I think most of the effort expended by the BoT and President were in discussing media relations and damage control.
I also think they botched that badly and did probably the worst thing possible, a kind of symbolic suspension to make it seem they did something, and that has not been accepted as sufficient. They may have been better off saying Meyer is in the clear, he made some misjudgments, but nothing warranting further penalties.
Everyone makes misjudgments, every coach, every one of us at times. But if they get public scrutiny, our "superiors" may need to make an example of us, whereas had it been a private thing they would have said "OK, do better next time.".