Rangers saw their hopes of a first top-flight title since 2011 ended for good last weekend as Celtic secured glory by beating Aberdeen.
The Hoops have the opportunity to laud that success over their Old Firm arch-rivals at Ibrox when the teams go head-to-head on Sunday.
Plenty of the pre-match debate has centred on whether Rangers should give Neil Lennon and his title-winning side a guard of honour.
Boyd, though, believes Rangers ought to welcome Celtic on to the pitch with the customary round of applause.
And he’s questioned why his former side, for whom he scored 138 goals during two spells, would not honour Celtic.
“I think Rangers would make a statement about what type of club they are if they do it,” Boyd said.
“At the end of the day, they might be your rivals, but they have won the league. Pay them the respect they deserve.
“I get the view of the fans. Asking why you would want to clap your rivals on to the pitch.
“But be the bigger man, as such, and do what’s right. They have won the league, they are the champions so, for me, why would you not?
“I understand fans might be frustrated, but it’s not the end of the world if you clap someone going on to a pitch.”
Rangers were unable to overhaul Celtic this term despite the upheaval of Brendan Rodgers leaving for Leicester in February.
Gers legend Graeme Souness is worried about the prospect of Celtic appointing Rodgers’ temporary successor Lennon on a permanent basis.
“I worked with Neil Lennon for two years in television and he’s as good as anyone I’ve worked with,” Souness said.
“He gets his thinking from Martin O’Neill who got his from Brian Clough. Neil Lennon knows his stuff.
“I hope they don’t employ him as a Rangers supporter. But I want him to keep the job as he’s a good guy.
“They’d be crazy to get rid of him. If Neil wins the treble how much better can it get? He has fulfilled what he could do.”