Singer songwriter Tracey Thorn and former Apprentice judge Margaret Mountford are on the panel for 2016's Baileys Women's Prize for Fiction.
They are joined by BBC journalist Naga Muchetty, writer and journalist Laurie Penny and author Elif Shafek.
Mountford will chair the panel and said: "There are so many great female writers, chairing... is going to be a real challenge."
The winner, who picks up £30,000 in prize money, will be named on 8 June.
Established in 1996, the Baileys Women's Prize for Fiction is awarded for the best novel of the year written by a woman. Any woman writing in English - whatever her nationality, country of residence, age or subject matter - is eligible.
But novels must be published in the UK between 1 April 2015 and 31 March 2016.
It was previously known as the Orange Prize. Baileys took over sponsorship in 2014.
The panel will read over 150 books before narrowing the list down to one winner.
The winning author will also be awarded a limited edition bronze figurine known as a Bessie, created and donated by the artist Grizel Niven.
Previous recipients include Ali Smith, who picked up the prize last year for How to be Both, Rose Tremain for The Road Home (2008), Zadie Smith for On Beauty (2006), Lionel Shriver for We Need to Talk About Kevin (2005) and Andrea Levy for Small Island (2004).