TMA-SA members
TMA-SA membership profile
Membership of TMA-SA is open to turnaround and corporate renewal professionals of all disciplines who share a common interest in strengthening the economy through the restoration of corporate value.
Note, however, that the Board of Directors as the guardian of TMA-SA’s Code of Ethics reserves the right not to accept a membership application.
Our members represent disciplines that:
- Manage, provide professional services to and fund troubled companies
- Govern, educate and study the industries and disciplines of turnaround, corporate renewal and business rescue
across all the stages of corporate decline - from emerging problems to acute and worsening problems to insolvency.
Turnaround managers
- Corporate turnaround managers working in line management positions in turnaround situations;
- Interim turnaround managers.
Service providers to troubled companies, and their financiers
- Turnaround practitioners;
- Consultants in corporate renewal, business transformation and turnaround;
- Lawyers, accountants and financial advisors;
- General management consultants in strategy, leadership, finances, organisation and operations;
- Insolvency practitioners, appraisers, auctioneers and liquidators.
Investors in and lenders to troubled companies
- Restructuring executives of banks, bankers and other lenders;
- Institutional investors, venture capital and private equity investors, development funds, etc.
Other members
Government, academics and students.
Informal sector vs. formal sector
Some TMA-SA members represent the informal sector where they are involved in corporate renewal and turnaround (management-led correction and informal creditor workout) outside of the framework of insolvency legislation.
Other TMA-SA members operate in the formal sector involving business rescue of insolvent companies, which in future will be executed in terms of new business rescue legislation.
Member directory
For a list of our members, and what services they offer, please go to member directory and services.
Code of ethics
All members are required to abide by the Code of Ethics.
If you are interested in joining the association, please go to registration.
International membership profile
The international membership profile consists of:
- 70% Service providers
- 23% Capital providers - debt and equity.
- 7% Government, students, academics, etc.
The TMA is therefore certainly not only for turnaround practitioners and consultants - they represent a mere third of the international profile.
What our members do
Our members work predominantly in the first tree stages in the timeline of financial distress i.e. informal turnarounds and business rescue.
Click on the thumbnail for a popup enlarged view of the timeline of financial distress diagram.
Click on timeline of financial distress for a popup table explaining the four stages.
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