A compensation circuit includes an amplifier coupled between a first voltage terminal and a common terminal. The amplifier has a first output terminal. A current source transistor has a current path coupled between a second voltage terminal and a second output terminal. A threshold voltage sense transistor has a current path coupled between the first and second output terminals. A gate and drain of the threshold voltage sense transistor are connected. An output transistor having a current path coupled between the first output terminal and a third output terminal has a gate coupled to the second output terminal.