TMA Fact Sheet
The Turnaround Management Association (TMA) is the only international non-profit association dedicated to corporate renewal and turnaround management.
Established in 1988, TMA has more than 9,000 members in 48 chapters, including 31 in North America and one each in Australia, Brazil, the Czech Republic, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, the Netherlands, Romania, Southern Africa, Spain, Sweden, Taiwan and the United Kingdom, with a chapter in formation in Singapore.
TMA members are a professional community of turnaround and corporate renewal professionals who share a common interest in strengthening the economy through the restoration of corporate value. They include:
- 43% - Turnaround practitioners who consult with or participate in helping troubled companies in the recovery process, including interim corporate managers, financial and operating advisors, accountants
- 20% - Attorneys
- 14% - Lenders and bankers/workout officers
- 3% - Investors, including equity investors, investment bankers, venture capitalists
- 20% - Other related professionals, including receivers, appraisers, trustees, auctioneers/liquidators, factors, academics/students, government/judges, and recruiters
All TMA members are expected to sign a Code of Ethics each year specifying high standards of professionalism, integrity, and competence.
The TMA Certification Program recognizes professional excellence and provides an objective measure of expertise related to workouts, restructurings and corporate renewal. Applicants for certification must meet stringent standards of education, experience and professional conduct, pass a comprehensive examination and maintain the credential through continuing education credits.
TMAssist is a public service program originally formed to aid businesses affected by the 2005 Gulf Coast hurricanes through workshop presentations and educational materials. In 2008, 75 volunteers helped plant irises in New Orleans City Park to revitalize the lagoon as part of TMA’s 20th Anniversary Celebration.
Publications
- Journal of Corporate Renewal
- TMA Weekly Report
Conferences & Events
TMA holds three annual international conferences and regional and chapter events throughout the world.
Educations
TMA offers comprehensive education resources covering the full scope of corporate restructuring, distressed investing, and turnaround management related topics for every stage of your career.
Body of Knowledge Courses
Since 1993, TMA has recognized outstanding achievements by chapters and individual members at its Annual Convention. The Turnaround of the Year Awards began in 1996; the Carl Marks Student Paper Competition in 2003; the Butler-Cooley Excellence in Teaching Awards in 2004; and in 2005, the Transaction of the Year Awards. TMA established the Turnaround Management, Restructuring and Distressed Investing Industry Hall of Fame in 2008 and inducted 10 icons at the TMA 20th Anniversary Celebration.
TMA’s principal spokespersons for the corporate renewal industry are 2012 TMA Chairperson President Mark S. Indelicato, managing partner with Hahn & Hessen LLP, New York, New York and 2012 TMA President Ronald R. Sussman, partner in the bankruptcy and restructuring practice at Cooley LLP, New York, New York. For more information or to request an interview, contact Director of Marketing & Communications Dan Goldberg, (312) 578-2042, dgoldberg@turnaround.org.