Conflict of Interest as a Negative Phenomenon of Society

Abstract

Conflict of interest is a negative phenomenon that we encounter every day of our lives. Society around the world, including Kosovo, encounters conflict of interest even without being aware that it is contrary to the legal basis of the country where it works or operates. People often have one-sided preferences, through which they favor others, thus offering them opportunities for benefits which in many cases make them gain power. Conflicts of interest can occur whenever we take action that brings us personal benefits. The authors based on their research have concluded that conflict of interest is a personal conflict of interest versus organizational conflict of interest. Economists in recent times are debating whether it is necessary to adopt a code of ethics to deal with widespread concerns about conflict of interest. But unfortunately the unethical behavior of man at work towards money and wealth is like a magnet which can not be detached.