Board Meetings

BM - 03/10/2021

BRASKEM S.A.

Tax I.D. (CNPJ) No. 42.150.391/0001-70

State Registration (NIRE) No. 29300006939

A PUBLICLY HELD COMPANY

 

MINUTES OF THE BOARD OF DIRECTOR'S MEETING

HELD ON MARCH 10, 2021

 

1. DATE, TIME AND PLACEOn March 10, 2021, at 09:00.a.m, through conference call, due to the restrictions in force to the traffic of people caused by the COVID-19 pandemic.

2. CALL NOTICE, ATTENDANCE AND PRESIDING BOARD: Ordinary Meeting called pursuant to the Bylaws of BRASKEM S.A. ("Company"), with the participation of the Board Members indicated below, through conference call. Board Member Roberto Lopes Pontes Simões also attended the meeting as a Chief Executive Officer. Were attended, also, Vice-Presidents Cristiana Lapa Wanderley Sarcedo, Pedro van Langendonck Teixeira de Freitas, Messrs. Alexandre Jerussalmy and Marcos Miola Montesani and Mrs. Ana Paula Tarossi, Clarisse Mello Machado Schlieckmann and Ylana Santos. Also present were Mr. Octavio Zampirollo Neto, representative of Grant Thornton Auditores Independentes and Mr. Carlos Alberto Rechelo Neto, President of the Company's Fiscal Council. The Chairman of the Board of Directors chaired the meeting and Ms. Clarisse Mello Machado Schlieckmann acted as secretary.

3. AGENDA, RESOLUTION AND SUBJECTS FOR ACKNOWLEDGEMENT OR SUBJECTS OF INTEREST TO THE COMPANY:

3.1 Resolution: After due analysis of the proposal submitted for resolution, which was previously forwarded to the Board Members and shall remain duly filed at the Company's Governance Portal, the following resolution was taken:

a) PD.CA/BAK-07/2021 - Call for an Extraordinary General Meeting to amend Braskem SA's Bylaws to implement adjustments to the powers of the Board of Directors - After analyzing the matter, the PD CA / BAK-07/2021 was approved to call an Extraordinary Shareholders' Meeting to approve the amendments to the Company's Bylaws according to "Exhibit II" of PD.CA/BAK-07/2021, then approved by this Board of Directors and recommend to the shareholders Novonor and Petrobras to make the necessary amendments to the Shareholders' Agreement filed in the Company, in order to ensure uniformity with the provisions of the Bylaws to be amended.

b) To express an opinion on the Management Report, the Financial Statements and the Allocation of Results related to the Fiscal Year ended on December 31, 2020 - After the previous analysis of the matter by the Finance and Investments Committee, subsequent to the presentation made by the Chief Financial Officer and Investor Relations on the performance of the Company in the year 2020, when the issue was discussed and clarifications were given to the questions raised, (i) the favorable opinion of this Board for the approval, by the Annual General Meeting, of the Management's Report and Financial Statements, containing the explanatory notes, related to the fiscal year ended on December 31, 2020, as well as the proposal for the allocation of the Company's results, proposing that the accumulated loss in the fiscal year ended on December 31, 2020, as earned in the statement of shareholders' equity, in the amount of R$ 6,691,720,320.74 (six billion, six hundred and ninety-one million, seven hundred and twenty thousand, three hundred and twenty reais and seventy-four cents), contained in the Financial Statements for the fiscal year ended on December 31, 2020, which will be partially absorbed by the Capital Reserves and Profit Reserves of the Company.

c) Call for the Annual and Extraordinary Shareholders' Meeting - The call for the Annual and Extraordinary Shareholders' Meeting was authorized by publishing the respective Call Notice in accordance with the law, to resolve on, at the Annual Shareholders' Meeting (i) Financial Statements of the Company containing the Explanatory Notes, referring to the fiscal year ended on December 31, 2020, accompanied by the Report and Opinion of the External Independent Auditors and the Opinion of the Fiscal Council; (ii) Management Report and respective management accounts for the fiscal year ended December 31, 2020; (iii) Management's proposal for the allocation of the results for the fiscal year ended on December 31, 2020; (iv) Election of the members of the Company's Fiscal Council and respective alternates; (v) Global annual compensation for the Management and members of the Fiscal Council; and, at the Extraordinary General Meeting, election of an alternate member of the Board of Directors.

3.2 Subjects for Acknowledgement: Nothing to record, since there are no subjects for acknowledgement on the Agenda of this meeting.

3.3 Subjects of Interest to the Company/Executive Session of the Board of DirectorsNothing to record, since there are no subjects of interest to the Company on the Agenda for this meeting.

4. ENCERRAMENTO: As there were no further matters to be discussed, the meeting was closed and these minutes were drawn up, which, after read, discussed and found to be in order, were signed by all Board Members who attended the meeting, by the Chairman and by the Secretary.

 

São Paulo/SP, March 10, 2021.

  

José Mauro M. Carneiro da Cunha

Chairman

                                                                             

Clarisse M. M. Schlieckmann

Secretary

  

João Cox Neto

 

Andrea da Motta Chamma

 

Gesner José de Oliveira Filho

 

João Pinheiro Nogueira Batista

 

                          Julio Soares de Moura Neto                           

 

Marcelo Klujsza

                                                                                                                                                         

                       Paulo Roberto Vales de Souza                      

 

Roberto Faldini

 

Roberto Lopes Pontes Simões

 

Rogério Bautista da Nova Moreira