(Commission File No. 1-14862 )

On September 12, 2011, at 2:00 p.m., at the Company’s office located at Avenida das Nações Unidas, No. 8501, 24° andar, São Paulo/SP, CEP 05425-070, a Meeting of the Board of Directors of BRASKEM S.A. was held with the presence of the undersigned Board Members, according to the signatures affixed at the end hereof. Board Member Paulo Roberto Costa justified his absence and was replaced by his respective alternate, Antonio Aparecida de Oliveira. The Chief Executive Officer, Carlos Fadigas de Souza Filho, Officers Mauricio Roberto de Carvalho Ferro, Marcela Drehmer, Decio Oddone and Patrick Fairon, as well as Mr. Marco Antonio Villas Boas, responsible for the Corporate Governance Department, and Mrs. Marcella Menezes Fagundes, were also present at the meeting. The Chairman of the Board of Directors, Mr. Marcelo Bahia Odebrecht, presided the meeting and Mrs. Marcella Menezes Fagundes acted as secretary. AGENDA: I) Subjects for deliberation: after due analysis of the Proposals for Deliberation (“PD”), copies and related documentation of which were previously sent to the Board Members, as provided for in the Internal Regulations, and will remain duly filed at the Company’s headquarters, the following deliberations were unanimously approved, under the terms and conditions contained in the respective PDs: 1)  PD.CA/BAK – 14/2011 – Amendment to Braskem S.A. Code of Conduct; 2) PD.CA/BAK – 15/2001 – Investments Required to Carry Out the Second Stage of the Front End Loading (FEL) Methodology to Review Investment (“FEL 2”) for COMPERJ’s Petrochemical Project (“Project”) – the Executive Office is hereby authorized to enter into the agreements and documents necessary to the full implementation of this Deliberation; 3) PD.CA/BAK – 16/2011 – Investment in the Integrated Petrochemical Project in Mexico (“Project Ethylene XXI”) through Braskem Idesa S.A.P.I. (“Braskem Idesa”) – and this subject must return to this Board of Directors after conclusion of FEL 3 phase; II) Subjects for Acknowledgement: Presentations or reports, depending on the case, were made by the respective individuals responsible for the subjects listed in this item, namely: a)  Strategy for the Chemical Products Distribution Business; b)  Report made by the Coordinator of the Finance and Investment Committee: Meeting held on September 12, 2011; and c) Report made by the Coordinator of the People and Organization Committee: Meeting held on September 9, 2011; III) Subjects of Interest to the Company: Nothing to register. IV)   Adjournment: As there were no further subjects to be discussed, these minutes were drawn up, which, after read, discussed and found to be in order, are signed by all the Board Members present at the Meeting, by the Chairman and by the Secretary of the Meeting. São Paulo, September 12, 2011. [Sgd.: Marcelo Bahia Odebrecht – Chairman; Marcella Menezes Fagundes – Secretary; Alfredo Lisboa Tellechea; Almir Guilherme Barbassa; Álvaro Fernandes da Cunha Filho; Antonio Aparecida de Oliveira; Eduardo Rath Fingerl; Francisco Pais; José Carlos Grubisich Filho; Luciano Nitrini Guidolin; Maria das Graças Silva Foster; Newton Sergio de Souza].

This is a true copy of the original minutes drawn up in proper book.

Marcella Menezes Fagundes

Secretary

SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.