Window blanks to white when switched to in gnome-classic

I run Ubuntu 12.04 and use Gnome-Classic with the Unity plugin disabled. I run a fully updated system. When switching between windows by clicking on it with the mouse cursor, the window that is being switched to blanks to white. This does *not* happen when using for example Compiz' Shift Switcher or Scale plugin to switch between windows. This also does not happen when using metacity instead of compiz (which is why I filed this bug for the compiz package).

However, this issue does not occur when using the regular Ubuntu Unity interface (selecting "Ubuntu" at the login screen). But Unity also uses Compiz, so I'm not sure whether this is purely a Compiz bug.

I've attached a video demonstrating the problem.

System info:
Ubuntu 12.04 LTS
Compiz 1:0.9.7.8-0ubuntu1
Unity 5.12-0ubuntu1.1
VGA compatible controller: NVIDIA Corporation G98M [GeForce G 105M] (rev a1)

ProblemType: Bug
DistroRelease: Ubuntu 12.04
Package: compiz 1:0.9.7.8-0ubuntu1
ProcVersionSignature: Ubuntu 3.2.0-24.39-generic-pae 3.2.16
Uname: Linux 3.2.0-24-generic-pae i686
NonfreeKernelModules: nvidia
.proc.driver.nvidia.gpus.0: Error: [Errno 21] Is a directory: '/proc/driver/nvidia/gpus/0'
.proc.driver.nvidia.registry: Binary: ""
.proc.driver.nvidia.version:
 NVRM version: NVIDIA UNIX x86 Kernel Module 295.40 Thu Apr 5 21:28:09 PDT 2012
 GCC version: gcc version 4.6.3 (Ubuntu/Linaro 4.6.3-1ubuntu5)
.tmp.unity.support.test.0:

ApportVersion: 2.0.1-0ubuntu8
Architecture: i386
CompizPlugins: [core,composite,opengl,imgjpeg,decor,move,gnomecompat,place,blur,compiztoolbox,resize,vpswitch,regex,mousepoll,text,imgpng,resizeinfo,animation,session,expo,workarounds,unitymtgrabhandles,wall,shift,fade,scale]
CompositorRunning: compiz
Date: Mon May 28 14:30:22 2012
DistUpgraded: Fresh install
DistroCodename: precise
DistroVariant: ubuntu
DkmsStatus: nvidia-current, 295.40, 3.2.0-24-generic-pae, i686: installed
GraphicsCard:
 NVIDIA Corporation G98M [GeForce G 105M] [10de:06ec] (rev a1) (prog-if 00 [VGA controller])
   Subsystem: CLEVO/KAPOK Computer Device [1558:0806]
InstallationMedia: Ubuntu 12.04 LTS "Precise Pangolin" - Release i386 (20120423)
JockeyStatus:
 xorg:nvidia_current - NVIDIA accelerated graphics driver (Proprietary, Enabled, In use)
 xorg:nvidia_current_updates - NVIDIA accelerated graphics driver (post-release updates) (Proprietary, Disabled, Not in use)
MachineType: CLEVO CO. M740TU(N)/M760TU(N)/W7X0TUN
PackageArchitecture: all
ProcKernelCmdLine: BOOT_IMAGE=/boot/vmlinuz-3.2.0-24-generic-pae root=UUID=d8ae9610-c30a-4141-b068-cd01b5f9be43 ro quiet splash nomodeset video=uvesafb:mode_option=1366x768-24,mtrr=3,scroll=ywrap
SourcePackage: compiz
UpgradeStatus: No upgrade log present (probably fresh install)
XorgConf:
 Section "Device"
  Identifier "Default Device"
  Option "NoLogo" "True"
 EndSection
dmi.bios.date: 04/02/2009
dmi.bios.vendor: Phoenix Technologies LTD
dmi.bios.version: 1.02.22
dmi.board.asset.tag: Tag 12345
dmi.board.name: M740TU(N)/M760TU(N)/W7X0TUN
dmi.board.vendor: CLEVO Co.
dmi.board.version: Not Applicable
dmi.chassis.asset.tag: No Asset Tag
dmi.chassis.type: 1
dmi.chassis.vendor: No Enclosure
dmi.chassis.version: N/A
dmi.modalias: dmi:bvnPhoenixTechnologiesLTD:bvr1.02.22:bd04/02/2009:svnCLEVOCO.:pnM740TU(N)/M760TU(N)/W7X0TUN:pvrNotApplicable:rvnCLEVOCo.:rnM740TU(N)/M760TU(N)/W7X0TUN:rvrNotApplicable:cvnNoEnclosure:ct1:cvrN/A:
dmi.product.name: M740TU(N)/M760TU(N)/W7X0TUN
dmi.product.version: Not Applicable
dmi.sys.vendor: CLEVO CO.
version.compiz: compiz 1:0.9.7.8-0ubuntu1
version.libdrm2: libdrm2 2.4.32-1ubuntu1
version.libgl1-mesa-dri: libgl1-mesa-dri 8.0.2-0ubuntu3.1
version.libgl1-mesa-dri-experimental: libgl1-mesa-dri-experimental N/A
version.libgl1-mesa-glx: libgl1-mesa-glx 8.0.2-0ubuntu3.1
version.nvidia-graphics-drivers: nvidia-graphics-drivers N/A
version.xserver-xorg-core: xserver-xorg-core 2:1.11.4-0ubuntu10.2
version.xserver-xorg-input-evdev: xserver-xorg-input-evdev 1:2.7.0-0ubuntu1.1
version.xserver-xorg-video-ati: xserver-xorg-video-ati 1:6.14.99~git20111219.aacbd629-0ubuntu2
version.xserver-xorg-video-intel: xserver-xorg-video-intel 2:2.17.0-1ubuntu4
version.xserver-xorg-video-nouveau: xserver-xorg-video-nouveau 1:0.0.16+git20111201+b5534a1-1build2