Corporate Governance

Corporate governance relates to the activities of Westport Fuel Systems Board of Directors and Westport Fuel Systems structures, traditions, and processes of leadership and stewardship. It relates to accountability oversight, role definitions, and the assignment of power and responsibilities governing our communications with Shareholders. Corporate governance is about creating a culture of openness among all of our stakeholders. We believe that effective corporate governance is critical to the continued and long-term success of Westport Fuel Systems and contributes to maximized Shareholder value over time.

Key objectives of our corporate governance include:

  • to satisfy prospective investors, directors, strategic partners, employees, customers, suppliers, regulators and the public that Westport Fuel Systems governance standards and practices are sound, transparent and characterized by integrity;
  • to demonstrate to Westport Fuel Systems stakeholders that the organization is trustworthy, effective and ethical;
  • to promote high levels of individual and organizational performance and accountability;
  • to establish diligence in addressing governance issues, recognizing that governance failure can be very costly and can result in negative publicity, loss of shareholder and organizational support, costly litigation and other penalties; and
  • to communicate corporate governance practices in the most relevant and user-friendly framework as possible, consistent with "best practices" in the field.

The following documents provide further insight into our corporate governance policies and practices here at Westport Fuel Systems:

Downloads

News Releases

August 29

Westport Fuel Systems to Repay Existing Debentures at Maturity

Early Termination of Debenture Tender Offer and Cancellation of Meeting of Debentureholders

August 14

Westport Fuel Systems Reports Second Quarter 2017 Financial Results

Enhanced Liquidity and Continued Execution on Stated Goals

August 7

Westport Fuel Systems to Announce Second Quarter Results on Monday, August 14, 2017

To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call on Monday, August 14, 2017 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

July 28

Westport Fuel Systems Announces Underwriters' Exercise of Over-Allotment Option

Westport Fuel Systems Inc. announced today the exercise of the underwriters' option from its previously announced offering to purchase an additional 2,425,000 common shares at the Offering price of US$1.50 per share. With the exercise of the option, Westport issued a total of 19,125,000 common shares under the offering for gross proceeds of US$28,687,500.

July 19

Westport Fuel Systems Closes Offering of Common Shares

Westport Fuel Systems Inc. announced today the closing of its previously announced offering of 16,700,000 common shares at a price of US$1.50 per share, for gross proceeds of US$25,050,000.