Are patent holders who receive royalty payments from ineligible companies considered to be owners of those companies?
No. Individuals who receive patent royalties from ineligible companies are not considered owners or employees of those companies. Those individuals may control content in accredited continuing education, if the appropriate steps are taken:
- As described in Standard 3, individuals who may be in a position to control accredited continuing education are expected to disclose all their financial relationships with ineligible companies within the past 24 months to the provider, including royalty payments.
- Providers must then determine if the relationship, in this case, royalty payments, is relevant to the educational content.
- If so, the provider needs to take steps to mitigate the relationship and disclose the relationship to learners.