFWLRQDQGDQDO\VLVDJDLQVWWHUURULVWVZHDSRQVRIPDVV
GHVWUXFWLRQDQGRWKHUWKUHDWVWRWKHKRPHODQG
6WDWHORFDODQGWULEDOHQWLWLHVDQGWKHSULYDWHVHFWRUDUHFRQQHFWHGWRRXU
KRPHODQGVHFXULW\DQGLQWHOOLJHQFHHIIRUWV
7KH'HSXW\'LUHFWRURI1DWLRQDO,QWHOOLJHQFHIRU0DQDJHPHQWZLOOGHYHORSD
ILQDQFLDOLQIRUPDWLRQDQGKXPDQUHVRXUFHSODQIRURXULQWHOOLJHQFH
FDSDELOLWLHVWRGHDOZLWKWKUHDWVDWKRPHWKDWHQVXUHVWKHIXOODQGODZIXO
LQWHJUDWLRQRIWKH,QWHOOLJHQFH&RPPXQLW\HOHPHQWVRIWKH'HSDUWPHQWVRI
-XVWLFHDQG+RPHODQG6HFXULW\ZLWKWKHRWKHU&RPPXQLW\HOHPHQWV7KH
3URJUDP0DQDJHU,QIRUPDWLRQ6KDULQJ(QYLURQPHQWLQFRQMXQFWLRQZLWKWKH
&KLHI,QIRUPDWLRQ2IILFHUZLOOGHYHORSDSODQWRIDFLOLWDWHWKHPHDQVIRU
VKDULQJWHUURULVPLQIRUPDWLRQDPRQJDOODSSURSULDWHIHGHUDOVWDWHORFDODQG
WULEDOHQWLWLHVDQGWKHSULYDWHVHFWRU7KH&LYLO/LEHUWLHV3URWHFWLRQ2IILFHU
ZLOOGHYHORSDSODQWRHQVXUHWKDWLPSURYHPHQWVWRWKHVHFDSDELOLWLHVDUH
DFKLHYHGZLWKGXHUHJDUGIRUWKHSULYDF\DQGFLYLOOLEHUWLHVRI$PHULFDQV
11
6WUHQJWKHQDQDO\WLFH[SHUWLVHPHWKRGVDQGSUDFWLFHVWDSH[SHUWLVH
ZKHUHYHULWUHVLGHVDQGH[SORUHDOWHUQDWLYHDQDO\WLFYLHZV
7RDYRLGLQWHOOLJHQFHIDLOXUHVWKHDQDO\WLFMXGJPHQWVSUHVHQWHGWR
SROLF\PDNHUVPXVWEHWKHSURGXFWRIDQHQWHUSULVHWKDWYDOXHVGLIIHULQJ
SHUVSHFWLYHVQXUWXUHVDQGUHZDUGVH[SHUWLVHDQGLVDJLOHDQGLQQRYDWLYHLQWKH
ZD\LWGHSOR\VDQGXWLOL]HVWKDWH[SHUWLVH
7RVWUHQJWKHQDQGVXVWDLQ,QWHOOLJHQFH&RPPXQLW\DQDO\WLFFDSDELOLWLHVDQGWR
HQVXUHWKDWDSSURSULDWHH[SHUWLVHLVEURXJKWWREHDUHIILFLHQWO\DQG
FRQVWUXFWLYHO\WKH,QWHOOLJHQFH&RPPXQLW\PXVW
%XLOGDQGVXVWDLQWKHH[SHUWLVHDQGFDSDFLW\RIWKH,QWHOOLJHQFH
&RPPXQLW\¶VDQDO\VW³FRUSV´OHYHUDJLQJWKHXQLTXHFDSDELOLWLHVRIHDFK
FRPSRQHQWDQGIRVWHULQJFURVVDJHQF\FROODERUDWLRQDWDOOOHYHOV
8WLOL]HH[SHUWLVHIURPRXWVLGHWKH,QWHOOLJHQFH&RPPXQLW\WRLQIRUP
MXGJPHQWVDQGWREROVWHUDUHDVZKHUHNQRZOHGJHLVODFNLQJLQWKH
&RPPXQLW\
,PSURYHDQDO\WLFPHWKRGVDQGSUDFWLFHVDFURVVWKH&RPPXQLW\HQVXULQJ
ULJRUDQGWKHH[SORUDWLRQRIDOWHUQDWLYHDQDO\VLV
7KH'HSXW\'LUHFWRURI1DWLRQDO,QWHOOLJHQFHIRU$QDO\VLVZLOOGHYHORSDSODQ
WRLGHQWLI\H[SHUWLVHLQVLGHDQGRXWVLGHJRYHUQPHQWHVWDEOLVKYLUWXDOWHDPVRI
H[SHUWVDQGLQWHUHVWHGDQDO\VWVIURPDFURVVWKH,QWHOOLJHQFH&RPPXQLW\DQG
