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

June 4

Westport Fuel Systems Reports First Quarter 2020 Financial Results

Westport Fuel Systems Inc. reported financial results for the first quarter ended March 31, 2020 and provided an update on operations.

May 28

Westport Fuel Systems Secures €5 Million Loan from UniCredit

Transaction to Strengthen the Liquidity of Emer S.p.A. in Brescia, Italy

May 26

Westport Fuel Systems Awarded GASTEC Tender

BRC to Supply Systems to the Growing Egyptian Market

April 30

Westport Fuel Systems Publishes 2020 Annual and Special Meeting of Shareholders Results

Shareholders approved all resolutions presented at the Meeting.

April 29

Westport Fuel Systems to Announce First Quarter Results on Thursday, June 4, 2020

Westport Fuel Systems has also scheduled a conference call for Friday, June 5, 2020 at 10:30am ET (7:30am PT)

Industry News

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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