Abstract
AbstractAnalysis of theUS Securities andExchangeCommission's (SEC) treatment of the concept of ownership in the federal proxy rules, between 1934 and 2010, suggestsSECsystems and procedures may not employ optimal organizational learning. Addressing this,Idevelop theLearningRegulatorFramework, a normative model facilitating organizational learning and allowing regulatory agencies to maintain awareness of, and adaptation to, socio‐economic realities in regulated environments, thereby promoting reflective, responsive, relevant, and efficient regulatory frameworks. The relevance of the model to other institutional settings is also considered.
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