LGBTQ‐Supportive Corporate Policies: A Contemporary Analysis of Impacts, Challenges, and Global Practices

ABSTRACT This paper provides a comprehensive review of LGBTQ‐supportive corporate policies, analyzing their impact on organizational outcomes across diverse industries and geographic contexts. Drawing on theoretical frameworks such as the Resource‐Based View, Stakeholder Theory, and Agency Theory, the study highlights the multifaceted benefits of these policies, including enhanced innovation, improved financial performance, and increased employee engagement. Additionally, the paper examines challenges in implementing LGBTQ‐supportive policies, such as economic constraints, legislative barriers, and internal corporate resistance. Comparative case studies from technology, finance, retail, pharmaceutical, and hospitality sectors illustrate best practices and the role of corporate governance in fostering inclusivity. The paper also identifies critical research gaps, emphasizing the need for longitudinal studies, intersectionality analyses, and regional investigations to better understand the global dynamics of LGBTQ‐supportive policies. By synthesizing empirical evidence with actionable recommendations, this study underscores the strategic and ethical imperatives of fostering workplace diversity, offering a roadmap for organizations to achieve sustainable growth and social equity.