AFSCME Pension Plan Calls for Reforms at AIG

WASHINGTON, May 10 /PRNewswire/ — The AFSCME Employees Pension Plan outlined a four-point reform agenda in a letter today to large shareholders of the American International Group (AIG) .Internal control mechanisms and the corporate governance structure must provide effective checks and balances to protect shareholder value,” said Gerald W. McEntee, chairman of the AFSCME Plan.McEntee added, “AIG proves our case that shareholders — the true owners of the company — need the power to nominate directors where boards have failed…..

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