Taras Nohas

Edmonton

Contributor at Credit Union Management Magazine

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Articles

A Strategic Guide for New Board Members

2 months ago | cumanagement.com | Taras Nohas |Rafael Deleon |Alison Herrick |Peter Myers

7 minutes A guide for new board members to navigate governance, manage interest rate risk, and contribute effectively from day one. The path from appointment to impact isn't simply about occupying a seat; it requires strategic intention and deliberate action. Effective board governance has never been more critical. With board turnover accelerating across organizations and regulatory pressure growing, the need for directors who can quickly adapt and contribute has intensified.
Elevate Board Efficiency with OnBoard AI: Revolutionizing Boardroom Decision-Making

Oct 10, 2024 | cumanagement.com | Bill Kennedy |Taras Nohas

Discover how OnBoard's groundbreaking AI capability, designed exclusively for board professionals, enhances decision-making and streamlines board operations. Inspired by the seamless integration of technology and user-friendly design seen in leading brands, OnBoard AI takes board management to a whole new level. Downloads:Transcript of the audio
On strategy: The importance of strategic planning for credit union boards

May 17, 2024 | cuinsight.com | Taras Nohas

If the ladder is not leaning against the right wall, every step we take just gets us to the wrong place faster. – Stephen CoveyWhat a great quote—and it’s so true in so many ways. It’s like the quote from Alice in Wonderland, “ So, what do these quotes have to do with credit union boards and strategic planning? Read on and see.
Leadership Matters: 10 Things That Stifle Critical Thinking

May 15, 2024 | cumanagement.com | Jeremy B. Teitelbaum |Taras Nohas |Libby Calderone

4 minutes Here are five ways to overcome common stumbling blocks when it comes to critical thinking. Dictionary.com defines critical thinking as disciplined thinking that is clear, rational, open-minded and informed by evidence. It is foundational for good decision-making. What organization couldn’t use plenty of critical thinkers? But there are some common stumbling blocks and some key practices to avoid them.
NextGen Know-How: Increasing Leadership Influence Through Intentional Language

May 9, 2024 | cumanagement.com | Taras Nohas |Laurie Maddalena |Lauren Paradise

5 minutes Four strategies for speaking with clarity and confidence Two months ago, I was on a flight from Washington D.C. to North Carolina to work with a client. Just before takeoff, the pilot announced over the intercom, “Um, so unfortunately, we're showing a lot of bumps on in the forecast here—there's bumps all around us. I'm hoping it's not as bad as what the forecast is showing, but we're hearing from some other aircraft that it's a very unpleasant ride.
What lessons can be learned from the Republic First Bank failure?

May 8, 2024 | cuinsight.com | Taras Nohas |Marla Pieton |Tansley Stearns

I just about missed it, the news of a regional bank failure and subsequent takeover by another bank at the tail end of April.
Good Governance: Are assessments a waste of time or a valuable process?

Dec 26, 2023 | cuinsight.com | Lauren Culp |Taras Nohas |Steven Rick

It’s interesting the response you get when you ask whether a board conducts director assessments. Some say, “Why bother? We never use the results anyway.” Others have a well-established process and use the information gathered in different ways. Board assessments can uncover performance gaps that could be holding the organization back. The central purpose of the board evaluation is to continuously improve directors’ ability to govern effectively.
Good Governance: Are Assessments a Waste of Time or a Valuable Process? | CU Management

Dec 26, 2023 | cumanagement.com | Sam Plester |Heather McKissick |David Glaneman |Taras Nohas

It’s interesting the response you get when you ask whether a board conducts director assessments. Some say, “Why bother? We never use the results anyway.” Others have a well-established process and use the information gathered in different ways. Board assessments can uncover performance gaps that could be holding the organization back. The central purpose of the board evaluation is to continuously improve directors’ ability to govern effectively.
Good Governance: Oath of office versus code of conduct

Sep 26, 2023 | cuinsight.com | Taras Nohas |Cameron Madill

I recently joined the board of my local retail cooperative and at the annual general meeting, I not only returned a signed copy of the director oath of office but also recited it in front of the members in attendance, both in person and virtually. I was the only newly elected director, but all the directors recited the oath. Should this practice be adopted by all cooperatives, and how is this practice any different from signing a code of conduct?
Good Governance: Where was the supervisory committee at Silicon Valley Bank?

Jul 25, 2023 | cuinsight.com | Taras Nohas

Recent bank failures in the United States have raised concerns with individuals and businesses alike. On March 10, 2023, Silicon Valley Bank failed after a bank run, marking it the third-largest bank failure in United States history and the largest since the 2007-2008 financial crisis. It was one of three U.S. bank failures in March.