Thursday, March 30, 2017
The American public is still unclear on what role Ivanka Trump plays in her father’s administration, but in order to address any concerns, Ivanka gave up the day-to-day control of her company and transferred its assets to a trust, which will be overseen by her husband’s relatives. Under the trust, she can address potential conflicts in two ways: rescue herself from related political business or veto a potential business deal for the company. Additionally, Ivanka is the sole beneficiary of the trust and will continue to receive financial reports about her company. Seemingly, Ivanka is trying to pre-emptively act to comply with all conflicts of interest requirements.
See Rachel Abrams, Despite a Trust, Ivanka Trump Still Wields Power over Her Brand, N.Y. Times, March 20, 2017.
Special thanks to Savannah Edwards (J.D. Candidate, Texas Tech University School of Law) for bringing this article to my attention.