Jan van der Walt (Director: Certification)March 2010

Turnaround Professional Qualifications and Designations

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

Introduction Turnaround professional qualifications and

designations Role of Services SETA

Turnaround Professional Qualifications:

Turnaround Professional Qualifications – March 2010 4

Introduction

The Certified Turnaround Professional (CTP) qualification, introduced in the USA in 1993 and in Japan in 2005, and which is being planned in Australia, is earmarked for introduction in South Africa in 2011

The Certified Turnaround Professional (CTP) qualification is an objective measure of the experience, knowledge, and integrity that is necessary to conduct corporate renewal work

Criteria used for determining further qualifications:– Certified Turnaround Professional (CTP) qualification of the licensor as the cornerstone– Certified Turnaround Professional - Designate qualification for those that have passed exams

but who don’t have the required experience yet– Temporary Turnaround Practitioner Candidate (TP-C) designation to provide recognition for

turnaround professionals qualifying as CTPs until the CTP exams are ready

INTRODUCTION

Introduction Turnaround professional qualifications and

designations Role of Services SETA

Turnaround Professional Qualifications:

Turnaround Professional Qualifications – March 2010 6

Turnaround professional qualifications and designations

TURNAROUND PROFESSIONAL QUALIFICATIONS AND DESIGNATIONS

CTPCTP-D

Meeting CTP experience requirements

Not meeting CTP

experience requirements

First CTP exams expected late 2011

Application

Meeting CTP experience

requirements

Meeting CTP-D but not CTP

eligibility criteria

H-CTPMeeting H-CTP eligibility criteria

CTP exams

Approved attendance course in

directorship

TP-C CTP exams

Meeting CTP eligibility criteria

Approved attendance course in

directorship

Certification Flow Diagram

Qualification

Designation

Turnaround Professional Qualifications – March 2010 7

Summary of professional qualifications if business rescue practitioners are regulated

TURNAROUND PROFESSIONAL QUALIFICATIONS AND DESIGNATIONS

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Minimum requirements for a Certified Turnaround Professional - Designate (CTP-D)

A bachelor’s degree from an accredited university or at least ten (10) years of experience in executive or senior management, interim management, consulting, loan workout/restructuring, or in the legal or accounting professions or as a business rescue practitioner

Payment of all required fees Successfully completed the written CTP examinations in management, law and

finance/accounting prepared and graded by the Academic Subcommittee Attended an approved course in directorship Agree to support and adhere to the Code of Ethics of the Turnaround

Management Association Provide recommendations from three professional peers of the candidate Reveal any pending disciplinary action or prior public discipline, any criminal

conviction, any malpractice judgment or admission of malpractice and any refusal, denial or revocation of a license to practice or certification by another professional body

After certification, complete at least 50 hours of continuing professional education during each two-year period, including two hours of ethics credit

TURNAROUND PROFESSIONAL QUALIFICATIONS AND DESIGNATIONS

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Minimum requirements for a Certified Turnaround Professional (CTP)

As for a CTP-D, plus: A minimum of five (5) years of experience in executive or senior management,

interim management, consulting, loan workout/restructuring, or in the legal or accounting professions or as a business rescue practitioner, three (3) years of which must be in turnaround, two (2) years of which must be with regard to companies suffering financial distress or in a financial crisis

Submit letters from at least three (3) clients confirming the turnaround nature of the assignments undertaken:

– Clients will not be asked to evaluate the candidate’s performance Submit five (5) case studies confirming the turnaround nature of the assignments

undertaken Payment of all required fees

TURNAROUND PROFESSIONAL QUALIFICATIONS AND DESIGNATIONS

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Minimum requirements for an Honourary Certified Turnaround Professional (HCTP)

Honourary Certified Turnaround Professional (HCTP): as for CTP except: No exams, but a lifelong contribution to the turnaround industry is required By invitation of the Certification Governance Board only, and invitations will be

extended every 5 years onlyTurnaround Professional Candidate(TPC): as for CTP except: The written CTP examinations in management, law and finance/accounting have

not yet been passed

TURNAROUND PROFESSIONAL QUALIFICATIONS AND DESIGNATIONS

Introduction Turnaround professional qualifications and

designations Role of Services SETA

Turnaround Professional Qualifications:

Turnaround Professional Qualifications – March 2010 12

Role of Services SETA

Development of professional qualifications Assistance with approval of professional qualifications by SAQA Assistance with having the Turnaround Certification Governance Board

recognised by government as the regulatory authority of business rescue practitioners (see “Turnaround Professional Body” presentation)

ROLE OF SERVICES SETA

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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: admin@tma-sa.com

Turnaround Management Association – Southern Africa

CEO: Jan van der Walt