wfn.org | COE COMITE CENTRAL, No. 10

[smm@wcc-coe.org]

begin 644 RO.WF
M5&ET;&4Z("!#;VUI=&4G($-E;G1R86PL($YO+B`Q,`T*0V]N<V5I;"!O96-U
M;64G;FEQ=64@9&5S($5G;&ES97,-"D-O;6UU;FEQ=64G(&1E('!R97-S90T*
M4&]U<B!P=6)L:6-A=&EO;B!I;6UE)V1I871E#0I,92`R,"!S97!T96UB<F4@
M,3DY-@T*#0H-"D-/34E412!#14Y44D%,("`@("!.;RX@,3`-"@T*#0I154%2
M04Y412U315!4245-12!315-324].($15($-/34E412!#14Y44D%,.B!43U52
M($0G2$]225I/3@T*#0H-"D=%3D5612P@;&4@,C`@<V5P=&5M8G)E(#$Y.38@
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M:6)E)W)A=&EO;G,N($QE<R`Q-38@9&4G;&4G9W5E)W,L(&4G;'5S('!A<B!L
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M:6P@<75I('-E('1I96YD<F$@86`@2&%R87)E+"!A=2!::6UB86)W92!E;B`Q
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M<B!S;VX@879E;FER+B!4;W5T(&5N('-O=6QI9VYA;G0@<75E(&QE<R`B<W1R
M:6-T97,B(')E)V1U8W1I;VYS(&)U9&=E)W1A:7)E<R!E="!L97,@8V]M<')E
M<W-I;VYS(&1E('!E<G-O;FYE;"!D92=J86`@<F4G86QI<V4G97,@970@8V5L
M;&5S('%U:2!D;VEV96YT(&5N8V]R92!A=F]I<B!L:65U(&YE(&UE;F%C96YT
M('!A<R!L82!C87!A8VET92<@9'4@0V]N<V5I;"`B86`@<F5M<&QI<B!S;VX@
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M;"!M;W5V96UE;G0@;V5C=6UE)VYI<75E+"`@879E8R!L97,@8V]N9F4G<F5N
M8V5S(&5T(&QE<R!C;VYS96EL<R!D)T5G;&ES97,@<F4G9VEO;F%U>"P@;F%T
M:6]N875X(&5T(&QO8V%U>"P@;&5S(&]R9V%N:7-A=&EO;G,@8V]N9F5S<VEO
M;FYE;&QE<R!E="!L97,@16=L:7-E<R`M(&-O;6UE(&PG16=L:7-E(&-A=&AO
M;&EQ=64@<F]M86EN92`M('%U:2!N92!S;VYT('!A<R!M96UB<F5S(&1U($-/
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M<R!%9VQI<V5S+B!":65N('%U92`B;&4@<')O9FEL(&1U($-/12(@86ET(&4G
M=&4G(&9A8RQO;FYE)R!E<W-E;G1I96QL96UE;G0@<&%R('-E<R!P<F]G<F%M
M;65S(&%U(&-O=7)S(&1E<R!T<F5N=&4@9&5R;FEE8')E<R!A;FYE)V5S+"!L
M92!S96-R92=T86ER92!G92=N92=R86P@869F:7)M92!Q=2=A8"!L)V%V96YI
M<B!L92!#3T4@9&]I="`B<R=A8G-T96YI<B!D)V%S<W5M97(@9&ER96-T96UE
M;G0@;&$@<F5S<&]N<V%B:6QI=&4G(&1E('!R;V=R86UM97,@9&%N<R!D97,@
M9&]M86EN97,@;Y<@9"=A=71R97,@<V]N="!M:65U>"!E)W%U:7!E)W,@<75E
M(&QU:2!P;W5R(&EN=&5R=F5N:7(B+"!E="!M971T<F4@=6X@=&5R;64@86`@
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M('%U92!L92!D;V-U;65N="!C;VYS=&ET=6%I="!U;B`B87!P;W)T('5T:6QE
M(BP@;&5S(&UE;6)R97,@9'4@0V]M:71E)R!O;G0@9&4G;6%N9&4G('%U)VEL
M('-O:70@<F4G=FES92<@86`@;&$@;'5M:65@<F4@9&4@;&5U<G,@9&ES8W5S
M<VEO;G,@970@96YV;WEE)R!A=7@@16=L:7-E<R!P;W5R('%U)V5L;&5S('D@
M<F4G86=I<W-E;G0N($]N(')E)V1I9V5R82!E;G-U:71E('5N(&1O8W5M96YT
M(&0G;W)I96YT871I;VX@9V4G;F4G<F%L92!Q=6D@<V5R82!P<F4G<V5N=&4G
M(&%@(&-E($-O;6ET92<@86`@<V$@<')O8VAA:6YE('-E<W-I;VXL(&5N('-E
M<'1E;6)R92`Q.3DW+@T*#0I,92!R87!P;W)T(&1U($-O;6ET92<@9&5S(&9I
