To deepen corporate governance in Taiwan and promote sustainable corporate development, the FSC on 25 August 2020 launched the “Corporate Governance 3.0 - Sustainable Development Roadmap” (hereinafter referred to as CG 3.0). The key points of CG 3.0 are as follows: (1) independent directors should make up no less than one third of all directors; (2) at least half of all independent directors must not serve more than three consecutive terms; (3) based on international guidelines (e.g. the Task Force on Climate-Related Financial Disclosures (TCFD) and standards issued by the Sustainability Accounting Standards Board (SASB)), strengthen the disclosure rules for sustainability reporting, require more companies to prepare and file sustainability reports, and expand the application scope of third-party assurance for sustainability reporting; (4) companies are required to publish their unaudited financial information and accelerate their release of annual financial reports; (5) improve the fairness of companies that handle their own shareholder services and enhance the transparency of e-voting results, lower the daily maximum limit for shareholder meetings held by TWSE- and TPEx-listed companies, adopt stewardship principles for service providers, and establish an engagement mechanism between international proxy advisors and public companies; and (6) establish a sustainability market to promote sustainability-related products such as sustainability bonds, social responsibility bonds, and green bonds.