Religion, organization and company law – a case study of a Quaker business

This paper examines the effect of changes in corporate law in the mid-nineteenth century – incorporation and limited liability – on the ownership, control and socio-economic objectives of a Quaker family firm between 1841 and 1972. The Religious Society of Friends (Quakers) were well-known for adhering to internalized quasi-legal rules and self-governance, and had a strong reputation, which persists today, for trust, integrity and honesty in all...