Read the following statement from the Business Council of Australia (2005) and then explain whether such a perspective ties in well with the very real need for corporations to embrace sustainable development for the good of the planet. On the basis of such a statement, to which stakeholder groups would corporations be primarily accountable according to the Business Council?

The litmus test for any activity or responsibility is whether the performance of that activity or responsibility can reasonably be seen to be contributing to the growth of shareholder value.