(1) When a body corporate or association is a shareholder of a company, the company shall recognise any individual authorised by a resolution of the directors or governing body of the body corporate or association to represent it at meetings of shareholders of the company.
(2) An individual who is authorised as described in subsection (1) may exercise, on behalf of the body corporate or association that he or she represents, all the powers it could exercise if it were an individual shareholder.