Angular: Empty Fiddle

http://angularjs.org/

HTML

<script src="http://code.angularjs.org/angular-1.0.1.js"></script>
<div ng-controller="Ctrl">
    <div special-select ng-model="currentBusinessStructure" ng-option="item for item in businessStructure">How is your business structured?</div>
    scope-businessStructure : {{businessStructure}}
</div>

JavaScript

var myApp = angular.module('myApp',[]);

    myApp.controller('Ctrl', ['$scope', function($scope){
        $scope.currentBusinessStructure = '';
        
        $scope.businessStructure = ['Monarchy', 'Corporation'];
    }]);

    myApp.directive('specialSelect', [function(){
    return {
        restrict: 'A',
        transclude: true,

        template:
                   '<label ng-transclude></label> \
                    <select ng-model="ngModel" ng-options="{{ngOptions}}" class="form-control"> \
                    </select> \
                    <br>INSIDE MY DIRECTIVE: {{ngModel}} : {{ngOptions}}',
        scope: {
            ngOptions: '@ngOption',
            ngModel: '='
        }
    };
    }]);