Decorated for his exploits in danger, perhaps (9)
I believe the answer is:
garnished
'decorated' is the definition.
(garnishing is a kind of decorating)
'his exploits in danger perhaps' is the wordplay.
'exploits' is an anagram indicator (I've seen 'exploited' mean this).
'in' is an insertion indicator.
'perhaps' indicates an anagram.
'his' with letters rearranged gives 'ish'.
'danger' is an anagram of 'garned'.
'ish' placed into 'garned' is 'GARNISHED'.
'for' is the link.
(Other definitions for garnished that I've seen before include "Added parsley, perhaps" , "Decorated" .)