Most votes are non-binding in these matters across most corporations. Heck, most corporate votes are non-binding except for ones like board membership, mergers

Most votes are non-binding in these matters across most corporations. Heck, most corporate votes are non-binding except for ones like board membership, mergers and (in some cases) issuing new shares. In theory, it should scare the board away from this compensation level (and provide justification the board can use to offer a lower compensation). If they fail to do so, it might be used by an outside group to try to take over the board. After all, it's like most elections. The counterbalance is you vote on the board and can get them out.