at the time of the entity’s creation, the agreements made at the time of its creation and the risks incurred by
Crédit  Agricole  S.A., any rights under ag reements that give the investor the power to direct relevant activities only in
specific circumstances, and any other facts or circumstances that indicate that the investor can direct the entity’s relevant
activities. Where there is a management agreement,  the extent of decision -making powers granted to the delegated
manager and the compensation accorded by such contractual arrangements are examined to establish whether the
manager is in practice acting as an agent (with delegated powers) or as a principal (on their own account).
Furthermore, when decisions on the entity’s relevant activities are taken, the indicators used to assess whether an entity is
acting as agent or principal are as follows: the extent of the decision -making powers compared to the pow ers over the
entity delegated to the manager, the compensation provided for under the contractual arrangements, any substantive
rights that may affect the decision -making capacity of other parties involved in the entity and the exposure to variable
returns  of other interests in the entity.
Joint control is deemed to exist when there is a contractual division of control over an economic activity. Decisions affecti ng
the entity’s relevant activities require unanimous agreement of the joint controllers.
In traditional entities, significant influence is defined as the power to influence but not control a company’s financial and
operational policies. Crédit  Agricole  S.A. is presumed to have significant influence if it owns 20% or more of the voting rights
in an entity, whether directly or indirectly through subsidiaries.

### Language ###
English

### Assessment ###
The text discusses when significant influence exists based on voting rights ownership, which could be a straightforward information query.

### Query ###
What percentage of voting rights typically indicates significant influence in a company?
What percentage of voting rights typically indicates significant influence in a company?