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DVN » Topics » Role of the Compensation Consultant

This excerpt taken from the DVN DEF 14A filed Apr 24, 2009.
Role of the Compensation Consultant
 
For the 2008 compensation process, the Committee retained the services of an independent compensation consulting firm, Hewitt Associates LLC (the “Compensation Consultant”), to evaluate the competitiveness of our programs and assist with executive compensation program design. The Committee did not direct the particular manner or method in which the Compensation Consultant would perform these services. The Committee has the final authority to hire and terminate the Compensation Consultant, and the Committee evaluates the performance of the Compensation Consultant annually. The Company’s Board of Directors has a policy that prohibits the Compensation Consultant from providing other services to the Company, or its management, without prior review and approval by the Committee. During the 2008 compensation process, the Compensation Consultant provided no services to the Company or its management other than the services described in this CD&A.
 
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Commitment Runs Deep

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