My .02 for what it is worth, for this situation it doesn't matter what anyone thinks of the rule, if you don't like it fight the rule, but as long as it is the rule, you have to follow it, if people got to decide and only follow rules they liked then there are no rules.
And I don't care if he missed the meeting, he knew the rule, every athletics department in the country hammers the gambling point, I sat through multiple compliance presentations in college and the fact that the NCAA considers gambling a cardinal sin was hammered into our brains for over an hour every year. The only relevance to him missing the meeting is that it is supposed to be a mandatory meeting and someone will have to answer for that. And no that does not mean LOIC type of for the people pushing that angle.