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American International Group Inc., the beleaguered carrier that recently revealed $3.9 billion earnings inflation for the past five-year period, announced its board has adopted measures to improve corporate governance structures.

AIG said its board of directors has approved changes in AIG’s bylaws and governance guidelines that would require the board chairman and at least two-thirds of the directors to be independent under New York Stock Exchange listing standards. (The NYSE standards can be found at www.aigcorporate.com/corpsite/PDF/indstandards2005v2.pdf.)

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