Our investigations have certainly identified weaknesses in safety management in some operators, large and small. However, we also know that strict compliance with minimum regulations isn't, in and of itself, sufficient to ensure safety or reduce risk. Safety management systems incorporate certain principles, such as the commitment of senior management, having policies with respect to safety, having processes by which companies can manage their safety risks, and having ways to internally report safety issues that need to be addressed. We believe that those principles are adaptable and scalable to smaller operators and that they can go even further than strict compliance with regulations, in terms of helping companies manage safety.
On April 4th, 2017. See this statement in context.