Depending on the permissions assigned to each individual, users can modify an existing folder to give it a new name.
To modify a folder, follow these steps:
Click the Groups tab on the left navigation bar.
Click the Group Memberships icon. The Active Memberships page appears.
Select the group in which you would like to modify a folder. The Group homepage appears.
Click the Shared Documents button. The Shared Documents page appears.
In the Modify column of the folder you want to modify, click the rename link.
The Modify Folder page appears.
In the Name field, type the new name of the folder.
Click the Modify Folder button.