The Turnaround Management Association (TMA) is a global non-profit organization comprised of turnaround and corporate renewal professionals with more than 8,300 members in 56 chapters including 32 in North America and 24 international. TMA’s mission is to serve as a forum for corporate renewal professionals from all disciplines to promote high standards of practice, foster professional development, and enhance the image of TMA members.
TMA is a truly global, member-centric organization that provides value, community, and unparalleled resources to all member segments whether they practice at the local, regional, national, or cross-border level. TMA ensures that the critical role our members play in the global economy is understood, respected, and celebrated.
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
16% – Other related professionals, including receivers, appraisers, trustees, auctioneers/liquidators, factors, academics/students, government/judges, and recruiters
All TMA members must sign a Code of Ethics each year specifying high standards of professionalism, integrity, and competence. TMA’s Certified Turnaround Professional (CTP) 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.
The Journal of Corporate Renewal, TMA Annual Report, and Web site (www.turnaround.org) are TMA’s principal publications.
The New Jersey Chapter holds monthly networking events and educational meetings focused on topics related to the turnaround management profession and leading issues affecting companies which are experiencing financial or operational challenges. Members are able to share their knowledge and experiences through TMA’s publications, conferences, webinars and in meetings with peers.