Director, Phoenix Commercial Ventures Ltd, Director, Hana Electronics JVC, Director, Sinji JVC, Owner www.kenfrost.com
Croydon, United Kingdom
- Current
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- Director at Sinji JVC
- Scholar at Gerson Lehrman Group Councils
- Director at Hana Electronics JVC
- Director at Phoenix Commercial Ventures Ltd
- Owner at KenFrost.com "The Living Brand" (Sole Proprietorship)
- Past
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- Head of Internal Audit at De Beers
- Forensic Audit Co-ordinator at Philips Electronics
- Head of Internal Audit Nordic at Philips Electronics
- Audit Manager at Philips Electronics
- Auditor at KPMG
- Education
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- Edinburgh University
- Recommended
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3 people have recommended Ken - Connections
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140
connections
- Industry
- Venture Capital & Private Equity
- Websites
Ken Frost’s Summary
I am a director of Phoenix Commercial Ventures Ltd (www.pcvltd.com) which provides venture capital solutions for companies operating in the DPRK, Hana Electronics based in the DPRK (Democratic People's Republic of Korea) and Sinji JVC (DPRK).
I own www.kenfrost.com and am a Scholar on Gerson Lehrman Group Councils.
I am available to act as an NED/consultant on an international basis, and happy to discuss business proposals/opportunities.
Skill sets/experience include:
20 years + international experience (Europe, USA, Asia Pacific and Africa) within Phoenix Commercial Ventures Ltd, De Beers, Philips and KPMG.
Management and leadership skills.
In depth experience of working on Audit Committees; including experience of setting up country ACs when working in Philips and De Beers.
Performing and managing professional independent reviews that identify risks/control gaps.
In depth experience of working with a variety of IT packages from pre to post implementation stages including; SAP, Triton, MFG Pro, Scala and Sage.
Constant exposure (via monitoring, mentoring and advising) to organisational change eg; corporate governance, restructuring etc.
High level interpersonal skills, coupled with the ability to interact with people at all functional levels from a variety of cultural backgrounds.
Experience, and detailed knowledge, of best practice with respect to corporate codes of conduct via:
- Membership of the Philips General Business Principles Committee
- Developing the Philips General Business Principles casebook
- Custodianship and maintenance of the Philips General Business Principles Database
- Aiding/advising on the development of the De Beers Code of Conduct.
Forensic experience arising from:
- Personal involvement in fraud investigations in De Beers and Philips
- Establishing/developing the role of the Philips Forensic Audit Co-ordinator
- Custodianship/maintenance of the Philips Fraud Database.
Ken Frost’s Specialties:
Economics and Accounting MA, FCA ICAEW
I have unrivaled connections, via Phoenix Commercial Ventures Ltd, with the Democratic People's Republic of Korea (DPRK).
I am a member of Gerson Lehrman Group Councils.
Until August 2001 I was Head of Audit for De Beers Centenary AG (covering the non mining operations within De Beers). Prior to joining De Beers I was Head of Internal Audit Nordic, and International Forensic Co-ordinator, for Royal Philips Electronics N.V. based in Stockholm.
Ken Frost’s Experience
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Director
Sinji JVC
(Privately Held; Consumer Goods industry)
April 2008 — Present (9 months)
I am a director of Sinji JVC.
Sinji is a 50/50 joint venture between Phoenix Commercial Ventures Ltd and the Korea Committee for the Promotion of External Economic Cooperation (CPEEC).
Sinji’s main areas of operations are:
- Retail (consumer electronics, household necessities etc)
- Software
- Artificial flower manufacturing for export -
Scholar
Gerson Lehrman Group Councils
(Public Company; Financial Services industry)
April 2006 — Present (2 years 9 months)
The Gerson Lehrman Group Councils are global networks of executives, physicians, scientists, engineers, attorneys, and other professionals who deliver expertise and decision-making assistance to business, government and investment leaders from around the world.
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Director
Hana Electronics JVC
(Public Company; 51-200 employees; Consumer Electronics industry)
May 2005 — Present (3 years 8 months)
I am a director of Hana Electronics, which is based in Pyongyang DPRK.
Hana manufactures and sells DVD players, VCD players and DVD's/VCD's in the DPRK. -
Director
Phoenix Commercial Ventures Ltd
(Privately Held; 1-10 employees; Venture Capital & Private Equity industry)
October 2004 — Present (4 years 3 months)
I am a director of Phoenix Commercial Ventures Ltd a company that marries investors with investment opportunities in the DPRK; in order to take advantage of the economic reforms which are taking place there, which have made foreign investment easier.
Website www.pcvltd.com -
Owner
KenFrost.com "The Living Brand" (Sole Proprietorship)
(Sole Proprietorship; Myself Only; Internet industry)
September 2001 — Present (7 years 4 months)
I designed, built and am running a suite of websites under the www.kenfrost.com 'The Living Brand' label; and have written a 100,000 word book entitled 'Accountants Can Cook'.
www.kenfrost.com 'The Living Brand' is a living interactive website which, in conjunction with forthcoming books, aims to stimulate the intellectual and gastric juices; as well as to entertain. -
Head of Internal Audit
De Beers
(Public Company; 10,001 or more employees; Mining & Metals industry)
October 2000 — August 2001 (11 months)
I was charged with setting up an audit department within De Beers to cover the non mining operations. Geographically this included, but was not limited to: the UK, Switzerland, Russia, Portugal, Belgium, India and Canada.
