No Meeting Days

My company just instituted a policy where one day a week, we are not supposed to have any external meetings booked, as a means of more catchup time (lol have you updated your pipeline?) and for more internal discussion/education.

One one hand: phenomenal, great to have time to do the little things within normal hours. On the other hand: feels semi big brother-esque, and also cuts into possible meeting time with hard to catch clients.

Would love everyone's thoughts on if they like this concept or not, or to hear how popular it is other places.