1. Negative if has a "diversity" panel or ombudsman (will explain more below).
2. If all VPs and "big shots" came from the same university
3. Power Ranger Factor (negative factor)
If #1 is present and there are several examples the Company is more cautious about the virtue signalling and to avoid fire the bad "minority" will allocate them on a "non work" club. Mostly "push paper" tasks or trivial tasks that will not have direct impact on revenues. No good position to be it as I want to make an impact.
#3 If in all communications there should be All "races" all the time like Power Rangers again feels fake.
I never set my hiring forms as minority and try to best to blend in. I just hate when people get too touchy about something from my culture or country and don't want to touch the subject. So I have to came forward and say: "Heyyyy I escaped from there I know how it works and how to deal with that... So please lets be frank XX will not work maybe we should do Y" and that is it.
There are bad actors in All races. There are bad actors in Asian companies, in Indian companies in European companies. The question is how much they hide or fire them.
Great companies don't look your name, age or school. They look at your CV, portfolio and ask questions about your work and your skills. They test you and bang you are hired. They don't care about my political affiliations or if I got to the church.