King Charles has been making many system improvements since his succession, with a significant one about to be submitted for approval.
For more than a century, the British Empire's head of state has presented awards to its most loyal subjects.
In 1917, King George V founded the Order of the British Empire (OBE) to recognize individuals' achievements in the arts and sciences.
With the ongoing discussion about slavery during the colonial era, royal authorities are considering changing the Order of the British Empire to the Order of British 'Excellence'.
Another option up for consideration is the Order of Elizabeth, which honors the longest reigning British queen.
However, according to royal author Robert Hardman's amended biography, the modification will only become official if the UK government authorizes it.
"Any change is a matter for the government, but I think they would find that this place was pretty open to the idea," Hardman quoted a Palace source as saying.
Meanwhile, conventional titles would be accessible to individuals who still wanted to accept them.
The judgment comes as requests for compensation from the British monarchy intensify.
During the Heads of Commonwealth conference in Samoa last month, King Charles felt forced to confront the "painful" past and hope to "make the right choices in the future."
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