ABSTRACT

The emergence of a profit-sharing scheme in the Hans Renold company in

1920 with its particular emphasis on accounting numbers and principles and

in the very early years of the Company's history. Moreover, events and

pressures which occurred in the 5 years or so preceding the scheme's

framework of organisational and environmental requirernentJ with the

which concludes with the scheme as an inevitable and natural consequence of

a linear chain of events. In addition, the corollary to such an approach could

then lead to a position whereby the very intertwining of accounting and

industrial relations itself takes on the characteristic of a similar inevibility.