The Trump Organization unveiled a new ethics plan that it says will limit President-elect Donald Trump’s involvement while he is in office.
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 said it"will not enter into any new material transactions or contracts with a foreign government."Trump will have"limited access" to the company's financial information, receiving only"general business updates," according to a five-page white paper on the ethics plan shared with CNBC.
The white paper does not specify whether the company will be able to do new business with private foreign entities.The Trump Organization on Friday also said that, as it did during Trump's first term, it will once again donate to the U.S. Treasury the profits from foreign governments at its hotels and similar businesses.
"The Trump Organization is dedicated to not just meeting but vastly exceeding its legal and ethical obligations during my father's Presidency," Eric Trump said in a separate press release.
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