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.
As well as connecting workers and the companies they own, Pitt-Watson argues that more accountability can bring together hard-nosed capitalists and left-wing campaigners. He quotes both right-wing economist Milton Friedman, saying 'the social responsibility of business is to maximise its profits', and Labour founding father Keir Hardie, who argued that the final battle for the worker was to 'make property his servant, not his master'.
with = by ? If not, what does it mean? If not, please explain me the meaning of "companies held on their behalf with trustees and fund managers".
I think in this context they raise concerns about companies. These companies are hold by trustees and fund managers on behalf of investors.
How about your opinions about that?
Quoc
Top answer
Hi It is 'raise concerns (about companies held on their behalf) with trustees and fund managers'
— Nona the brit
Hi It is 'raise concerns (about companies held on their behalf) with trustees and fund managers'
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1/ They = Pension fund members and endowment holders
Right? Yes.
4/ I think pension fund members and endowment holders raise concerns about companies. These companies are held by trustees and fund managers on behalf of pension fund members and endowment holders. Is that right? Yes