M;F%N8V5S+"!A9&]P=&4G(&QE(#$Y('-E<'1E;6)R92P@82!R97!R:7,@86`@
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M(#$Q."!M:6QL:6]N<R!D92!F<F%N8W,@<W5I<W-E<R!E;B`Q.3DQ(&%@(#@Q
M(&UI;&QI;VYS(&5N(#$Y.34N(%-E;&]N(&QE<R!P<F4G=FES:6]N<RP@:6P@
M9&5S8V5N9')A(&%U+61E<W-O=7,@9&5S(#8Q(&UI;&QI;VYS(&1E(&9R86YC
M<R!E;B`Q.3DW(&5T(&5N(#$Y.3@N#0H-"D1A;G,@8V4@8V]N=&5X=&4L(&QE
M($-O;6ET92<@8V5N=')A;"!A(&%P<')O=79E)R!P;W5R(#$Y.3<@=6X@8G5D
M9V5T(&1O;G0@;&4@9&4G9FEC:70@<V4@;6]N=&4@86`@,C,U(#`P,"!F<F%N
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M(&1E('!E<G-O;FYE;"P@;&4@0T]%('!E<F1R82`R,"`E(&1E('-E<R!E9F9E
M8W1I9G,Z(&1E(#(S-R!P;W-T97,@86`@<&QE:6X@=&5M<',@96X@,3DY-BP@
M;VX@<&%S<V5R82!A8"!U;B!M87AI;75M(&1E(#$Y,"!P;W-T97,@96X@,3DY
M-RX-"@T*(DQA(&-R:7-E(&9I;F%N8VEE8')E('%U92!T<F%V97)S92!L92!#
M;VYS96EL(&XG97-T('!A<R!E;F-O<F4@=&5R;6EN92=E(BP@82!D92=C;&%R
M92<@36UE(%)A;G1A:V%R:2!A=2!#;VUI=&4G+B`B3F]U<R!A=F]N<R!R92=U
M<W-I(&%@(&UA:5YT<FES97(@;&$@<VET=6%T:6]N('!O=7(@;"=A;FYE)V4@
M,3DY-RP@;6%I<R!N;W5S(&1E=F]N<R!R92=U;FER(&1A=F%N=&%G92!D92!F
M;VYD<R(N($5N('!A<G1I8W5L:65R+"!A+70M96QL92!A:F]U=&4G+"!N;W5S
M(&%V;VYS(&)E<V]I;B!D)V%U9VUE;G1E<B!C;VYS:61E)W)A8FQE;65N="`B
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M<V4G<75E;F-E<R`@9&5S(&%T=&ET=61E<R!A8"!L)V4G9V%R9"!D97,@:&]M
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M=6D@:6YV:71A:70@;&5S($5G;&ES97,@;&]C86QE<R!D=2!::6UB86)W92`B
M86`@86-C=65I;&QI<B!L97,@<&%R=&EC:7!A;G1S(&%@(&PG07-S96UB;&4G
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M="!L97,@8V%T:&]L:7%U97,@<F]M86EN<R`M(&YE('-O;G0@<&%S(&5N(&UE
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M)R`B9&4@;6%I;G1E;FER(&PG;W)D<F4@970@;&$@9&ES8VEP;&EN92(@<W5R
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M<V5M8FQE)V4@86`@(F5X<')I;65R('!U8FQI<75E;65N="!S97,@<&]I;G1S
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M:6]N(&%V96,@8F5A=6-O=7`@9&4@9G)A;F-H:7-E(&5T(&1E('-E)W)I975X
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M;G,@9&4@8V]N=')A:6YD<F4@8V5R=&%I;F5S($5G;&ES97,@86`@<F5C;VYS
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M:2P@86`@=')A=F5R<R!L92!M;VYD92P@;VYT(&4G=&4G(&]B;&EG92=E<R!D
M92!F=6ER(&QE=7(@9F]Y97(@86`@8V%U<V4@9&4@=')O=6)L97,@<&]L:71I
M<75E<R!O=2!D92!C871A<W1R;W!H97,@;F%T=7)E;&QE<RX-"@T*3&4@0V]M
M:71E)R!C96YT<F%L(&$@87!P<F]U=F4G('5N92!S92=R:64@9&4@<F5C;VUM
M86YD871I;VYS('9I<V%N="!A8"!P<F4G8VES97(@;"=O8FIE8W1I9B!D=2!0
M<F]G<F%M;64@(G9A:6YC<F4@;&$@=FEO;&5N8V4B+"!Q=2=I;"!A=F%I="!L
M86YC92<@86`@<V$@<V5S<VEO;B!D92!*;VAA;FYE<V)U<F<L(&5N(#$Y.30N
