via +Stowe Boyd

I agree, panels are something to prepare for -- I have moderated several where I did not get to pick the panelists (#1). However, I did research the topic, and the subject matter experts, including their speaking style. Make it a conversation, and yes, move it around the panelists. The moderator is there to make sure you're on topic, the discussion is useful and lively, people peak from a position of strength and authority, and the conversation is worth being a part of, which indeed also means the audience is part of it throughout.
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