Identity politics groups are engaged in large scale racketeering and extortion. Here's how it works. Some group of well connected Democrat insiders declare themselves the voice of some minority group. They start a "non-profit" advocacy group and use the media to elevate the profile of someone to represent the people behind the curtain. (They also buy off people who are legitimately interested in helping people to harness their following.) These figure pieces leverage the misfortune of members of the targeted minority group and convince them that they represent their interests. (In many cases the grass-roots support is just astroturf though.) The important part is that the target thinks the racketeers have influence over a movement. Just like other criminal enterprises, these groups target legitimate businesses. These targets must "donate" to the cause or they will be labelled bigots etc. In many cases it's cheaper to just pay off the identity-based racketeers which gives them more resources to go after bigger and bigger targets. If they're really successful, they can install executives in the target organizations who then declare merit-based promotions racist, homophobic, xenophobic, etc. In time, the insider beneficiaries of the fraud become more influential within the company than those who actually built it. This is how control of big tech companies was taken from technical experts and delivered into the hands of SJWs.
Another approach is to use lawsuits in combination with public pressure. Notice how many discrimination suits end up paying out to identity based racketeering groups? They then feed this money back to the Party to further further legislation to fuel further lawsuits.
The same thing happens with construction. A developer comes in and offers to invest capital in a community with the goal of making a reasonable return on their investment. Identity-based racketeering groups come out screaming that it's gentrification. They extract concessions such as requirements that a certain percentage of contractors be owned by minorities. Of course a substantial "donation" to the groups levying the charge is always one of the concessions.
That's why Google has "LGBTQ friendly" labels for businesses. If you don't pay off the racketeers, you don't get the passover mark.
Nasdaq's attempt to push for minority representation requirements for corporate boards of publicly traded companies is just an escalation of identity-based racketeering. We've seen time and time again though that you only count as a minority to the left if you support social justice aka identity-based racketeering. This is why. They're trying to install people to advance their scheme to defraud investors.
Please spread this and make people aware that the social justice movement is a pretense for Identity-Based Racketeering (IBR). Let's make IBR a thing.