29 JULY 1995, Page 25

Helpful suggestion

Sir: I entirely agree with Christopher Fildes that a good brake on excess — except for the totally shameless — would be, as he suggests (City and suburban, 15 July), to make directors' contracts subject to affir- mative resolution by shareholders in gener- al meeting, either on their original appoint- ments or when they come up for re-election by rotation.

James Spooner

59 Buckingham Gate, London SW1