86JRYHUQPHQWLPSURYHFRRSHUDWLRQEHWZHHQDQDO\VLVDQGFROOHFWLRQ
LPSURYHDQDO\WLFPHWKRGVDQGSUDFWLFHVDQGHQVXUHDQDO\WLFLQWHJULW\7KH
SODQZLOODOVRDGGUHVVQHZSURFHVVHVWRDOORZWKH2IILFHRIWKH'LUHFWRURI
1DWLRQDO,QWHOOLJHQFHWRPDQDJHNH\LQWHOOLJHQFHLVVXHVLQFOXGLQJ
LQYHQWRU\LQJDQDO\WLFOHDGVDQGDFWLYLWLHVIRUKLJKSULRULW\LVVXHVLGHQWLI\LQJ
NQRZOHGJHJDSVDQGZRUNLQJZLWKFROOHFWLRQPDQDJHUVWRFORVHWKHP
5HEDODQFHLQWHJUDWHDQGRSWLPL]HFROOHFWLRQFDSDELOLWLHVWRPHHW
FXUUHQWDQGIXWXUHFXVWRPHUDQGDQDO\WLFSULRULWLHV
2XUWHFKQLFDOPHDQVRIFROOHFWLQJLQIRUPDWLRQPXVWUHPDLQXQPDWFKHG7KH\
DOORZXVWRDYHUWFRQIOLFWH[SDQGSHDFHDQGZLQZDUV7KHQDWLRQJDLQVZKHQ
RXUWHFKQLFDOV\VWHPVDUHGHYHORSHGIRUPXOWLSOHSXUSRVHVEXWORQJ
GHYHORSPHQWVFKHGXOHVDQGFKDQJLQJUHTXLUHPHQWVXQGHUPLQHRXUDJLOLW\DQG
UHVRXUFHV$FFRUGLQJO\WKH,QWHOOLJHQFH&RPPXQLW\PXVW
12
([SDQGFROOHFWLRQDQGDQDO\VLVIURPRSHQVRXUFHVDQGPDQDJHWKHPDV
LQWHJUDWHGLQWHOOLJHQFHDFWLYLWLHV
(VWDEOLVKDQDWLRQDOFODQGHVWLQHVHUYLFHWRLQWHJUDWHDOOWKHHOHPHQWVRI
KXPDQVRXUFHFROOHFWLRQLQDFFRUGZLWKWKHKLJKHVWWUDGLWLRQVRI
SURIHVVLRQDOLVPDQGLQWHOOHFWXDOSURZHVV
5HEDODQFHWKHWHFKQLFDOFROOHFWLRQDUFKLWHFWXUHWRLPSURYHUHVSRQVLYHQHVV
WRXVHUUHTXLUHPHQWVHQKDQFHIOH[LELOLW\DQGVXUYLYDELOLW\DQGSURYLGH
QHZVRXUFHVDQGPHWKRGVIRUFXUUHQWDQGHPHUJLQJWDUJHWV
([SDQGWKHUHSRUWLQJRILQIRUPDWLRQRILQWHOOLJHQFHYDOXHIURPVWDWHORFDO
DQGWULEDOODZHQIRUFHPHQWHQWLWLHVDQGSULYDWHVHFWRUVWDNHKROGHUV
7KH'HSXW\'LUHFWRURI1DWLRQDO,QWHOOLJHQFHIRU&ROOHFWLRQZLOOGHYHORSD
FRPSUHKHQVLYHSODQIRUDFKLHYLQJDQHZEDODQFHDPRQJRXUYDULRXVFROOHFWLRQ
PHWKRGV²RSHQKXPDQDQGWHFKQLFDOVRXUFHV²ZKLOHWDNLQJDFFRXQWRIWKH
GLIIHULQJOHJDODQGSROLF\IUDPHZRUNIRUFROOHFWLRQZLWKLQWKH8QLWHG6WDWHV
7KHSODQZLOOUHIOHFWWKHFKDQJHGQDWXUHRIWKHWKUHDWVZHIDFHWKHYDVW
RSSRUWXQLWLHVRIWKHLQIRUPDWLRQDJHDQGQHZQRQWUDGLWLRQDOVRXUFHVRI
LQIRUPDWLRQQRZDYDLODEOH7KH)RUHLJQ'HQLDODQG'HFHSWLRQ&RPPLWWHHZLOO
FRPSOHWHDSODQIRUFRXQWHULQJGHQLDODQGGHFHSWLRQSUDFWLFHVGHSOR\HG
DJDLQVWXV
$WWUDFWHQJDJHDQGXQLI\DQLQQRYDWLYHDQGUHVXOWVIRFXVHG
,QWHOOLJHQFH&RPPXQLW\ZRUNIRUFH
7KHFRPSOH[LW\RIWKHFKDOOHQJHVWKH8QLWHG6WDWHVIDFHVLQWKHVWFHQWXU\
ZLOOUHTXLUHWKRVHZKRVHUYHLQWKH,QWHOOLJHQFH&RPPXQLW\ERWKPLOLWDU\DQG
