The Globe and Mail reports in its Friday edition that Parkland is in a standoff with its largest shareholder over leadership of the fuel distributor's board, a fight analysts say could escalate into a battle for control of the business or a significant share sale. The Globe's Andrew Willis writes that Parkland is 20 per cent owned by Simpson Oil, a private family-controlled company in the Cayman Islands. Simpson Oil acquired the stake in 2018, as part of the sale of its Caribbean fuel distribution business to Parkland for $2.35-billion. Last week, two Simpson Oil-appointed directors at Parkland resigned from the company's board, seven months after being elected. The two directors departed after the Parkland board refused to name one of Simpson Oil's nominees as the company's chair. Parkland shareholders elected Steven Richardson as chair in July, a move supported by Simpson Oil, after defeating an activist campaign. On Wednesday, Simpson Oil said in a press release its directors' resignations terminate two agreements that restrict the company's rights to vote on its Parkland shares, effective March 31. Mr. Richardson said in a press release the board has "unwavering confidence" in the company's strategy.