FL S1270

Establishes a fiduciary duty of care requiring appointed public officials and executive officers to act within their authority, maintain reasonable oversight, stay informed about entity affairs, and avoid conduct damaging to the governmental entity's financial interests

Mandates 5 hours of board governance training per term for appointed public officials and executive officers beginning January 1, 2021, covering topics including corporate governance principles, fiduciary duties, financial accounting, and executive performance evaluations

Requires the Department of Business and Professional Regulation to contract for or approve training programs, including web-based options, or publish a list of approved training providers such as Florida College System institutions and state universities

Exempts officials serving governmental entities with annual revenues under $100,000, those holding elected office in another capacity, or those completing equivalent fiduciary training required under other state law

Requires majority vote approval by the governmental entity for appointing executive officers and general counsels, and mandates that legal counsel represent the entity's interests rather than any individual employee's interests