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; and
• 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.

See the column on the left of the current breakdown of our members.

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;
• Attorneys, 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

Presently, TMA-SA members are involved in the informal sector e.g. corporate renewal and turnaround (management-led correction and informal creditor workout) outside of the framework of legislation.

In future TMA-SA members will operate in the formal sector involving business rescue of financially distressed companies terms of new business rescue legislation expected to be implemented in 2010.

Member directory

For a list of our members, and what services they offer, please go to Member directory .

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 information.

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What our members do professionally

Profession	%
Consultants	46%
Lenders	29%
Legal	8%
Investors	8%
Insolvency	8%
Academic	8%
Interim management	4%
Corporate turnaround managers	3%
Managers	3%

Note that some members belong to more than one category.