The Trump Organization recently revealed that President-elect Donald Trump will not be involved in managing his real estate and branding empire during his upcoming second term. This decision comes as part of efforts to prevent conflicts of interest as Trump prepares to return to the White House.
One of the key steps taken by the organization is the appointment of an external ethics adviser to oversee major company actions. This move is aimed at ensuring transparency and accountability in the company's operations.
Among the measures outlined by the Trump Organization is a commitment to refrain from entering into new deals with foreign governments. Additionally, the company has pledged to donate any profits from foreign governments identified in its hotels and properties to the US Treasury.
While the ethics pledge addresses certain aspects of potential conflicts of interest, it remains silent on how the company will handle overseas business deals. Eric Trump, the company's executive vice president, has indicated that the firm will continue to pursue foreign business opportunities during his father's second term.
In a statement, the Trump Organization emphasized that there is no legal requirement for the incoming president to divest from his business interests. However, the company is committed to surpassing both legal and ethical obligations during Trump's Presidency.
These recent developments echo similar steps taken during Trump's first term in office. The organization's proactive approach to addressing conflicts of interest reflects a recognition of the importance of upholding ethical standards in business and government.
