Bhaskar Menon
About Bhaskar Menon
Independent director of Better Home & Finance Holding Company since August 1, 2025; designated Audit Committee Chair and member of the Compensation Committee on August 29, 2025 . Background includes senior executive roles in technology and business process outsourcing (BPO), notably at Mphasis Corporation, with governance expertise across global operations, audit frameworks, and compliance programs . The Board affirmed his independence under Nasdaq rules upon election .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Mphasis Corporation | Senior executive roles | Not disclosed | Oversaw large-scale global operations, complex audit frameworks, and compliance programs |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| — | None disclosed in BETR filings or IR site as of Nov 2025 | — | — |
Board Governance
- Appointment and independence: Elected July 30, 2025, effective August 1, 2025; Board concluded he satisfies Nasdaq independence requirements .
- Committee assignments: Audit Committee Chair and Compensation Committee member effective August 29, 2025 .
- Attendance: Company reported 7 Board meetings in 2024 and ≥75% attendance for 2024 directors; Menon joined in 2025—his attendance will be disclosed in the next proxy .
- Engagement and indemnification: Expected to enter standard indemnification agreement; no related-party transactions requiring Item 404(a) disclosure were identified upon appointment .
Fixed Compensation
| Component | Amount (USD) | Notes |
|---|---|---|
| Annual cash retainer (Board) | $150,000 | Paid quarterly; expected to be prorated from Aug 1, 2025 |
| Audit Committee Chair cash retainer | $25,000 | Additional annual cash for chair role (effective Aug 29, 2025) |
| Compensation Committee member cash retainer | $7,500 | Additional annual cash for committee membership (effective Aug 29, 2025) |
Performance Compensation
| Component | Fair Value (USD) | Grant Date | Vesting | Shares/Units |
|---|---|---|---|---|
| Annual RSU retainer (Board) | $150,000 | 2025 (commencement Aug 1, 2025) | Vests on business day immediately preceding next annual meeting; prorated for partial year | |
| Audit Chair RSUs | $25,000 | Aug 29, 2025 | Same annual-meeting vest convention | |
| Compensation Committee RSUs | $7,500 | Aug 29, 2025 | Same annual-meeting vest convention | |
| RSU grant (Form 4) | $0 (grant recorded at no cash price) | Oct 27, 2025 | Vests on business day immediately preceding next annual meeting | 666 RSUs; post-transaction 12,388 derivative securities beneficially owned |
No performance metrics are tied to director compensation; RSUs are time-based with annual-meeting vesting cadence .
Other Directorships & Interlocks
| Company | Type | Interlock/Overlap with BETR | Notes |
|---|---|---|---|
| — | — | — | No other public company boards or interlocks disclosed in BETR filings/IR site as of Nov 2025 |
Expertise & Qualifications
- Technology/BPO leadership; experience running complex global operations and compliance programs .
- Governance and audit oversight; positioned to strengthen financial reporting and risk management as Audit Committee Chair .
- Independent governance profile confirmed at appointment .
Equity Ownership
| Holding Type | Quantity | Vested vs. Unvested | Notes |
|---|---|---|---|
| RSUs (derivative securities beneficially owned) | 12,388 | Not disclosed by tranche | As reported post Oct 27, 2025 transaction; director grant recorded at $0 price; annual-meeting vesting |
Insider Trades
| Date | Security | Type | Quantity | Price | Vesting | Post-transaction holdings |
|---|---|---|---|---|---|---|
| Oct 27, 2025 | Class A RSUs | Grant | 666 | $0 | Business day before next annual meeting | 12,388 derivative securities beneficially owned (direct) |
Policy signals
- Hedging prohibited for directors/executives under Insider Trading Policy; policy references pledging and hedging, with explicit prohibition on hedging/monetization transactions .
- No pledging disclosures identified for Menon .
Governance Assessment
- Committee leadership and independence: Appointment as Audit Committee Chair shortly after joining signals board confidence in his audit and risk oversight capabilities; independence affirmed under Nasdaq rules .
- Compensation mix and alignment: Balanced cash/equity structure for directors (approx. $182.5k cash + $182.5k RSUs annually for Menon’s roles, subject to proration) aligns with shareholder interests via time-based equity vesting .
- Conflicts/related parties: 8-K appointment disclosure states no direct or indirect material interests in related-party transactions for Menon; ongoing company-level related-party arrangements primarily involve CEO-affiliated entities (TheNumber, Notable, 1/0 Capital, TrueWork) and are overseen under a Related Party Transactions Policy with Audit Committee approval; none implicate Menon .
- Attendance/engagement: 2024 attendance thresholds met by then-serving directors; Menon’s 2025 attendance to be disclosed in future proxy; board uses annual evaluations and executive sessions—supportive of board effectiveness .
Overall signals: Positive governance profile with independent status and immediate elevation to Audit Chair; no related-party exposure; hedging prohibition supports alignment. Watch items are company-level (historical related-party agreements and ongoing internal control remediation risks disclosed elsewhere), but Menon’s committee roles mitigate investor concern through enhanced oversight .