Discuss about FAA safety

In a short document (<3 pages), address the following:
Provide a concise history of SMS development, and describe the structure of Safety Management Systems (FAA SMS).
From an organization or operation entity perspective, how is safety risk management utilized?
How does the FAA address regulatory non-compliance by either certificated individuals or companies?
Please write:
One opening paragraph summary of the overall topic
1-2 paragraphs associated with each of the bullet points above
Closing paragraph with your summary or recommendations
Citations as needed