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Staying Ahead of the Curve

As professionals in the turnaround industry, we are consistently called upon to address liquidity issues and deteriorating financial and operational performance. One of the first steps we take is to diagnose the root cause of the distress. Once we identify the cause, we are better equipped to develop strategies to stem the losses and implement improvement plans to stay ahead of the curve of future problems.

Just as law enforcement adapts and evolves to stay ahead of fraudsters’ tactics, so too must our members adapt and evolve to emerging trends and disruption in our industry.

A key element of TMA’s value proposition is our focus on helping members gain the knowledge and expertise they need to succeed, whether they are early in their careers or are more seasoned professionals. TMA strives to provide education and programming that keeps on top of emerging trends and issues that impact our industry. Our members are always looking to stay ahead of curve, and they look to TMA for the knowledge and tools to enable them to drive improved results for their clients.

TMA offers a wide range of educational courses through the TMA Institute that cover relevant topics and provide tools to apply in our professional practices. Our most recent offering is a video series on activist shareholders, an increasingly common issue professionals in our industry confront. With the industry’s leading experts participating in the series, the activist video series addresses such issues as what activist investing means in today’s business environment and how to manage activist investors, develop contingency plans, and control the message. This is a must-see video series for those who may encounter activist shareholders.

TMA is also launching an initiative to ensure that our educational offerings remain relevant and effective, and continue to stay ahead of emerging issues that affect our industry and our diverse membership. The newly refreshed Body of Knowledge books offer deep dives into the critical principles of corporate renewal and support our acclaimed Certified Turnaround Professional (CTP) and Certified Turnaround Analyst (CTA) certifications. Our 13-Week Cash Flow and Troubled Loan Workouts courses are widely recognized as the industry’s gold standard for these essential tools and are utilized extensively across our North American chapters for educating their local professionals.

Beyond the formal courses, TMA promotes professional development by facilitating the exchange of knowledge among our members. TMA provides networking outlets for you to engage with your fellow members on hot topics and trends and to share best practices. We are the central gathering point for the exchange of timely market intelligence, business insights, and practical knowledge. There is no faster way to take the pulse of the industry than by connecting with others within our multidisciplinary community of professionals and thought leaders.

As long as management teams fail to recognize and react to changing market conditions and the temptation to commit fraud persists, there will always be distressed companies. Accordingly, TMA will always be there to help you stay ahead of the curve.

Kevin Krakora

Kevin A. Krakora, CTP

TMA Global President

Kevin A. Krakora, CTP, Principal at KPMG LLP, is the 2018 TMA Global President. Kevin has over 25 years of executive experience with developing and implementing business transformation strategies and financial/operational improvements; specializing in corporate turnarounds, debtor bankruptcy situations, and complex financial and operational restructurings. He has served as chief restructuring officer, led numerous business and asset sales and divestitures, and advises companies, debtors, secured and unsecured creditors, bondholders, and equity investors in numerous restructuring situations across a wide range of industries. Kevin is a frequent speaker on restructurings and distressed mergers/acquisitions and is a Certified Turnaround Professional.

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