(Commission File No. 1-14862 )

On September 17, 2010, at 2:00 p.m., at the Company’s offices located at Avenida das Nações Unidas, n° 8.501, 24º andar, São Paulo/SP, CEP 05.425-070, a Meeting of the Board of Directors of BRASKEM S.A. was held with the presence of the undersigned Board Members. Board Member Álvaro Fernandes da Cunha Filho, who was replaced by his alternate Felipe Jens, was not present and justified his absence. The Company’s Chief Executive Officer, Bernardo Gradin, and Officers Mauricio Ferro and Marcela Drehmer were present at the meeting. Mr. Marco Antonio Villas Boas, who is in charge of Corporate Governance, and Mrs. Marcella Menezes Fagundes were also present. The Chairman of the Board of Directors, Mr. Marcelo 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 taken: 1) PD.CA/BAK – 27/2010 – Issue of Debt Securities with no maturity date on the Capital Market (“Perpetual Notes”) by Braskem Finance Limited, guaranteed by Braskem S/A – approval of the issue of Perpetual Notes under the terms and conditions of the respective PD. The Executive Board shall be authorized to perform the acts required for the implementation of this deliberation; 2) PD.CA/BAK - 28/2010 – Issue of Debt Securities on the European Capital Market (“Notes”) by Braskem Finance Limited, guaranteed by Braskem S/A – approval of the issue of the Notes under the terms and conditions of the respective PD. The Executive Board shall be authorized to perform the acts required for full implementation of this deliberation; 3) PD.CA/BAK – 29/2010 – Execution of an International Revolving Credit Facility Agreement by Braskem Inc., guaranteed by Braskem S/A – approval of the execution of a Revolving Credit Facility Agreement under the terms and conditions described in the respective PD. The Executive Board shall be authorized to perform the acts required for full implementation of this deliberation; and 4) PD.CA/BAK - 30/2010 CHEMICAL VI – Credit Rights Investment Fund – approval of the implementation of the Credit Rights Investment Fund under the terms and conditions described in the respective PD. The Executive Board shall be authorized to perform the necessary acts. II) Subjects for Acknowledgement: Nothing to register. 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/SP, September 17, 2010.

Sede-Fábrica: Camaçari/BA - Rua Eteno, 1561, Polo Petroquímico de Camaçari - CEP 42810-000 - Tel.(71) 3413-1000

Escritórios: Salvador/BA - Av. Magalhães Neto, 1856, Ed TK Tower, s. 1101 a 1.103 e 1108, Pituba - CEP 41810-012 - Tel. (71) 3271-2044 - Fax (71) 3342-3698

São Paulo/SP – Av. das Nações Unidas, 8501, 23, 24, e parte do 25 andares, Alto de Pinheiros, CEP. 05425-070 – Tel. (11) 3576-9999 – Fax (11) 3576-9197

Meeting of Braskem’s Board of Directors No. 581

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.