Corporate governance relates to the activities of Westport's Board of Directors and Westport's 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 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's governance standards and practices are sound, transparent and characterized by integrity;
- to demonstrate to Westport's 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:
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