In principle, with the exception of certain SAS companies, in which voting rights and shareholdings can be uncoupled, shareholdings give rise to proportionate voting rights. Whether a shareholder has a blocking minority will depend on the type of decision and the majority required to adopt that decision. If a simple majority is required, a minority shareholder would be unlikely to be able to block a decision. However, in cases where a qualified majority of two-thirds or three-quarters is required, a shareholder with a 34% shareholding or a 26% shareholding could prevent a decision being adopted.