NEW YORK--(BUSINESS WIRE)--Nov. 16, 2015--
American International Group, Inc. (NYSE: AIG) today announced that its
Board of Directors has amended AIG’s By-laws, enabling eligible
shareholders to include their own director nominees in AIG’s proxy
statement for its annual meeting. The Board proactively adopted these
amendments, reflecting its strong commitment to corporate governance
“We are pleased to enact proxy access for our shareholders,” said
Douglas M. Steenland, Non-Executive Chairman of the Board of AIG. “The
AIG Board remains committed to strong corporate governance and
continually evaluates AIG’s corporate governance practices to be
consistent with the best interests of our shareholders.”
Under the By-law amendments, a shareholder or group of up to 20
shareholders who own at least 3% of AIG’s outstanding shares of Common
Stock continuously for at least three years may nominate the greater of
two candidates or 20% of the Board, provided the shareholders and
nominees satisfy the requirements specified in the By-laws.
American International Group, Inc. (AIG) is a leading global insurance
organization serving customers in more than 100 countries and
jurisdictions. AIG companies serve commercial, institutional, and
individual customers through one of the most extensive worldwide
property-casualty networks of any insurer. In addition, AIG companies
are leading providers of life insurance and retirement services in the
United States. AIG common stock is listed on the New York Stock Exchange
and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com
| YouTube: www.youtube.com/aig
| Twitter: @AIGinsurance | LinkedIn: http://www.linkedin.com/company/aig
AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional information, please visit our website at www.aig.com.
All products and services are written or provided by subsidiaries or
affiliates of American International Group, Inc. Products or services
may not be available in all countries, and coverage is subject to actual
policy language. Non-insurance products and services may be provided by
independent third parties. Certain property-casualty coverages may be
provided by a surplus lines insurer. Surplus lines insurers do not
generally participate in state guaranty funds, and insureds are
therefore not protected by such funds.
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Source: American International Group, Inc.
American International Group, Inc.
Hendricks Sullivan, 212-770-3141