Shared Dropdown Datasource Updating?

I have a goal to have dropdowns populate using a string array as the datasource. Re-binding works well in the dropdown event, but if I make a change to a currently selected line item it won't change until I make the box dropdown again. Is there a way to keep this updated without re-binding the data?

Also, this is one of several dropdowns on an MDI child form. I'd like to make sure they're all synced. For instance if one has "Bob" selected and I change Bob's name to "Chris" I need all the "Bob" dropdowns to change to "Chris". Is there a way to do that without having to cycle through all the windows and call a rebind function?

Finally, I want to know if there's a better way to do it than the way I'm doing it. Since all these children have to be synced, the MDI parent holds the String array as a public property and the children each leech off of it.