Institutional Director Designates New Authorized Representative
Original: 本公司法人董事改派代表人
Summary
AU Optronics (2409) disclosed that one of its institutional (juridical-person) board directors has replaced the natural-person representative authorized to exercise its board-seat rights. Under Taiwan's Company Act, a corporate entity holding a directorship must designate a named individual to attend meetings and vote on its behalf; swapping that individual constitutes a material change in board-level representation. Full body available on MOPS.
Full Translation
Subject line: '本公司法人董事改派代表人' — 'The Company's Institutional Director Has Changed Its Designated Representative.' In Taiwan corporate governance, a 法人董事 (juridical-person / institutional director) is a legal entity (e.g., a holding company or government body) that occupies a board seat. That entity must formally appoint a 代表人 (authorized representative), a specific natural person, to attend board meetings and vote on its behalf. 改派 (gaipai) means the appointing entity has withdrawn the current representative and designated a new individual in that role. This announcement notifies investors that the named individual exercising board-voting rights on behalf of that institutional director seat has changed. The identity of the incoming and outgoing representatives, along with the name of the institutional director making the change, would be contained in the full filing body. [Body not available — subject line only. See MOPS for full announcement.]