In the question below, a sentence is given with two words missing. You are given five options each containing a pair of words that can or cannot be filled in the blanks to make the sentence contextually and grammatically correct. Identify the words that are similar in meaning and make the sentence contextually and grammatically correct. This particular section records the speeches following the appointment of a new ______, when the noblemen appear to compete for the most eloquent articulation of what an ideal ______ should be and do.

'Trustee' (an individual person or member of a board given control or powers of administration of property in trust with a legal obligation to administer it solely for the purposes specified), 'rendezvous' (a meeting at an agreed time and place), 'rector' (the head of certain universities, colleges, and schools), 'precedent' (an earlier event or action that is regarded as an example or guide to be considered in subsequent similar circumstances), 'autocrat' (a ruler who has absolute power), 'steward' (an official appointed to supervise arrangements or keep order at a large public event) and 'monarch' (a sovereign head of state, especially a king, queen, or emperor).