Too true, Frags. And perhaps it should be done periodically as part of the board of directors reports. I feel in general, when the question can't be answered 'How much money do we spend on blah?' where blah is an item that is directly related to what makes that company money, and the company spends too much money on things not directly related to making money, but rather policing its people, then you know change is required. If I had an employee which costs me 40k per year, and had to spend another 40k or more on policing that employee, I would be thinking something isn't working.
Thanks for the answers, gents! It is illuminating to realist most frustration comes management - the people who should be most interested in helping deliver efficiently! You'd think that was their job description!
Edit:
Kad, Is the agenda communicated ahead of time? Do you know you'll be wasting your time before you go?
What is it that makes you go?
Is it force majeure? (You must go because more senior people tell me to regardless of whether my time is used efficiently)
Or is it because you need to contribute to a small part of it and end up wasting a large chunk of your time?
Or because the agenda is unclear on what parts of the meeting will have information valuable to you?
Thanks for the answers! Keep them coming!
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