The rower, who was presented with the Editor's Award at last month's Evening Times Scotswoman of the Year ceremony, is one of the finalists at this year's Women of Influence Awards.
Katherine, who is the only British woman to win medals in four consecutive Olympic Games, faces competition from director of public health in NHS Greater Glasgow and Clyde Dr Linda de Caestecker and broadcaster Kirsty Wark.
National coordinator for Rape Crisis in Scotland Sandy Brindley and managing director of Lloyds Banking Group Scotland Lady Susan Rice CBE also made the shortlist.
Carol Iddon, director of children's services at Action for Children UK North, said: "The Woman of Influence Awards recognise and celebrate the women who have had an extraordinary impact on Scottish society, whilst raising vital funds to help some of the country's most vulnerable children and young people.
"The women shortlisted for this year's award are a beacon of vision and dynamism in Scottish life.
"They serve as wonderful role models for the young people Action for Children Scotland supports and I congratulate them on being nominated."
The Women of Influence Awards, organised by Action for Children Scotland, take place on March 17 at The Grand Central Hotel, in Glasgow.
The event, which also raises money for children's projects across Scotland, has raised more than £800,000 during the last 12 years.
Jo Mickel, chairwoman of the Woman of Influence Awards 2012, said: "As well as raising vital funds to help the country's most vulnerable children, the Woman of Influence Awards is also about honouring women in Scotland who have achieved significant influence through their life, work or passion."