A global investment firm, Alpha Invest, is experiencing increasing discontent among its shareholders regarding executive compensation practices and overall corporate governance transparency. Some shareholders claim that the compensation packages are excessively high relative to the company's financial performance, while others are concerned about the lack of detailed disclosures about how performance metrics are determined. In response to these concerns, the board has proposed implementing a new policy that would require an annual advisory vote by shareholders on executive compensation, along with enhanced disclosures about the criteria for performance-based pay.

Regarding the proposed changes, which of the following statements accurately reflects shareholder rights in the context of corporate governance?