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Anyone who has been remotely close to any form of moderator position, or a leadership position in general, can tell you that all forms of disciplinary actions must be carried out privately. Nobody ...
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#1: Initial revision
Anyone who has been remotely close to any form of moderator position, or a leadership position in general, can tell you that all forms of disciplinary actions _must_ be carried out privately. Nobody responds well to getting a temporary suspension or a warning. They will react far more negatively if this is handed out in front of an audience. It would be like putting out fire with gasoline; there will be a pie/dung throwing contest in no time. With a system like that one you propose, there will be constant drama, angst and moderator frustration. If you have any doubt about this, go to Stack Overflow Meta and go read "why have I been banned" posts. The vast majority of them are not constructive and did not help anyone in any way, including the poster. The review panel is a sound idea. It will consist of users, not of moderators/staff. In the case where moderators make mistakes or abuse their powers, it can be addressed by this panel, by reviewing cases in _private_.