doubt 5

Please read:

He warned that too many City fund managers are focused on short-term performance instead of understanding how businesses could be better run for the long haul, and urged institutions to engage with firms instead of simply selling shares if they have concerns. 'The overall picture has to be one of ownership, not one of trading,' he says.

Pension fund members and endowment holders do not have the right to vote at annual meetings but they can raise concerns about companies held on their behalf with trustees and fund managers. Few, however, take the time to find out how their money is being invested.

1/ What is the meaning of firms in this context? What is the meaning of to engage with firms in this context?

2/ Is one a pronoun? Is one here one person? If not, what/who is one?

3/ What is the meaning of held in this context?

In held on their behalf with , why is there with? What is the structure? What is the meaning of with here?

4/ Does concerns here mean worry or sth important? If neither, what does it mean in this context? (in have concerns and raise concerns)

5/ Concerns = some concerns ?

6/ What does they refer to?

7/ Are trustees here persons or organisations?

Quoc