Eliminating Conflicts of Interest: The Perspective of Jewish Law

34 Pages Posted: 18 Aug 2013

See all articles by Hershey H. Friedman

Hershey H. Friedman

City University of New York - Department of Business Management

Date Written: August 16, 2013

Abstract

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

Friedman, Hershey H., Eliminating Conflicts of Interest: The Perspective of Jewish Law (August 16, 2013). Available at SSRN: https://ssrn.com/abstract=2311340 or http://dx.doi.org/10.2139/ssrn.2311340

Hershey H. Friedman (Contact Author)

City University of New York - Department of Business Management ( email )

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