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Its operating funds are derived from membership dues, conference and seminar revenues, programming fees, sponsorships and web-related advertising.

Membership of the TMA offers professionals in corporate renewal and turnaround management the opportunity to improve existing skills, to develop new ones, to exchange knowledge through professional association activities and to network with other TMA members. TMA members are in touch with business, professional, academic and government leaders who are dedicated to the development of a stronger economy through the restoration of corporate value. The TMA acts as a lobby and advisory group on turnaround matters.

The Association Today

Turnaround Management Association (TMA) is a global non-profit organization comprised of turnaround and corporate renewal professionals with almost 10,000 members in 54 chapters including 34 in North America. TMA is headquartered in Chicago and provides two conferences per year, membership benefit programmes, and the Journal of Corporate Renewal–the leading publication for professionals in the corporate renewal industry.

Established in 1988, TMA members include turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters, and consultants, as well as academic, government, and judicial employees. TMA has a chapter in Australia, Austria, Brazil, Bulgaria, the Czech Republic, Finland, Germany, Hong Kong, Italy, Japan, Romania, Serbia, Singapore, Southern Africa, Spain, Sweden, Ukraine, and the UK. There are two chapters in Canada–Montreal and Toronto.

A Vision to Serve our Members and Clients

TMA's vision is to be the leading international association of professionals who assist businesses in managing periods of dramatic change and help to improve their business performance. We provide value to our members in the form of:

  • Communication to promote the tangible benefits and accomplishments of turnaround professionals and enhance the image and credibility of the profession.
  • Education to provide turnaround professionals access to the highest level of knowledge in management technology and skills.
  • Networking to encourage the sharing of practical information regarding successful techniques in turnaround management and professional camaraderie and support.

To benefit as an organization, TMA must deliver services and benefits not only to its members, but to its members' clients as well. TMA is succeeding in reaching out to those audiences. Through their involvement in TMA and their referrals to its members, business leaders, boards of directors, lenders, lawyers and accountants are recognizing the contributions of the profession and its importance to corporate recovery and renewal.

The TMA Code of Ethics describes the values contained in our vision statement and encourages members to live by these ideals as they practice the corporate renewal process.


TMA news

24 Sep, 2021

Keeping the faith – importance of good faith in CVAs/IVAs With speaker, Felicity Toube QC

On 20th September, the first session of TMA NOW’s...

17 Aug, 2021

TMA UK welcomes new Director to the board

On behalf of Paul Davies, TMA UK President we are...

04 Aug, 2021

Protecting Profits from Inflation

This month, the threat of rising inflation has...

Sponsor news

19 Aug, 2021

WHAT ARE THE IMPLICATIONS OF RESTRUCTURING PLANS FOR DEFINED BENEFIT PENSION SCHEMES?

The judgment in Re Virgin Active Holdings Limited [2021] EWHC 1246 has empowered the use of...

17 Aug, 2021

The gloves are off: HMRC is gearing up to resume collection of tax arrears

This follows my blogs posted last week about the significant accrual of PAYE and VAT arrears due to...

Tweets

TMA UK @UK_TMA · 5 days ago

Please join us for our 2nd event in this series. tma-uk.org/events/detail/… pic.twitter.com/aGTLJlOGuS

TMA UK @UK_TMA · one month ago

TMA UK Annual Conference - Countdown 86 days to go! We are delighted to announce that the 2018 Apprentice Winner… twitter.com/i/web/status/1…

JCR

June 2021