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Ticker:	AIG
Shareholder Meeting Date:	05/12/2010
Total Shares Voted:	6,689

Number	Description /Reason	Vote
1.	Elect Directors While CalPERS recognizes the importance of Board continuity at AIG, we believe a withhold vote is warranted for G. Miles and M. Offit. Both director nominees served as members of the audit committee prior to the financial crisis when there was a failure to ensure appropriate corporate governance practices pertaining to risk management were in place. Additionally, CalPERS is withholding from nominee A. Martinez for serving on an excessive number of public company boards.	Withhold from G. Miles, M. Offit, and A. Martinez
2.	Advisory Vote to Ratify Executive Compensation	For
3.	Approve Stock Plan	For
4.	Ratify Auditor	For
5. Shareholder Proposal	Provide for Cumulative Voting CalPERS believes shareowners should have the right to cumulate votes in the election of directors.	For
6. Shareholder Proposal	Regarding the Retention of Shares After Retirement CalPERS is a firm supporter of stock ownership guidelines that require executives to satisfy minimum levels of ownership after leaving the company. It should be noted the proposal mandates that executives hold 75% of their equity awards for two years after retirement or termination. CalPERS prefers that guideline specifics be designed and implemented through the company?s Independent Compensation Committee.	For
7. Shareholder Proposal	Adopt Policy for Political Spending Advisory Vote Due to AIG’s continued participation in TARP the company is prohibited from making Political Contributions. CalPERS is a firm supporter of disclosure related to Political Contributions, however we do not believe an advisory vote on the topic is necessary at this time.	Against