Punam Was the Director of a Broadly Held Corporation That

Punam was the director of a broadly held corporation that made educational software. Without the knowledge or consent of the board of directors, Punam started a competing business that she ran from home. Which of the following is true?

A) Punam has breached a fiduciary duty owed to the corporation.
B) Punam is only a director, so she owes no special duty to the corporation.
C) Punam can compete with the business, as long as she doesn't use confidential documents belonging to the corporation.
D) Punam owes the shareholders of the corporation a fiduciary duty, so they could sue her if they suffer a loss.
E) Whether or not Punam can compete with the business depends on whether her written contract prohibits it.