FLYLOLDQWRDSSO\H[SHUWLVHDJDLQVWDZLGHUDQJHRIWKUHDWVDQGWREHFRPH
PRUHDGHSWDQGLQQRYDWLYHLQDFTXLULQJDQDO\]LQJDQGFRPPXQLFDWLQJWKH
NQRZOHGJHWKDWSROLF\PDNHUVQHHG
,QRUGHUWRHQVXUHWKH,QWHOOLJHQFH&RPPXQLW\LVDEOHWRPHHWWKHVH
H[SHFWDWLRQVLWPXVW
5HFUXLWH[FHSWLRQDOLQGLYLGXDOVIURPDGLYHUVHWDOHQWSRROWUDLQDQG
GHYHORSWKHPWRPHHWWKHFKDOOHQJHVWKH\ZLOOIDFHDQGWKHQGHSOR\WKHP
LQZD\VWKDWPD[LPL]HWKHLUWDOHQWVDQGSRWHQWLDO
13
5HZDUGH[SHUWLVHH[FHOOHQFHDQGFRPPLWPHQWWRVHUYLFHSURYLGH
RSSRUWXQLWLHVIRUSURIHVVLRQDOJURZWKDQGOHDGHUVKLSGHYHORSPHQWDQG
HQFRXUDJHLQLWLDWLYHLQQRYDWLRQUHVRXUFHIXOQHVVDQGUHVLOLHQFHDPRQJWKH
(VWDEOLVKSROLFLHVWKDW FLYLOLDQDQGPLOLWDU\PHPEHUVRIWKH,QWHOOLJHQFH&RPPXQLW\DQGWKRVH
UHIOHFWQHHGWRVKDUH ZKROHDGWKHP
YHUVXVQHHGWRNQRZ
IRUDOOGDWDUHPRYLQJ %XLOGDQ,QWHOOLJHQFH&RPPXQLW\ZLGHFXOWXUHWKDWYDOXHVWKHDELOLWLHVRI
WKH³RZQHUVKLS´E\ HDFKRILWVPHPEHUVDQGSURYLGHVWKHPGHYHORSPHQWDORSSRUWXQLWLHV
DJHQF\RILQWHOOLJHQFH DFURVVWKH,QWHOOLJHQFH&RPPXQLW\LQDFFRUGZLWKWKHLUDSWLWXGHVDQG
LQIRUPDWLRQ DVSLUDWLRQV
7KH&KLHI+XPDQ&DSLWDO2IILFHULQSDUWQHUVKLSZLWKWKH&KLHI7UDLQLQJDQG
(GXFDWLRQ2IILFHUZLOOGHYHORSDQ,QWHOOLJHQFH&RPPXQLW\6WUDWHJLF+XPDQ
&DSLWDO3ODQWKDWZLOOHQDEOH&RPPXQLW\HOHPHQWVWRLGHQWLI\PLVVLRQFULWLFDO
KXPDQUHVRXUFHUHTXLUHPHQWVWUDLQGHYHORSDQGSURPRWH&RPPXQLW\
SURIHVVLRQDOVDFFRUGLQJWRULJRURXVFRPSHWHQF\EDVHGVWDQGDUGVVHOHFWD
VHQLRUOHDGHUVKLSFDGUHWKDWSURPRWHVKLJKSHUIRUPDQFHHPSOR\HH
HQJDJHPHQWLQIRUPDWLRQVKDULQJDQGFROODERUDWLRQDQGGHYHORSHYDOXDWLRQ
DQGUHZDUGV\VWHPVWKDWUHLQIRUFHH[FHOOHQFHDPRQJSURIHVVLRQDOVDQGWKRVH
ZKROHDGWKHP
(QVXUHWKDW,QWHOOLJHQFH&RPPXQLW\PHPEHUVDQGFXVWRPHUVFDQ
DFFHVVWKHLQWHOOLJHQFHWKH\QHHGZKHQWKH\QHHGLW
7KH,QWHOOLJHQFH5HIRUPDQG7HUURULVP3UHYHQWLRQ$FWRIGLUHFWHGWKH
'LUHFWRURI1DWLRQDO,QWHOOLJHQFHWR³HQVXUHPD[LPXPDYDLODELOLW\RIDQG
DFFHVVWRLQWHOOLJHQFHLQIRUPDWLRQ´:HPXVWHQVXUHPD[LPXPLQWHURSHUDELOLW\
LQVLGHWKH&RPPXQLW\ZKLOHFUHDWLQJHIIHFWLYHIOH[LEOHOLQNVWRFXVWRPHUV
,QWHOOLJHQFH&RPPXQLW\HIIRUWVPXVW
5HPRYHLPSHGLPHQWVWRLQIRUPDWLRQVKDULQJZLWKLQWKH&RPPXQLW\DQG
HVWDEOLVKSROLFLHVWKDWUHIOHFWQHHGWRVKDUHYHUVXVQHHGWRNQRZIRUDOO
