Meeting analysts' expectations, pressure from the public and media, and the Australian Stock Exchange's new disclosure regime threaten the daily operation of listed companies, the chief executive of Wesfarmers, Michael Chaney, has warned.

Speaking at the Association of Superannuation Funds of Australia's conference on Friday, Mr Chaney said one of the biggest challenges for company executives was dealing with the expectations of others, at times to the detriment of the business.

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