The recent clamor around Indra has focused on resignations, internal rebalancing, and power quotas, but the central question has scarcely been touched upon: What does it mean for a company to be 'strategic'? In this edition of 'Brújula Europea', the director and editor of 'Agenda Pública' contends that Spain has intentionally avoided significant debate in this matter; he explains that if the State wants to preserve sovereignty in defense, energy, or technology, it cannot allow politics to withdraw from corporate governance.