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A metallized polymer having a backbone having an acetylenic repeat unit and —SiR2—(O—SiR2)n— and/or —SiR2—(O—SiR2)n-[Cb-SiR2—(O—SiR2)n]m—. At least one of the acetylenic repeat units contains a (MLx)y-acetylene complex. M is a metal, L is a ligand, x and y are positive integers, R is an organic group, Cb is a carborane, and n and m are greater than or equal to zero. A composition containing a siloxane polymer and a metallic compound. The siloxane polymer has a backbone having one or more acetylene groups and —SiR2—(O—SiR2)n— and/or —SiR2—(O—SiR2)n-[Cb-SiR2—(O—SiR2)n]m—. The metallic compound is capable of reacting with the acetylene group to form a (MLx)y-acetylene complex.