Recently the Federal Government launched its National Cultural Policy: $300 million in funding across music, literature, art and more. It's shone a light on the way cultural institutions are run: the way they spend money and the way they foster creativity.

And now one arts leader says the business community can learn a valuable lesson from some of our oldest institutions.

Paul Duldig is the Chief Executive of State Library Victoria - Australia’s oldest and most prestigious public library. He talks to Sean Aylmer about the key to evolving, remaining relevant and becoming sustainable.