Gayle King: What have you done with your business?

Ivanka Trump: I have no involvement with any of that. … I felt like proximity to my father and to the White House and– with my husband taking such an influential role in the administration, I didn’t wanna also be running a business. So I put it into trust. I have independent trustees. I have no involvement in its management, in this oversight and its strategic decision making.

Gayle King: But the trustees are family members, right? Your brother-in-law and your sister-in-law?

Ivanka Trump: They are.

Gayle King: So from the–

Ivanka Trump: But they’re completely independent. And I’m transparent about that.

Gayle King: But you can you see from the public point of view, yes, you put it in trust but it’s family members. They’re thinking, “Well, is she really not involved? Do you really not get on the phone and say, ‘What’s going on?’” You have no involvement–

Ivanka Trump: I take–

Gayle King: –whatsoever?

Ivanka Trump: –I take a legal document very seriously and I wouldn’t go through the pains of setting this up if I intended to violate it.

Gayle King: Did you think about selling the business?

Ivanka Trump: Because the name of the business is Ivanka Trump, had I sold the business an independent third party would be able to go around the globe today licensing and leveraging the name of the 45th president of the United States of America– complete unfettered.

Gayle King: I think the big concern people– that I keep hearing out there is that the family is benefiting financially in their own personal business while your father is in the White House in all sorts of ways.

Ivanka Trump: I would argue that if I had not come to Washington, D.C. and if I was in New York growing my business I would be doing far better than by placing the restrictions that I have placed on my team, and ensuring that any growth is done with extreme caution. So just practically speaking, if my interest was making money or growing my business, I would do far better to completely disengage and do exactly that.