A film suitable for use as the light-modulating element of an SPD light valve. The film comprises a cross-linked polymer matrix and has droplets of a liquid light valve suspension distributed in the cross-linked polymer matrix. The liquid light valve suspension comprises particles suspended in a liquid suspending medium, wherein the polymer matrix includes at least one siloxane co-polymer comprised of one or more of each of the following units, (a) at least one selected from the group consisting of a silicon-containing, non cross-linkable monomer, a silicon-containing non cross-linkable oligomer and a combination of both the monomer and the oligomer; (b) at least one silicon-containing cross-linkable monomer; and (c) at least one silicon-containing monomer including a non-cross-linking pendent moiety comprising one or more unhindered polar groups capable of bonding to a substrate, wherein the polar groups do not prevent the matrix polymer as a whole from being cross-linked, The film exhibits a greater degree of adhesion to substrates it contacts than films which do not include a unit as recited in (c) above. Additional embodiments include a suspended particle device incorporating the film as a light modulating element, as well as a method of preparing the film according to the invention.