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' is an anagram indicator.
'his' with letters rearranged gives 'ish'.
'danger' with letters rearranged gives 'garned'.
'ish' put within 'garned' is 'GARNISHED'.
'for' is the link.
(Other definitions for garnished that I've seen before include "Added parsley, perhaps" , "Decorated" .)