OECD Watch welcomes the Investment Committee’s initiative to prepare for and consult stakeholders on a potential update of the OECD Guidelines. In preparation for the review of the Guidelines and in order to provide the most thorough and constructive input possible, OECD Watch has conducted an extensive round of internal consultations among all 88 OECD Watch members as well as a number of key non-OECD Watch NGOs. Based on these consultations, OECD Watch has compiled a list of key issues that must be addressed in a review of the OECD Guidelines. The key issues fall into three categories: conditions and modalities for the review process, scope and issues related to the substantive provisions of the Guidelines, and Procedural Guidance-related issues.