BY KENNETH R. YAGER II, TMA VICE PRESIDENT, EDUCATION &
CHAIR, TMA EDUCATION OVERSIGHT COMMITTEE
Kenneth R. Yager II is a senior
managing director in the
Chicago office of GlassRatner
Advisory & Capital Group LLC.
He has nearly two decades of
executive business leadership
experience and works with
companies in growth, leveraged
buyout, and turnaround
situations as a financial advisor or
in CRO, CEO, and CFO roles. Prior
to joining GlassRatner, Yager was
a principal at MorrisAnderson.
He holds a bachelor’s degree
from Tulane University’s A.B.
Freeman School of Business
and a master of management
degree from Northwestern
University’s J.L. Kellogg Graduate
School of Management.
as professionals, if we are not learning, we are dying. Our knowledge is critical to making
judgment calls in tough, fast-moving
situations and advising our clients
on difficult choices. The education
process at TMA has matured, evolving
with the growth of our organization.
TMA is celebrating its 25th Anniversary
in 2013 and, with that, we are taking
another step in our evolution.
Over the past 18 months, a small group
of your fellow TMA members has
been reviewing a new alternative to
our education system that builds on
the past efforts. As a result, over the
next two years TMA will be building
courses designed to meet our needs as
professionals in a changing world. As
part of this effort, we will be building
24 new courses, the designs of which
grew out of surveys of TMA members
and others in the industry that
determined what we, as professionals,
are facing today and what we think
we need to know more about.
This new education initiative is so
important that the TMA Executive
Board and the Cornerstone Council
agreed that Cornerstone funds would
be used to launch the program, and
the Certification Oversight Committee
agreed that it should be integrated
into the education component of the
Certified Turnaround Professional (CTP)
program. With these foundations and
goals in mind, the program is being built
by TMA members, for TMA members,
in such a way that it will be accessible
all the time and just about anywhere
you are and in ways you like to learn.
You will recognize some of the broad
outline of the education system.
However, we are also adding a
component called “member best
practices,” which will bring TMA
members together to discuss career
progression goals, marketing, and even
firm management best practices. It is
a way for large and small firms in one
of the most cyclical of all industries to
define ways to build and preserve value.
The curriculum is also designed to
provide professionals an education
“ladder” leading to CTP designation
and to offer more options for CTPs
for continuing education. Instead of
relying on on-the-job training from
the beginning of one’s career, there
is now a practical option for taking
courses that will help frame and elevate
your professional experiences.
The courses do not provide just basic
entry-level material, and they are not
just test-oriented. These courses assume
a certain baseline of knowledge and
will be updated to remain current with
changes in the industry. Experienced
TMA members and CTPs alike will find
courses designed to keep them sharp.
These courses acknowledge that
the world is getting flatter and
international insolvency knowledge
is important for practitioners.
This is a significant undertaking and
one that will require lots of input. If
you believe TMA has a critical mission
to educate and elevate the knowledge
of its members, then look for these
courses starting in 2013, and I would
also urge you to seek opportunities
to volunteer your knowledge and
time to help with this significant
initiative. There is room for additional
shoulders on which to build a program
that we all want to be a part of. J