Yes it does. Building a board and management team that is more representative of the demographics in society is an effort to reduce the effect of in group bias.

This is important because the argument that someone picked with their race in mind to achieve this goal is used to create the subtext that the person would not otherwise have been qualified and is used to undermine their legitimacy and the legitimacy of the goal to eliminate in group bias.

This is a real problem because it distorts the discussion from the real argument. In reality if we want a true meritocracy, as most proponents of anti affirmative action / opponents diversity goals claim then we should want the widest funnel of candidates possible. What we actually have is a small funnel of people that, while not intentionally racist, classist or discriminatory, results in exclusion of many people. We’re all worse of for it.