Chesapeake Utilities Corporation -

governance guidelines

code of ethics

ethics & compliance program

board composition

board committees

board independence

2009 Annual Report and Form 10-K

Board Independence

In order to qualify as independent under the NYSE Listing Standards, Chesapeake’s Board of Directors annually must affirm that (i) a director has no material direct or indirect relationship with the Company and (ii) neither the director, nor any member of the director’s immediate family has any of the disqualifying relationships set forth in Section 303A.02(b) of the NYSE Listed Company Manual. It is the policy of Chesapeake’s Board of Directors that a substantial majority of the Company’s directors be independent as defined by the NYSE Listing Standards.

To assist in its annual evaluation, in accordance with the NYSE Listing Standards, Chesapeake’s Board of Directors has adopted categorical standards to determine which relationships, involving directors, qualify as material relationships and therefore, affect independence.

Corporate Governance Guidelines On Director Independence