Business leader and philanthropist Rupert Myer says corporate leaders are too slow to recognise home-grown talent in Australia’s cultural and creative community, leading them to miss out on productivity-enhancing opportunities and the chance to foster innovation.

Challenging Rich Listers and philanthropic donors to do more to build Australia into a lasting cultural powerhouse, the Myer family scion will tell the National Press Club that leadership on the arts can make the country healthier, happier and more prosperous.