This excerpt taken from the DVN DEF 14A filed Apr 27, 2007.
Compensation Committee and Compensation Consultant
Our executive compensation philosophy is established by the Compensation Committee of the Board of Directors (the Committee), which also administers the overall executive compensation program. The Committee operates under a written charter approved by the Board of Directors. The charter is available on our website at www.devonenergy.com. In 2006, the Committee retained the services of an independent compensation consulting firm, Mercer Human Resource Consulting (the Compensation Consultant), to assist with executive compensation program design, calibration of the program to our performance and the competitive market, to monitor program effectiveness, and to review the competitiveness of our executive compensation program. The Compensation Consultant provides competitive compensation information through an analysis of our peers and other relevant companies.