Sunshine Hospital is in need of major renovation of its electrical system. One of the Sunshine's governing board members, Willy Watt, is an electrical contractor who is a partial owner of an electrical restoration company. He would like to bid on the project. May he? If he does, what must he do?
What must the governing board do?
Is there a problem with Mr. Watt's fiduciary duty? Is there a problem with the governing board's fiduciary duty? What would you recommend?