October 6th, 2009
New Scorecard Added – Devon Energy Corp (DVN)
New Scorecard Added – Devon Energy Corp (DVN)
Company Name: Devon Energy Corp (DVN)
Industry: Oil & Gas Producers
InvesGuard has just released a Corporate Governance scorecard for Devon Energy Corp. (DVN). Devon Energy scores well in its Internal Audit Control Environment & Practices and adequate in terms of the independence of its Board of Directors and accountability of Senior Management, but shows poorly across our Environmental & Social Commitment criteria.
( Click here to view the detailed Devon Energy Corp’s scorecard)
Given that it is a Oil & Gas Producer, Devon Energy Corp’s poor showing on the Environmental and Social Commitment front could be of concern in the long term. From a reporting perspective, Devon Energy Corp publishes certain mandated information on Emissions and Safety Records, but is not specific about the goals it sets for itself on the Environmental Front, nor is does it make a public commitment by participation in such collaborative initiatives like the UN Global Compact. More information about Devon Energy Corp’s showing on the Social and Environmental segment of our scorecard can be found on Devon Energy Corp’s Company Page , under the “Social and Environmental” Tab.
On other fronts, Diversity and Independence remain issues of concern with the Board of Directors of Devon Energy Corp.
The company does however perform well across our Internal Audit Environment criteria and demonstrates a well developed Audit mechanism with independent committee members.
Devon Energy Corp’s Overview and Scorecard
Other companies covered by InvesGuard in the Oil & Gas Producers industry include:
- Vaalco Energy
- Chesapeake Energy
- Conoco Phillips
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Tags: scorecards
