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