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.
Trump's company is not agreeing to a blanket stop on new foreign business transactions.
The plan bans new deals between the Trump Organization and foreign governments − but not foreign businesses, as had been the case in the first Trump administration. It also outlines a review process for several transactions that meet a certain threshold like purchases over $10 million or leasing more than 40,000 square feet of real estate space.
The Trump Organization announced Friday that the company will not enter into new agreements with foreign governments while Donald Trump is in office.
The company is set to release a series of ethics rules governing Donald Trump’s interactions with his business empire.
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 measures, which were immediately called insufficient by ethics lawyers, included appointing an outside lawyer and limiting Mr. Trump’s access to detailed financial information.
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.
Donald Trump’s controversial family business was dogged by ethics questions during his first term. Those questions are multiplying now.
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.
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.