UPDATE ON OECD WATCH - Multinational Enterprises and Investment.
Round Table meeting on the OECD Watch to discuss a.o.t. representation, structure of the network, future activities.
Amsterdam, 3 and 4 December 2003.

IRENE from the Netherlands took the initiative to host a meeting with the steering group and several NGOs from various continents to discuss the aims, structure, strategy and activities of the OECD network.
At the training seminar on the OECD Guidelines, held in March 2003, a steering group of NGOs was mandated to start work on the follow up.

The outcomes of this December meeting can be downloaded here (pdf file, 2 pg, 75 Kb):
To view and print pdf-files you can download for free Adobe Acrobat Reader at:http://www.adobe.com/products/acrobat/readstep2.html

OECD WATCH aims to help facilitate NGO activities on the OECD Guidelines and on the work of the OECD's Committee on International Investment and Multinational Enterprises (CIME).

Mission Statement / Goals:

OECD WATCH, which was established in March 2003 at a meeting in Amersfoort, Netherlands. NGOs and trade unions from Europe, North America, Africa and Asia came together to share a common vision about the need for corporate accountability and sustainable investment.
The "OECD Guidelines for Multinational Enterprises", which can neither impose sanctions nor offer compensation, are at present one of the few mechanisms available for holding companies to account.
OECD WATCH are committed to testing the "Guidelines" as part of the wider NGO campaign towards binding regulation of multinationals.

Members of OECD WATCH are committed to the following goals:

• Monitoring and contributing to the work of the OECD's Committee on International Investment and Multinational Enterprises;
• Testing the effectiveness of the "OECD Guidelines for Multinational Enterprises" as a corporate accountability tool;
• Disseminating information to civil society groups, particularly in developing countries, about the work of CIME on international investment, corporate governance and the OECD Guidelines;
• Advising NGOs about filing complaints against companies alleged to have breached the "OECD Guidelines".

NGOs will be asked to become member of the network. Please have a look at www.oecdwatch.org

For more information contact:peterpennartz@irene-network.nl

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