GDWDUHPRYLQJWKH³RZQHUVKLS´E\DJHQF\RILQWHOOLJHQFHLQIRUPDWLRQ
%XLOGDXVHUIULHQGO\V\VWHPWKDWDOORZVFXVWRPHUVWRILQGQHHGHG
LQWHOOLJHQFHDQGDFFHVVLWLPPHGLDWHO\
'HYHORSIOH[LEOHDQGVHFXUHQHWZRUNVDGDSWDEOHWRDUDSLGO\FKDQJLQJ
HQYLURQPHQWDQGFDSDEOHRIJHWWLQJLQWHOOLJHQFHLQDQXQFODVVLILHGIRUPWR
QRQWUDGLWLRQDOFXVWRPHUVVXFKDVVWDWHORFDODQGWULEDOJRYHUQPHQWVDQG
WKHSULYDWHVHFWRU
14
&UHDWHDQLQWHOOLJHQFH³F\EHUFRPPXQLW\´ZKHUHDQDO\VWVFROOHFWRUVDQG
FXVWRPHUVFDQLQWHUDFWVZLIWO\DQGHDVLO\LQFRQVLGHULQJFODVVLILHG
LQIRUPDWLRQ
7KH'HSXW\'LUHFWRURI1DWLRQDO,QWHOOLJHQFHIRU&XVWRPHU2XWFRPHVZLOO
RYHUVHHWKHGHYHORSPHQWRISODQVWRSURYLGHPD[LPXPDFFHVVWRLQWHOOLJHQFH
LQIRUPDWLRQDPRQJ,QWHOOLJHQFH&RPPXQLW\FXVWRPHUVFRQVLVWHQWZLWK
DSSOLFDEOHODZVDQGWKHSURWHFWLRQRIFLYLOOLEHUWLHVDQGSULYDF\7KH3URJUDP
0DQDJHU,QIRUPDWLRQ6KDULQJ(QYLURQPHQWZLOOFUHDWHDSODQWRHQVXUHWKDW
WKH,QIRUPDWLRQ6KDULQJ(QYLURQPHQWSURYLGHVWKHIXQFWLRQDOHTXLYDOHQWRIRU
RWKHUZLVHVXSSRUWVDGHFHQWUDOL]HGGLVWULEXWHGDQGFRRUGLQDWHGHQYLURQPHQW
DVGHVFULEHGLQ6HFWLRQERIWKH,QWHOOLJHQFH5HIRUPDQG7HUURULVP
3UHYHQWLRQ$FWRI7KH&KLHI,QIRUPDWLRQ2IILFHUZLOOGHYHORSDSODQWR
HQVXUHWKDWDFWLYLWLHVDQGSURFXUHPHQWVUHODWLQJWRWKHLQIRUPDWLRQWHFKQRORJ\
LQIUDVWUXFWXUHDQGHQWHUSULVHDUFKLWHFWXUHRIWKH,QWHOOLJHQFH&RPPXQLW\PHHW
WKHQHHGWRVKDUHLQIRUPDWLRQPRUHEURDGO\
(VWDEOLVKQHZDQGVWUHQJWKHQH[LVWLQJIRUHLJQLQWHOOLJHQFH
UHODWLRQVKLSVWRKHOSXVPHHWJOREDOVHFXULW\FKDOOHQJHV
6LQFHRXUPRVWVHULRXVQDWLRQDOVHFXULW\FKDOOHQJHVDUHWUDQVQDWLRQDOWKH
&RPPXQLW\PXVWHQOLVWOLNHPLQGHGQDWLRQVWRH[WHQGRXUUHDFK$VWKH
1DWLRQDO6HFXULW\6WUDWHJ\VWDWHV³QRQDWLRQFDQEXLOGDVDIHUEHWWHUZRUOG
DORQH´7RWKLVHQGZHPXVW
(QJDJHDQGLQYLJRUDWHIULHQGO\IRUHLJQLQWHOOLJHQFHVHUYLFHV¶HIIRUWVWKDW
FRXOGDLGLQWKHLGHQWLILFDWLRQDQGGLVUXSWLRQRIWHUURULVWRUJDQL]DWLRQV
DEURDGDQGZLWKLQ86ERUGHUV
&RRUGLQDWHFORVHO\ZLWKIRUHLJQLQWHOOLJHQFHVHUYLFHVWRLQIRUPDFRPPRQ
DVVHVVPHQWRIWKUHDWVDQGRSWLRQVLQUHVSRQVH
(QVXUHWKDWLQVLJKWVJDLQHGIURPRXUIRUHLJQLQWHOOLJHQFHUHODWLRQVKLSV
LQIRUPLQWHOOLJHQFHMXGJPHQWVDQGGHYHORSHIIHFWLYHRSWLRQVLQUHVSRQVH
7KH'HSXW\'LUHFWRURI1DWLRQDO,QWHOOLJHQFHIRU&XVWRPHU2XWFRPHVZLOO
