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1 H. Hansmann and R. Kraakman ‘The End of History for Corporate Law’, The Georgetown Law Journal, vol. 89 (2001), p. 441. [return to text]

2 Henry Hansmann, The Ownership of Enterprise (Harvard University Press, 1996), p. 11. [return to text]

3 John Kay and Aubrey Silberston ‘Corporate Governance’, National Institute Economic Review, (August 1995), pp. 87-88. [return to text]

4 This paragraph and the next section draw heavily on Hansmann, The Ownership of Enterprise. [return to text]

5 Hansmann, The Ownership of Enterprise , pp. 98-103. [return to text]

6 Hansmann, The Ownership of Enterprise, p. 122. [return to text]

7 Hansmann, The Ownership of Enterprise , p. 1. [return to text]

8 Hansmann, The Ownership of Enterprise , p. 295. [return to text]

9 Hansmann, The Ownership of Enterprise , pp. 294-295. [return to text]

10 Hansmann, The Ownership of Enterprise , pp. 5, 294. [return to text]

11 Hansmann, The Ownership of Enterprise , p. 289. [return to text]

12 ‘A survey of capitalism - punters or proprietors’, The Economist (5 May 1990), quoted in Robert Monks and Allen Sykes, Capitalism without owners will fail: A policymaker’s guide to reform (Centre for the Study of Financial Innovation, 2002), p. 8. [return to text]

13 The succeeding paragraphs in this section draw heavily on Hansmann and Kraakman, ‘The End of History for Corporate Law’. [return to text]

14 Hansmann and Kraakman, ‘The End of History for Corporate Law’, pp. 440-441. [return to text]

15 Kay and Silberston, ‘Corporate Governance’, p. 91. [return to text]

16 Kay and Silberston, ‘Corporate Governance’, p. 95. [return to text]

17 Hansmann and Kraakman, ‘The End of History for Corporate Law’, p. 444. [return to text]

18 Kay and Silberston, ‘Corporate Governance’, p. 86. [return to text]

19 Kay and Silberston, ‘Corporate Governance’, p. 88. [return to text]

20 Hansmann and Kraakman, ‘The End of History for Corporate Law’, p. 454. [return to text]

21 Hansmann and Kraakman, ‘The End of History for Corporate Law’, p. 441. [return to text]

22 Hansmann and Kraakman, ‘The End of History for Corporate Law’, p. 468. [return to text]

23 Hansmann and Kraakman, ‘The End of History for Corporate Law’, p. 451. [return to text]