Stakeholder Democracy Network (SDN) is focussed on correcting the link between the extractives industry and weak governance, currently specialising on the Niger Delta. It therefore requires an operating structure that mitigates the risks of operating in a conflicted region that has an unstable business environment and weak governance, underpinned by a weak rule of law.
SDN is the parent company of the SDN Group and is a UK based not-for-profit organisation (Companies House 5101121) with registration to the UK Charities Commission (1148143). The Charities Commission is the regulator for charities in England and Wales that ensures compliance with specific UK charity legislation and governance standards.
Niger Delta Stakeholders Initiative for Community Development and Empowerment (NDSICDE, company number CAC/IT/NO 73022) is SDN’s subsidiary organisation that operate in Nigeria. NDSICDE is registered with the Corporate Affairs Commission in Nigeria.
Our operating structure aims to achieve greater controls and protection of donor funds through legal entities registered in Nigeria which are able to execute legal action in their local jurisdiction. In addition, the parent-subsidiary structure of the SDN Group ensures that NDSICDE is held accountable to international accounting standards and UK Charities Commission governance standards. NDSICDE is consolidated into the SDN Group audited annual accounts that are submitted in the UK using UK GAAP.
The SDN Group and its subsidiaries operate using the name and brand of “SDN”. The legal incorporated names of our subsidiaries are arbitrary.
Financials:
Please find below the links to SDN’s most recent audited annual accounts.
Sources of Income:
SDN is 100% project funded till the end of April 2021 and started receiving income from individuals and members of the public in May 2022. We are mostly funded directly by governments. The main sources of income for our past financial years are displayed below: