The ORMMA code group presentation on January 31, 2011, focused on creating compliant ads and SDKs for rich media in native applications. It discussed the ORMMA specification, its compliance levels, and provided resources such as the reference SDK and web tester for publishers and advertisers to ensure compliance. The session included a panel discussion and emphasized the aim to reduce conflicts and expenses related to multiple ad SDKs while maintaining revenue during the adoption of ORMMA standards.