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Please read:

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. (1)

= Pension fund members and endowment holders do not have the right to vote at annual meetings but they can raise concerns with trustees and fund managers about companies held on their behalf. (2)

1/ Is (1)= (2)?
2/ If yes, held is past participle. So, how can I write again (1) as follows:

Pension fund members and endowment holders do not have the right to vote at annual meetings but they can raise concerns with trustees and fund managers about companies that are held on their behalf by............... (by who?)

Thanks

Quoc
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Yes they all mean the same thing but some are more clearly expressed than others.

held on their behalf by the pension fund/investment company.
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>(by who?)

by whom, especially in formal contexts such as this.
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Comments  
I would say this:

Pension fund members and endowment holders do not have the right to vote at annual meetings but they can discuss their worries with trustees and fund managers who hold their companies on their behalf.
Yes, but you don't understand what I want to ask.

Please read:

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. (1)

= Pension fund members and endowment holders do not have the right to vote at annual meetings but they can raise concerns with trustees and fund managers about companies held on their behalf. (2)

= Pension fund members and endowment holders do not have the right to vote at annual meetings but they can discuss their worries with trustees and fund managers about companies held on their behalf. (3)

= Pension fund members and endowment holders do not have the right to vote at annual meetings but they can can discuss their worries about companies held on their behalf with trustees and fund managers . (4)

1/ Is (1)= (2)= (3)= (4)? (Are they the same meaning?)
2/ If yes, held is past participle. So, how can I write again the sentences as follows:

Pension fund members and endowment holders do not have the right to vote at annual meetings but they can raise concerns with trustees and fund managers about companies that are held on their behalf by............... (by who?)

= Pension fund members and endowment holders do not have the right to vote at annual meetings but they can discuss their worries with trustees and fund managers about companies that are held on their behalf by............... (by who?)

Thanks

Quoc
 nona the brit's reply was promoted to an answer.
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Nona The BritYes they all mean the same thing but some are more clearly expressed than others.

held on their behalf by the pension fund/investment company.

hi nona,

Is 'raise concern with sb about sth", especially the 'with sb' part, a common collocation?
 Marius Hancu's reply was promoted to an answer.