My opinion is that common sense should prevail in most cases.
Yes, in certain industries where heavy machinery and risky stuff are involved, there probably is a need for safety and regulatory regimes, but what about in a common-sense environment like an office? Come on. Yes, you may have risks of bookshelves falling or slippery floors or what have you, but do I need to hire expensive consultants and lawyers to tell me to clean up my act and have a $2 million fine if I don't produce a manual, or a $10,000 per day fine for not complying? That's BS, in my view.