(9)The conflicts of interest management framework of an external reviewer should contain a comprehensive conflicts of interest policy approved by the board, and an inventory of conflicts of interests. The conflicts of interest policy should contain risk management procedures and controls to identify, eliminate, or manage and disclose in a transparent manner actual or potential conflicts of interest. That policy should also identify which conflicts of interest the external reviewer considers are to be managed or disclosed in a transparent manner and which conflicts of interest are to be eliminated. In addition, that policy should provide for appropriate an oversight and management of situations where professional judgement or decision-making may be compromised.