Drawing from advances in Organisation Studies and recent debates within Economic Sociology and the Sociology of Financial Markets, this paper proposes a theoretical framework that characterises the mutual adaptation between formal routines, rules and actual performances as iterative cycles of...

This paper analyzes the design, refinement, and evolution of organizationalpolicymaking processes, that is to say, organizational governance. Governance procedureslike other aspects of organization are refined through time to advance formeteurinterests. Several mechanisms of evolution are...