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Of the following policy changes, which would be the most likely to REDUCE potential conflicts of interest between stockholders and managers?a.A firm's compensation system is changed so that managers receive larger cash salaries and no long-term options to buy stock.b.The company changes the way executive stock options are handled, with all options vesting after one year rather than having 20% of the options awarded vest every two years over a 10-year period.c.The company's outside marketing firm is given a lucrative year-by-year consulting contract with the company.d.Congress passes a law that severely restricts hostile takeovers.e.The composition of the board of directors is changed from all inside directors to all outside directors, and the directors are compensated with stock rather than cash.

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