The reduction of oxygen has been studied on octadecylmercaptan self-assembled monolayers adsorbed on gold substrates in borate buffer solutions with a rotating disc electrode. A great inhibition of the oxygen reduction and other electrochemical reactions by these monolayers has been found. However, after polarisation at -0.80 V(SHE) the protecting properties of the film against electron transfer reactions are lost, and a behaviour similar to bare gold is observed. Ex situ XPS indicates that the thiol monolayer has not been desorbed to a large extent during oxygen reduction. Disorders of the monolayer structure and desorption of thiol molecules are proposed as the main reasons for the accessibility of electrochemical reactions to the surface.