Hamish McDonald, who founded Stonehaven's Maritime Rescue Institute was awarded an OBE, and Jim Brown, of Fettercairn, became an MBE.
Mr McDonald was given the honour for public and voluntary service to maritime safety while Mr Brown was recognised for service to Scottish heritage, Highland games and charity.
Mr McDonald stepped down as coxswain of the lifeboat when he turned 60 last year but remains the chief executive of the MRI.
He said he was delighted to be awarded the OBE but felt it was indicative of all the work done at the rescue centre.
"It's very nice to be recognised but there are an awful lot of folk who have supported us over the years and although this is in my name, it should really be for all those people as well," he said.
"The Institute is something the town can be proud of - we are internationally recognised for the work we do.
"We started out in 1976 in the old hut but with the cooperation of fishermen, the harbour authorities and the then town council the institution became the successful operation it is today.
"There has been a great deal of loyalty within the town and without that none of this would have been possible. So many people have worked in the background and they deserve to be part of this as well."
Mr Brown, known across Scotland as a Burns speaker, said his MBE had come as a complete surprise.
He was rewarded for his commitment to Scottish traditions. He is honorary president of the Scottish Games Association and chairman of the Grampian Games, which incorporates the 12 games on the local circuit, including the high-profile Braemar Gathering.
Mr Brown founded the Drumtochty Games and was chairman for 28 years until 2005.
He is also a director of Arbuthnott's Grassic Gibbon Centre and a founder member of the Fettercairn Burns Club.
"I'm absolutely delighted by this," he said.
"Hopefully it reflects well on the community, the Grassic Gibbon Centre and the Drumtochty Games and is an indication that local activities and Scottish heritage are gaining a higher profile."