Michael Chamberlain, former treasurer of University of Leicester Council, is to receive a distinguished honorary fellowship, the highest accolade the university can bestow.
Mr Chamberlain has been a senior partner and consultant with KPMG for 35 y
ears and is a past president of the Institute of Chartered Accountants.
He has also served on the Diocesan Board of Finance, the Archbishop's Council and the Royal Board of Church Music.
He has been a member of the University of Leicester Council since 1996 and was formerly its treasurer, receiving an honorary degree in 1993.
Leicester-born David Weston, who lives and works in Kirby Bellars exhibiting once a year in his own gallery, is to be awarded an honourary degree.
He has been a professional artist for 40 years covering a diverse range of subjects, although he is perhaps best-known for the way in which he has charted Britain's industrial history, its decline and the changing landscape that has followed.
There have been two television documentaries of his work and nine books of his pictures, the last of which, Letting Off Steam, was published earlier this year. Several of his paintings are in various national collections.
Mr Weston said: "I am delighted to receive this very special award of Doctor of Letters, especially as it coincides with my 40th year in the profession."