That's according to the 2014 Cranfield Female FTSE board report, which shows that just 48 more women are needed on the boards of Britain's top companies for the target to be met.
Just two FTSE 100 companies still have all male boards - down from 2011 when one in five boards were all male. Things are also becoming more equitable in the FTSE 250, where all male boards are down by over a half on three years ago.
Capita and Diageo both have 44.4 per cent female representation on their boards, while new FTSE 100 constituent Royal Mail has women taking 36.4 per cent of board roles.
Professor Susan Vinnicombe, director of the Cranfield International Centre for Women Leaders, says that "whilst it is extremely encouraging to see the overall figures moving in the right direction, the issue still remains that women are not being appointed to executive positions".
That's despite there being "a wealth of suitable candidates", says Vinnicombe. Now 50 companies in the FTSE 100 and FTSE 250 still have all male boards.
Here's the full list.
Al Noor Hospitals
Bank of Georgia
Blackrock World Mining
Bluecrest Allblue Fund
City of London Investment
Domino Printing Sciences
Fisher & Sons
John Lain Infrastructure
Perpetual Income & Growth Investment
Templeton Emerging Markets Investment