They are all corrupt and all add to the dilution of what it means to be a world champion. I dont consider one any better then the other. A belt is as good as the champ who holds it. Though I actually have a lot of time for the way the IBO conducts itself and its ranking system. You cant even trust the ring belt anymore because it is owned by GBP.
Agree 100 percent. All these sanctioning bodies are equally illegitimate. The only one that has a shred of credibility is the Ring belt, and as you point out, even that's been damaged somewhat by its connection with GBP.