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I think it is a conflict of interest, but
1. many Chapters have that situation
2. the sponsor might be an individual who signed up to PMI's code of ethics, the ATP will be a company, so strictly speaking they are not the same legal entity
3. our lives are full of conflicts of interest, always when we have commitments to 2 or more parties, it constitutes a conflict of loyalties.
4. there are provisions for handling conflicts of interest, like disclosing it, disclosing specific decision points that might be affected and - for example - withdrawing from such decisions.
5. if anyone is in doubt they can gather evidence and issue an ethical complaint
Could you clarify what you mean by "Sponsor" in this context? What is the individual sponsoring? If it is a training offering for Chapter members, then absolutely. On the other hand, if they are contributing funding alongside other third-party companies to an event such as an annual symposium, then this doesn't feel like a conflict of interest so long as they are not given preferential treatment when training providers are being selected by the Chapter leadership.
I do agree with Kiron. It should be clarified. However, Thomas made a few valid points.
I answered on your other thread. Let's explore this a little more. Can the position of sponsor provide an unethical advantage to the ATP? Can the position of ATP provide an unethical advantage to the sponsor?
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