This document summarizes a study conducted by Marco Becht, Julian Franks, and Hannes Wagner on the corporate governance practices of Standard Life Investments (SLI), a large UK asset manager. The study analyzes SLI's stewardship activities like engagement with portfolio companies, issuing of governance health warnings, and influence of internal analyst recommendations on fund manager decisions. The results show that SLI has significant stewardship engagement, governance health warnings correlate with more active voice and eventual exit, and negative voting by SLI tends to precede increased likelihood of exit from investments.