Slide 1 OHSI Presentation on Risk Profile Kimberley Turner Chief Executive Officer Aerosafe Risk Management EXHIBIT/P-00058

Slide 2 Overview of Presentation Structure Introductions Risk management Industry Risk Profile –Methodology –Output & use of an IRP Additional discussion topics OSHI use of risk management concepts

Slide 3 Part 1: Introductions

Slide 4 Introductions Aerosafe Risk Management CEO, Kimberley Turner Risk management process Why the OHSI have adopted this approach Risk management & the inquiry process Risk Maker, Risk Taker DVD

Slide 5 Part 2: Risk Management

Slide 6 What is Risk? Risk is the chance of something happening that will impact upon “objectives” ISO Risk Management

Slide 7 What is Safety Risk? Risk is the chance of “a safety” something happening that will impact upon objectives. ISO Risk Management

Slide 8 What is Safety Risk? Risk is the chance of something happening that will impact upon “a safety” objective. ISO Risk Management

Slide 9 What is Risk Management? “The culture, processes and structures that are directed towards the realization of potential opportunities and the effective management of adverse effects” ISO Risk Management

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Slide 11 Governance & Oversight for Integrating Helicopter Transportation Safety

Slide 22 Part 3: Risk Profiling

Slide 23 Industry Risk Profile (IRP) An IRP presents a strategic risk picture of those issues that may induce risk at the systemic or structural level of a particular industry sector at a given point in time.

Slide 24 Industry Risk Profile Define the industry Establishes the context Clarify the core objective Recognize that the profile changes Draw boundaries for the assessment Influences on data sources Depth of analysis

Slide 25 What is Risk? Risk is the chance of something happening that will impact upon “objectives” ISO Risk Management

Slide 33 Industry Risk Profile Methodology

Slide 35 IRP Methodology ISO31000 risk management process Structure provided by IRP model Driven on information accumulated Available documents reviewed Industry stakeholders identified Over 12 risk identification techniques used (layer) Many pieces of risk data extracted from these sources initial assessment

Slide 36 Summation of Results Risks presented by Risk Ranking –Highest to lowest –A number of risks have same rating or level Risk presented against matrix –Scatter plot of risk (consequence & likelihood) –Before & after results Risks presented against IRP Model –Used to develop road map to risk reduction –Allocating accountability for action

Example Risk Matrix Result Presentation

Slide 39 Summation of Results Risks presented by Risk Ranking –Highest to lowest –A number of risks have same rating or level Risk presented against matrix –Scatter plot of risk (consequence & likelihood) –Before & after results Risks presented against IRP Model –Used to develop road map to risk reduction –Allocating accountability for action

Slide 41 Output & Use of an IRP At the Commissioner’s request an IRP will be developed concurrently with the inquiry process IRP development will be in collaboration with stakeholders to extract key issues and suggested solutions for enhancement IRP content will be presented for consideration by the Commissioner and used in his deliberations

Slide 42 Part 4: Additional discussion topics Governance Risk Management Safety Management Systems Contract Management

Slide 43 Governance Creating an accountability framework for risk reduction through good governance

Slide 44 Defining Corporate Governance “The systems by which organizations are directed and controlled”

Slide 45 Compliance

Slide 46 Compliance Assurance

Slide 47 Risk Management Compliance Assurance

Slide 48 Risk Management Compliance Governance Assurance

Slide 49 Risk Management Integrating Safety & Governance through risk management

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Slide 53 SMS Aviation Safety Management Systems (SMS)

Slide 54 Defining SMS……. A safety management system (SMS) is an organized approach to managing safety, including the Necessary organizational structures Accountabilities Policies and Procedures International Civil Aviation Organization

Slide 55 The purpose of a safety management system is to provide a systematic way to control risk and to provide assurance that those risk controls are effective FAA (USA Regulator) Defining SMS…….

Slide 56 “A safety management system is a business-like approach to safety. It is a systematic, explicit and comprehensive process for managing safety risks” CASA (Australian Regulator) Defining SMS…….

Slide 57 A documented process for managing risks that integrates operations and technical systems with the management of financial and human resources to ensure aviation safety or the safety of the public. Transport Canada Defining SMS…….

Slide 60 What does an SMS look like? Most of the regulations around the world are promulgating principle based SMS There are suggested activities which demonstrate the effective running of an SMS Difficulties in grasping the difference between the “system” and the “doing” The most visible aspects are the application of processes (risk management)

Component of an SMS

Slide 62 Contract Management Focusing on the Safety & Risk Management component

Slide 63 Contractor Safety Management Setting standards Measuring achievement Provision of confidence or “assurance” Corporate responsibility for: –Aircraft capability definition –Aircraft selection –Oversight of system implementation Measuring effectiveness

Slide 64 Part 5: OHSI use of Risk Management Concepts

Slide 65 OSHI Adopts Risk Based Approach Recognition that aviation industry is complex and not free of risk Recognition that the swiss cheese model has merit in respect to accident prevention Relationship of broader systemic issues Recognized process for identification, assessment and reduction of risk Ultimate aim is to provide assurance so that confidence can be regained

Slide 66 OSHI Adopts Risk Based Approach PhaseOHSIRisk Profile PrepPreparationEstablishing Context 1APublic HearingIssues identification and data collection 1BInvestigative PhaseDevelopment of IRP in consultation with industry 1CResponse to Investigative phase Consultation and confirmation of agreed risk treatments measures OHSI findings and recommendations Submission of the draft IRP to the Commissioner as requested 2Response to TSB Investigation Evaluation of draft IRP against TSB investigation report

Slide 67 Question & Answer Session