Better Home & Finance special committee urges shareholders to reject ex-CEO Garg bid to oust five directors

Concerns cited included Better’s losses under Garg, governance risk, Nasdaq compliance exposure, and alleged misstatements about shareholder support.

Shareholders were told not to return Garg’s green consent card, or to revoke it using the company’s white revocation card.

Better’s board special committee urged shareholders to reject former CEO Vishal Garg’s consent solicitation to remove five of eight directors.

Proxyanalyst said four AI models recommended voting against Garg, citing “Strong” confidence shareholders should back the special committee.

Analysis flagged risk of Garg gaining effective control by ousting a board majority without naming replacement directors.