The Ticker

House votes Suffolk Downs simulcast race extension

With just days until a license is set to expire for Suffolk Downs, the House passed a bill yesterday giving the racetrack another month to simulcast races while lawmakers continue work on legislation allowing live racing to continue for the next two years at the track.

Suffolk Downs' license to simulcast is due to expire March 31 and the bill passed in the House gives the track until April 30.

Suffolk Downs announced in late February that it had reached an agreement with the New England Horsemen's Benevolent and Protective Association on a two-year deal to lease the East Boston track to the horsemen. The agreement, which would allow for live horse racing in 2015 and 2016, is subject to approval by the Massachusetts Gaming Commission and the Legislature. The House and Senate both passed measures in a midyear spending bill that would authorize simulcasting and up to 50 days of live horse racing at Suffolk Downs through July 31, 2016. That bill has bogged down over disagreements between Democratic legislative leaders on other policy matters.

Treasurer wants pension fund changes

Treasurer Deborah Goldberg yesterday proposed using the $61 billion pension fund to make a stand on corporate diversity, environmental stewardship and wage equality issues.

A subcommittee of the Pension Reserves Investment Management Board signed off yesterday on a new policy developed by Goldberg that would direct the Pension Reserves Investment Management (PRIM) Board to use its proxy vote as an investor to oppose nominees to corporate boards unless at least 25 percent of a board's membership is made up of women and minorities.

Goldberg's policy would also direct PRIM to vote for corporate policies that invest in renewable energy and would ask companies in which PRIM invests to provide energy efficiency policies, to stop "misleading advertising" to young people, to increase health warnings on cigarettes, to adopt formal recycling policies, and to implement human rights standards and workplace codes of conduct.

PRIM holds stock in roughly 9,000 companies, and can vote on corporate policies and board appointments as a shareholder.

Baker names new revenue commissioner

The Baker administration yesterday introduced a former managing director of Bain Capital as the state's next revenue commissioner.

Mark Nunnelly next week will take over the post from Amy Pitter. Nunnelly was also named as special advisor to Baker for technology and innovation competitiveness.

Nunnelly, who joined Bain Capital in 1989 as a managing director, has held a number of leadership roles as part of the firm's growth and global expansion, and worked extensively in the business services and technology industries. Nunnelly became a special limited partner of Bain Capital in 2014 and serves on several not-for-profit and for-profit boards of directors.

• ROI Corp. has announced the appointment of Denis Mezheritskiy of Concord to the position of business broker. Mezheritskiy will assist individuals interested in selling their businesses as well as potential buyers.

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