OECD Ministerial Council welcomes further consultation on the up-dating of the OECD Guidelines
OECD Watch calls for a review of the OECD Guidelines for MNEs
23 06 2009 - OECD Watch
OECD Watch, a network of more than 80 civil society organisations from around the world committed to promoting corporate accountability and sustainable development, would like to make clear its position about the urgency of reviewing both the substance and implementation of the OECD Guidelines.
On 24-25 June 2009, the OECD’s 30 member countries held their annual Ministerial Council Meeting with the aim of building “a stronger, cleaner and fairer world economy” to address and move beyond the current financial and economic crisis. Reckless and unethical business conduct has contributed to the severity of the crisis. OECD Watch therefore appealed to the Council to authorise the long-overdue review of the OECD Guidelines for Multinational Enterprises so that they can become an effective and credible tool for promoting responsible corporate behaviour worldwide. A positive response was received on the issue as the statement of the OECD Ministerial Council reads that it "welcomes further consultation on the up-dating of the OECD Guidelines for Multinational Enterprises to increase their relevance and clarify private sector responsibilities".
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OECD Watch Letter to Council on OECD Guidelines review 23-06-2009.pdf
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