No, OSI doesn't own the definition and doesn't get to define open source. Some people agree with that definition, some don't. Nobody has to though. You can't really own what other people think, you can only try to agree on some definition during interaction. No need to pretend there is some universal truth that they just don't know about. It's an agreement, not truth.
And OSI might become irrelevant anyway if it doesn't change in light of recently emerged licenses with more restrictions and doesn't certify them in some way. People will just stick to a handful of popular known licenses and call them open source.