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M($MA97-S;6%N;B`H16=L:7-E(&4G=F%N9V4G;&EQ=64@9"=!;&QE;6%G;F4I
M(&$@97AP;&EQ=64G('%U92!L97,@9&4G=&%I;',@9'4@<')O:F5T('-E<F%I
M96YT(&UI<R!A=2!P;VEN="!D92!C;VYC97)T(&%V96,@;&5S(')E<W!O;G-A
M8FQE<R!D)T5G;&ES92!L;V-A=7@@9&%N<R!S:7@@;W4@<V5P="!V:6QL97,@
M+2!D;VYT($IO:&%N;F5S8G5R9R!E="!2:6\@9&4@2F%N96ER;R`M(&^7(&QA
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M9F%I="`Q,#`@,#`P(&UO<G1S(&5T(&1E)W!L86-E)R`T,#`@,#`P('!E<G-O
M;FYE<RP@;&4@0V]M:71E)R!A(&-O;F1A;6YE)R`B;&4@<F5C;W5R<R!I;F-E
M<W-A;G0@86`@;&$@=FEO;&5N8V4@<&%R(&QE<R!G<F]U<&5S(&%R;64G<R!E
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M86`@(G)E<W!E8W1E<B!L)VEN=&4G9W)I=&4G('1E<G)I=&]R:6%L92!D92!L
M)TER87$B+B!,92!#;VUI=&4G(',G97-T(&9E)VQI8VET92<@9'4@8V]M;75N
M:7%U92<@<75E(&QE($-/12!A=F%I="!P=6)L:64G(&%U(&UO;65N="!D97,@
M9F%I="P@9&4G8VQA<F%N="!C97,@871T87%U97,@(FUO<F%L96UE;G0@:6YD
M92=F96YD86)L97,B+@T*#0I,92!#;VUI=&4G(&-E;G1R86P@82!D96UA;F1E
M)R!Q=2=U;B!D;V-U;65N="!S=7(@;&4@<F]>;&4@9&5S($5G;&ES97,@875J
M;W5R9"=H=6D@9&%N<R!L97,@869F86ER97,@:6YT97)N871I;VYA;&5S('-O
M:70@96YV;WEE)R!A=7@@16=L:7-E<R!M96UB<F5S('!O=7(@<74G96QL97,@
M>2!R92=A9VES<V5N="X@074@8V]U<G,@9"=U;F4@8V]N9F4G<F5N8V4@9&4@
M<')E<W-E+"!$=V%I;B!%<'!S+"!R97-P;VYS86)L92!D=2!#3T4@<&]U<B!L
M97,@869F86ER97,@:6YT97)N871I;VYA;&5S+"!A(&1E)V-L87)E)R!Q=2=I
M;"!E<W!E)W)A:70@<75E(&-E(&YO=79E874@9&]C=6UE;G0@86ED97)A:70@
M;&5S($5G;&ES97,@(F%@(')E)V%F9FER;65R(&QA(')E<W!O;G-A8FEL:71E
M)R!Q=6D@;&5U<B!I;F-O;6)E(&1E('-U:79R92!D92!P<F5@<R!L97,@869F
M86ER97,@;6]N9&EA;&5S(BX-"@T*3&5S(&1E=7@@;F]U=F5L;&5S($5G;&ES
M97,@<75I(&]N="!E)W1E)R!A8V-U96EL;&EE<R!P87)M:2!L97,@;65M8G)E
M<R!A8"!P87)T(&5N=&EE8')E(&1U($-/12!S;VYT(&%F<FEC86EN97,N($EL
M(',G86=I="!D92!L)T5G;&ES92!M92=T:&]D:7-T92!A=2!4;V=O+"!Q=6D@
M8V]M<'1E(#0U(#8P,"!M96UB<F5S.R!E="!D92!L82!#;VUM=6YA=71E)R!P
M<F5S8GET92=R:65N;F4@9&4@2VEN<VAA<V$@*%IA:2)R92DL('%U:2!E;B!C
M;VUP=&4@,S`@,#`P+B!#96QA('!O<G1E(&%@(#,S,B!L92!N;VUB<F4@9&5S
M(&UE;6)R97,@9'4@0T]%+@T*#0H-"BHJ*BHJ#0I,92!#;VYS96EL(&]E8W5M
M92=N:7%U92!D97,@16=L:7-E<R`H0T]%*2!E<W0@=6YE(&-O;6UU;F%U=&4G
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M8"!L82!T95YT92!D=2!P97)S;VYN96P@9&4@;"=O<F=A;FES871I;VXN("`-
M"@T*#0I#;VYS96EL(&]E8W5M92=N:7%U92!D97,@16=L:7-E<PT*0G5R96%U
M(&1E(&PG:6YF;W)M871I;VX-"E1E;#H@("@T,2XR,BD@-SDQ+C8Q+C4R+S4Q
M#0I&87@Z("`H-#$N,C(I(#<Y."XQ,RXT-@T*12U-86EL.B`@:G=N0'=C8RUC
M;V4N;W)G#0H-"D-A<V4@<&]S=&%L92`R,3`P#0I#2"TQ,C$Q($=E;F5@=F4@
*,@T*&C<@(D%N;F%N
`
end