Does anyone have any thoughts on the "Say on pay" proposal on the annual meeting ballot?

I like it, and I wonder why management is so afraid of it. After all, it's non-binding, and a lot other companies have passed say on pay and are doing just fine.

Management's main argument against it seems to be that a "say on pay" vote would allow shareholders to give management a vote of no confidence without explaining why, and that this somehow obstructs communication between shareholders and management. Instead, they argue that under the current set-up shareholders can contact management directly when they have concerns. I have read the proposal though, and I can't find where it says that investor relations has to stop answering the phone when say on pay is passed. Management's argument just doesn't hold water.

As a shareholder (and therefore part-owner), I am not sure I would vote against executive pay packages at WDR. I would like to know I have a voice in the process though, even if it is only advisory.