Which committee is NOT required for companies listed on the NASDAQ?

The correct answer is the option indicating the nominating/corporate governance committee. Companies listed on NASDAQ are required to have an audit committee, a compensation committee, and a nominating/corporate governance committee. However, a strategic planning committee is not mandated by NASDAQ rules.

The audit committee plays a crucial role in overseeing financial reporting and disclosures while ensuring compliance with relevant laws and regulations. The compensation committee is responsible for determining executive compensation and ensuring it aligns with the company's objectives and performance. The nominating/corporate governance committee is essential for maintaining the integrity of the board and overseeing the selection of board members.

In contrast, while strategic planning committees can be beneficial for guiding the long-term vision and strategy of a company, they are not a required committee under NASDAQ rules. This distinction is important for understanding the compliance requirements for different committees within publicly traded companies.