The Trump Organization on Friday announced that President-elect Donald Trump will place his investments into a trust controlled by his children and will have limited access to the company during his presidency.
The organization released a five-page ethics plan on Friday that included several of the adjustments the company will make while Trump works from the Oval Office. The organization has also hired a new ethics advisor to ensure the company meets and exceeds its ethical and legal obligations.
The release comes 10 days before Trump is set to take office on January 20.
The company said that Trump would not be consulted on most matters related to the business and would only receive “general business updates,” according to NBC News. The investments will also be managed independently by “outside financial institutions” that will not seek his input on specific holdings or transactions.
It also said the company “will not enter into any new material transactions or contracts with a foreign government, except for Ordinary Course Transactions,” but does not mention whether it would do business with any foreign private entities. […]
— Read More: justthenews.com