My initial task was to understand and risk map the company structure; taking account of:
-Activities
-Size of operations
-Risks
-Locations
The risk map enabled me to formulate an initial audit coverage plan and budget which were submitted to, and approved by, the Audit Committee.
In line with the plan, I performed business/process risk reviews and published the reports accordingly.
I provided regular guidance/advice to other professional departments as to best practice in areas such as:
-Frauds (examples, reporting and contacts with third party specialists)
-Best practice procedures, eg the maintenance/updating of masterfile data, electronic funds transfers
-Corporate ethics and examples of codes of conduct
-Internet policy -
Forensic Audit Co-ordinator
Philips Electronics
(Public Company; 10,001 or more employees; Consumer Electronics industry)
June 1999 — September 2000 (1 year 4 months)
This was a new position within Philips. My primary responsibilities included:
-Creating and managing a world-wide network of specially trained forensic auditors (25) to cover Philips 122 countries of operation.
-Designing a lotus notes database that identified units' risk exposure to fraudulent activity.
-The regular update of a secure fraud database with details of ongoing forensic investigations.
-Preparation of a quarterly written report, for submission to the Audit Committee of the Supervisory Board, as to the status of current forensic investigations.
-Performance of ad hoc forensic reviews.
-Membership of the General Business Principles Committee of Philips.
I was personally involved in the development of the Code of Conduct Casebook, which was distributed to 2000 senior managers world-wide. -
Head of Internal Audit Nordic
Philips Electronics
(Public Company; 10,001 or more employees; Consumer Electronics industry)
April 1996 — August 2000 (4 years 5 months)
My initial task was to set up an internal audit department in Stockholm, to cover activities in Sweden, Denmark, Norway, Finland and the Baltic States.
My role required me to keep abreast of professional changes within Corporate Audit, and the outside world. These were then incorporated into our departmental procedures; to ensure that our way of working was world class eg:
-The use of the Business Risk Assessment tool.
-The creation and use of audit programmes.
-The writing of timely, professional reports which identified risks and specified recommendations for management implementation.
-Installing and updating the world-wide lotus notes audit database.
-Personnel training issues, both on the job and in structured off site courses.
I was also responsible for; the annual departmental budget, planning and execution of audits, creating and attending the country audit committees and liaising with our external auditors. -
Audit Manager
Philips Electronics
(Public Company; 10,001 or more employees; Consumer Electronics industry)
April 1989 — April 1996 (7 years 1 month)
During this period I was responsible for auditing the business controls and risk management procedures of specific manufacturing and commercial divisions within the UK/Ireland and other areas of the world including Germany, Holland, the US and Korea.
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Auditor
KPMG
(Partnership; 10,001 or more employees; Accounting industry)
September 1984 — April 1989 (4 years 8 months)
I qualified with the ICAEW in 1988. My audit experience within KPMG London included the brewing industry, electronics, travel, publishing, construction and the retail sector.
Ken Frost’s Education
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Edinburgh University
MA, Economics and Accounting, September 1980 — June 1984
I was Social Secretary for the University Conservative Association.
- Activities and Societies:
- Economics soc, Business studs soc, Conservative soc
Additional Information
Ken Frost’s Websites:
Ken Frost’s Interests:
cooking, politics, current events, business, fraud, corporate governance, socialising
Ken Frost’s Groups:
ICAEW, Gerson Lehrman Group Councils
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Global Group of All Big Four Firm Alumni (Big4.com) -
Executive Suite -
Edinburgh Informatics Alumni -
Philips: Official Corporate Group -
Private Equity Investment Group -
International Entrepreneur Club -
Institute of Chartered Accountants in England and Wales (ICAEW) -
Sales, Marketing and Senior Executive Club - Asia Pacific -
The University of Edinburgh Alumni -
Philips Consumer Lifestyle
Ken Frost’s Honors:
MA, FCA, FIPFM
Accountancy Age placed me on their Financial Power List for 2006.
I was 11th on their list of the top 50 of "The Ones To Watch". The list identifies the "most influential names to look out for" in the world of finance for 2006.
I ranked with such names as; Dave Hartnett HMRC Director (1st), Gordon Brown (6th), Eric Anstee CEO of the ICAEW (joint 11th) and Sir Christopher Hogg Chairman of the Financial Reporting Council (17th).
In November 2006 I was awarded an honorary fellowship of the Institute of Professional Financial Managers (IPFM), for my services to the accountancy profession.
September 2007 reached the finals of The International Accountants (AIA) Accountant of the Year, in the final 3 at the AIA President's Awards 21 November 2007.
The award is designed to recognise organisations' accountancy stars.
Ken Frost’s Contact Settings
Interested In:
- career opportunities
- consulting offers
- new ventures
- expertise requests
- business deals
- reference requests
- getting back in touch
