Giles G. Powers, president of Powers Placement Services, Inc., is also a company director. As the result of a dispute with other members of the board of directors, Powers created Giles Placement Services, Inc. Powers

a. Has NOT breached his fiduciary duty to Powers Placement Services, Inc., even if Giles Placement Services, Inc., competes for the same business as long as proper notice was given.

b. Would have no fiduciary duty to Powers Placement Services, Inc., if he resigned his position as president and board member before organizing the new business.

c. Would only be restricted from competing with Powers Placement Services, Inc., if a noncompete agreement had been entered into.

d. Has a fiduciary duty to Powers Placement Services, Inc., as long as his name remains part of the company name.