You can configure the specific tasks a folder owner can perform by changing the folder's set of Capabilities. A Capability is a specific task that an account may or may not be able to do, based on security considerations.
There are a number of ways you can apply capabilities to accounts:
You can set capabilities on Roles, and then assign accounts to the Role: see Capabilities and Roles.
You can set capabilities directly on accounts: see Capabilities and Accounts
You can set capabilities on folders: see Capabilities and Folder Ownership
You can standardize the capabilities for accounts in a given folder by adding them to the account template: see Capabilities and Account Templates.
For a detailed comparison of these tasks, and when you might want to do each of them, see About Security.
For a description of the Capabilities supplied with MetraNet, see MetraNet Capabilities.