According to the press statement of the bank received here Thursday, the prize was presented at the 12th World Knowledge Forum in Seoul, Republic of Korea, by Teleos in association with the KNOW Network. This is the first time that ADB has been selected as an Asian MAKE winner, it said adding the MAKE 2011 panel recognized ADB for its collaborative enterprise-wide knowledge sharing. Winners were selected based on eight key knowledge performance indicators including creating a learning organization, innovation, ability to develop knowledge workers through senior management leadership and having an enterprise knowledge-driven culture, it added. ADB was among 20 Asian MAKE winners chosen from 78 organizations based in Asia, it said adding the MAKE panel comprised Asian-based Fortune 500 senior executives and leading knowledge management experts. The MAKE research program consists of the annual global MAKE study that focuses on leading knowledge organizations, along with a series of similar regional and national studies. The award ceremony was held on 13 October, 2011.