The Stockwood Scrolls
Lords of Waterdeep
The Lords of Waterdeep is a secret council, believed to consist of 20 members, that rules over the city of Waterdeep. The Lords appear in public only when masked and magically protected from divinations and other forms of magic. They were formed in 1032 DR at the beginning of the realm’s rapid expansion into a metropolis.
The Lords are represented publicly by the Open Lord, who upon taking the role reveals their identity. The role of Open Lord is generally taken by the most powerful and respected of the Lords, and it comes with many benefits. Dagult Neverember was the Open Lord of Waterdeep for well over twenty years, while also acting as Lord Protector of Neverwinter, until he was forced to give up the role in favour of Laeral Silverhand in 1489 DR.