Insurer American International Group Inc. named a former chief accountant of the Securities and Exchange Commission to its board and voted to change rules for directors' service as part of its ongoing efforts to strengthen corporate governance.

Michael Sutton, 65, will join the board and serve on AIG's audit committee. Sutton retired from the SEC in 1998, after three years as chief accountant, and also serves on the boards of Allegheny Energy Inc. and Krispy Kreme Doughnuts Inc.

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