Hope B. Woodhouse
About Hope B. Woodhouse
Hope B. Woodhouse (age 68) has served on TWO’s board since May 2012 and is currently Audit Committee Chair and a member of the Risk Oversight Committee. She is deemed independent under NYSE rules and is designated by the Board as an audit committee financial expert. Her background includes senior operating roles at leading asset managers and broker-dealers; she holds an A.B. in Economics from Georgetown University and an M.B.A. from Harvard Business School .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Bridgewater Associates, Inc. | Chief Operating Officer; member of management committee | 2005–2009 | Senior operating leadership of a top-tier asset manager |
| Auspex Group, L.P. | President & Chief Operating Officer | 2003–2005 | Firm-wide operations leadership |
| Soros Fund Management LLC | Chief Operating Officer; member of management committee | 2000–2003 | Executive management and governance |
| Tiger Management L.L.C. | Executive leadership positions | Prior to 2000 | Senior roles at leading hedge fund |
| Salomon Brothers Inc. | Executive leadership positions | Prior to 2000 | Senior roles at broker-dealer |
External Roles
| Organization | Role | Start Date | Notes |
|---|---|---|---|
| Granite Point Mortgage Trust Inc. (NYSE: GPMT) | Director | Jun 2017 | Current public company directorship |
| Acadia Realty Trust (NYSE: AKR) | Trustee | Jan 2023 | Current public company role |
| Monro, Inc. (NASDAQ: MNRO) | Director | Feb 2023 | Current public company directorship |
| Piper Jaffray Companies (NYSE: PJC) | Director (prior) | Not disclosed | Prior public board experience |
| Seoul Securities Co. Ltd. | Director (prior) | Not disclosed | Prior board service |
| Soros Funds Limited | Director (prior) | Not disclosed | Prior board service |
| The Bond Market Association | Director (prior) | Not disclosed | Industry association governance |
| Phillips Academy, Andover | Investment Committee member (prior) | Not disclosed | Institutional investment oversight |
| Children’s Services Advisory Committee (Indian River County) | Board member | Not disclosed | Community service |
| Tiger Foundation | Trustee | Not disclosed | Non-profit governance |
Board Governance
- Current committees: Audit Committee (Chair) and Risk Oversight Committee member .
- Independence: Board affirms Woodhouse meets NYSE independence standards .
- Financial expertise: Board determined she qualifies as an “audit committee financial expert” and financially sophisticated .
- Attendance: In 2024, each director attended at least 75% of aggregate Board and committee meetings; Board met 5 times, Audit 6, Compensation 3, Nominating & Corporate Governance 2, Risk Oversight 1; all directors attended the 2024 annual meeting .
- Executive sessions: Independent directors meet regularly in executive session without management .
- Leadership structure: Independent Chair; all committees comprise independent directors .
- Anti-hedging/pledging: Directors prohibited from hedging or pledging company stock .
Fixed Compensation
| Component (2024 term) | Amount | Notes |
|---|---|---|
| Annual retainer (independent directors) – cash | $98,000 | Paid quarterly |
| Annual retainer – RSUs | $118,000 | Granted under 2021 Plan; fully vest at next annual meeting; 2024 grant date May 15, 2024; FMV based on $12.96 close |
| Committee chair fees – Audit | $20,000 | Cash |
| Committee chair fees – Compensation, Risk Oversight, NCG | $15,000 | Cash |
| Woodhouse 2024 cash paid | $115,500 | As reported in independent director compensation table |
| Woodhouse 2024 stock awards (RSUs) | $117,988 | Full grant-date fair value for 2024 term |
RSU terms: pro-rata vesting upon early departure; full vest on death/disability; double-trigger vesting on change-of-control if service terminated within 24 months (or immediate vest if award not assumed) .
Performance Compensation
Directors do not receive performance-based pay at TWO; equity is time-based RSUs. For oversight context, TWO’s annual executive incentive metrics place 70% weight on financial performance via Total Economic Return (TER) and 30% on strategic/operational goals .
| 2024 Annual Incentive Financial Metrics | Weight | Performance Continuum | 2024 Actual | Payout Mapping |
|---|---|---|---|---|
| Absolute TER | 50% | <1.0% (0%); 1.0% (25%); 9.0% (100%); >15.0% (200%) | 8.9% | 99% of target |
| Relative TER vs performance peer group | 50% | <25th% (0%); 25th% (50%); 50th% (100%); 80th% (200%) | 17.8th percentile | 0% of target |
Long-term executive PSUs: 3-year absolute and relative TSR; 2022–2024 PSU payout was 39.4% of target due to negative absolute TSR and 39.4th percentile relative TSR .
Other Directorships & Interlocks
- Woodhouse serves on GPMT’s board; TWO originally spun out GPMT in 2017, indicating sector adjacency but no related party transactions were reportable in 2024 or 2023 .
- Additional current public boards: AKR and MNRO; no disclosed transactions with TWO suggesting conflicts .
Expertise & Qualifications
- Senior operating experience at Bridgewater, Soros, Auspex; leadership at Tiger Management and Salomon Brothers .
- Audit and risk oversight proficiency; Board recognition as audit committee financial expert .
- Education: Georgetown University (A.B., Economics); Harvard Business School (M.B.A.) .
Equity Ownership
| Holder | Shares Beneficially Owned (Mar 19, 2025) | RSUs vesting within 60 days | % of Class |
|---|---|---|---|
| Hope B. Woodhouse | 45,138 | 9,104 | <1.0% |
- Director stock ownership guideline: directors may not sell if post-sale holdings are below $300,000 market value; up to 40% of vesting shares may be sold for taxes; directors prohibited from hedging and pledging company stock .
Governance Assessment
- Strengths: Independent director; Audit Chair with audit committee financial expert designation; consistent attendance; strong anti-hedging/pledging policy; robust director ownership guideline; no related-party transactions reported in 2024/2023; executive pay oversight anchored in objective TER and TSR metrics .
- Alignment: Director compensation balanced between cash and time-vested RSUs; RSU vesting and change-of-control provisions use double-trigger terms, favoring shareholder alignment .
- Signals: Strong say-on-pay support (95.6% in 2024), indicating investor confidence in compensation governance .
- RED FLAGS: None disclosed; no hedging/pledging; no related-party transactions requiring disclosure; no attendance shortfalls flagged .
Note: Committee roles evolved year-over-year (ROC Chair in 2024 vs. Audit Chair in 2025), reflecting board deployment of Woodhouse’s finance and risk expertise across oversight functions .