A circuit with Miller compensation effect includes a first stage and a second stage, with a first terminal for receiving a bias current and a second terminal that can be coupled to ground, wherein the first stage includes a differential stage coupled via a coupling line to the second stage. The second stage includes a transistor with a Miller compensation network, which is set between the first terminal of the second stage and the control terminal of the aforesaid transistor. A compensation-control transistor, which is coupled to the second terminal of said differential stage, can be activated for coupling the aforesaid second terminal to ground, the compensation-control transistor having its control terminal coupled to the aforesaid coupling line between the first and second stages.