It’s only been a few months since the world discovered US giant AIG and its long-serving Chairman and CEO Maurice Greenberg weren’t totally beyond playing with the figures and doing a few deals on the side. But you have to admire the way the surviving board members have stuck at the task of cleaning the group up.

Last week AIG announced new corporate guidelines that maintain the independence of the company’s directors. The board approved changes that make the insurer’s chairman and at least two-thirds of its directors independent.

A company statement says the changes are in a bid to enhance AIG’s corporate governance structure.

The company still faces civil lawsuits over fraudulent financial transactions, filed by New York Attorney-General Eliot Spitzer and other authorities.