The Lords of Waterdeep are the mysterious and predominantly anonymous ruling council of Waterdeep, having governed the city from the 11th century onwards.
They oversee the regional economy, maintaining security, performing diplomacy, and holds legal jurisdiction over the city and exerts their will over the surrounding lands for approximately 100 mi (160 km) beyond its walls.
A full council is comprised of 20 Lords, though this number might vary from 16 to 29. The full number of Lords is not always known and some Lords are kept secret
The Open Lord of Waterdeep (also called the “Unmasked Lord”) is the sole member of the Lords of Waterdeep whose identity is publicly known.
She holds a number of additional titles including Warden of Waterdeep, Overmaster of the Guilds, and Commander of the Watch.
The Open Lord is also the city's chief diplomat.
There is only one Open Lord at any one time. The current Open Lord is Laeral Silverhand.
There has been 7 Open Lords of Waterdeep