The votes are advisory only, meaning theyre non-binding, but they do have a impact.
Most public companies get over 90% approval and anything under 70% is considered pretty dismal.
Netflix, Disney (under Bob Igers previous tenure) and others have faced shareholder dissent.
Warner Bros. Discovery CEO David ZaslavKevin Mazur/Getty Images for Warner Bros. Discovery
Public companies have been required to hold say-on-pay votes since 2010 under the Dodd-Frank Act.
Most hold one every year.
ISS, an influential shareholder advisory service, recommended a vote against WBDs compensation in a report last month.
The CEOs employment agreement was recently materially amended and maintains a problematic severance arrangement.
In addition, the CEOs annual bonus and target bonus opportunity remain outsized.
Earlier this year, WBD announced thatpart of Zaslavs compensation will now be linked to free cash flow.
