Board Meetings

BM 03/10/2021 - Fiscal Council´s Report

BRASKEM S.A.

Tax ID (CNPJ) No. 42.150.391/0001-70

NIRE 29300006939

PUBLICLY HELD COMPANY

 

MINUTES OF THE 207th MEETING OF THE FISCAL COUNCIL

HELD ON MARCH 10, 2021

 

 

            DATE, TIME AND PLACE: On March 10,2021, at 02:00 p.m, through videoconference, due to the restrictions in force to the traffic of people caused by the COVID-19 pandemic.

2. CALL NOTICE, ATTENDANCE AND PRESIDING BOARD: Extraordinary Meeting convened pursuant to the Internal Regulations of the Fiscal Council of Braskem S.A. ("Company"), with the attendance of all the Board Members indicated below. The Chairman of the Fiscal Council, Mr. Carlos Alberto Rechelo Neto, presided over the meeting and Ms. Clarisse Mello Machado Schlieckmann acted as secretary.

3.  AGENDA: After examining the matters on the agenda, the members of the Fiscal Council, within the attributions provided for by Law No. 6,404/76, as amended, and fulfilling their duties as a Fiscal Council, in accordance with the rules of the Securities and Exchange Act of 1934, as amended by the Sarbanes-Oxley Act of 2002, resolved on the following matters:

3.1. PRESENTATION OF THE INDEPENDENT AUDITORS' REPORT ON THE COMPANY'S INDIVIDUAL AND CONSOLIDATED FINANCIAL STATEMENTS REGARDING THE FISCAL YEAR ENDED ON DECEMBER 31, 2020: Mr. Octavio Zampirollo, as Grant Thornton Auditores Independentes' representative, presented the Independent Auditors' report on the Company's Individual and Consolidated Financial Statements regarding the Fiscal Year ended on December 31, 2020. Mr. Octavio Zampirollo reaffirmed Grant Thrornton's independence and stated they did not find any adjustments that could materially affect such Financial Statements; therefore, the opinion on the Company's Individual and Consolidated Financial Statements regarding the Fiscal Year ended on December 31, 2020, will be issued without reservations and with two paragraphs of emphasis on the topics "investigation in progress at Braskem Idesa" and "Collective lawsuit against the Company and some of its current and former executives at the New Jersey District Court in the United States".

3.2. REVIEW AND OPINION ON (I) THE FINANCIAL STATEMENTS AND MANAGEMENT REPORT RELATED TO THE FISCAL YEAR ENDED ON DECEMBER 31, 2020  AND (II) ALLOCATION OF RESULTS WITH APPLICATION OF RESERVATIONS FOR ABSORPTION OF LOSS: After reviewing the Annual Management Report, the individual and consolidated Financial Statements prepared pursuant to the accounting practices adopted in Brazil and based on the IFRS standards, approved by IASB, as the case may be, to be filed at CVM, and the proposal for Allocation of Results with the application of reservations for partial absorption of the loss related to the fiscal year ended on December 31, 2020, the Board Members issued a favorable opinion on the Annual Management Report, the individual and consolidated Financial Statements and the proposal for Allocation of Results with the application of reservations for partial absorption of the loss related to the fiscal year ended on December 31, 2020, and issued a favorable opinion, according to Exhibit I.

 

4. ADJOURNMENT: As there were no further matters to be discussed, the meeting was closed and these minutes were drawn up, and, after being read, discussed and found to be in order, were signed by all Board Members present at the meeting, by the Chairman and by the Secretary of the Meeting.

 

São Paulo/SP, March 10, 2021.

 

 

 

Carlos Alberto Rechelo Neto

Chairman

 

  

 

Gilberto Braga

Effective Member

 

           

 

Clarisse Mello Machado Schlieckmann

 Secretary

 

 

 

Ismael Campos de Abreu

Effective Member

 

 

 

Amós da Silva Cancio

Effective Member    

 

 

 

Heloisa Belotti Bedicks

Effective Member

 

EXHIBIT I

 

 

 

BRASKEM S.A.

TAX ID (CNPJ) No. 42.150.391/0001-70

 

FISCAL COUNCIL'S REPORT

 

BRASKEM S.A.'s members of the Fiscal Council, exercising the powers provided for in article 163, items II, III and VII, of Law No. 6,404/76, after reviewing (i) the Annual Management Report, (ii) the Company's Individual and Consolidated Financial Statements and the respective Explanatory Notes of the Company related to the fiscal year ended on December 31, 2020, and the Independent Auditors' Opinion, as well as (iii) the management's proposal to state the accrued loss related to the fiscal year ended on December 31, 2020, as ascertained in the statement of net equity, in the amount of six billion, six hundred and ninety-one million, seven hundred and twenty thousand, three hundred and twenty reais and seventy-four cents (R$ 6,691,720,320.74), included in the Financial Statements for the fiscal year ended on December 31, 2020, and for the balances of the Company's Capital Reserves and Profit Reserves to be applied for partial absorption of the loss recorded in the fiscal year, unanimously concluded that the reviewed documents properly reflect the Company's financial and equity status, and issued an opinion in the sense that the documents may be approved by the Company's Annual General Meeting, considering the unqualified opinion of Grant Thornton Auditores Independentes', with paragraphs of emphasis, issued on March 10, 2021.

 

São Paulo/SP, March 10, 2021.

 

 

 

Carlos Alberto Rechelo Neto

Effective Member

 

 

 

Ismael Campos de Abreu

Effective Member   

 

 

 

Gilberto Braga

Effective Member

 

 

 

Amós da Silva Cancio

Effective Member

 

 

 

Heloisa Belotti Bedicks

Effective Member