The chess board holding American International Group’s 11-member board of directors may be rearranged, reports the Wall Street Journal, with the end result being a delay in the company’s annual meeting and the release of its annual proxy statement.

The Journal reports that the insurer’s aim is to expand and reshuffle AIG’s 11-member board, which has remained largely in place since the government took its 80% stake, pumping as much as $173.3 billion in aid into the company. The AIG board is accountable mostly to its trustees, but also to the other shareholders owning a remaining stake that is slightly more than 20%. To date, the government has appointed three trustees.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access