"I'm not experienced in faculty meetings, so tell me why must the faculty attend? There must be some incentive to be there in the first place. If the reason is norms, then your analysis makes more sense to me. If the reason is that administrators mandate it, isn't that an incentive problem? They are the ones imposing the externality, and therefore they should be charged - i.e., the opportunity cost of the faculty members' time should come out of the administrator's budget." - Kevin L