turnaround professional body

Jan van der Walt (Director: Certification)March 2010

Turnaround Management Association – Southern Africa (TMA-SA)

Professional Body for Turnaround Professionals of all Disciplines after Launch of the Certification Programme

The premier professional community dedicated to corporate renewal and turnaround management

1. The turnaround industry in South Africa and the need for certification2. Turnaround professional body3. Turnaround professional body governance structures4. Turnaround professional qualifications and designations

TMA-SA Presentations on Turnaround Certification

http://www.tma-sa.com/ppt/turnaround%20industry%20South%20Africa.pps

http://www.tma-sa.com/ppt/turnaround%20professional%20body%20governance%20structures.pps

http://www.tma-sa.com/ppt/turnaround%20professional%20qualifications.pps

Turnaround and TMA-SA:

Turnaround About TMA-SA Our members Benefits to members

Turnaround Professional Body – March 2010 4

TMA-SA represents members active in the 3 turnaround stages of the timeline of financial distress

TURNAROUND

TMA-SA’s Sector Involvement:


TMA-SA is an organisation for corporate renewal *) professionals of all disciplines

TURNAROUND

*) Including business transformation, turnaround and business rescue

Time

Corporate Health and Decline Levels: Timeline of Financial Distress:

Restoration of Corporate value:

For CTP certification, a requirement is experience of companies suffering financial distress or in a financial crisis

Corporate Renewal Levels:


TMA-SA is in its 6th year of operation

TMA-SA overview: Non-profit association for corporate renewal *) professionals of all disciplines International affiliate of TMA:

– 9 000 members world-wide; since 1988

– 45 chapters, including 32 in North America, and one each in Australia, Brazil, the Czech Republic, Finland, France, Germany, Italy, Japan, the Netherlands, Southern Africa, Spain, Taiwan and the UK, with a chapter in formation in China

– License agreement provides for TMA-SA members to share in knowledge and networking of TMA

TMA-SA represents the Southern African region - South Africa, Swaziland, Lesotho, Namibia, Angola, Zimbabwe and Mozambique

Active policy of promoting BEE in terms of membership and Board and Exco structures

70 members and growing All members are bound to the TMA Code of Ethics


ABOUT TMA-SA

http://turnaround.org/

http://www.tma-sa.com/membership/code%20of%20ethics.asp


Our vision is to be recognised as the pre-eminent organisation of our kind in Southern Africa

TMA-SA vision

TMA-SA will be recognised by the Southern Africa business community …as the pre-eminent organisation in which corporate renewal *) professionals from all disciplines …choose to associate, market their services, and develop their professional skills


ABOUT TMA-SA


TMA-SA aims to make corporate renewal *) more successful

TMA-SA core purpose

The core purpose of TMA-SA is strengthening the economy through the restoration of corporate value

Restoration of corporate value enables economic growth by allowing distressed companies to continue in the economic mainstream, preserve jobs and pay taxes

TMA-SA aims to equip its members to restore corporate value through corporate renewal in the first three stages of corporate decline:

– Improved business transformation of underperforming and turnaround of distressed businesses through:

• Earlier and improved management-led correction by timeously acting on early warning signals, with the objective of avoiding creditors such as banks to intervene through workouts

• More successful informal creditor workout, should problems worsen and become more acute, with the objective of avoiding Chapter 6 business rescue

– More successful business rescue (Chapter 6 turnaround) of companies in financial distress, but economically viable, with the objective of avoiding liquidation


ABOUT TMA-SA


Our members represent a community of professionals who share a common interest in strengthening the economy through the restoration of corporate value

Membership is open to corporate renewal *) professionals of all disciplines who:

OUR MEMBERS

The Board of Directors as the guardian of TMA-SA’s Code of Ethics reserves the right not to accept a membership application.

Manage, provide professional services to, and fund troubled companies Govern, educate about and study the industries and disciplines of corporate

renewal, business transformation, turnaround and business rescue Across all the stages of corporate decline:

– From emerging problems

– To acute and worsening problems

– To financially distressed, but economically viable



Our members represent corporate renewal professionals of all disciplines

Disciplines of corporate renewal professionals represented: Turnaround managers:

– Corporate turnaround managers working in line management positions in turnaround situations

– Interim turnaround managers

Service providers to troubled companies, and to their financiers: – Turnaround practitioners and consultants

– Chapter 6 business rescue practitioners

– Attorneys, accountants and financial advisors

Lenders to and investors in troubled companies:– Workout/restructuring executives of banks and Development Fund Institutions e.g. we have

members from the large banks, IDC, Development Bank of Southern Africa, etc.

