CalPERS' investment committee on Feb. 18 is expected to consider whether to transfer its $2.6 billion active corporate governance program from global equities to the Alternative Investment Management Program, according to the system's website. Officials at the $153.8 billion California Public Employees' Retirement System, Sacramento, are expected to invest an additional $500 million in the AIM program in 2004. Consultant Wilshire Associates is conducting due diligence on three finalists for two active U.S. corporate governance managers, the report noted. Staff expects to return to the investment committee with a proposal on allocating the additional funding to the current managers of the corporate governance program and the new corporate governance managers. The AIM program surpassed $5 billion in profits as of Dec. 31.