Members of the Turnaround Management Association - Southern Africa will remember the long time it took to process and the model TMA by-laws before registering the Southern Africa Chapter. And the unhappiness with the full amount of the annual dues going to TMA International.
The good news is that a new "organisational and pricing structure" is being worked out by the TMA's Executive Committee, for approval at TMA International's Board meeting in October 2005.
The TMA International 3rd quarter newsletter "Vigorous international activity prompts chapter restructuring" already mentioned a licensing agreement replacing the current chapter setup.
Will we see a more flexible setup with a portion of the present dues remaining in Southern Africa for local application? Watch this space.