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

Donald Trump will hand over daily management of his multi-billion-dollar real estate, hotel, golf, media and licensing portfolio to his children when he enters the White House, the Trump Organization said on Friday,

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 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.

U.S. President-elect Donald Trump won't be involved in the day-to-day management of the Trump Organization once he takes office, the Wall Street Journal reported on Friday, citing an ethics plan from the company.