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 document downloads area on the right provide further insight into our corporate governance policies and practices here at Westport Fuel Systems.

News Releases

May 31

Westport Fuel Systems Announces New Chief Financial Officer

Westport Fuel Systems Inc. today announced the appointment of Mike Willis as Chief Financial Officer ("CFO") effective June 11, 2018. Ashoka Achuthan, Westport Fuel Systems current CFO, will step down from his position but continue to serve as an advisor to the leadership team through a transition period.

May 9

Westport Fuel Systems Publishes 2018 Annual and Special Meeting of Shareholders Results

Westport Fuel Systems Inc. held its Annual and Special Meeting of Shareholders on Monday, May 7, 2018 in Toronto, Ontario.

May 8

Westport Fuel Systems to Announce First Quarter Results on Friday, May 11, 2018

Westport Fuel Systems Inc. announced today that it will disclose its financial results for the first quarter ended March 31, 2018 on Friday, May 11, 2018 before market open. To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call for Friday, May 11, 2018 at 8:30 am Eastern Time.

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