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
The TMA is headquartered in Chicago, and is supported by an active international chapter network. The international headquarters provide three international conferences per year, membership benefit programmes, The Journal of Corporate Renewal -- the leading monthly publication for professionals in the corporate renewal industry and the annual Directory of Members & Services -- a comprehensive directory of more than 4,000 turnaround professionals worldwide.
The regional and international chapters, first established in 1991, serve as a local forum to convene turnaround executives and other allied professionals in their respective regions. Currently, TMA has more than 9,000 members in 57 chapters, including 32 in North America, and one each in Australia, Brazil, the Czech Republic, Finland, France, Germany, Ireland, Italy, Japan, the Netherlands, Southern Africa, Spain, Sweden, Taiwan and the UK, with a chapter in formation in Romania. There are also 2 chapters in Canada – Montreal and Toronto and a Satellite Chapter just started in New Zealand.
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.