GLUHFWWKHGHYHORSPHQWRIDVWUDWHJLFSODQRQIRUHLJQLQWHOOLJHQFHUHODWLRQVKLSV
WRHQVXUHWKDWWKHUHODWLRQVKLSVDUHEHLQJDGHTXDWHO\FRRUGLQDWHGDQG
HPSOR\HGWRPHHWQDWLRQDOVHFXULW\WKUHDWV7KLVSODQZLOOLQFOXGHDSURFHVVWR
15
LGHQWLI\H[LVWLQJJDSVDVZHOODVWRGHWHUPLQHLIQHZIRUHLJQLQWHOOLJHQFH
UHODWLRQVKLSVQHHGWREHHVWDEOLVKHGRUH[LVWLQJUHODWLRQVKLSVVWUHQJWKHQHG
&UHDWHFOHDUXQLIRUPVHFXULW\SUDFWLFHVDQGUXOHVWKDWDOORZXVWR
ZRUNWRJHWKHUSURWHFWRXUQDWLRQ¶VVHFUHWVDQGHQDEOHDJJUHVVLYH
FRXQWHULQWHOOLJHQFHDFWLYLWLHV
7KH,QWHOOLJHQFH&RPPXQLW\PXVWGUDPDWLFDOO\FKDQJHWKHEDVLVRILWVVHFXULW\
DQGFRXQWHULQWHOOLJHQFHSROLFLHVLQRUGHUWRUHPDLQHIIHFWLYH:HPXVW
ULJRURXVO\DVVHVVWKUHDWYXOQHUDELOLW\DQGSURWHFWLRQUHTXLUHPHQWVWRIXUWKHU
RYHUDOO&RPPXQLW\REMHFWLYHV,QWHOOLJHQFH&RPPXQLW\HIIRUWVPXVW
5HGHILQHFODVVLILFDWLRQJXLGHOLQHVWRDOORZIRUDODUJHERG\RI³VHQVLWLYH´
LQIRUPDWLRQZLWKIOH[LEOHXVHDQGVKDULQJDUUDQJHPHQWVDQGDVPDOOHU
ERG\RI³UHVWULFWHG´LQIRUPDWLRQDYDLODEOHWRIHZHUSHUVRQQHO
(VWDEOLVKXQLIRUPDQGUHFLSURFDO,QWHOOLJHQFH&RPPXQLW\JXLGDQFHRQ
VHFXULW\LVVXHVRIFRPPRQFRQFHUQLQFOXGLQJDFFHVVWRIDFLOLWLHVDQG
HOHFWURQLFDFFHVVWRV\VWHPVDQGGDWDEDVHV
,QVWLWXWHQHZSURFHGXUHVLQFOXGLQJLQQRYDWLYHVHFXULW\DVVHVVPHQWDQG
UHOLDELOLW\PRQLWRULQJSHUPLWWLQJDJHQFLHVWRH[SHGLWLRXVO\DVVHVV
SHUVRQQHOZLWKSRWHQWLDOYXOQHUDELOLWLHV
(QVXUHWKHYDULRXV,QWHOOLJHQFH&RPPXQLW\HOHPHQWVFRQGXFWLQJ
7KH,QWHOOLJHQFH FRXQWHULQWHOOLJHQFHDFWLYLWLHVDFWDVDFRKHVLYHZKROHWRXQGHUWDNH
&RPPXQLW\PXVW DJJUHVVLYHXQLILHGFRXQWHULQWHOOLJHQFHRSHUDWLRQV
GUDPDWLFDOO\
FKDQJHWKHEDVLVRILWV 7KH'HSXW\'LUHFWRURI1DWLRQDO,QWHOOLJHQFHIRU0DQDJHPHQWZLOOGHYHORSD
VHFXULW\DQG SODQIRUFKDQJLQJSK\VLFDOLQIRUPDWLRQDQGSHUVRQQHOVHFXULW\SROLFLHV
FRXQWHULQWHOOLJHQFH LPSHGLQJWKH,QWHOOLJHQFH&RPPXQLW\¶VDELOLW\WRDFKLHYHLWVPLVVLRQDQG
SROLFLHVLQRUGHUWR
HQWHUSULVHREMHFWLYHV7KH1DWLRQDO&RXQWHULQWHOOLJHQFH([HFXWLYHLQWKHSODQ
UHPDLQHIIHFWLYH
IRULPSOHPHQWLQJWKH1DWLRQDO&RXQWHULQWHOOLJHQFH6WUDWHJ\ZLOOGHVFULEHKRZ
WKH&RPPXQLW\ZLOOXQGHUWDNHDJJUHVVLYHFRXQWHULQWHOOLJHQFHRSHUDWLRQVZLWK
JUHDWHUXQLW\RIHIIRUW7KH&KLHI,QIRUPDWLRQ2IILFHUZLOOGHYHORSDSODQIRU
