Client TCW is requesting the ability to change the name of the default "Follow Up" flag for the Content Library. Currently you can edit the name for the Project Flags but not Content Flags. We would like parity for this across modules.
@Bagavathy - Please check, this is common for Projects & CCL
@karthikumar : I don't think flag is common. Flags are module specific. Meaning flags that are created in Project settings will be used only in Projects and like wise for CCL. When Org settings 2.0, happened , we maintained feature parity and even back then default CCL flag didn't had edit option.
As this is an enhancement and CCL specific, would be better if CCL team take this.