Trump's company is not agreeing to a blanket stop on new foreign business transactions.

The Trump Organization on Friday announced that President-elect Donald Trump will not have any involvement in managing his real-estate and branding empire during his second term and appointed an outside ethics adviser to monitor major company actions – part of several measures the organization said it was taking to avoid conflicts of interest as Trump prepares to return to the White House later this month.

The Trump Organization unveiled a new ethics plan that it says will limit President-elect Donald Trump’s involvement in management decisions and other aspects of the business while he is in the White House.

The Trump Organization announced Friday that the company will not enter into new agreements with foreign governments while Donald Trump is in office.

The measures, which were immediately called insufficient by ethics lawyers, included appointing an outside lawyer and limiting Mr. Trump’s access to detailed financial information.

The company is set on Friday to release a series of ethics rules governing the incoming president’s interactions with his business empire.

Donald Trump’s controversial family business was dogged by ethics questions during his first term. Those questions are multiplying now.

Trump's company says it won't strike direct deals with foreign governments after inauguration, but can make deals with private foreign companies.

The Trump Organization issued an ethics agreement that it said would govern how the family and President-elect Donald J. Trump would conduct themselves over the next four years.

U.S. President-elect Donald Trump's company said Friday it has retained William Burck, a managing partner of U.S. trial firm Quinn Emanuel Urquhart & Sullivan and longtime Republican insider, as its outside ethics advisor.

The report claims that the discussions were "preliminary and may not lead to any sale" to the Trump Organization, but that they are interested in the property.

Discussions about a new Trump-branded vodka centered on Eric Trump Wineries and an LLC that would use the Trump name under a license agreement, two sources said.