$17.$ Peter, who is a director, holds a large number of shares in WE Electric Inc. He also a director of Shipbuilding Co$.$ Shipbuilding Co$.$ requires turbogenerator sets for the large ship under construction. WE Electric is one of several manufacturers of turbogenerator. It is the interest of Peter to make sure that Shipbuilding obtains a good quality of equipment at the lowest price, and of the same time, it is his interest to make sure that WE Electric Inc. obtains the contract with the highest possible price. Peter is faced with conflict of interest which is a violation of fiduciary duty. Peter did not profit from the transaction. What should Peter do$?$

a$.$

Disclose his interest with WE Electric Inc. and abstain from voting during deliberation of the contract.

b$.$

Since deal in good faith and Peter did not profit from contract, endorse the contract Shipbuilding Co$.$ directors$$ meeting.