It will be led by former Australian opener Rick McCosker and is expected to consist of a further two current and two former players.
"Cricket Australia will initiate a separate player-driven process to consider a "charter" that sets out standards of behaviour and expectations of Australian men's teams", he told reporters in Brisbane.
His decision, just hours before a deadline, followed a contrite Steve Smith and Cameron Bancroft also accepting their sanctions on Wednesday.Warner and Smith were last week suspended from worldwide and domestic cricket for a year, while opening batsman Bancroft was exiled for nine months over the incident during the third Test in South Africa that shocked the sport.
"It is anticipated that this process will include assessments as to whether changes to codes and standards governing player conduct are required", Mr Peever said.
'The independent review will provide an important foundation for ensuring these expectations are met'. "I think we're all going to come under the microscope in terms of what is occurring back in the organisation that might have contributed to this", he said.
"I know that when the time comes for James to make a decision about what he wants to do in regards to his role in CA, he will be remembered as one of the best servants of cricket in this country."
"CA establishing its own review, selecting the reviewer and then having the findings of the review issued to itself - particularly as it relates to its own corporate culture - is far from transparent", ACA president Greg Dyer said in a statement late Friday.
"I know people in these circumstances call for everybody to be sacked".
He also noted that Australian cricket CEO James Sutherland had the "full support of the board" and would keep his job following the scandal. "Clearly, that isn't going to solve any problems".
"Rick will advise on the most appropriate procedures to guide his work, however it is now envisaged that he will invite two former players and two current players to join him on a panel".
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