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NEW YORK (Reuters) - American International Group Inc (AIG.N) faces an uphill climb to convince shareholders to approve a $43.1 million pay package for Chief Executive Officer Brian Duperreault during the company’s annual meeting on Wednesday.

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American International Group Inc. (AIG) Chief Executive Officer Brian Duperreault seen at AIG headquarters on the day of the company's 2017 annual shareholder meeting in New York, U.S., June 28, 2017. REUTERS/Suzanne Barlyn

Two influential proxy advisory firms, International Shareholder Services (ISS) and Glass Lewis, have advised shareholders to reject the package in the non-binding vote, saying it did not align with AIG’s performance.

AIG’s stock has dropped 13 percent since Duperreault took charge of the company last May.

The company’s pay arrangements include $24.2 million for former CEO Peter Hancock, who stepped down last year under pressure, with a $5 million cash award “for his service through the transition” to Duperreault, according to the company’s annual proxy filing to the U.S. Securities and Exchange Commission in March.

It is unusual for both advisory firms to recommend voting against pay measures for the same company. ISS recommends votes against pay only about 12 percent of the time for companies listed on the broad-based Russell 3000 stock index, an ISS spokesman said.

That could sway shareholders, corporate governance experts said.

“It seems that investors do react to these recommendations,” Jill Brown, a management professor at Waltham, Massachusetts-based Bentley University, said in an email.

Brown pointed to a March non-binding vote by Walt Disney Co (DIS.N) shareholders, who rejected a $48.5 million executive compensation plan for Chief Executive Officer Bob Iger by a 52 percent majority.

Both proxy advisory firms had advised against Iger’s package.

GRADED ‘F’

Glass Lewis gave AIG’s

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