The Trump Organization announced a comprehensive new ethics plan on Friday aimed at curbing President-elect Donald Trump’s involvement in the company during his time in the White House. The plan, first reported by The Wall Street Journal, seeks to address concerns regarding potential conflicts of interest. It will limit Trump’s access to management decisions and financial details of the business, as he transitions into his role as President.
In a significant move, the company has appointed attorney William Burck as its new outside ethics advisor. His role will be to ensure that the organization adheres to its legal and ethical commitments. Trump will only receive general business updates, as outlined in a five-page white paper that details the ethics guidelines. This document was shared with CNBC, highlighting the company's intent to maintain transparency and accountability.
"The Trump Organization is dedicated to not just meeting but vastly exceeding its legal and ethical obligations during my father's Presidency." – Eric Trump
Eric Trump, executive vice president of The Trump Organization, emphasized that the ethics plan is crucial for maintaining the integrity and reputation of the company. He reiterated that these measures are proactive steps to separate President-elect Trump's business interests from his presidential duties. The company aims to conduct its operations ethically and responsibly, ensuring that any potential conflicts of interest are mitigated.
The plan's implementation is seen as a strategic approach to uphold the company's standing while President-elect Trump serves in public office. By limiting his access to financial information and management decisions, the organization aims to demonstrate its commitment to ethical business practices.