– Investment executives of institutional investors, venture capital and private equity investors, Development Fund Institutions, etc.

Government, academics and students

OUR MEMBERS


TMA-SA has three membership categories

Regular – all those not listed below Government – individuals who are in the employ of a governmental agency or who are members of a

legislative body or who are judges Academic – individuals who are engaged in the academic profession and who participate or

contribute to the turnaround management business through their teaching, writing, research or other professional activities

Students – individuals who are attending a college or university full time, and who are interested in pursuing studies related to the turnaround management business

OUR MEMBERS

TMA-SA membership fee structurePaid Jan (renewals only)

Paid Jan – Mar (new members)

Paid Apr - Jun

Paid Jul - Sep

Paid Oct – Dec inclusive of annual fees for

next year

Regular member R2 340 R2 600 R1 950 R1 300 R2 990

Government \ Academic

R1 105 R1 228 R 921 R 614 R1 412

Full-time student R 325 R 361 R 271 R 181 R 415


Membership benefits

Benefits to members are entrenched in our mission

Note: Benefits relating to insurance, medical aid, travel and accommodation are being developed

Networking

Promotion

Knowledge

Education

Mission

TMA-SA’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-SA members

BENEFITS TO MEMBERS

*) Including business transformation, turnaround and business rescueCertification


Members see networking as the greatest benefit of TMA-SA

Networking: TMA-SA provides a networking infrastructure and events for its members to

meet, socialise, interact, communicate and contact each other

View slideshows of events

Events:– Monthly socials, special events

Media:– Newsletter

– See TMA-SA Events on web site See TMA-SA News on our web site

BENEFITS TO MEMBERS

http://www.tma-sa.com/events/events.asp

http://www.tma-sa.com/news/news.asp

http://www.flickr.com/photos/94646541@N00/sets/72157594159730804/show/

http://flagrantdisregard.com/flickr/slideshow.php?id=6008


TMA-SA promotes its members and the corporate renewal industry

Promotion: Promoting TMA-SA members as professionals committed to the highest

standards of practice:– All members are bound to the TMA Code of Ethics

– Each member has his/her own web page on the TMA-SA web site to market their services

– See TMA member directory on web site

Promoting the image of TMA International as the premier professional community dedicated to corporate renewal:

– Promotion to industry

– Promotion to government

Media:– Web site www.tma-sa.com

– Brochures

BENEFITS TO MEMBERS


TMA-SA equips its members with knowledge about the corporate renewal discipline and industry

Knowledge: Knowledge capture and distribution of news, information, ideas and knowledge Serving as a clearinghouse of information and research pertinent to turnaround

management and the turnaround industry Media:

Journal of Corporate Renewal (members only) – monthly turnaround knowledge update See TMA-SA News on our web site See TMA-SA Blog on internet See TMA-SA Knowledge Base on our web site

BENEFITS TO MEMBERS

TMA-SA has been actively involved in shaping, debating and crafting the business rescue provisions contained in Chapter 6 of the Companies Act No. 71 of 2009.


TMA-SA places great emphasis on helping members develop their professional skills

Education: Fostering professional development opportunities for professionals of all

disciplines Fostering improved methodologies in raising standards of turnaround

management, thereby enhancing the necessary competencies for successful practice

Current programmes: Monthly TMA-SA lecture series Papers at annual turnaround management conference at Wits Business School

BENEFITS TO MEMBERS


TMA-SA will introduce the Certified Turnaround Professional (CTP) and other professional qualifications in South Africa

Certification: Under license from TMA and in partnership with Services SETA Recognises professional excellence and provides an objective measure of

expertise related to turnaround (informal sector and Chapter 6) Applicants for Certified Turnaround Professional (CTP) certification must:

– Meet stringent standards of education, experience and professional conduct

– Pass a comprehensive examination in turnaround management, law (including Chapter 6), and finance/accounting

– Maintain their credentials by obtaining continuing education credits

BENEFITS TO MEMBERS


Questions?

Register as a member:www.tma-sa.com/members/tma registration.asp

Contact details for Susanne Braatvedt (Administrator):

Tel.: 082 950 2624 Fax: 086 592 3619 Web site: www.tma-sa.com Email: [email protected]

Turnaround Management Association – Southern AfricaDirector Certification: Jan van der Walt