LastPass offers a number of configurable policies around security levels and password strength. Each policy can be applied to all users, or an inclusive or exclusive list of users. For example, you might elect to implement a policy that will prohibit the general workforce from exporting data, while your senior executives are exempt. There are a number of important policy options on this tab. You should consider them carefully. Click here for a full list of LastPass Enterprise policies.
Click on the 'Add Policy' button in your Setup > Policies menu to create a new policy on your Enterprise Account (see screen shot below). Select your inclusive or exclusive group of users, or leave blank. And fill in the 'Value' and 'Notes' fields where applicable. By hitting save, the policy will be activated immediately: