FIA president Jean Todt says the governing body "should have complete control as the regulator and the legislator of Formula 1".
The governance of F1 has come under increased scrutiny in recent months as the teams, FIA and Bernie Ecclestone fail to agree on changes to the qualifying format and 2017 regulations. The situation has even seen the drivers voice their concerns over what they described in an open letter as an "obsolete and ill -structured" decision-making process.
When asked if he would change the governance structure immediately if it gave the FIA full power, Todt - who said he will not be a dictator - replied: "That would be logical.
"The FIA should have complete control as the regulator and the legislator of Formula 1. But historically it has not been like that. It is what I have inherited. It is like that."
However, Todt warns it is likely F1 will remain in its current state at a governance level - which can often lead to an impasse - until 2020 when agreements will be up for renewal.
"The governance is not good, but the governance has been there for decades. We must wait until the renewal of the Concorde Agreement by 2020 and decide to change the governance.
"We are in 2016, and it cannot be until 2020. We cannot get out of this governance. Unless the teams, the commercial rights holder and the FIA decide to change, then we can do it tomorrow."