The Company maintains a tight focus on corporate governance and actively monitors continued revisions in the implementation of the Sarbanes-Oxley Act of 2002, both new and revised Securities and Exchange Commission regulations, and governance changes mandated by the American Stock Exchange. The Company, with the Board's oversight, continues to address the emerging issues concerning corporate governance and financial disclosure. The Company will continue to monitor all new developments and adopt changes and institute procedures as may be warranted or appropriate.

Good corporate governance results from sound and proven processes ensuring that the Board of Directors is well supported by accurate and timely information, sufficient resources, and unrestricted access to management. The business judgment of the Board must be exercised independently and in the long-term interests of shareholders. Therefore, as these Principles of Corporate Governance have been unconditionally adopted, the belief is also reaffirmed that the ethical character, integrity and values of the Board of Directors and senior management remain the most important safeguards of good corporate governance at Unitil.

The Board of Directors is committed to comprehensive and effective corporate governance practices. Accordingly, the Board of Directors has adopted a set of corporate governance guidelines and policies that provide a system of best practices in the pursuit of superior Board function, communication and evaluation.

All corporate governance guidelines and policies are reviewed and revised, as needed, for applicability and accuracy on a regular basis.