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Sarbox drives green US firms to the UK

Sarbox drives green US firms to the UK

by Rick Turoczy on April 26, 2006

Fund manager Charlie Thomas, who heads up the new Jupiter Ecology fund together with the Jupiter Global Green Investment Trust, is predicting the onerous demands of the new Sarbanes-Oxley regulations will drive US companies across the Atlantic.

Mr Thomas told Reuters the potential for growth of ethical and environmental businesses was huge, with the UK potentially a major beneficiary of this trend.

‘It’s Sarbanes-Oxley,’ he explained. ‘We’re seeing a trend. Companies are increasingly moving to London and I think it will continue for the next few years,’ he said.

‘It’s $1 million for a small company to be listed in the US, why would they want to do that?’

Sarbox drives green US firms to the UK

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