The company is set to release a series of ethics rules governing Donald Trump’s interactions with his business empire.

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.

The Trump Organization submitted an ethics plan for Donald J. Trump’s second presidential term that doesn’t rule out striking new deals with foreign companies — a break with its approach to managing conflicts of interest when he first took office.

The measures largely echo agreements the family made for his first term, including appointing an outside ethics lawyer and limiting Mr. Trump’s access to detailed financial information.

The Trump Organization announced Friday that President-elect Trump will have no involvement with the management of his family’s business and the company will donate profits received from foreign governments,

The Trump Organization unveiled a new ethics plan that it says will limit President-elect Donald Trump's involvement while he is in office.