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EDIT: I guess my true answer to your question is, a very nice watch.
To me, a suit is a sign of weakness. Only two types of people "suit up" to go to work. People selling you something and lawyers. You dress up for an interview because you are selling yourself. You dress up for sales meetings. You dress up to impress someone or as a sign if respectful submission. People who are confident in their skills and/or their position do not try to impress with clothes. A good cake doesn't get covered in fondant.
Source: I am the CEO of a tech company that deals with some of the largest energy firms in the world. Some of my closest friends are C-level execs of very well known companies. We all dress comfortably. Most times I'm wearing cargo pants, tee, skate shoes and a cap.
PS: A nice watch is a must though. At least for me.
I've always had a similar mindset on "business attire". Just people wearing the costume of a competent successful person in order to convince others that they can be trusted with someone else's money.
But I'm just a flunky who doesn't like to dress up and loathes the idea that we all need to present a certain image in order to be successful. So, it's nice to hear the same from someone who's higher up the ladder.