Garg Group seeks to oust five Better Home & Finance directors in consent fight
BETR•Founder Vishal Garg launched a consent solicitation to remove five directors, including interim CEO Daniel Lewis, and said consents exceed 46% of the company’s voting power. The campaign seeks to replace them with three independent candidates, subject to later board approval if the removals succeed.
1. Consent solicitation
Better Home & Finance founder Vishal Garg launched a consent solicitation to remove five sitting directors, including interim CEO Daniel Lewis. Garg said the consents exceed 46% of the company’s voting power, disputing a company statement that questioned shareholder support.
2. Proposed replacements
Garg said his proxy solicitor presented evidence of the 46% level to Better’s general counsel and urged corrective disclosure. The campaign seeks to replace the directors with three independent candidates, subject to later board approval if the removals succeed.
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