QHZVHFXULW\SROLFLHVWKDWSURPRWHLQIRUPDWLRQVKDULQJDFURVVWKH,QWHOOLJHQFH
&RPPXQLW\
16
([SORLWSDWKEUHDNLQJVFLHQWLILFDQGUHVHDUFKDGYDQFHVWKDWZLOO
HQDEOHXVWRPDLQWDLQDQGH[WHQGLQWHOOLJHQFHDGYDQWDJHVDJDLQVW
HPHUJLQJWKUHDWV
*OREDOL]DWLRQDQGDFFHOHUDWLQJVFLHQWLILFDQGWHFKQRORJLFDOSURJUHVVWKUHDWHQ
WRHURGHWKH,QWHOOLJHQFH&RPPXQLW\¶VWHFKQLFDOFROOHFWLRQPHDQVWR
XQGHUPLQHRXUDELOLW\WRLGHQWLI\DFFHVVZRUOGFODVVVFLHQWLILFH[SHUWLVHDQGWR
GHJUDGHRXUDELOLW\WRH[SORLWHPHUJLQJWHFKQRORJLFDODGYDQFHV
7KH,QWHOOLJHQFH&RPPXQLW\¶VDELOLW\WRLGHQWLI\DQGOHYHUDJHFXWWLQJHGJH
VFLHQWLILFDQGWHFKQRORJLFDOUHVHDUFKGHSHQGVRQRXUFDSDFLW\WRIRUHFDVW
WHFKQRORJLFDOWUHQGVLQWHUDFWZLWKOHDGLQJUHVHDUFKHUVDQGJDLQHDUO\DFFHVVWR
LQQRYDWLYHFRQFHSWVDQGGHVLJQV7RWKLVHQG,QWHOOLJHQFH&RPPXQLW\HIIRUWV
PXVW
(VWDEOLVKDFHQWUDOO\OHGEXWGHFHQWUDOO\H[HFXWHGSURFHVVIRU
,QWHOOLJHQFH&RPPXQLW\VFLHQWLILFDQGWHFKQRORJLFDODFWLYLWLHV
'HHSHQWHFKQLFDOH[SHUWLVHDQGVWUHQJWKHQDGYDQFHGUHVHDUFKDQG
GHYHORSPHQWSURJUDPVZLWKLQWKHDJHQFLHV
,GHQWLI\KLJKULVNKLJKUHZDUGUHVHDUFKIRUVSHFLDOHPSKDVLVE\WKH2IILFH
RIWKH'LUHFWRURI1DWLRQDO,QWHOOLJHQFHSDUWLFXODUO\LQWKH³ZKLWHVSDFHV´
EHWZHHQYDULRXVDJHQF\HIIRUWV
)RVWHUMRLQWGHYHORSPHQWDPRQJDJHQF\UHVHDUFKHIIRUWVZKHUH
DSSURSULDWH
7KH$VVRFLDWH'LUHFWRURI1DWLRQDO,QWHOOLJHQFHIRU6FLHQFHDQG7HFKQRORJ\
ZLOOGHYHORSDSODQIRUOHDGLQJWKH,QWHOOLJHQFH&RPPXQLW\
VVFLHQFHDQG *OREDOL]DWLRQDQG
WHFKQRORJ\UHVRXUFHVDQGDFWLYLWLHV7KHSODQZLOOLGHQWLI\WKHUROHVDQG DFFHOHUDWLQJVFLHQWLILF
UHVSRQVLELOLWLHVIRUHDFKPHPEHURIWKH,QWHOOLJHQFH&RPPXQLW\HQJDJHGLQ DQGWHFKQRORJLFDO
VFLHQWLILFDQGWHFKQRORJLFDODFWLYLWLHV SURJUHVVWKUHDWHQWR
HURGHWKH,QWHOOLJHQFH
&RPPXQLW\¶V
WHFKQLFDOFROOHFWLRQ
PHDQV
17
/HDUQIURPRXUVXFFHVVHVDQGPLVWDNHVWRDQWLFLSDWHDQGEHUHDG\IRU
QHZFKDOOHQJHV
7KH,QWHOOLJHQFH&RPPXQLW\PXVWFRQWLQXRXVO\LPSURYHLWVDELOLW\WRUHFRUG
DVVHVVDQGOHDUQIURPLWVSHUIRUPDQFHLQSDUWE\HVWDEOLVKLQJPHWULFVWR
PHDVXUHLWVSHUIRUPDQFH7KHSURFHVVRIFRQGXFWLQJSHUIRUPDQFHUHYLHZVDQG
OHDUQLQJIURPERWKVXFFHVVHVDQGIDLOXUHVVKRXOGKHOSLGHQWLI\V\VWHPLF
VKRUWFRPLQJV,QDGGLWLRQWRDVVLPLODWLQJOHVVRQVWKH&RPPXQLW\PXVWDOVR
DVVHVVLWVUHDGLQHVV,QWHOOLJHQFH&RPPXQLW\HIIRUWVPXVW
