Which of the following practices makes the board of directors more effective at monitoring the mangers? Appointing the CEO of the firm as the chairperson of the board Allowing a small proportion of the board seats up for election in a given year Appointing the CEO as the chair of the audit committee of the firm Increasing the proportion of independent directors on the board Please fill in the blank. A director who is a major shareholder of the firm is an example of Unelected directors Independent directors Inside directors Grey directors