Leiden University professor to help develop the EACTP’s education programme
A leading business academic has agreed to help develop the European Association of Certified Turnaround Professionals’ pioneering education programme.
Jan Adriaanse, professor of turnaround management in the Business Studies department at Leiden University, in the Netherlands, has joined the EACTP’s Education and Training Committee which is working to establish a curriculum in preparation for the launch of the organisation’s exam next year.
The EACTP has created the first European-wide accreditation programme for all turnaround professionals across the continent to provide an industry standard ‘kitemark’ of quality in the practice of turnaround and restructuring. It is currently allowing applicants to be certified on the basis of their experience but from next year all applicants will need to pass examinations.
I think it's very important for turnaround management practitioners all over Europe to understand that their profession needs to have this type of accreditation programme, to help enhance the reputation of what they do and of the skills involved.
Professor Adriaanse, who teaches both turnaround students and practitioners, leads a research team that looks into all aspects of turnaround management, rescue and insolvency matters, and is also an author and public speaker on such issues. He is the founder and CEO of training institute Turnaround Powerhouse which provides business development, turnaround and workout advice to a wide range of companies, and also sits on the board of TMA Europe’s Dutch chapter.
Professor Adriaanse said he was very supportive of the EACTP’s work and was delighted to be able to help develop its education programme.
He said: “I think it's very important for turnaround management practitioners all over Europe to understand that their profession needs to have this type of accreditation programme, to help enhance the reputation of what they do and of the skills involved.”
Professor Adriaanse, who will be exploring whether EU funding could be obtained to help develop the EACTP’s programme, said he had long felt turnaround management should have its own professional qualification, similar to that of law or accountancy.
“I have spoken to many people working in special operations, including bankers in the Netherlands as an example, who say it is very difficult to know who is good and reliable to work with. If there is an established programme with an exam and practitioners who are certified and regularly assessed it gives much more reassurance to people looking to work with a turnaround management professional.
“There is also an EU recommendation that all member states move quickly to have a pre-insolvency consensual turnaround process in their law to facilitate business recovery before value destroying insolvency so having such a qualification will be a real benefit for practitioners working in this area.”
“I think EACTP is doing a really important job, and I am enthusiastic about how I can help.”
Alan Tilley, who chairs the EACTP’s ETC Committee, said: “Jan has vast experience in both turnaround management and education which will be invaluable to us at this crucial stage as we work to launch our exam. I am thrilled he has agreed to help us.”