One of the highlights of the Parade is Trooping the Colour. The Colour trooped is the Sovereign's Banner and the current banner is the third generation of itself, presented by HM the Queen in March 1999; the first Sovereign's Banner, known as the "King George V's Banner", was presented by George V in 1918 and the second one was presented by Her Majesty in October 1978. The honour of Trooping the Colour falls to the Sovereign's Platoon, the then-Champion Company/Platoon. The Sovereign's Platoon, which wears multi-coloured lanyards, using the colours of all three Divisions, is selected on merit and is the best platoon amongst the Division; these officer cadets are chosen from a competition in drill, orienteering, shooting and a cross-country race, ensuring they are of the best in endurance and teamwork.