Good, who joined the company in 1969 and the board in 1979, was honoured for his services to industry in Scotland.
The Edrington Group, whose brands include The Macallan and Famous Grouse, is said to be one of Scotland’s biggest private manufacturing companies and exports its products to 120 countries.
Good became chairman of the company in 1994, two years after he was awarded a CBE for services to Scotch whisky. He also served as chairman of the Scotch Whisky Association from 2001 to 2005.
Marks & Spencer chief, Stuart Rose was also awarded a Knighthood in the list for his services to retail industry and to corporate social responsibility.
The honours list was the first to be recommended by Gordon Brown since he became Prime Minister.