One of the advantages of being a lord is you can choose how you  want to govern; do you want to be a good lord or a bad lord?

If you want to be a good lord you can place entertainment buildings,  such as an opera house or kung fu plaza, to give your peasants  some rest and relaxation. Alternately if you want to be a bad lord then  there are a number of torture devices available to strike fear into your  peasants. 

There are, however, advantages and disadvantages depending on  which path you choose. 

	Good Lord	Bad Lord
Popularity
Troop   Damage
Productivity