"panel consisting of" is a correct and usable phrase in written English.
You use it when you are referring to a group of people, such as in the sentence, "The panel consisting of ten experts discussed the issue."
The Voice returns with a judging panel consisting of star names.
A review panel consisting of engineering, research, legal, privacy and policy teams will assess projects falling within these guidelines.
The shortlist was drawn up by a panel consisting of media representatives and sports stars including Ryan Giggs and Victoria Pendleton.
The final columns will be judged by a panel consisting of Sun editor Dominic Mohan and two of his columnists, Moore and Lorraine Kelly (why not Kelvin? - ed).
5th Robert Macfarlane chairs a panel consisting of Martha Kearney, biographer Robert Douglas-Fairhurst, classicist and comedian Natalie Haynes and writer and critic Stuart Kelly.
The new program will include commentary, interviews and a "Great American Panel" consisting of a liberal, a conservative and an "X-factor" guest.
In December, 2007, a three-person panel consisting of Sotomayor, Judge Rosemary Pooler, and Judge Robert Sack heard the case on appeal.
The regional finalists for best book were then compared by a panel consisting of the chairs of the four regional competitions to determine the overall winner.
The panel, consisting of three regulars, Eric Asimov, Amanda Hesser and me, and Howard Horvath, the wine director of Esca, chose 10 wines to recommend from the blind tastings.
Once submitted, any exemptions sought by the United States and other industrialized countries will be reviewed this spring by a technical panel consisting of three dozen experts, including American government scientists.
I chaired a panel consisting of representatives from Facebook, Amazon and Google.
