Corporate Governance

Strong and effective corporate governance is critical to protect shareholder rights, to maximize shareholder value, and to build investor confidence.

The Westport Fuel Systems Board of Directors is committed to upholding the highest standards of corporate governance and fulfilling its duties of stewardship and accountability.

Corporate governance encompasses our commitment to a culture of integrity and ethical and sustainable business practices. We believe that effective corporate governance is vital to the continued and long-term success of Westport Fuel Systems and contributes to maximized shareholder value over time.

Our corporate governance commitment includes the following key objectives:

  1. 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;
  2. To demonstrate to stakeholders that Westport Fuel Systems is committed to integrity through ethical, trustworthy, and effective business practices;
  3. To promote high levels of individual and organizational performance and accountability;
  4. To maintain a robust corporate governance framework which ensures diligence in identifying and addressing matters with a focus on continuous improvement;
  5. To communicate corporate governance practices in the most relevant and user-friendly framework as possible, consistent with best practices in the field.

The governance documents below provide further insight into our corporate governance policies and practices.

News Releases

September 23

Westport Fuel Systems Clarifies Statements Regarding the Chinese Certification of Weichai Westport’s WP12HPDI Natural Gas Engine

to clarify market news regarding its Weichai Westport Inc. joint venture and WWI's 12-liter engine equipped with the HPDI 2.0™ fuel system

September 18

Weichai Westport Secures Chinese Certification for WP12 Natural Gas Engine Powered by HPDI 2.0

Westport Fuel Systems Inc. today announced that its Weichai Westport Inc. joint venture has received certification from the Ministry of Ecology and Environment of China for its 12-liter engine equipped with the HPDI 2.0 fuel system

September 15

Westport Fuel Systems Combines Businesses to Better Serve Growing Indian Market

Transaction Provides Cost Efficiencies and Greater Product Choice for Customers

August 31

Westport Fuel Systems Awarded Key Electronics Supply Contract

Estimated revenue of US$58 million over seven-year period

August 11

Westport Fuel Systems Secures €7 Million Loan from Deutsche Bank

Further strengthens liquidity of Emer S.p.A in Brescia, Italy

Industry News

Published: July 17

Egypt launches ambitious strategy to shift from gasoline to natural-gas powered cars

Egypt has launched an ambitious plan to shift the primary fuel for vehicles in its jurisdiction from petrol and diesel to compressed natural gas.

Published: March 26

Coronavirus Economic Fallout May Boost NGVs as Alternative Transportation

Natural gas vehicles (NGV) may get a boost as power markets and renewable equipment production are seen as potential casualties.

Published: March 16

Europe Increasingly Turns to CNG, LNG

The statistics not only show continuously growing sales of CNG and especially liquefied natural gas fueled vehicles, but also the growth of corresponding fueling infrastructure.

Published: March 12

Finnish heavy-duty transport expert Simeon: ”Gas is energy of the future”

Simeon’s gas-powered Volvo is used to transport gas for partners. Stenberg is pleased with the new tractor unit.

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