History of the Institute of Interim Management

Substantial growth in the Interim market over the last two decades gave rise to an overwhelming demand for a formal body to set:

• Recognised and accredited quality standards for the professional Interim
• A framework for ethical standards of behaviour, performance, and continued professional development.

The establishment of the Institute of Interim Management marked an important milestone in the development of Interim management as a recognised professional discipline. In affiliation with the industry trade body, the Interim Management Association (IMA, formerly ATIES) and the Chartered Management Institute (CMI), the IIM was launched in April 2001.

Until August 2002, the IIM operated as a Special Interest Group through the CMI infrastructure. Given the IIM’s growing need for greater emphasis on its own specialist area of management, and to facilitate a higher profile for Interim management within industry and commerce, in August 2002, by mutual agreement with the CMI, the IIM pursued an independent status.

Paul Vousden

Paul Vousden, ex Chairman of the IIM, said:
“Our members, who operate at a fairly senior level in many organisations, come from a very wide range of backgrounds and they are looking to us to raise the profile of Interim management as a strategic resource in both the private and public sectors. Because of our very specialised interest, we felt it was right for us to pursue a more independent status at this time. We are extremely grateful to the CMI, who have been instrumental in helping us to become established, and look forward to working with them in the future.”

The move was supported by the Chartered Management Institute, which recognised that certain sectors require a more specialist focus.

Mary Chapman

Mary Chapman, Chief Executive of the CMI, commented:
“We wish the Institute of Interim Management every success in their new independent guise. We have been happy to support them in their formative years, but the time is now right for them to pursue a more individual route, which matches the needs of their very special discipline. We will continue to maintain links with them through training and events.”

Since September 2002, the IIM has been a fully independent professional Institute and incorporated as a not-for-profit organisation limited by guarantee.

From the outset the IIM has sought to establish professional standards for Interim managers by implementing rigid accreditation processes for membership and placing great emphasis on Continuing Professional Development. The IIM, with its assessed standards for members, provides a welcome step forward in this specialised area of management.

The IIM is fully supported by and collaborates with leading Interim providers in pursuit of its aims.

The IIM Board wishes to place its thanks on public record to IMA members Bill Penney (Ashton Penney), Nigel Corby (Global Executives), Torrie Smith (previously of Veredus Executive Resourcing) and Graham Bird (Chiumento), and to CMI executives Peter Thomson, Glyn Macken and Heather McSherry, all of whom greatly helped the Steering Committee and Management Board during the formation of the IIM.