&UHDWHDOHVVRQVOHDUQHGIXQFWLRQWRDVVHVVWKHHIIHFWLYHQHVVRIWKH
&RPPXQLW\¶VDFWLYLWLHVDVD³V\VWHPRIV\VWHPV´LQVXSSRUWLQJQDWLRQDO
SROLF\JRDOV
(VWDEOLVKDULJRURXVHYDOXDWLRQSURFHVVWKDWGHWHUPLQHVKRZZHOO
LQGLYLGXDOVWUDWHJLFSODQVPHHWWKHLUVWDWHGJRDOVDQGKRZHIIHFWLYHO\WKH\
VXSSRUWWKHUHOHYDQWPLVVLRQDQGHQWHUSULVHREMHFWLYHV
,QFRUSRUDWHLQWRHDFKDJHQF\¶VVWUDWHJLFSODQDUHDGLQHVVFRPSRQHQW
DGGUHVVLQJFULVHVDQGFRQWLQJHQFLHV
&UHDWHDUREXVWFRPPDQGDQGFRQWUROV\VWHPIRUWKH'LUHFWRURI1DWLRQDO
,QWHOOLJHQFH
7KH'HSXW\'LUHFWRURI1DWLRQDO,QWHOOLJHQFHIRU0DQDJHPHQWZLOOGHYHORS
SODQVWRDVVHVVWKH&RPPXQLW\¶VSHUIRUPDQFHDJDLQVWPLVVLRQDQGHQWHUSULVH
REMHFWLYHVHVWDEOLVKD&RPPXQLW\ZLGHOHVVRQVOHDUQHGIXQFWLRQDQGJXLGH
WKHLPSURYHPHQWRIUHDGLQHVVZLWKLQWKHDJHQFLHV7KH&KLHI,QIRUPDWLRQ
2IILFHUZLOOGHYHORSDSODQWRHQVXUHWKHIXQFWLRQLQJRIWKH'LUHFWRURI
1DWLRQDO,QWHOOLJHQFH¶VFRPPDQGDQGFRQWUROV\VWHPLQDOOFRQWLQJHQFLHV
(OLPLQDWHUHGXQGDQF\DQGSURJUDPVWKDWDGGOLWWOHRUQRYDOXHDQG
UHGLUHFWVDYLQJVWRH[LVWLQJDQGHPHUJLQJQDWLRQDOVHFXULW\SULRULWLHV
7KH,QWHOOLJHQFH&RPPXQLW\LVDYDVWHQWHUSULVHZLWKDUHDVRIRYHUODSSLQJ
PLVVLRQVDQGH[SHUWLVH,QVRPHLQVWDQFHVWKHRYHUODSDGGVYDOXHLQRWKHUVLW
FRQVXPHVUHVRXUFHVPRUHDSSURSULDWHO\GLUHFWHGWRWKH,QWHOOLJHQFH
&RPPXQLW\PHPEHUKDYLQJWKHPLVVLRQDWLWVFRUHRUWRHPHUJLQJQDWLRQDO
VHFXULW\WKUHDWV
7KH,QWHOOLJHQFH&RPPXQLW\PXVWPDQDJHLWVUHVRXUFHVE\H[DPLQLQJQDWLRQDO
VHFXULW\SULRULWLHVERWKVKRUWDQGORQJWHUPDQGTXLFNO\DGDSWWRFKDQJHVLQ
18
WKHP7KH&RPPXQLW\PXVWDOVRUHYLVHLWVILQDQFLDOSURFHGXUHVDQGSURFHVVHV
H[LVWLQJEXGJHWUHSRUWVDUHQRWSURYLGLQJWKHOHYHORIFRQVLVWHQF\UHTXLUHGIRU
DSSURSULDWHRYHUVLJKW7RWKLVHQGWKH,QWHOOLJHQFH&RPPXQLW\PXVW
6WDQGDUGL]HV\QFKURQL]HDQGFRRUGLQDWHILQDQFLDOUHSRUWLQJLQRUGHUWR
SURYLGHDFRPSUHKHQVLYHDQGDXGLWDEOHUHFRUGRI&RPPXQLW\
H[SHQGLWXUHV
$VVHVVWKHFXUUHQWSURJUDPGHYHORSPHQWSURFHVVZLWKHPSKDVLVRQ
HYDOXDWLQJKRZSURJUDPVXEPLVVLRQVDUHDOLJQHGDJDLQVWREMHFWLYHV
(OLPLQDWHPLVVLRQDQGSURJUDPUHGXQGDQF\WKDWDGGVOLWWOHRUQRYDOXH
(QGSURJUDPVSURMHFWVWKDWQRORQJHUPHHWQDWLRQDOVHFXULW\SULRULWLHVRU
WKDWGRQRWGHOLYHUDVSURPLVHG
&RQVROLGDWHVLPLODUSURJUDPVDQGPLVVLRQVXQGHURQH&RPPXQLW\OHDG
