Proxy advisory firm Egan-Jones Proxy Services has recommended that shareholders of Better Home & Finance Corporation (Nasdaq: BETR) vote in favor of both proposals put forward by the Garg Group, including the removal of five members from the company's board of directors.

The Garg Group is led by Vishal Garg, founder and former CEO of Better, who was removed from his role by the board. In its report, Egan-Jones stated that the timing and rationale for Mr. Garg's termination "raise serious questions that the Board has not adequately answered," and that the board had been "publicly praising his accomplishments and describing him as essential to the organization" prior to his removal.

Egan-Jones noted that over a two-year period preceding Mr. Garg's removal, Better generated approximately 14% in total shareholder return, which it described as the only positive return among a selected peer group during that period. The firm also stated that Mr. Garg, "being the architect of the strategy, offers a superior ability to execute on the strategy."

The Garg Group is seeking to remove directors Daniel Lewis, Harit Talwar, Arnaud Massenet, Bhaskar Menon, and Prabhu Narasimhan from the board. The group has set October 2, 2026, as the target date for the submission of written consents from shareholders.

Egan-Jones wrote that "a reconstituted Board is necessary to establish clear operating and governance priorities," including the appointment of qualified independent directors and an independent CEO search process.

Mr. Garg has filed a definitive consent solicitation statement with the SEC in connection with the solicitation. The information in this article is based on a press release issued on behalf of Vishal Garg.