A level seven or higher clan may form an Order of Knights at a cost of 10,000 reputation points. As many as four Orders of Knights may be formed this way.
One clan member must be appointed as a Knight Banneret for each Order formed. The Knight Banneret's social status will improve with the appointment.
Once established with a Knight Banneret, up to ten eligble clan members may assume positions as knights in the Order.

Found an Order of Knights.
Rename an existing Order of Knights.
Change the Knight Banneret.