"David is a force to be reckoned with," said Mr. Herz, of the American standard-setting body.

Over the years, the standard-setting body has had a long history of conflict with public policy.

Traditionally, there were many standard-setting bodies for the public sector.

Mr. Coghlan also proposed an industry-backed standard-setting body that would offer a "best-practice" certification for merchants and banks that followed strict industry security rules.

For-profit businesses, joint ventures, cooperatives, standard-setting bodies, and governments operate catalysts.

The Accountant is read by professional accounting bodies, university students, standard-setting bodies, regulators and accountants.

The Financial Action Task Force is an international policy-making and standard-setting body dedicated to combating money laundering and terrorist financing.

The term isn't formally defined by any standard-setting body.

After last Monday's vote, representatives of the nine groups, including Mr. Van Daniker's, said they would use their influence to set up a new standard-setting body.

Through stakeholder involvement it became apparent that a standard-setting body would be required to verify the source of wood products and define sustainable forest management.