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Based on the 20 years of experience she had in corporate environment, Sylvie di Giusto, founder of Executive Image Consulting, wrote a book named "The Image of Leadership" where, in one of the chapters, she explains the ways the employees are trying to improve their image by modifying their dress code. She breaks down the business dress code into five levels, introducing the +1/-1 Dressing Rule. This rule says, that you can always go a level higher and not overdo it. However, make sure that you're going level down only on special occasions, such as casual days.