what would be the most ethical course of action for Professor Xin Chen
You are the Vice President of Ethics at FS Manufacturing, Inc. – a publicly-traded, manufacturing company in the United States that has a non-dominant market share in its industry. The Board of Directors of FS Manufacturing has established a strategic vision of becoming the dominant company in the industry. As such, the Senior Vice President of Corporate Development has recommended that FS Manufacturing attain the requisite market share via acquisition of a large, publicly-traded competitor(s). The executive leadership team has recognized that organic product growth would be insufficient to make the Board’s vision a reality and, as such, an acquisition strategy is the only viable option. The Chief Financial Officer has analyzed the financial strategies used by steel companies in China, particularly Pangang Group and Ansteel, and thinks similar strategies may make sense in any acquisition that FS Manufacturing may undertake. The CEO (who is familiar with the Chinese steel industry) has asked you for a memo that analyzes the ethical considerations surrounding Pangang Group and Ansteel’s financial strategies. Specifically, the CEO wants to know: 1) whether Pangang Group and/or Ansteel engaged in unethical conduct and, if so, what evidence supports and what evidence contradicts your determination; 2) what, if any, incentives existed that may have encouraged unethical conduct; 3) what would be the most ethical course of action for Professor Xin Chen; and 4) what are your recommendations for FS Manufacturing moving forward in an ethical manner. It should begin with a one-paragraph executive summary of your analysis and recommendation(s), followed by your complete analysis and recommendation(s).