In the context of governance, which of the following are the reasons why excessive executive compensation suggests evidence of a failure of corporate boards to fulfill their fiduciary duties? Multiple select question. The compensation received by board members is determined by the chief executive officer, which creates a conflict of interest. Board members often hand-select senior executives. Executives usually have a strong incentive to focus on long-term corporate interests rather than short-term stock value. Executives being evaluated and paid often serve as chair of the board of directors