outlook flags should be named (needs action, follow-up) not by co.

[Guest]

anyone (except those who are color blind) can see what color the flags are in
Outlook. Rather than name them "Red Flag" Blue Flag", etc...let's give them
better names! "Today"..."Information/Reference"..."Needs
Action"..."Personal"..."Home"..."Office"...at minimum, there should be a
feature that the user can personalize their own flag names.

 

[Gordon]

anyone (except those who are color blind) can see what color the flags are in
Outlook. Rather than name them "Red Flag" Blue Flag", etc...let's give them
better names! "Today"..."Information/Reference"..."Needs
Action"..."Personal"..."Home"..."Office"...at minimum, there should be a
feature that the user can personalize their own flag names.

You might want to have a look here:
http://office.microsoft.com/en-gb/assistance/HA011168451033.aspx