5HGLUHFWUHVRXUFHVVDYHGWKURXJKFRQVROLGDWLRQDQGWHUPLQDWHGSURJUDPV
WRH[LVWLQJDQGHPHUJLQJWKUHDWV
(QVXUHWKDWQHZV\VWHPVDUHGHYHORSHGLQFRPSOLDQFHZLWKDQ,QWHOOLJHQFH
&RPPXQLW\(QWHUSULVH$UFKLWHFWXUH
7KH'HSXW\'LUHFWRURI1DWLRQDO,QWHOOLJHQFHIRU0DQDJHPHQWZLOOGHYHORSD
SODQWRLGHQWLI\DQGHOLPLQDWHXQQHFHVVDU\UHGXQGDQF\DQGORZYDOXH
SURJUDPVZLWKLQWKH,QWHOOLJHQFH&RPPXQLW\7KHSODQZLOODOVRDGGUHVVKRZ
WRLGHQWLI\PLVVLRQVDQGSURJUDPVZKHUHUHVRXUFHVVKRXOGEHUHGLUHFWHGWR
PHHWQHZDQGHPHUJLQJQDWLRQDOVHFXULW\WKUHDWVDQGWRHQKDQFHVHFXUH
LQWHOOLJHQFHFDSDELOLWLHVIRURUJDQL]DWLRQVWKDWIXQFWLRQSULPDULO\LQWKH8QLWHG
6WDWHV7KHSODQZLOOVSHFLI\WKHUROHVDQGUHVSRQVLELOLWLHVRI,QWHOOLJHQFH
&RPPXQLW\PHPEHUVHQJDJHGLQUHVRXUFHPDQDJHPHQWDQGSURJUDP
GHYHORSPHQWWRFRQWLQXDOO\H[DPLQHWKHLUSURJUDPVDQGPLVVLRQVDQGWR
FROODERUDWHZLWKRQHDQRWKHULQDUULYLQJDWUHFRPPHQGDWLRQVIRUPLVVLRQ
DGMXVWPHQWVSURJUDPFRQVROLGDWLRQVRUWHUPLQDWLRQVDQGDUHDVULSHIRU
UHGLUHFWLRQRIUHVRXUFHV,WZLOODOVRGHVFULEHKRZWRVWUHQJWKHQWKH
&RPPXQLW\¶VILQDQFLDOPDQDJHPHQWV\VWHPVZLWKWKHJRDORIDFKLHYLQJ
FRPSUHKHQVLYHDXGLWVRIWKHPDMRULQWHOOLJHQFHSURJUDPV
19
1H[W6WHSV
7KHVHVWUDWHJLFREMHFWLYHVZLOOJXLGH,QWHOOLJHQFH&RPPXQLW\SROLF\
SODQQLQJFROOHFWLRQDQDO\VLVRSHUDWLRQVSURJUDPPLQJDFTXLVLWLRQ
EXGJHWLQJDQGH[HFXWLRQ7KH\ZLOOEHRYHUVHHQE\VHQLRURIILFLDOVRIWKH
2IILFHRIWKH'LUHFWRURI1DWLRQDO,QWHOOLJHQFHEXWZLOOEHLPSOHPHQWHG
WKURXJKDQLQWHJUDWHG,QWHOOLJHQFH&RPPXQLW\HIIRUWWRFDSLWDOL]HRQWKH
FRPSDUDWLYHDGYDQWDJHVRIFRQVWLWXHQWRUJDQL]DWLRQV
7KH'HSXW\'LUHFWRURI1DWLRQDO,QWHOOLJHQFHIRU0DQDJHPHQWZLOO
GHYHORSDVWUDWHJLFSODQQLQJDQGHYDOXDWLRQSURFHVVIRUWKH,QWHOOLJHQFH
&RPPXQLW\
7KH)LVFDO<HDUSODQQLQJSURJUDPPLQJDQGSHUIRUPDQFHJXLGDQFH
ZLOOUHIOHFWWKHVHPLVVLRQDQGHQWHUSULVHREMHFWLYHV2QJRLQJSURJUDPDQG
EXGJHWDFWLYLWLHVIRU)LVFDO<HDUVDQGZLOODGMXVWWRWKHVH
REMHFWLYHVWRWKHPD[LPXPH[WHQWSRVVLEOH
7KHVHVWUDWHJLF
REMHFWLYHVZLOOJXLGH
,QWHOOLJHQFH
&RPPXQLW\SROLF\
SODQQLQJFROOHFWLRQ
DQDO\VLVRSHUDWLRQV
SURJUDPPLQJ
DFTXLVLWLRQEXGJHWLQJ
DQGH[HFXWLRQ
20
FOR INFORMATION CONTACT:
OFFICE OF THE DIRECTOR OF NATIONAL INTELLIGENCE
WASHINGTON, DC 20511
WWW.ODNI.GOV