Australian chief executives 'admit underperforming'

A new report has indicated that many Australian chief executives believe they could be more productive in the workplace.

Conducted by the Australian Institute of Management (AIM), the study saw just over one-quarter of corporate bosses concede that their performance levels are not what they could be, the Herald Sun reports.

When confronted with the statement "I could be putting more effort and input into my current role", 26 per cent of chief executives and board members said they agreed or strongly agreed.

Susan Heron, chief executive for the AIM Victoria and Tasmania, said the findings were "symptomatic of a 'she'll be right, mate' approach to business".

She added that Australia suffers from "inconsistent standards of leadership and management" that have stemmed from its status as a highly "resource-rich country".

Bank executives in Australia could see their salaries capped under the Labor government's forthcoming financial reforms, according to comments made by treasurer Wayne Swan earlier this month.