Yes. Standards should be designed by committee, ensuring as many cooks are helping the broth as possible. Much like UNIX and C came out of large standards consortia composed of many industry leaders, and like the HTML5 standards evolved incredibly quickly until those darn browser manufacturers slowed them down by going off and implementing things. A single engineer or group of engineers trying to solve a real world problem have never done anything good for the world.

(DISCLAIMER: I work for Google. All of my opinions are my own and not Google's.)