Eliminating Conflicts of Interest: The Perspective of Jewish Law
34 Pages Posted: 18 Aug 2013
Date Written: August 16, 2013
This paper demonstrates how Jewish law (halacha) is concerned with conflicts of interest. In fact, it is not only witnesses and judges that have to consider the presence of conflicts of interest; the rules also apply to public officials, CEOs, auditors, and any individual who has a fiduciary relationship with another party. An official who does not reveal a conflict of interest is in violation of several biblical laws including the prohibition against taking bribes and “placing a stumbling block before the blind.” Numerous cases from the Talmud are provided to see how the sages dealt with conflicts of interest.
Keywords: Jewish law, conflicts of interest, bribes, ethics, and honesty in business
JEL Classification: A22, A23, G18, G21, G28, M14, Q28, Q20, Q38, D81, M19
Suggested Citation: Suggested Citation