This study explores the management of forest resources from perspective of rural communities and other stakeholders who use those resources in different ways for a wide variety of reasons. The purpose of this study was to identify and understanding key issues related conflicting interests of different stakeholders in governing and utilization of forest resources. The relationships between forest resources and people are mediated through institutions. Institutional arrangements shape resource access and control, and are fundamental to understanding patterns of stakeholders’ interests. This study grouped stakeholders into three groups, which were regulators, facilitators and users with different interests with regard to conservation and use of forest resources. Combining a focus on securing livelihoods with rural community negotiating and decision making processes enables this study to discuss and analyze among different stakeholders which is a key to achievement of more equitable forest resource management and distribution of benefits. This study analyzed and understands conflicting interests of different stakeholders that take place within community as a result of governing, and utilization of forest resources.