Hello Howard and Ozgur, My answers are inlined in the following text. I attached a copy of the slapd.conf if you would like to take a look.
Your slapd.conf has no rootdn configured. You need to configure it if you want ppolicy to function correctly.
Regards, Quanah -- Quanah Gibson-Mount Product Architect Symas Corporation Packaged, certified, and supported LDAP solutions powered by OpenLDAP: <http://www.symas.com>