Better Home & Finance Holding Co
For the period ended Dec 31, 2023. Filed Apr 22, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Dec 31, 2023 · Filed Apr 22, 2024
Contents
Board Evaluation Process
The Corporate Governance and Nominations Committee leads the Board in an annual self-evaluation to determine whether it and its committees are functioning effectively. The Corporate Governance and Nominations Committee is responsible for oversight of the evaluation process and reports on the process to the Board.
In addition, each committee of the Board conducts annual evaluations of its performance and reports to the Board on such evaluation. The Corporate Governance and Nominations Committee reviews the evaluations prepared by each Board committee of such committee's performance and determines whether to propose any changes to the Board.
As part of the self-assessment process, each Board and committee member provides feedback on a range of topics relevant to the performance and effectiveness of the Board and the applicable committee. During our first six months as a public company, we conducted a modified evaluation process in connection with our development of a Board candidate vetting process. Below is a summary of the evaluation process utilized in early 2024.
| Step 1Board and Committee Evaluations | The Board engaged an independent external advisor specializing in corporate board composition and development to coordinate the Board’s self-assessment by its members in support of its candidate pipeline build. The advisor provided a list of topics to each director and then performed one-on-one confidential interviews with each of the directors. |
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| Step 2Initial Report | The independent external advisor prepared and presented a report to Mr. Talwar, who serves as Chair of the Corporate Governance and Nominations Committee and Chairman of the Board, that aggregated and summarized the findings of the advisor based on the interviews that were conducted. All responses from directors were kept confidential and anonymous. |
| Step 3Board and Committee Review | The aggregated results were presented to the Corporate Governance and Nominations Committee for its review and discussion, at which time the Committee considered what, if any, actions might be implemented to enhance future performance of the Board as it evaluates the size, structure and composition of the Board, as well as the role, composition and allocation of responsibilities among Board committees. |
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